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Slice Small Finance Bank turns profitable on monthly basis; targets IPO in 3–4 years

Slice Small Finance Bank turns profitable on monthly basis; targets IPO in 3–4 years

Time of India7 hours ago

Synopsis
North East Small Finance Bank had reported a Rs 441 crore loss in FY24. Slice was also in losses at a consolidated level. But as a bank, the company hopes to run profitably through FY26.

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VRL Logistics board to meet on July 4 to consider bonus share issue
VRL Logistics board to meet on July 4 to consider bonus share issue

Economic Times

time36 minutes ago

  • Economic Times

VRL Logistics board to meet on July 4 to consider bonus share issue

Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Skoda Sold Over 1800 Units Of Kushaq Every Month Since Launch
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NDTV

time39 minutes ago

  • NDTV

Skoda Sold Over 1800 Units Of Kushaq Every Month Since Launch

Skoda Auto India has registered the sales of 89,000 units of Kushaq since its launch on June 28, 2021. This means that on average, the brand sold 1,854 units of the compact SUV every month. As per the Society of Indian Automobile Manufacturers (SIAM), the model accounts for almost 77 per cent of the total SUV sales of the Czech brand. Manufactured at the Skoda Auto Volkswagen India's facility located in Chakan, Pune, the Kushaq boasts a localisation rate of 95 percent. It marked the inaugural product under the brand's India 2.0 initiative, utilizing the MQB A0 IN, a variant of Volkswagen's MQB platform tailored for the Indian market, which also forms the foundation for the Skoda Slavia, Skoda Kylaq, Volkswagen Taigun, and Volkswagen Virtus. Also Read: Tata Stealth Edition Launched In India At Rs 28.24 Lakh During its initial fiscal year (FY) of sales, FY22, the Kushaq registered sales of 21,427 units. This was followed by an impressive 25,300 units sold in FY23, marking it as the year with the highest sales so far. In FY24, Skoda India recorded 23,396 units sold of the Kushaq in the country, and in FY25, 17,363 units were sold. In the first two months of FY26, Skoda India has managed to sell just 1,427 units. The Kushaq, alongside the Taigun, was among the first vehicles to receive a complete 5-star crash test rating from Global NCAP under its revised and more rigorous testing standards. The Kushaq is offered with a choice of either a 1.0-litre turbo-petrol engine or a 1.5-litre turbo-petrol engine, which can be paired with a 6-speed manual, a 6-speed automatic, or a 7-speed dual-clutch automatic transmission. Skoda's compact SUV is offered at prices ranging from Rs 10.99 lakh to Rs 19.11 lakh (ex-showroom, India). It competes against models such as the Volkswagen Taigun, Hyundai Creta, Kia Seltos, MG Astor, Honda Elevate, and Tata Curvv.

Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice
Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice

Time of India

time39 minutes ago

  • Time of India

Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice

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