Business Economy


IDBI net up 40 pc in Q1

New Delhi, July 22 (UNI) IDBI bank on Monday reported a 40 percent jump in net profit at Rs 1,719 crore in the Q1 (April-June) of 2024-25 as against Rs 1,224 crore in Q1 of fiscal 2023-24.
Bank’s net Interest Income took a hit of 19 percent at Rs 3,233 crore in Q1 of 2024-25 as against Rs 3,998 crore in the same quarter of previous financial year, the Bank said in release after the Board meeting to consider financial performance of the bank in Q1.
Total Deposits during the period under consideration increased to Rs 2,77,548 crore as on June 30, 2024 as against Rs 2,44,936 crore as on June 30, 2023 registering a growth of 13 percent YoY.
In terms of asset quality, the Gross NPA ratio improved to 3.87 percent as on June 30, 2024 as against 5.05 percent as on June 30, 2023. Net NPA ratio also improved to 0.23 percent as on June 30, 2024 as against 0.44 percent as on June 30, 2023, the Bank added.
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Nithin Kamath warns of WhatsApp scam using Zerodha's name

30 Apr 2025 | 6:24 PM

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Godrej supports renewable energy transition in Northeast India’s FMCG industry

30 Apr 2025 | 5:59 PM

Kolkata, Apr 30 (UNI) In a significant advancement supporting India's ambitious target of achieving 500 GW of renewable energy capacity by 2030, Energy Solutions, business of the Godrej Enterprises Group, has successfully secured a comprehensive project of 2 MWp solar power plant for a leading FMCG company’s facility in Guwahati, Assam.

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Avantel secures Rs 17 7 Cr purchase order from BEL

30 Apr 2025 | 5:45 PM

Hyderabad, Apr 30 (UNI) Avantel Limited, a key player in wireless and satellite communication, on Wednesday said it has received a purchase order worth Rs 17.7 crore from Bharat Electronics Limited (BEL) for supply of high-frequency (HF) Software Defined Radio (SDR).

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Lohiya Group inaugurates world-class biscuit manufacturing facility in Telangana

30 Apr 2025 | 5:39 PM

Hyderabad, Apr 30 (UNI) The diversified Lohiya Group inaugurated its state-of-the-art biscuit manufacturing facility at Medchal, on the outskirts of the city.

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Essar commissions UK's first hydrogen-ready furnace at Stanlow refinery

Essar commissions UK's first hydrogen-ready furnace at Stanlow refinery

30 Apr 2025 | 5:23 PM

Stanlow (UK), Apr 30 (UNI) Essar Energy Transition’s (EET) UK arm, EET Fuels, on Wednesday announced that it has commissioned the country’s first hydrogen-ready furnace at its Stanlow refinery, marking a major milestone in its roadmap to become a low-carbon refining operation.

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