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Pfizer sets up drug development centre at Chennai's IIT Research Park
The centre integrates two essential functions under the export-oriented undertaking of Pfizer: Pharmaceutical Sciences (PharmSci) and Global Technology and Engineering (GT&E) Centre of Excellence.
 "Pfizer sets up drug development centre at Chennai's IIT Research Park")
Bombay HC allows Indiabulls Housing Finance appeal to quash FI
'We believe that the lodgment of the complaint against the petitioners and continuity of the proceedings, is an abuse of process of law', the high court said in its judgement
 "Bombay HC allows Indiabulls Housing Finance appeal to quash FI")
State Bank of India to raise $2 billion through overseas bonds in FY23
The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE
 "State Bank of India to raise $2 billion through overseas bonds in FY23")
Upskilling, reskilling of workforce topmost priority for India HR: Study
Mercer's 2022 Global Talent Trends study highlights that difficulty in hiring the right talent, at the right price, and in time remains a top concern in 2022
 "Upskilling, reskilling of workforce topmost priority for India HR: Study")
NTAGI meeting on vaccination for 5-12-year-olds inconclusive: Sources
Last month regulator had approved Serum Institute's Covovax and Biological E-made Corbevax, but at today's meet took no decision on expanding the programme for this lot
 "NTAGI meeting on vaccination for 5-12-year-olds inconclusive: Sources")
In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
 "In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent")
State govts' borrowings to be lower by Rs 50,000 crore in Q1: ICRA
During Apr 1-May 2 FY2023, only Andhra Pradesh (Rs 44 billion), Maharashtra (Rs 40 billion), Punjab (Rs 25 billion) and Haryana (Rs 15 billion) raised through State Development Loans (SDL)
 "State govts' borrowings to be lower by Rs 50,000 crore in Q1: ICRA")
India should take caution in introducing CBDC, says NCAER report
The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.
 "India should take caution in introducing CBDC, says NCAER report")
Hero MotoCorp Q4 profit falls 28%; revenue drops 14% to Rs 7,422 cr
The company's board has recommended a final dividend of Rs 35 per share
 "Hero MotoCorp Q4 profit falls 28%; revenue drops 14% to Rs 7,422 cr")
IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs
Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis
 "IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs")
Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding
According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.
 "Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding")
Traceable AI raises $60 mn in series B at at $450 mn-plus valuation
The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs
 "Traceable AI raises $60 mn in series B at at $450 mn-plus valuation")
SaaS firm Toplyne raises $15mn Series A led by Tiger Global, Sequoia
The team will use the funding to aggressively deliver on the product roadmap, and scale the data science, engineering, product, and design teams
 "SaaS firm Toplyne raises $15mn Series A led by Tiger Global, Sequoia")
RBI board approves Rajiv Ranjan as MPC member after Mridul Saggar retires
Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.
 "RBI board approves Rajiv Ranjan as MPC member after Mridul Saggar retires")
India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21
India ranks third worldwide for production in terms of volume and 14th by value, says commerce ministry.
 "India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21")
Rise Capital begin operations in India; appoints Anuj Mehta has India head
Rise Capital has already invested in two Indian startups, TradeX and SaveIn, both in the fintech space.
 "Rise Capital begin operations in India; appoints Anuj Mehta has India head")
TVS Motor April sales rise 24% to 295,308 units; exports increase 6%
TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022
 "TVS Motor April sales rise 24% to 295,308 units; exports increase 6%")
Fino Payments Bank promoters vote against reappointing chairman, others
The resolution to reappoint Mahendra Kumar Chouhan and Punita Sinha was voted down by 80% of shareholders of Fino Payments Bank, which included 100% of the promoter group
 "Fino Payments Bank promoters vote against reappointing chairman, others")
IDFC First Bank net profit at Rs 342 crore surges 168% in March quarter
Bank says the economic impact of the coronavirus is diminishing to help its asset quality, lending
 "IDFC First Bank net profit at Rs 342 crore surges 168% in March quarter")
RBI issues norms for compensation key managerial staff at NBFCs
Finance companies need to set up nomination and remuneration committee, which will oversee the framing, review and implementation of compensation policy with board approval