There are also data privacy concerns since these foreign nationals would have to provide their personal documents as a part of the Know Your Customer (KYC) requirements.
Its operating profit rose 62% at Rs 82.8 crore against Rs 51.1 crore over the same period. Its net interest income at 147 crore reflects a 34% rise, primarily on account of rise in gross advances over the period and lower cost of funds, the bank said in a regulatory filing to stock exchanges.
Total sales stood at Rs 91 crore on the back of 76,897 sq ft area sold during the quarter, while the collection rose 26% from a year ago to Rs 108 crore.
Total income in the quarter under review rose to Rs 267.86 crore, from Rs 212.78 crore in the year-ago period.
The non-banking finance company incurred an exceptional cost of Rs 153 crore, which is primarily on account of DHFL. Without this, the net profit fell only 8 percent.
Tata Steel’s revenue from operations, at Rs 60,282 crore, climbed 55 per cent. The consolidated expenses during the quarter went up 27 per cent YoY to Rs 47,135 crore. Its overall deliveries increased 11 per centQoQ to 4.58 mn tons.
On a consolidated basis, global steel major ArcelorMittal reported an EBITDA increase of 20 per cent to $6.1 billion (around Rs 45,402 crore) in the quarter, the highest since 2008.
Pre-sales for the quarter rose 54 per cent on quarter and 36 per cent on year to Rs 272 crore, while collections stood at Rs 207 crore, up 20 per cent and 47 per cent on quarter and on year, respectively.
In another transaction, promoters Rahul Gupta and APL Infrastructure offloaded 1.5 million and 3 million shares of APL Apollo, respectively, at Rs. 900 per share through two separate bulk deals on the NSE.
Total income of the company rose to Rs 3,165.59 crore in the second quarter of FY22 from Rs 3,086.03 crore in the same period a year ago.
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