Category: industry news

May 25

Nikon India aims double-digit growth in FY24, expects India to be among top 3 markets

Japanese imaging products maker Nikon expects around 11 per cent volume-driven growth in India in the current fiscal, touching its top-line to Rs 1,000 crore-mark, and expects the country to be among its top three global markets, according to top company officials.Growth in the current year will be led by increased mobility, growing penetration and […]
May 18

Realtors buy 2,181 acre land since Jan 2022 for about Rs 26k crore: Report

Real estate developers have acquired nearly 2,200-acre land parcels since January last year for around Rs 26,000 crore, mainly to develop residential projects, according to JLL India.In a statement, real estate consultant JLL India said that the developers have acquired around 2,181, acres of land area in the last 17 months (January 2022-May 2023) valued […]
May 13

Banks should have stronger overview on NBFC borrowers’ lending practices: SBI MD

Banks need to be given “stronger overview” on the lending practices followed by non-bank lenders who borrow from them, a senior official from SBI has said. Non-bank finance companies and microfinance institutions should follow the same risk underwriting and credit monitoring principles as followed by the larger banks from whom they borrow money, C S […]
May 10

India’s Dr Reddy’s Labs posts 11-fold jump in Q4 profit

Indian drugmaker Dr Reddy’s Laboratories Ltd reported nearly an eleven-fold surge in fourth-quarter profit on Wednesday, driven by higher sales from its mainstay generic drugs business in North America.The Hyderabad-based company’s consolidated profit rose to 9.59 billion rupees in the three months ended March 31, compared with 875 million rupees a year earlier.The profit, however, […]