Roshni Nadar Malhotra becomes India’s third-richest individual after receiving a 47% stake in HCL Corporation and Vama Delhi from her father, Shiv Nadar. The succession move cements her majority control over HCLTech and HCL Infosystems.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.