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Business News/ Companies / Companies News Today Live Updates on October 17, 2024: RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations
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Companies News Today Live Updates on October 17, 2024: RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations

21 min read . Updated: 17 Oct 2024, 08:43 PM IST
Livemint

Companies News Today Live Updates on October 17, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violationsPremium
Companies News Today Live Updates: RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
17 Oct 2024, 08:43:10 PM IST

Company Business News Today Live: RBI bars Sachin Bansal's Navi Finserv, three other NBFCs from lending over pricing violations

  • The RBI has barred Navi, DMI, Asirvad, and Arohan from issuing new loans, citing excessive interest rates and non-compliance with regulatory norms.
Read the full story here

17 Oct 2024, 08:38:09 PM IST

Company Results Today Live: Infosys beats Wipro as European clients spur growth

  • Infosys outpaced Wipro in the September quarter, driven by strong demand from European clients, particularly in banking. The company also lifted its growth guidance, raising expectations for India's IT services sector. Wipro also saw growth but gave a disappointing outlook.
Read the full story here

17 Oct 2024, 07:30:52 PM IST

Top Company Leader Today Live: Byju Raveendran plots an edtech comeback in new avatar

  • Raveendran said investors had backed every move of the company, and that they shared the blame for the company's current debacle
Read the full story here

17 Oct 2024, 07:27:06 PM IST

Company Business News Today Live: RoCs tighten CSR enforcement; over a dozen businesses get penalty orders so far this year

  • Implementation of the penalty provision, which was given effect in January 2021, has picked up pace.
  • Some firms were penalised for procedural violations related to reporting, others for delays in transferring unspent amounts not related to CSR projects to state-designated funds on time.
Read the full story here

17 Oct 2024, 07:03:09 PM IST

Company News Today Live: AI won't fix the “broken-trip” experience in travel: Skyscanner CEO

  • AI may improve travel planning but won't address core travel experience issues, says Skyscanner's CEO. He points to India's millennials opting for flights and stresses the need for coordinated policies to unlock the country's travel potential.
Read the full story here

17 Oct 2024, 06:49:31 PM IST

Company Business News Today Live: Air India flight from Mumbai to London declares emergency

  • An Air India flight from Mumbai to London declared an emergency on Thursday after issuing a 'squawking 7700' signal.
Read the full story here

17 Oct 2024, 06:47:20 PM IST

Company News Today Live: Adani Enterprises raises $500 million primary equity to further its growth plans

  • Adani Enterprises raises $500 million primary equity to further its growth plans
Read the full story here

17 Oct 2024, 05:10:01 PM IST

Company News Today Live: Pushed by finance ministry, ONGC to cut down on arbitration, use IIAC services

  • The PSU will not engage in arbitrations in public procurement contracts if the disputed amount exceeds ₹10 crore, days after peer Oil India said it would opt out of this expensive dispute resolution process following a finance ministry advisory.
Read the full story here

17 Oct 2024, 05:08:30 PM IST

Company Results Today Live: Havells Q2 results: Net profit rises 7.5% to ₹268 crore, revenue up 16% YoY

  • Havells Q2 net profit rises 7.5 pc to ₹268 crore
Read the full story here

17 Oct 2024, 04:28:39 PM IST

Company Results Today Live: LTIMindtree Q2 Results: Net profit rises 7.7% on year to ₹1,251 crore; declares interim dividend

  • LTIMindtree Q2 Results: Net profit rises 7.7% on year to ₹1,251 crore; declares interim dividend
Read the full story here

17 Oct 2024, 04:27:05 PM IST

Company Results Today Live: Indian Overseas Bank Q2 results: Profit rises 24% to ₹777 crore, income up 22% YoY

  • Indian Overseas Bank Q2 profit rises 24 pc to ₹777 cr
Read the full story here

17 Oct 2024, 04:23:17 PM IST

Company News Today Live: Nestle India says it will soon launch Cerelac variants with no refined sugar

  • A study published in April said that Nestle added sugar to its Cerelac products in India and other developing markets but not in the European Union and the UK.
Read the full story here

17 Oct 2024, 04:06:49 PM IST

Company Results Today Live: Wipro Q2 results: Net profit surges 21% to ₹3,209 crore, revenue at ₹22,301 crore

  • Wipro Q2 results: Net profit surges 21% to ₹3,209 crore, revenue at ₹22,301 crore
Read the full story here

17 Oct 2024, 04:04:25 PM IST

Top Company Leader Today Live: ‘I beg people to not inject…’: Zoho CEO counters Mohandas Pai's claims of Centre's neglect towards

  • Zoho CEO Sridhar Vembu counters Mohandas Pai's claims that the central government is neglecting South India in development
Read the full story here

17 Oct 2024, 03:52:39 PM IST

Company Results Today Live: Axis Bank Q2 Results: Net profit rises 18% on year to ₹6,917.57 crore

  • Axis Bank Q2 Results: Net profit rises 18% on year to ₹6,917.57 crore
Read the full story here

17 Oct 2024, 03:51:35 PM IST

Company Results Today Live: Infosys Q2 Results: Net profit rises 4.7% to ₹6,506 crore, revenue up 5% YoY; dividend declared

  • Infosys Q2 Results: Net profit rises 4.7% to ₹6,506 crore, revenue up 5% YoY; dividend declared
Read the full story here

