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3 HDFC Bank Employees Arrested for Attempting Unauthorised Withdrawal from NRI Account

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Delhi Police on Tuesday said they have arrested 12 people including three HDFC bank employees for attempting to make an unauthorized withdrawal from a very high-value NRI customer of the bank.

The police said the accused hacked through internet banking and attempted to withdraw money using fraudulently obtained cheque book of the NRI customer.

“The accused procured an Indian mobile phone number identical to the USA’s mobile number of the account holder registered in the KYC,” Deputy Commissioner of Police (Cyber Crime) K.P.S. Malhotra said.

HDFC Bank had filed a complaint with the Cyber Crime Unit of Special Cell alleging that there are many unauthorized internet banking attempts noticed in one NRI bank account. The bank further alleged that all in all 66 attempts were made to access the the account through internet banking.

Based on this complaint, the police constituted a team that was tasked to identify the culprits on the basis of technical footprints and human intelligence.

Raids were conducted at 20 locations across Delhi, Haryana and Uttar Pradesh during which 12 people, including three HDFC bank employees, were arrested.

The three accused HDFC bank employees, including a woman, were involved in issuing the cheque book, updating the mobile phone number and removing the debt freeze of the account.

The accused have been identified as R. Jaiswal, resident of Ghaziabad, G. Sharma, resident of Ghaziabad, A. Kumar, resident of Greater Noida, A. Tomar, resident of Hapur, H. Yadav, resident of Ghaziabad, S.L. Singh, resident of Bulandshahar, S. Tanwar, resident of Gurugram, N.K. Jatav, resident of Jhansi and S. Singh, resident of Baghpat in UP.

The accused HDFC employees are D. Chaurasiya from Rai Bareilly, A. Singh from Gonda, and a female employee.

During interrogation, it was revealed that the main mastermind got the information that the said NRI account is dormant and has huge funds in it.

With the help of one female employee of HDFC, they got issued a cheque book of the said account and also got removed the debt freeze of the account.

Thereafter, the cheque book and the mobile phone came in the possession of R. Jaiswal, who distributed leaves of cheque book to his other accomplices for clearance with an understanding of sharing 50 per cent of the total money withdrawn from the account in lieu of giving consent to the bank over phone on behalf of actual account holder.

D. Chaurasiya and A. Singh (both employees of HDFC bank) had attempted to update the phone number linked in the KYC. Other associates had tried to login to the internet banking of the account for the purpose of transfer of money.

DCP Malhotra said that investigation is still in progress to unearth the whole conspiracy.

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Hatsun Agro Product Ltd. financial results for the quarter ended September 30, 2021

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Chennai (Tamil Nadu) [India], October 19 (ANI/NewsVoir): Hatsun Agro Product Ltd., India’s leading private sector dairy company announces its financial results for the quarter and six months ended September 30, 2021.

Highlights

Q2 FY22 Revenues up by 23.24% and H1 FY22 Revenues up by 22.02%

Q2 FY22 PAT up by 24.79% and H1 FY22 PAT up by 15.20%

FY22 vs FY21 comparison: Hatsun Agro Product Ltd. reported:

Sales registered in Q2 FY22 was Rs.1635.41 crores as against Rs.1326.99 crores in Q2 FY 21 registered a growth of 23.24%

Sales registered in H1 FY22 was Rs. 3180.12 crores as against Rs. 2606.27 crores in H1 FY21 registered a growth of 22.02%

PAT in Q2 FY22 was Rs. 82.09 crores as against Rs. 65.79 crores in Q2 FY 21 registered a growth of 24.79%

PAT in H1 FY22 was Rs. 140.42 crores as against Rs. 121.89 crores in H1 FY 21 registered a growth of 15.20%

Performance for the quarter and outlook

Commenting on the results, RG Chandramogan, Chairman, Hatsun Agro Product Ltd. said, “We are happy to report a decent growth in revenues albeit little shorter to our expectations, due to unprecedented Monsoon exceeding more than 10% from the normal, in the last few months, in the entire South India and Maharashtra.

These Markets account for 95% of our business. We are investing about Rs.450 Crores in our business across new manufacturing facilities to expand capacities in Ice Cream, Milk, Curd, Milk Products and Cattle Feed and also in distribution, Sales and Marketing before the end of FY 2022. We will have enough capacities in all our Divisions for FY 2022-23.”

Other Updates

Hatsun Agro Product signs power purchase agreement with Swelect Renewable Energy Private Limited

HAP has entered into a fresh agreement with Swelect Renewable Energy Private Limited for purchase of solar power under captive user model. This Solar project which is expected to be commissioned by February 2022 is estimated to provide HAP around 1.45 crore units of electricity, annually, resulting in cost savings of Rs. 3 crores.

Hatsun Agro Product Limited has already started consuming solar power from 01.10.2021 from the recently commissioned solar power plant by Swelect Sun Energy Pvt. Ltd.

The total consumption of Solar power by Hatsun Agro Product Limited from the above two projects alone will be around 3.70 crore units per annum and the total cost saving will be around Rs. 8.50 crores per annum.

Hatsun Agro Product Forays into Madhya Pradesh and West Bengal

Hatsun Agro Product Ltd. (HAP), a leading private sector dairy company in India, inaugurated “HAP Daily” outlets in Indore, Madhya Pradesh and Kharagpur, West Bengal. Known for their range of high quality milk products, HAP Daily, a neighbourhood retail outlet from Hatsun Agro Product Ltd., offers dairy products & icecreams at the convenience of the customers. With the launch of these stores HAP officially marks its presence in these states. In addition to the entire range of Arun Icecreams, these outlets will also retail other products from Hatsun such as Ghee, Skimmed Milk Powder and Dairy Whitener.

Arun Icecreams launches “Neapolitan Bar”

Arun Icecreams, widely popular for its delectable variety of ice creams that are made with real milk and cream, has launched an all new ice cream bar variant – “Neapolitan Bar”. Made of three distinct flavours Vanilla, Strawberry and Chocolate all layered together in one bar, the ice cream bar is a blend of three flavours for a perfect fun treat. The 60 ml bar is priced at Rs. 20/- and is available across retail outlets, supermarkets and HAP Daily outlets.

Hatsun Agro Product Ltd. (HAP) Is a leading private sector dairy player in India. HAP procures milk from select fine quality cattle collected directly from around 4,00,000 farmers, chosen with care. HAP follows quality standards certified by the prestigious ISO 22000. HAP’s portfolio includes: Arun Icecreams – South India’s leading ice cream brand, Arokya Milk – the country’s largest private sector milk brand, Hatsun Dairy Products – a rapidly growing, wide portfolio brand of dairy products, Ibaco – Premium chain of ice cream outlets enabling consumers create their own ice cream sundaes, Oyalo – New brand offering from Hatsun that dishes out delicious pizzas & Santosa – a fast growing cattle feed brand. HAP’s products are exported to 38 countries around the world.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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(This story has not been edited by PRESS24 NEWS staff and is auto-generated from a syndicated feed.)

 

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Oriental Hotels Q2 net loss narrows to Rs 4.83 crore

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Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021.


The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year.





Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing.


The company’s board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee.


Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.

(Only the headline and picture of this report may have been reworked by the PRESS24 NEWS staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

PRESS24 NEWS has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

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