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Rainbow Children's Medicare's IPO subscribed 12.4x on institutional push

Institutional demand for IPOs of both Rainbow Medicare and Campus Activewear, which closed this week, have been strong. Experts say this is a healthy sign for LIC's IPO, which opens next week

IndusInd Bank Q4 net up 51% to Rs 1,401 cr on lower provisions, higher NII

Net interest income increased by 13% YoY and 5 per cent sequentially to Rs 3,985 crore

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

JM Financial elevates Sonia Dasgupta as CEO of investment banking

She succeeds Adi Patel and Atul Mehra who have been Co-Heads of Investment Banking business till date

Insurers allowed exposure to fin, insurance upto 30% of investment assets

Accordingly, the limit of 25% of investment assets stands revised to a limit of 30% of investment assets

DCC likely to meet on Friday to discuss pricing of 5G spectrum

DCC may discuss whether the issue of E band should be referred to the regulator to fix a base price in case it is auctioned

India's fertiliser subsidy may go up by 55% to record Rs 2.5 trillion

The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said

Shriram Transport Finance fourth quarter net profit up 44%, NII rises

The company's Net Interest Income increased by 22.16 per cent to Rs. 2,627.82 crore as against Rs. 2,151.12 crore.

PNB Housing Finance profit rises 33% at Rs 170 crore in March quarter

Its net interest income fell by 37 per cent in the reporting quarter to Rs 377 crore

SBI Life Insurance net profit jumps 26% in January-March quarter

The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21

Rainbow Medicare IPO subscribed 55% on second day of issue

The institutional portion was subscribed by 10 per cent, the retail investor portion by 82 per cent

Campus Activewear IPO subscribed 51.75 times as brokerages recommend buy

The company had fixed a price band of Rs 278-292 per share in the IPO

NCLT adjourns the insolvency plea against Future Retail to May 12

Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues

Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures

Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery

Indifi Technologies appoints former SBI Chairman Rajnish Kumar as advisor

Rajnish Kumar will engage with the management on the Indifi Technologies' growth strategy and provide guidance in the financial services sector.

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Campus Activewear subscribed 3.2x on day-2 in HNI, retail interest

Wealthy investor portion subscribed 5.6 times, retail by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13%

Rainbow Medicare subscribed 29% on Day-1 on retail interest

The multi-speciality hospital chain had allotted shares worth Rs 470 crore to anchor investors on Tuesday

Rs 79,000 crore of GST dues to states pending for FY22: Finance Ministry

It added that all dues had been paid for FY21. So far, it has released Rs 7.35 trillion to States, including the assistance released on a back-to-back basis

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period