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.

Fineotex Chemical Ltd raised Rs 342.55 crore through the issuance of equity shares and warrants on a preferential basis. The company will use the funds for organic and inorganic growth.

Zydus Lifesciences secures Mexican regulatory approval for Bhava, a biosimilar cancer treatment, expanding its reach to Latin America. The drug is used for various cancers, including colorectal and...

JSW Neo Energy has secured a contract to develop a 500 MW solar project with energy storage systems from SECI. The project will be located in India and is part of the company's ambitious goal to...

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

Crude oil futures edged down on Monday due to weak demand, falling by 0.03% to Rs 6,610 per barrel on the Multi Commodity Exchange. Global oil prices, however, saw gains.

China's central bank cuts key interest rates in a surprise move to revive the struggling property sector and stimulate economic growth. The move comes as the country faces challenges in the housing...

Fineotex Chemical Ltd raised Rs 342.55 crore through the issuance of equity shares and warrants on a preferential basis. The company will use the funds for organic and inorganic growth.

Silver prices fell on Monday, with futures contracts declining to Rs 89,110 per kilogram on the Multi Commodity Exchange. Global silver prices also traded lower.

Gold prices in India declined on Monday due to reduced speculator interest and weak global cues. Learn more about the latest gold futures market trends.