17 Oct 2024, 03:19:35 PM IST

Company Results Today Live: Central Bank Q2 Results: Net profit surges 51% to ₹913 crore, NII up 13% YoY

  • Central Bank of India Q2 profit surges 51 pc to ₹913 cr
Read the full story here

17 Oct 2024, 12:30:19 PM IST

Company Results Today Live: Nestle India Q2 Results: Net profit rises 8.6% to ₹986 crore; revenue up 1.3% YoY

  • Nestle India’s revenue from operations in Q2FY25 increased marginally by 1.3% to ₹5,104 crore from ₹5,037 crore a year ago.
Read the full story here

17 Oct 2024, 12:14:15 PM IST

Company Business News Today Live: McKinsey cuts hundreds from China workforce

  • The consulting firm is cutting back on state-linked clients and is working to separate its China operations
Read the full story here

17 Oct 2024, 11:15:32 AM IST

Company Results Today Live: Mphasis Q2 Results Live: Profit Rises by 8.01% YoY

  • Mphasis Q2 Results Live: Revenue increased by 7.92% YoY & profit increased by 8.01% YoY
Read the full story here

17 Oct 2024, 11:15:27 AM IST

Company Results Today Live: Accelya Solutions India Q1 Results Live: Profit Rises by 2.96% YoY

  • Accelya Solutions India Q1 Results Live: Revenue decreased by 0.13% YoY & profit increased by 2.96% YoY.
Read the full story here

17 Oct 2024, 11:15:18 AM IST

Company Results Today Live: L&T Technology Services Q2 Results Live: Profit Rise by 1.33% YOY

  • L&T Technology Services Q2 Results Live: Revenue increased by 7.81% YoY & profit increased by 1.33% YoY.
Read the full story here

17 Oct 2024, 11:15:09 AM IST

Company Results Today Live: Bajaj Auto Q2 Results Live: Profit Falls by 31.42% YOY

  • Bajaj Auto Q2 Results Live: Revenue increased by 22.23% YoY & profit decreased by 31.42% YoY
Read the full story here

17 Oct 2024, 11:15:00 AM IST

Company Results Today Live: CRISIL Q3 Results Live: Profit Rises by 12.87% YoY

  • CRISIL Q3 Results Live: Revenue increased by 10.32% YoY & profit increased by 12.87% YoY
Read the full story here

17 Oct 2024, 11:14:55 AM IST

Company Results Today Live: Morarka Finance Q2 Results Live: Profit Falls by 10.03% YOY

  • Morarka Finance Q2 Results Live: Revenue increased by 32.11% YoY & profit decreased by 10.03% YoY.
Read the full story here

17 Oct 2024, 10:14:51 AM IST

Company Results Today Live: Gujarat Hotels Q2 Results Live: Profit Falls by 21.51% YOY

  • Gujarat Hotels Q2 Results Live: Revenue increased by 7.09% YoY & profit decreased by 21.51% YoY.
Read the full story here

17 Oct 2024, 10:14:48 AM IST

Company Results Today Live: MRP Agro Q2 Results Live: Profit Rises by 91.66% YOY

  • MRP Agro Q2 Results Live: Revenue increased by 8.36% YoY & profit increased by 91.66% YoY.
Read the full story here

17 Oct 2024, 08:31:25 AM IST

Company Results Today Live: Q2 Results Today: Infosys, Wipro, Axis Bank, LTIMindtree, among 36 companies to declare earnings on October 17

  • Q2 Results Today: Infosys, Wipro, Axis Bank, LTIMindtree, Nestle India, Tata Chemicals, Tata Communications, Indian Overseas Bank, Havells India, Jindal Stainless and Polycab India are among companies that will declare Q2 results today.
Read the full story here

17 Oct 2024, 06:30:52 AM IST

Company Results Today Live: Wipro Q2 Results Preview: Revenue to drop 2% YoY, EBIT margin likely flat on wage hike impact; bonus issue eyed

  • Wipro Q2 Results Preview: D-Street analysts and domestic brokerages have estimated decent net profit growth for the leading IT major; however, margin and revenue are likely to be flat due to softer deals and the impact of the one-month wage hike
Read the full story here

17 Oct 2024, 06:30:17 AM IST

Start-ups Today Live: Startups may rescue campus hiring this year as they ramp up placement targets

  • For startups, this marks a U-turn from the last two years when the industry contracted out its hiring to cut costs. That also contrasts with the overall sentiment as colleges expect the placement season to be slow.
Read the full story here

17 Oct 2024, 06:21:22 AM IST

Company News Today Live: Temasek picks 17-18% stake in VFS Global for $950 million

  • The deal values the visa outsourcing and technology services company at $5 billion in equity and $7 billion in enterprise value.
Read the full story here

17 Oct 2024, 06:19:25 AM IST

Company Business News Today Live: Haldiram's promoters now offer a smaller bite to investors

  • The family is now looking to offload 10-15% stake against the initial plan to sell a majority holding to global investors
Read the full story here

17 Oct 2024, 05:30:16 AM IST

Company Business News Today Live: Vodafone Idea to offer 5G in Mumbai, Delhi by Dec, pricing strategy under works

  • The carrier will have 15,000 5G sites by April, major cities in 17 circles to be covered. Vi is also considering fixed wireless access to monetize 5G
Read the full story here

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