Mumbai, July 22 (IANS) Bandhan Bank shares plunged more than 15 per cent on Wednesday after the lender trimmed its return‑on‑assets (RoA) outlook, despite reporting a stronger‑than‑expected quarterly profit.The Kolkata‑based bank said it now expects RoA to average 1.2–1.4 per cent by the end of FY27, down 40 basis points from its earlier expectation of 1.6–1.8 per cent.The bank expects a dip in RoA due to narrower net interest margins and higher operating expenses.Bandhan Bank shar…
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Kochi, July 10 (IANS) The Kerala High Court on Friday refused to accept the unconditional apology tendered by IAS officer and Cashew Department Secretary, K. Biju, in connection with a controversial government order on prosecution sanction in the multi-crore Cashew Development Corporation corruption case, directing him to file a fresh affidavit after incorporating crucial omissions pointed out by the court.The Court while returning the affidavit, delivered a strong message to the State’s bureauc…
Mumbai, July 9 (IANS) Tata Consultancy Services (TCS), India’s largest software services exporter, on Thursday reported a consolidated net profit of Rs 13,349 crore for the first quarter of FY27, down around 3 per cent from Rs 13,718 crore recorded in the January-March quarter of the previous financial year (Q4 FY26). On a year-on-year basis, however, net profit rose 5 per cent from Rs 12,760 crore reported in the corresponding quarter last year (Q1 FY26).Revenue from operations increased 14 per…
New Delhi, June 27 (IANS) Private sector lender Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer, Ashok Vaswani, has decided not to seek reappointment after the completion of his current term on December 31, prompting the board to initiate the process of appointing a new chief executive.In a regulatory filing, the bank said Vaswani informed the board that due to personal reasons, he does not wish to seek reappointment when his current term ends.”The Board ha…
New Delhi, June 24 (IANS) Directorate of Enforcement (ED) has conducted search and seizure operations at nine premises of Rajesh Exports Limited (REL), located in Bengaluru and Mumbai, in connection with an ongoing investigation into the company and connected persons for suspected contraventions of provisions of the Foreign Exchange Management Act (FEMA), according to an official statement issued on Wednesday.Investigation has identified multiple issues, which include non-availability of records…
Bengaluru, May 16 (IANS) Kempegowda International Airport (BLR Airport) in Bengaluru has crossed the milestone of handling 400 million passengers since its opening, while recording strong growth in passenger traffic and cargo operations during the financial year 2025–26, according to Bangalore International Airport Limited (BIAL), as stated by the Chief Ministers’ Office (CMO) on Saturday. The achievements and performance highlights were reviewed during the 134th Board Meeting of BIAL, chaired…
New Delhi, April 7 (IANS) Air India on Tuesday confirmed the resignation of Chief Executive Officer and Managing Director, Campbell Wilson. In an official statement, the airline said that a committee has been constituted to find the successor in the coming months.“Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 and, since then, has been working to ensure the organisation and leadership team is on a stable footing for the transition,” the…