The Reserve Bank of India lifted restrictions on Kotak Mahindra Bank, allowing the Bank to onboard new customers through its online and mobile banking channels, and issue fresh credit cards. The RBI had placed restrictions on Kotak Mahindra Bank on 24-April 2024.
FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, reported a 51 percent year-on-year (Y-o-Y) increase in its net profit to Rs 26.4 cr December 31 (Q3 FY25), V/s to Rs 17.5 cr the Y-o-Y.
The company had posted a profit of Rs 13 cr.
Nykaa’s consolidated revenue from operations grew 27% Y-o-Y to Rs 2,267 cr, up from Rs 1,789 cr a Y-o-Y and Rs 1,875 cr in Q2 FY25.
Vodafone Idea share announced a robust capital expenditure plan of Rs 50,000-55,000 cr over the next three years, aimed at bolstering its 4G and 5G network capacity and coverage.
In an investor presentation, the company said that it had already spent over Rs 2,000 cr on capital expenditure in the first half of FY25, resulting in a 14% increase in its 4G data capacity.
The 4G population coverage also grew significantly, adding 22 million new users during the period.
The ambitious capex plan has renewed investor confidence in the company’s ability to remain competitive in the telecom space, despite its financial challenges.
The fundraise, Birla said, enabled the company to kick start its capex cycle. Vodafone Idea has already announced the first phase of capex deals worth $3.6 billion with three global partners- Nokia, Ericsson and Samsung.
Shakti Pumps
The company received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 standalone off-grid DC Solar Photovoltaic Water Pumping Systems.
Ashok Leyland
The company received an order win worth Rs 345.58 crore from Tamil Nadu State Transport Corporation.
Board of Directors in its meeting held Tuesday, December 10, 2024 considered and approved Issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1 :1, i.e. 1 (one) Bonus Equity Shares of face value of Rs 2/- each fully paid up for every 1 (one) existing equity shares of face value of Rs 2/- each fully paid up, to the eligible shareholders of the Company as on the record date.