BS Reporter
BS Reporter
Page 86 - Bs Reporter%c2%a0
IT major HCLTech expands its global delivery footprint in Hyderabad
Located in the Hi-Tech City, the 320,000 sq ft facility will house 5,000 people and has received Gold Certification from the Indian Green Building Council
 "IT major HCLTech expands its global delivery footprint in Hyderabad")
Glenmark Pharma's US arm launches drug to treat blood clotting issues
According to IQVIA data for the 12-month period ending November 2024, the Vitamin K1 injectable emulsion USP, 10 mg/mL market achieved annual sales of approximately $19.7 million in the US
 "Glenmark Pharma's US arm launches drug to treat blood clotting issues")
Jio Financial Services, BlackRock joint venture sets up broking unit
The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"
 "Jio Financial Services, BlackRock joint venture sets up broking unit")
Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%
Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings
 "Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%")
CCI reviewing feedback on amendments to penalty recovery regulations
"The proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency," said CCI chairperson Ravneet Kaur
 "CCI reviewing feedback on amendments to penalty recovery regulations")
L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs
Its Net Interest Margin + Fees & Other Income stood at 10.33 per cent for Q3Fy25 down from 10.93 per cent in Q3Fy24, according to Analysts presentation
 "L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs")
Sebi considers expanding SSE to attract more non-profit organisations
Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public
 "Sebi considers expanding SSE to attract more non-profit organisations")
Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore
The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year
 "Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore")
Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore
The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year
 "Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore")
Union Budget 2025-26: Here are the key challenges in the telecom sector
Digital ecosystem growth is facing the increasing risk of cyberattacks on consumers and enterprises alike
 "Union Budget 2025-26: Here are the key challenges in the telecom sector")
RBI Guv's crafted statements boosted confidence during adverse times
The study highlighted that effective communication goes beyond being clear, understandable, and engaging
 "RBI Guv's crafted statements boosted confidence during adverse times")
SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund
Union Mutual Fund (MF) on Friday announced the launch of a short duration fund, a debt MF offering which will invest in short-term debt instruments
 "SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund")
Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets
During April to December 2024, CIL recorded a production of 543.4 mt, a growth of 2.2 per cent over the same period last year
 "Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets")
India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low
Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million
 "India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low")
Indian companies raised Rs 3.64 trn through ECB route in 2024
It is the is the highest amount raised in the last five years through that route
 "Indian companies raised Rs 3.64 trn through ECB route in 2024")
Punjab National Bank, Indian Bank get new chief executive officers
He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022
 "Punjab National Bank, Indian Bank get new chief executive officers")
Govt highlights new initiatives for a progressive, self-reliant India
The Union Cabinet also approved the construction of a third launch pad at Isro's space centre in Sriharikota with an investment of Rs 3,984 crore
 "Govt highlights new initiatives for a progressive, self-reliant India")
Tata Sons' de-registration application under consideration, says RBI
On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25
 "Tata Sons' de-registration application under consideration, says RBI")
RBI liberalises Fema rules to facilitate cross-border transactions
The RBI has also allowed non-resident Indians to use such balances for foreign investments, including foreign direct investment (FDI) in non-debt instruments
 "RBI liberalises Fema rules to facilitate cross-border transactions")
Shriram Life unveils Sunishchit Laabh, a non-participating savings plan
The plan features flexible maturity income payout options, including tax-free payouts for up to 40 years
 "Shriram Life unveils Sunishchit Laabh, a non-participating savings plan")