India has about 2 million active 5G devices in use, says Nokia
As per Finnish telecom gear maker Nokia, India has 2 million active 5G devices in use across the country.
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City Union Bank chief expects total recast at around 5-6%
Private sector lender City Union Bank (CUB) said the bank has identified accounts worth Rs 1,037 crore for restructuring during the fourth quarter of the current fiscal.
Thermax net profit declines to Rs 83.26 crore
Resumption of normalcy in the company’s operations, improved performance of all business segments and cost control measures had led to rise in profit before tax of Rs 141 crore during the December 2020 quarter, the company said.
RBI unveils risk-based internal audit guidelines for select NBFCs, UCBs
The regulator also specified that RBIA policy shall clearly document the purpose, authority, and responsibility of the internal audit activity, with a clear demarcation of the role and expectations from risk management function and risk -based internal audit function.
HDFC net profit plunges 65% to Rs 2926 cr, NII up 26%
The lender’s capital adequacy ratio stood at 20.9% at the end of the December quarter, compared to minimum regulatory requirement of 14%.
Demand for warehousing to remain strong in 2021
Gxpress director Praveen Vashistha said that warehousing, which comprises around 10% of the overall logistics cost, has a significant impact on optimising the remaining 90% that includes transportation, inventory management, material handling, packaging, etc.
Tamil Nadu nod to Tata’s Rs 5,763-crore plan to build mobile parts unit
The Cabinet also cleared the Tamil Nadu government’s new industrial policy, 2021, which will be unveiled soon.
DLF’s net profit up 9% at Rs 452 crore
DLF said its rental arm, DLF Cyber City Developers (DCCDL) has engaged advisors for floating a REIT for its rental business and the process is likely to be completed in a year’s time.
Will collapse if Reliance Industries deal does not go through: Future to HC
Future Retail (FRL) on Thursday told the Delhi High Court that it intends to proceed with the Rs 24,713-crore deal to sell its retail assets to Reliance Industries and is seeking approval from the National Company Law Tribunal (NCLT) for demerger.