Ganesh Narayanan Appointed MD & CEO of CreditAccess
CreditAccess Grameen Limited, India’s largest Non-Banking Financial Company–Microfinance Institution (NBFC-MFI), has announced the appointment of Mr Ganesh Narayanan as Managing Director and Chief Executive Officer for a five-year term, following approval from the Reserve Bank of India. Mr Udaya Kumar Hebbar has also been appointed as Non-Executive (Nominee) Director with effect from 5 August 2025. These appointments were previously approved by the company’s Board of Directors and shareholders at the Annual General Meeting, and have now been formalised with regulatory consent.Mr Ganesh N..
Tilaknagar Ups Stake in Craft Spirits Maker to 21.4 Per Cent
Tilaknagar Industries Ltd (TI), a leading Indian-Made Foreign Liquor (IMFL) manufacturer, has invested an additional Rs 107 million in Spaceman Spirits Lab Pvt Ltd (SSL), the producer of premium craft spirits. Of this, Rs 91.5 million forms part of the previously announced Rs 131.5 million investment under a September 2024 agreement. The remaining Rs 15.1 million has been used to purchase shares from some early SSL shareholders.Following this investment, TI’s shareholding in SSL has risen from 12.98 per cent to 21.36 per cent on a fully diluted basis. The agreement also grants TI the right t..
RITES Q1 Profit Up 7.9 Per Cent, Rs 4.5 Billion in Orders
RITES Ltd, a leading transport infrastructure consultancy and engineering firm, has reported its standalone and consolidated financial results for the quarter ended 30 June 2025. The company recorded a 7.9 per cent year-on-year rise in operational profit, driven by improved execution.In the first quarter of FY26, RITES secured over 150 orders worth Rs 4.51 billion, taking its total order book to Rs 87.9 billion as of 30 June 2025. The Board also declared an interim dividend of Rs 1.30 per share, amounting to Rs 625 million.On a consolidated basis, the company’s operating revenue stood at Rs ..
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