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Rail Authorities, Operators, Leaders, Stakeholders and Partners to Discuss the Future of Rail in Asia Pacific
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RBI approves re-appointment of CS Ghosh as MD, CEO of Bandhan Bank

Read more about RBI approves re-appointment of CS Ghosh as MD, CEO of Bandhan Bank on Business Standard. The Reserve Bank of India (RBI) on 8 June 2021, granted approval for re-appointment of Chandra Shekhar Ghosh as the managing director and chief executive officer for a period of 3 years, with effect from 10 July 2021. ....

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Macrotech Developers aims to be a debt-free company in next three years


Realty firm Macrotech Developers is targeting to bring down its net debt to zero over the next three years from the current borrowing level of around Rs 16,000 crore, as it remains bullish on housing and warehousing segments despite the COVID-19 pandemic.
Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate firms in the country. It got listed on the stock exchanges last month after a successful launch of its Rs 2,500-crore initial public offering (IPO).
In an interview with PTI, the company s Managing Director and Chief Executive Officer Abhishek Lodha said the company s debt stood at around Rs 16,000 crore at the end of the financial year 2020-21. ....

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Birlasoft Q4 PAT gallops 43% YoY to Rs 99 cr


On a consolidated basis, Birlasoft s net profit rose 43.3% to Rs 98.98 crore on 0.5% fall in net sales to Rs 902.86 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax grew 23.4% to Rs 136.80 crore in Q4 FY21 as against Rs 110.86 crore in Q4 FY20. EBITDA stood at Rs 152.40 crore, up 5.5% QoQ & 30.5% YoY. EBITDA margin was at 16.9%, up 401 bps YoY.
In US$ terms, revenue stood at $123.3 million, up 3.2% QoQ. The company signed deals of total contract value (TCV) $326 million during the quarter. It signed deals of TCV $888 million during the year. TCV new deal wins of $429 million and renewals of $459 million for FY21. ....

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Ujjivan Financial slips after shareholders reject Samit Ghosh as MD & CEO


Ujjivan Financial Services fell 1.57% to Rs 204.10 after a special resolution to appoint Samit Ghosh as MD and CEO of the company was defeated as it didn t get the requisite share of votes.
As per the regulatory filing, the company had put to vote a special resolution to appoint Samit Ghosh as the managing director and chief executive officer of Ujjivan Financial Services for a period of 3 years w.e.f. 1 May 2021.
The proposal only garnered 70.5271% votes in favour while 29.4729% votes were casted against the proposal. Since this was a special resolution, it needs 75% votes in favour to be passed.
Another special resolution to approve the re-appointment of Abhijit Sen as an independent director of the company for a period of 5 years w.e.f. 13 September 2021, was also defeated. The proposal only garnered 70.5815% votes in favour while 29.4185% votes were casted against the proposal. ....

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