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RBL Bank's gross advances up 3% at Rs 61,929 cr in FY22

Private sector lender RBL Bank on Wednesday said its gross advances grew by 3 per cent to Rs 61,929 crore in the last fiscal.

The bank had recorded gross advances worth Rs 59,983 crore in FY21. RBL Bank said the data is provisional, and it is being released ahead of the official announcement of the financial results for the quarter ended March 31, 2022.

ITC moves beyond plastic neutrality; managed over 54,000 tonnes in FY22

Diversified entity, ITC Ltd on Wednesday said it is accelerating its move to go beyond plastic neutrality, having sustainably managed more than 54,000 tonnes of plastic waste across India in 2021-22.

The company said its flagship solid waste management programme Well-Being Out of Waste' (WOW) has so far covered 1.8 crore citizens across 46.7 lakh households in India's large cities and small towns.

Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans

The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range this month amid rise in input costs.

Over the past year, the cost of the company’s vehicles continued to be adversely impac­ted due to increase in various input costs, the auto major said in a regulatory filing.

Coffee Day defaults Rs 480 crore on loan repayment, securities

Coffee Day Enterprises Ltd on Wednesday said it has defaulted a total of Rs 479.68 crore on repayment of loans and unlisted debt securities in the quarter ended March 31, 2022.

In a regulatory filing, the company said it has defaulted Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from banks and financial institutions, along with default in interest amount for the same at Rs 5.78 crore.

HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers

Hindustan Aeronautics (HAL) announced on Wednesday the signing of a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) to convert civil passenger aircraft to “multi mission tanker transport” (MMTT) aircraft in India.

For the past decade-and-a-half, the Indian Air Force (IAF) has been trying to buy six MMTT aircraft to supplement its eight obsolescent Russian Illyushin-78 refuellers. So dire is the IAF’s shortfall of refuellers that, to fly in its new Rafale fighters from France, it had to ask Paris for Airbus refullers to top up the Rafales’ fuel tanks over the Mediterranean Sea.

Reliance sets up free EV charging infra for employees in Mumbai campus

In a first, billionaire Mukesh Ambani's Reliance Industries Ltd has set up electric vehicle (EV) charging infrastructure at its Mumbai campus to allow employees to charge their EVs free of cost.

The company's HR on Wednesday sent mailers to employees informing about the Jio-bp pulse EV charging zone at its Navi Mumbai campus, Reliance Corporate Park (RCP).

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