Category: Finance News

May 20

Siege ends at Ukraine’s Mariupol steelworks, Russia seeks control of Donbas

Breadcrumb Trail Links PMN Business Author of the article: Reuters Natalia Zinets and Tom Balmforth Publishing date: May 20, 2022  •  13 minutes ago  •  4 minute read  •  Join the conversation Article content KYIV — The last Ukrainian forces holed up in Mariupol’s smashed Azovstal steelworks surrendered on Friday, Russia’s defense ministry said, ending the […]
May 20

HC order on bid to declare accounts as fraud: Karnataka Bank restrained from action against Srei

Granting an interim relief to Srei founder Hemant Kanoria, the Delhi High Court has restrained private sector lender Karnataka Bank, which has reported frauds in the credit facilities extended to Srei Equipment Finance and investment made in debentures issued by Srei Infrastructure Finance, from taking any further steps or actions on the basis of declaring […]
May 20

Thermax net falls 4% to Rs 103 crore

Energy and environment solutions provider, Thermax Group on Friday reported a 4% year-on-year drop in consolidated net profit to Rs 103 crore for the March quarter. The company’s consolidated revenues were up 26% y-o-y to Rs 1,992 crore. The company attributed lower profitability to increased commodity and freight costs during the quarter. Thermax reported a […]