The Tata group company reported an 86.25 per cent increase in consolidated net profit at Rs 637 crore for the June quarter. This is on a 34.15 per cent rise in revenue from operations at Rs 3,995 crore. The basic chemical segment logged a 41 per cent YoY growth while speciality products saw 17 per cent growth for the quarter.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk