BS Reporter
BS Reporter
Page 204 - Bs Reporter
India Cements posts Q2 loss of Rs 113 cr on input cost spike, lower volumes
Revenue from operations up 7% YoY; firm had posted Rs 30 cr profit a year ago
 "India Cements posts Q2 loss of Rs 113 cr on input cost spike, lower volumes")
Airtel CEO Gopal Vittal elected deputy chair of GSMA for two years
Member companies selected 26 board members for 2023-24 which include senior executives from mobile operators
 "Airtel CEO Gopal Vittal elected deputy chair of GSMA for two years")
Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban
Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted
 "Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban")
Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more
 "Bandhan Bank offers 7.5% interest rate on retail FDs for limited period")
Britannia stock jumps 10%; NSE H1FY23 consolidated PAT jumps 53%
NSE has almost a monopoly in the equity derivatives segment and 93 per cent market share in the equity cash segment
 "Britannia stock jumps 10%; NSE H1FY23 consolidated PAT jumps 53%")
Customer protection the core of new RBI microfinance rules: Dy governor Rao
These measures, along with a cap on repayment obligations and steps to check over-indebtedness introduced by the regulator, will eventually bring down interest rates for the borrowers, he says
 "Customer protection the core of new RBI microfinance rules: Dy governor Rao")
IOB Q2 net up 33% to Rs 501 cr, total income rises 15% to Rs 5,852 cr
Gross NPA down 6% during the quarter, net NPA up 11%; ratios improve in both spaces; lender came out of RBI's Prompt Corrective Action (PCA) on September 29, 2021
 "IOB Q2 net up 33% to Rs 501 cr, total income rises 15% to Rs 5,852 cr")
Twitter founder Jack Dorsey apologises to employees amidst layoffs
Former Twitter Inc. Chief Executive Officer Jack Dorsey said he regrets growing the company too quickly as the social media platform downsizes following its recent sale to Elon Musk
 "Twitter founder Jack Dorsey apologises to employees amidst layoffs")
India's foreign exchange reserves jump $6.5 billion to $531 billion
The increase in reserves is mainly due to a rise in foreign currency assets that went up by $5.7 billion during the week
 "India's foreign exchange reserves jump $6.5 billion to $531 billion")
TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks
Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show
 "TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks")
US treasury secy Janet Yellen to visit India on Nov 11 for EFP dialogue
Yellen will meet with tech sector haeds, visit Microsoft India Development Center, and hold a bilateral meeting with FM Sitharaman
 "US treasury secy Janet Yellen to visit India on Nov 11 for EFP dialogue")
K V Kamath is independent director of RIL, non-exec head of financial arm
Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme
 "K V Kamath is independent director of RIL, non-exec head of financial arm")
Fusion microfinance subscribed 3x on Day-2 on strong institutional support
Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times
 "Fusion microfinance subscribed 3x on Day-2 on strong institutional support")
AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park
The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy
 "AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park")
For first time in decades, cash in circulation dips in Diwali week: Study
Technology changing how Indians make payments; trend will help monetary transmission: SBI Research
 "For first time in decades, cash in circulation dips in Diwali week: Study")
Fear and anxiety rampant at Twitter India as Musk starts downsizing
People in the know described the mood within the India development centres and across all segments as "very fearful", with people not sure if they will have a job or not
 "Fear and anxiety rampant at Twitter India as Musk starts downsizing")
Relief to IndiaMART subsidiary Busy Infotech in intellectual property case
Legal action taken against violation of intellectual property rights by Xpert Tricks Softwares & others for commercial gains
 "Relief to IndiaMART subsidiary Busy Infotech in intellectual property case")
Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter
Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,
 "Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter")
Global Health IPO subscribed 26%; Five Star IPO to open on Nov 7
The IPO of Bikaji Foods subscribed 67 per cent on Thursday, the first day of the issue
 "Global Health IPO subscribed 26%; Five Star IPO to open on Nov 7")
DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec
Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India
 "DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec")