Godrej Properties witnesses 11% rise in total bookings in FY20

Godrej Properties has witnessed total booking value for the financial year 2019-20 at Rs 5,915 crore up by 11% y-o-y with residential sales increasing by 14% to Rs 5,840 crore comprising of over 7,300 homes sold. The company launched 17 new projects and phases in FY 20 including 6 launches in Q4. Sustenance sales grew … Read more

Kotak Mahindra Bank logs 6.7% growth in net advances in FY20

Kotak Mahindra Bank has logged rise in net advances to approximately Rs 219,500 crore as of March 31, 2020, a growth of around 6.7% as compared to Rs 205,695 crore as of March 31, 2019. The Bank’s total customer deposits also increased to approximately Rs 258,500 crore in March 31, 2020, a growth of around … Read more

Westlife Development’s arm introduces ‘Work From Home’ policy for restaurant management teams

Hardcastle Restaurants (HRPL), a Master Franchisee for West & South India operations of McDonald’s restaurants and a subsidiary of the Westlife Development, has introduced a unique ‘Work From Home’ policy for its restaurant management teams and the frontline crew, who are unable to go to work due to the nation-wide lock down. The move is … Read more

Roto Pumps resumes operation with limited manpower

Roto Pumps has received permission from District Administration to resume operations from April 06, 2020, with the limited manpower to ensure supply of the products to emergency service providers. The company’s most of the staff was continuing to work as per work from home policy of the company. Roto Pumps is an engineering company with … Read more

India Ratings affirms ratings of IndusInd Bank

India Ratings and Research (Ind-Ra) has affirmed IndusInd Bank’s Long-term Issuer Rating at ‘AA+’ with revised Bank’s outlook from Stable to Negative. The agency has also affirmed Short-Term Issuer Rating at ‘A1+’. The agency has also affirmed rating of bank’s Senior Unsecured redeemable Bonds worth Rs 2000 crore at ‘AA+’ with outlook revised to Negative … Read more