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AI startup Myelin Foundry raises $4 mn in round led by SIDBI Venture Cap

Company says it will use money to expand in international markets and strengthen technology

Truecaller adds 23.3 million users in India during first quarter of CY24

Net sales of the company increased by 8 per cent in India reaching SEK 316.8 million in the first quarter, compared to SEK 292.2 million in the corresponding quarter of the previous year

JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared

The company said, total net generation for the quarter was up 26 per cent to 6.4 billion units and net debt as on March, was at Rs 26,636 crore

Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore

As on March 31, 2024, the company's gross non-performing assets (NPA) were 3.95 per cent of gross advances, compared to 5.95 per cent during the same period in 2023

Coromandel expands agtech footprint, increases shareholding in Ecozen

With this, Coromandel has increased its shareholding in Ecozen to 5.54 per cent, an increase of 3.13 per cent. Ecozen is known for its innovative and sustainable solutions

Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr

Standalone net profit at Rs 4,133.3 cr, is up 18.24 per cent year-on-year on the back of healthy loan growth and rise in fee income

GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers

Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale

Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense

Bank in advance stages of submitting new CEO names to RBI

South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore

The bank's gross non-performing asset in Q4 FY24 came down by 64 basis points from 5.14% to 4.50%

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

Truck rentals tepid, commercial vehicle sales skid in April, says report

'Seasonal fruits, including mangoes, kept some hubs busy. While there was a decline in truck rental, the fleet occupancy remained around 70 per cent'

SC refuses to accept govt application on 2012 2G spectrum allocation

Application 'misconceived' and there is no 'reasonable cause' for entertaining it, says court registrar

Asirvad MFI gets Sebi approval for IPO; JNK India surges 67% on debut

The company is also venturing into the renewable energy sector, focusing on green hydrogen production, hydrogen fuel stations, and solar photovoltaic projects.

Sebi probing Linde India for related party transaction violation

Sebi will be considering punitive measures once the ongoing investigation reaches its conclusion. The regulator has issued summons to key personnel and independent directors of the firm

AU Small Finance Bank stock rallies over 6% on universal banking hopes

The central bank has laid down qualitative criteria of a satisfactory five-year track record, which will be evaluated post-application made by SFBs

Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore

NSEIT is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking

InGovern raises concern over Triveni Engineering's stake buy in Sir Shadi

The proxy advisory firm has said the Securities and Exchange Board of India (Sebi) should appoint an independent valuer to determine the fairness of the offer price of TEIL

Vedanta gains 4% following analysts' upgrade; Motilal Oswal announces bonus

Volume growth and cost efficiencies in the aluminium business saw Vedanta post operating profit (Ebitda) of nearly Rs 9,000 crore for the March 2024 quarter thanks to margin improvement

Indices snap 5-day winning run: Sensex ends over 600 points lower

The combined market capitalisation of all BSE-listed firms stood at Rs 404 trillion

Nawaz Modi Singhania removed from boards of 3 Raymond Group firms

Their shareholders wrote to the companies that they lost confidence in Singhania as a Director and requested to convene a shareholder meeting to remove her from the boards, the statements said