Profitability (Year-on-Year) (Comparison: Q3FY25 vs. Q3FY24) Net Profit: Increased by 20.89%, rising to ₹874 crore from ₹723 crore. Operating Profit: Grew by 27.30%, reaching ₹2,266 crore compared to ₹1,780 crore. Total Income: Improved by 13.07% to ₹8,409 crore from ₹7,437 crore. Interest Income: Increased by 15.16% to ₹7,112 crore from ₹6,176 crore. Net-Interest Income: Grew by 16.30% to ₹2,789 crore from ₹2,398 crore. Return on Assets (ROA): Improved to 0.93% from 0.86%. Return on Equity (ROE): Increased to 17.86% from 17.70%. Asset Quality (Comparison: 31.12.2024 vs. 30.09.2024 and 31.12.2023) Gross NPA Ratio:…
IDBI Bank Reports Financial Results for Q3 and Nine Months Ended December 31, 2024
Mumbai, January 21, 2025: The Board of Directors of IDBI Bank Ltd. met in Mumbai today and approved the financial results for the Quarter and Nine month Ended December 31, 2024. Operating Performance for Q3 of FY 2025 Net Profit improved by 31% in Q3 of FY 2025 to ₹1,908 crore as against net profit of ₹1,458 crore in Q3 of FY 2024. Operating profit improved…
Baroda BNP Paribas Mutual Fund Launches Energy Opportunities Fund to Tap into Energy Sector Growth
Mumbai, January 21, 2025 – Baroda BNP Paribas Mutual Fund has launched the New Fund Offer (NFO) of its Baroda BNP Paribas Energy Opportunities Fund that will open for subscription from January 21, 2025 toFebruary 4, 2025. This scheme enables investors to benefit from the expanding energy sector, as India transitions from a developing to a developed economy. It is said that “Energy is the…
Newgen Software reports Revenues from operations at Rs 1,057 cr in 9M FY’25, up 22% YoY, Profit after Tax at Rs 207 cr, up 41% in 9M FY’25
New Delhi, India – January 21, 2025 The management of Newgen Software Technologies Ltd. announced results for the quarter ended December 31, 2024 at its Board Meeting held on January 20, 2025. Commenting on the Company’s performance, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We continue to solidify our business and cultivate our customer relationships during the quarter. License…
IIM Sambalpur Hosts CEO Immersion Programme for Working Professionals
January 21, 2025; Mumbai: IIM Sambalpur, one of India’s premier management institutions, hosted a six – day CEO Immersion Programme for the Executive MBA 2024-26 and MBA for Working Professionals2023-25 batches at its Sambalpur campus. The programme aims to equip the batch with practical knowledge, industry trends, and leadership skills through direct interaction with seasoned professionals. As many as 100 executives from different industries participated…
SBI General Insurance Posts an Impressive 273% PAT Growth in 9M FY25
Mumbai; January 21, 2025: SBI General Insurance, one of India’s leading general insurance companies, has delivered a robust financial performance during the first nine months of FY25. The company reported a Profit After Tax (PAT) of INR 504 crore, reflecting an impressive year-on-year growth of 273%. The company’s strong performance is evident across key financial indicators. Its gross written premium (GWP) rose by 10.9%. The…
Pokiddo and Prasuk Jain Hospitality Ventures Unveil Pokiddo Junior, Mumbai’s Grandest 11,000 sq. ft. Indoor Play Zone
Mumbai, 21 January 2025: Pokiddo, the acclaimed global entertainment brand known for its thrilling trampoline parks, indoor adventure parks, family entertainment centres, and children’s activity centres, has teamed up with Prasuk Jain Hospitality to bring you something truly special. After winning hearts in Pune, Thane, and Delhi, Pokiddo is set to revolutionize children’s entertainment in India with the grand debut of Pokiddo Junior at Raghuvanshi…
UAE Ambassador Explores Business Collaboration Opportunities with Industries in Surat, India
Surat, Gujarat, New Delhi, 21 January 2025: His Excellency Abdulnasser Alshaali, UAE Ambassador to the Republic of India, visited Surat to strengthen bilateral ties and explore investment and trade opportunities. During the visit, Ambassador Alshaali participated in a business roundtable convened by the Southern Gujarat Chamber of Commerce and Industry (SGCCI), held in collaboration with the UAE-India CEPA Council. This meeting with close to 50…
INDIRA IVF Inaugurates New Facility in Bengaluru’s Sarjapur Road, Marking 9th Hospital
Bengaluru, 21 January 2025: Couples affected by infertility will no longer need to travel to distant cities for treatment. Indira IVF, the largest fertility treatment chain in India, has opened its state-of-the-art center on the 3rd floor of Coronet green, Bellandur Gate, Sarjapur road, Bengaluru. This facility brings advanced fertility care closer to the residents of Bengaluru and surrounding areas, reinforcing Indira IVF’s mission to…
Societe Generale India and Aseema Charitable Trust Mark 10 Years of Partnership with Vibrant Art Exhibition
The exhibition marks a decade of partnership between Societe Generale and Aseema, which strives to provide high-quality education to children from marginalised communities in Mumbai & Igatpuri. The event features 200 artworks by students from Aseema’s Room 13 Art Programme. This program, inspired by an original initiative in Scotland, encourages students to explore diverse artistic genres and express their creativity. Drawing inspiration from renowned artists…