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Sebi issues demand notice against Ex-NSE CEO Ravi Narain

On February 11, the market regulator had imposed a penalty of Rs 2 crore on Narain for lapses in governance practices at NSE.

ICICI Lombard net profit falls 9.5% in Q4, blames Covid and accounting rule

The company has proposed a dividend of Rs 5 per equity share for the financial year ended March 31, 2022

RBI says non-banks need approval to issue credit cards, lists more rules

Minimum net-owned fund mandated at Rs 100 crore; cards cannot be unilaterally upgraded.

TVS Motor announces £100 mn investment in UK's Norton Motorcycle

Company makes a commitment for additional funding on the sidelines of Boris Johnson's India visit

Mylo raises $17mn in series led by ITC, W Health Venture, Endiya Partners

ITC picks 10 per cent stake in company to expand its presence in the mother-and baby care segment

Fortis case: Sebi slaps Rs 24 crore penalty on Singh brothers, 7 others

The case pertains to misappropriation of funds by the erstwhile promoters and their related entities from Fortis Healthcare

L&T Infotech Q4FY22 net rises 17% YoY to Rs 638 cr, up 4% sequentially

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

Ineos Styrolution stock hits 20% lower circuit following OFS launch

The OFS announcement caught the market by surprise as the promoter holding in the company is at 75 per cent and no further divestment is required

Indian SaaS sector to clock $100 bn revenue by 2026: Chiratae-Zinnov study

The country is gearing to supersede China as the second largest SaaS nation in the next few years, the report says

IHCL announces launch of new Taj Hotel with branded residences in Chennai

Spread over 3.5 acres, complex is strategically located close to key business districts; it will have a luxury hotel with 235 keys and 123 Taj branded residences

Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore

The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.

Grasim tops Hurun sustainability league table on achieving 17 goals in 2021

Tech Mahindra was ranked second with a sustainability score of 46, followed by Tata Power and Wipro

Telegram launches host of new features to enhance user experience, privacy

These include custom notification sounds, custom mute duration, new auto-delete menu , web integration for BOTs, replies in forwarded messages, among other things

Use of blockchain for security and covenant monitoring becomes operational

To begin with, movable assets such as furniture, equipment, inventory and current assets such as portfolio of advances and receivables will be tracked at portfolio level, Sebi says

India has lost a visionary leader with demise of Sanmar's N Sankar: CII

Says Sankar worked tirelessly for over five decades in ensuring trust in business and leading by example in setting high standards for ethical business

Sanofi India names Rodolfo Hrosz managing director effective June 1

He will transition from being Sanofi's GM, Consumer Healthcare business in Brazil to the new role in India as soon as regulatory approvals are in place

Metropolis Healthcare to set up 1,800 collection centres in three years

The company is planning to add around 40 more Hitech centres during the current financial year

Sanmar Group's chairman N Sankar, 76, passes away after brief illness

He had held office in several public trade and industry bodies, Assocham, Indo-US Joint Business Council, Madras Chamber of Commerce and Industry, among others

GreenBase Industrial inks 200,000 sq feet industrial deal at Oragadam

The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development

HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions

The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.