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Total income also fell to Rs 1,059.22 crore in the second quarter of this fiscal year from Rs 1135.94 crore in the corresponding period of the previous year.
Godrej Consumer on market expansion drive“Today, the consumer is experimenting with buying across channels and we want to be sure we have an omni-channel strategy. We are reinventing the way we operate in our existing channels in both urban and rural. While we are e… Read MoreLockdown brings back credit quality concerns at banksYesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays and also extended the night curfew until further orders.
from Stocks-Markets-Economi… Read MoreBanks may face a sharp surge in bad loans in FY22: ICRAThe ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for b… Read MoreNo sedans, mini SUVs for M&M: CEO ShahMahindra & Mahindra (M&M) has decided not to make sedans, hatchbacks and smaller SUVs, while looks to have an all-new brand of premium, electric SUVs under its Italian subsidiary Pininfarina, which could be priced up … Read MoreNBFCs seek ‘essential services’ tag to keep offices open partiallyNon-bank lenders have been included in essential services by the central government in an order passed in April 2020. NBFCs specifically cater to to the small truck or commercial vehicle operators, ,farmers, medium and small … Read More
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