Dhanlaxmi Bank has appointed Ajith Kumar KK as its Managing Director & CEO, effective June 20, 2024. Kumar brings over 36 years of banking experience from Federal Bank.

Dhanlaxmi Bank has appointed Ajith Kumar KK as its MD and CEO for a three-year term. He currently serves as the Chief Human Resources Officer at Federal Bank.

Dhanlaxmi Bank reported a significant drop in net profit to Rs 3 crore in Q3 FY24, down from Rs 22 crore a year ago. The bank's total income, however, increased. Read more.

The Reserve Bank of India (RBI) has imposed penalties totaling Rs 2.49 crore on Dhanlaxmi Bank, Punjab and Sind Bank, and ESAF Small Finance Bank for non-compliance with regulatory norms.

Matter Group, an Indian EV and energy storage startup, secures $35 million in Series B funding led by Helena to scale up manufacturing, supply chain, and retail expansion.

JSW Infrastructure's subsidiary, JSW Tuticorin Multipurpose Terminal, has signed a concession agreement with V O Chidambaranar Port Authority for the development of North Cargo Berth-III.

Renewable energy firm ACME Solar Holdings Ltd has filed for a Rs 3,000 crore IPO, including a fresh issue of shares and an offer for sale. The company plans to utilize the proceeds for debt...

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...

Federal Bank's loan portfolio grew by 20% in the first quarter, with retail credit book up 25% and wholesale credit book up 14%. Deposits also rose by 20% year-on-year.

Matter Group, an Indian EV and energy storage startup, secures $35 million in Series B funding led by Helena to scale up manufacturing, supply chain, and retail expansion.

JSW Infrastructure's subsidiary, JSW Tuticorin Multipurpose Terminal, has signed a concession agreement with V O Chidambaranar Port Authority for the development of North Cargo Berth-III.

NVIDIA executive Mohit Sewak emphasizes the need for multimodal AI models aligned with Indian culture and sensitivities, advocating for large multilingual datasets and synthetic data generation.

Renewable energy firm ACME Solar Holdings Ltd has filed for a Rs 3,000 crore IPO, including a fresh issue of shares and an offer for sale. The company plans to utilize the proceeds for debt...

Sebi has mandated stock brokers to implement systems for detecting and preventing market abuse, including surveillance, reporting, and whistleblower policies. The new rules aim to curb fraudulent...