Page 188 - Bs Reporter

SBI raises MCLR by 10 bps; increases deposit rates in some buckets

Lender announces decision after central bank last week raised the repo rate to 6.50%

Three Adani stocks could face MSCI axe in May as sell-off tops $400 mn

The stocks on watch are Adani Power, Adani Total Gas and Adani Transmission; analyst says Adani Green Energy may also get deleted from index

Grasim Q3 PAT up 44% to Rs 2,516 cr on strong show by Ultretech, AB Capital

Revenue rises 17% to Rs 28,638 cr; cheaper imports from Indonesia create pressure on domestic prices

Apollo Hospitals Q3 results: Net profit declines 33% to Rs 153 crore

Revenue of existing hospitals grew 9 per cent, while the new hospitals grew by 8 per cent

Loans on debit cards to be governed by digital lending guidelines: RBI

Payment aggregators that work as LSPs have to comply with digital lending guidelines

Congress leader moves SC for probe on Adani Group on Hindenburg charges

Also wants LIC and SBI probed for participating in Adani Enterprises FPO; says investors lost Rs 10 trillion following 50% decline in prices of group firm stocks

High ULIP sales, annuity products' repricing squeezed LIC margins

Analysts expect modest RoEV given lower margin profile than private peers

Baring Private Equity Asia sells 10% stake in Coforge through a block deal

According to bulk details data available with the National Stock Exchange, Baring PE sold a total of 6 million shares at a price of Rs 4,050 apiece

Financial services firm KFin Technologies reports 79% profit growth in Q3

Total income rises 14% to Rs 194 crore while expenses declined 4.8% to Rs 123 crore

MapmyIndia invests in drone firm Indrones to expand customer offering

Geospatial software company buys 20% stake in start-up that has developed technologies for data collection

JCB to enter mass segment to achieve 30-fold spike in card base in 5 years

The firm has reached the milestone of issuing one million Rupay JCB cards in India

575 small firms hiring employees laid off by tech giants: Report

India third in global tech-hiring geographies; USA and European Union lead

Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

The private equity firm has hired IIFL to seek investor interest in the deal and has offered up to 7% discount to the Friday closing market price of Rs 4,348 a share

Tripura Assembly election: 45 candidates crorepatis, says report

Of the 259 hopefuls contesting the Tripura Assembly polls, 45, or 17%, are crorepatis

Bank credit grows at 16.3% to Rs 133.41 trillion, shows RBI data

It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but subsequently picked up as the base effect eased out

Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore

The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)

NSE removes Adani Ports, Ambuja Cements from surveillance framework

Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday

Crown Worldwide opens third phase of records management centre in Chennai

With the completion the 3rd phase at an investment of $2 million, the unit now has a storage capacity of over 1.8 million standard carton equivalent (SCEs), with additional 40,000 SCE of vault storage

'Misconceived, no merit': SC dismisses Hindu Sena plea to ban BBC

Court separately seeks centre's response on petitions challenging orders blocking BBC documentary's screening

HCLTech named Titanium member at Intel awards for second straight year

Indian firm gets US tech giant's highest level of recognition technical innovation in computer networks