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ICRA revises its outlook on LT rating of Utkarsh Small Finance Bank to 'negative'

Mumbai, May 22 -- The agency has reaffirmed its '[ICRA] A1+' rating on the short-term bank facilities of the bank. ICRA stated that the revision in the outlook to 'negative' considers the significant... Read More


Mehai Tech Q4 PAT soars to Rs 1 crore

Mumbai, May 22 -- Revenue from operations was at Rs 52.22 crore in Q4 FY25, soared 1,092% year on year. Profit before tax rallied 241.46% year on year to Rs 1.40 crore in the fourth quarter of FY25. ... Read More


TCS announces 5-year engagement with Finland-based DNA

Mumbai, May 22 -- Tata Consultancy Services (TCS) has announced a five-year partnership with DNA, one of Finland's leading telecommunications providers, to accelerate its cloud transformation program.... Read More


Crisil Ratings assigns 'A2' rating to ST facilities of Dreamfolks Services

Mumbai, May 22 -- The agency has reaffirmed its 'Crisil BBB+/Stable' rating on the long-term bank facilities of DSL. Crisil Ratings stated that the rating continues to reflect the established market ... Read More


Mankind Pharma slides after Q4 PAT drops 11% YoY to Rs 421 cr

Mumbai, May 22 -- However, revenue from operations increased 27.19% year-on-year (YoY) to Rs 3,079.37 crore in the fourth quarter of FY25. Profit before tax from continuing operations was at Rs 515.4... Read More


ABB India announces collaboration with Steel Authority of India

Mumbai, May 22 -- ABB India and Steel Authority of India (SAIL) have signed a Memorandum of Understanding (MoU) to digitally optimize ironmaking and steelmaking processes at the Rourkela Steel Plant i... Read More


Mazagon Dock Shipbuilders appoints director

Mumbai, May 22 -- Mazagon Dock Shipbuilders has appointed Kedar Nath Gupta (DIN-06460508) as Part-time Non-Official (Independent) Director on the Board of the Company is 21 May 2025. Published by HT ... Read More


Bajaj Finance allots NCDs aggregating to Rs 9,371.27 cr

Mumbai, May 22 -- Bajaj Finance has allotted 9,26,500 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1 lakh each aggregating to Rs 9,371.27 crore on private placement basis o... Read More


Subros Q4 PAT climbs 52% YoY of Rs 46 cr

Mumbai, May 22 -- Revenue from operations jumped 9.25% year on year (YoY) to Rs 908.46 crore in the quarter ended 31 March 2025. Profit before tax soared 37.24% to Rs 61.83 crore in Q4 FY25, compared... Read More


Jai Mata Glass reports standalone net loss of Rs 0.58 crore in the March 2025 quarter

Mumbai, May 22 -- Net loss of Jai Mata Glass reported to Rs 0.58 crore in the quarter ended March 2025 as against net profit of Rs 0.06 crore during the previous quarter ended March 2024. There were n... Read More