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Kotak Mahindra Bank to acquire 9.98% stake in KFin Tech for Rs 310 cr

KFin Technologies provides technology solutions across a broad spectrum of asset classes spanning mutual funds, alternative investment funds and pension funds

JSPL upgrades tracks with 5th generation auto tech for unmanned inspection

Aiming for production and inspection capacity of 1 million tonnes per annum

FloBiz raises $31 mn in Series B round led by Sequoia, Think Investments

Existing investors Elevation Capital and Beenext also participate along with host of angels

JM Financial Products to raise Rs 500 crore via first tranche of NCD issue

The issue will continue to help the company diversify borrowing and investor mix, says MD

Railway-focused skill development programme launched under PMKVY

The Rail Kaushal Vikas Yojana aims to train 50,000 candidates over next three years, will start with 1,000 candidates

Monsoon may not retreat from Northwest India by September: IMD

According to the IMD, withdrawal of the southwest monsoon from northwest India takes place if there is cessation in rainfall activity over the area for five continuous days

Yatra Online evaluates additional listing of Indian arm on Indian bourses

Move could unlock more value for US investors, provide a liquid stock that can be used for M&As in India, provide further capital to strengthen balance sheet

Paras Defence's Rs 171 cr IPO opens Sept 21, price band Rs 165-175

At the top-end, Paras Defence will have a market capitalisation of Rs 683 crore on a post-diluted basis

Sansera Engineering IPO subscribed 11.5x, gets bids worth over Rs 10,000 cr

Sansera's IPO was entirely an offer for sale worth Rs 1,283 crore. At the top-end of the price band, the company's market cap translates to Rs 3,823 crore

Hindustan Copper OFS sees tepid demand from non-retail investors

Offer received bids for 61.5 mn shares worth Rs 713 cr, most coming at an indicative price of Rs 116.12. A total of 96.7 million (10% stake) shares worth Rs 1,122 cr have been put on the block

Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others

Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers

MakeMyTrip sees 100% return to travel in pharma, realty, other corp sectors

Firm's recent market study says financial services, IT, consumer goods and auto are the laggards, may be the last ones to see a complete recovery in corporate travel

Startup Ayu Health raises $6.3 mn in funding for expanding services

Ayu got the Series A financing from Vertex Ventures and Stellaris Venture Partners

Digital farm advisory startup BharatAgri raises $6.5 mn in Series A round

BharatAgri offers farmers an app-based platform for AI-based agronomy services on a paid subscription basis

Sansera Engineering IPO fully subscribed, issue closes on Thursday

Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

TCS m-cap tops $200 bn, shares hit lifetime high of Rs 3,980 intra-day

The stock settles at Rs 3,955 at close, up 1.8% over previous close

Indian Banks' Association to steer 'EASE reforms' in public sector banks

EASE agenda is aimed at institutionalising clean and smart banking

Private lender RBL Bank resumes credit cards issuance to new customers

Plans to issue 1.2-1.4 million cards in the current financial year (FY22)

Uber launches bus service to help India's urban staffers get back to work

The 'Uber Corporate Shuttle' has safety a comprehensive set of safety measures; the service will run initially in Mumbai, Delhi and a few other cities