Dailynews

by Shrutee Kate RESULTS AT A GLANCE  Quarter 31 st  Mar 2024 vis a vis Quarter 31 st  Mar 2023 Total Business grew by 15.94 % to ₹ 474,411   Total Deposits increased by 15.66 % to ₹ 270,747   Gross Advances increased by 16.30 % to ₹ 203,664   Credit – Deposit (CD) Ratio improved to 22 %. Gross NPA declined to  88 % as on 31.03.2024. Net NPA reduced to 20 % as on 31.03.2024. Provision Coverage Ratio improved to 34 %. Ø  Operating profit grew by 19.10 % to ₹ 2,210 crore. Net Profit increased by 95 % to ₹  1,218  crore as on 31.03.2024 Ø  Net Interest Income increased by 18.17 % to ₹ 2,584 crore. Net Interest Margin (NIM) improved to 97 % as on 31.03.2024. Cost to Income Ratio stood at 38.72 %. Return on Assets (ROA) improved to 73 %. Return on Equity (ROE) improved to 35 %. CRAR stood at  38 % of which Tier I is 13.72%. Net Profit increased by 95 % to ₹ 1,218  crore in Q4FY24 on Y-o-Y basis as against ₹ 840 crore for Q4FY23.  The same is increased by 17.59 % on a Q-o-Q sequential basis.

Etrav Tech Ltd., headquartered in Mumbai, has recently secured a significant investment of $3.9 Mn (INR 33 Cr) in its second round of funding, led by EaseMyTrip. This strategic infusion of capital, spearheaded by EaseMyTrip, marks a pivotal moment for Etrav Tech, setting the stage for exponential growth and innovation. Specializing in providing comprehensive travel services to B2B travel agents nationwide, Etrav Tech covers a wide array of offerings including air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals, and bus tickets. With a robust clientele consisting of over 40,000 + travel agents, 600 + distributors, and 700 + API/white label clients, the company primarily generates revenue from air ticket sales. Under Mr. Heniel Rupaarelia’s leadership, Etrav Tech has experienced exceptional revenue growth, exceeding 100% from FY 2021-22 to 2022-23. Recently, the company expanded its horizons by acquiring UAE’s Eagle Crest DMC, along with its subsid

April 2024, Mumbai: Suraj Estate Developers Limited, a leading real estate player focused on South Central Mumbai (SCM) market has acquired freehold plot of land admeasuring ~ 1,073.42 square meters situated off Lady Jamshedji Road, Mahim (West), Mumbai for a total consideration of Rs. 33.10 Crores. The project is a redevelopment project which entails redevelopment of 7 tenants/occupants who have vacated their respective premises and the plot is rendered vacant. After deducting the FSI required for rehabilitating the said tenants / occupants of the property and surplus area to be handed over to MHADA, the estimated balance carpet area available for sale is about 2,787 square meters (30,000 sq. ft.) with a GDV of Rs. 120 crores. Commenting on this, Mr. Rahul Rajan Jesu Thomas, Whole Time Director, Suraj Estate Developers Limited, said, “The acquisition enhances our sales potential by Rs 120 crores, strengthening both the company's project pipeline and its financial outlook. At Sur

by Shrutee Kate Bengaluru, India - April , 2024  - As the world grapples with the devastating impact of plastic pollution, Akshayakalpa Organic is proud to announce its unwavering commitment to sustainability with its revolutionary 'Give Back the Milk Pack' initiative. On the occasion of World Earth Day, under the theme 'Planet vs. Plastics,' Akshayakalpa Organic reaffirms its dedication to combating plastic waste and forging a path towards a greener, more sustainable future. The brand, in collaboration with its delivery partners, has streamlined the plastic recycling process, making it incredibly convenient for consumers. Now, all it takes is placing the empty plastic packets back into the Akshayakalpa bag each day, to ensure seamless recycling. Link for the video around the initiative:  https://youtu.be/E-axYZ1YRzk?si=nA-sngA9ElWs_BfO. In today's disposable culture, the proliferation of single-use plastics poses a grave threat to our environment. Shockingly, 380 m

by Shrutee Kate   Bullet Echo India is a multiplayer PvP tactical top-down shooter mobile game The game has already reached the top spot in the 'Top Free,' 'Action,' and 'New' categories on the Google Play Store New Delhi, April 23 rd , 2024 :  KRAFTON India, in collaboration with ZeptoLab, has today announced the official launch of its new game title, Bullet Echo India . This exciting top-down shooter mobile game is made especially for Indian gamers, offering an immersive experience with special features just for the Indian community. Bullet Echo India is a multiplayer PvP tactical top-down shooter game where players team up, strategize, and fight in action-packed battles to be the last team standing, similar to a battle royale. Since its release on April 4th, the game has quickly soared to the top spot in the 'Top Free,' 'Action,' and 'New' categories on the Google Play Store! The game features four Indian-themed skins for heroes, Mahar