IL&FS exposure drags profit growth of Bandhan Bank

IL&FS exposure drags profit growth of Bandhan Bank

Private sector lender Bandhan Bank reported a lower-than-expected 10.3% growth in net profit to ₹331.26 crore for the quarter ended December as it classified loans given to troubled infrastructure developer IL&FS Group as non-performing.

Tata Power’s JV inks agreement with PIXII

Tata Power’s JV inks agreement with PIXII

TPDDL, a joint venture(JV) between Tata Power and the Government of NCT of Delhi, has inked an agreement with Norwegian company PIXII to explore use of distributed pole-mounted storage for a resilient and sustainable distribution grid.

Tata, JSW enter race for IL&FS’ renewable energy

Tata, JSW enter race for IL&FS’ renewable energy

Tata Power, Torrent, JSW Energy, Greenko, Sterlite Power and Statcraft are among the 15-plus applicants who have submitted their expressions of interest (EoIs) for IL&FS group’s renewable energy assets worth Rs 8,000 crore — the second largest vertical after roads.