Apr 13, 2022
By: Bhakti MakwanaThe information technology (IT) major will announce its March quarter earnings today.
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The bank will consider fundraising by way of issuance of debt securities on April 23.
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The company has announced to buy a minority stake in the fintech startup PaySprint that offers Application Programming Interfaces (APIs) in banking, payments, travel, lending, insurance and investments.
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The company’s chairman Anil Agarwal reportedly said in partnership with Foxconn it will set up a semiconductor manufacturing plant in the next two years.
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Subsidiary Swiss E-Mobility Group (Holding) AG has acquired a 100 percent stake in Alexand’Ro Edouard’O Passion Vélo Sàrl (“Passion Vélo”) for CHF (swiss franc, official currency of Switzerland) 2.79 million. The acquired firm is engaged in the sale of e-bikes as well as e-bike accessories.
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The company reported a profit of ₹28.42 crore for March quarter down from ₹72.14 crore in the year-ago period.
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The National Company Law Tribunal has initiated insolvency proceedings against the company and appointed an interim resolution professional.
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The company’s net profit grew three-fold in the March quarter at ₹34.80 crore as compared to ₹10.09 crore in the previous quarter a year ago.
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Den Networks and Lesha Industries to announce Q4 results today.
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