LIC Housing Finance net profit down by 5% to Rs 398.92 crore in fourth quarter
NEW DELHI: Mortgage financier LIC Housing Finance (LIC HFL) on Tuesday reported a 5 per cent decline in its profit after tax at Rs 398.92 crore in the quarter ended in March 2021 due to higher provisioning for bad loans. It had reported a profit after tax of Rs 421.43 crore in the year ago […]
Ashok Leyland arm acquires electric vehicles maker Switch Mobility Automotive
NEW DELHI: Commercial vehicles major Ashok Leyland on Tuesday said its subsidiary Switch Mobility has fully acquired electric vehicles maker Switch Mobility Automotive Ltd, India. “Switch Mobility Ltd, UK, a subsidiary of the company, acquired the entire shareholding in Switch Mobility Automotive Ltd, India on June 14, 2021,” Ashok Leyland said in a regulatory filing. […]
Shipping Ministry and Civil Aviation Ministry signs MoU for development of Sea Plane Services
NEW DELHI: A Memorandum of Understanding (MoU) between the Ministry of Ports, Shipping and Waterways, Government of India and Ministry of Civil Aviation, Government of India for development of Sea Plane services in India was signed today. Minister of State (I/C) Ministry of Ports, Shipping and Waterways,Mansukh Mandaviya and Minister of Civil Aviation Hardeep Singh […]
Mindtree foundation wins the 2020 golden peacock award for CSR
NEW DELHI: Mindtree Foundation has won the 2020 Golden Peacock Award for Corporate Social Responsibility. The annual Golden Peacock Awards are considered a benchmark of corporate excellence worldwide. A jury chaired by Justice M. N. Venkatachaliah, former chief justice of India, chairman of the National Human Rights Commission, and head of the National Commission for […]