SF Holdings Q1 profit surges 80% to ₹5.13 cr.
The Hindu
‘Auto still scarred by downturn’
Sundaram Finance Holdings Ltd. (SF Holdings) reported first quarter net profit grew 80% to ₹5.13 crore while revenue rose 13% to ₹10.50 crore. SF Holdings primarily operates as a holding company owning a portfolio of businesses engaged in various aspects of automotive manufacturing. While performance of portfolio companies is improving, they are still below FY20 on account of the downturn in the automotive industry, SF Holdings said.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
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Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.