Sunday, May 5 2024 | Time 20:37 Hrs(IST)
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Business Economy


Karur Vysya Bank denies credit exposure to Nirav Modi firms

New Delhi, Mar 15 (UNI) Public sector bank, Karur Vysya Bank (KVB) on Thursday said it has no credit exposure to Gitanjali Gems Ltd, owned by Nirav Modi.

In a statement KVB Managing Director P R Seshadri, while dismissing reports published in a section of media about Karur Vysya Bank credit exposure to the Nirav Modi firm, said the KVB has no outstanding credit exposure, either funded or non-funded in respect of the said firm or their group of companies.
According to a recently filed FIR, the credit exposure of various banks to Nirav Modi’s group companies could swell to Rs 3,000 crore as investigations have revealed as many as 26 banks may have provided credit limits to the group, besides the Rs 321 crore that was provided by Punjab National Bank.
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MRPL net drops over 40% in Q4; Final dividend at Rs 2 per share

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New Delhi, May 4 (UNI) Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC, on Saturday reported more than 40 percent fall in net profit at Rs 1,137 Crore during January-March or Q4 of fiscal year 2023-24 compared to Rs 1908 crore in the same period in 2022-23.

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India lifts ban on onion exports amid Lok Sabha polls

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04 May 2024 | 6:41 PM

New Delhi, May 4 (UNI) The government on Saturday lifted the ban on onion exports, nearly six months after the restriction was imposed.

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Kotak Mahindra Bank profit surges 17 pc to Rs 5,337 crore, board approves dividend

04 May 2024 | 6:08 PM

New Delhi, May 4 (UNI) Private lender Kotak Mahindra Bank on Saturday reported 16.88% year-on-year increase in consolidated net profit at Rs 5,337.20 crore for the January-March quarter (Q4) of the financial year 2023-24.

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Kottayam-Kochi Rubber Market Rates

03 May 2024 | 8:27 PM

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M&M leads Indian auto-pack with record-breaking 674 patents in FY24

03 May 2024 | 7:12 PM

Kolkata, May 3 (UNI) Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.

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