Page 207 - Bs Reporter

Satya Nadella to visit India in Jan 2023, first in nearly 3-years

Nadella, was conferred with India's third highest civilian award, the Padma Bhushan earlier this year for his distinguished services

Wipro Consumer Care-Ventures invests in Indonesia based start-up, YOUVIT

The brand is focused on creating premium quality, yet affordable, products to support the daily lifestyle needs of the consumers

Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close

Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock

Major asset management companies report muted results in second quarter

Revenue from operations remains flat for HDFC AMC and Nippon Life AMC in the previous quarter

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

Risk to India's sovereign rating from external pressures limited: Fitch

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

Ambuja Cements allots 477-million warrants to Adani family firm

Ambuja Cement, now a part of Adani Cement, has issu­ed the warrants at a price band of Rs 418.87

ICICI Lombard Q2 net up 32% to Rs 591 cr on reversal of tax provision

Gross direct premium income up 17% to Rs 5,185 cr; combined ratio, which indicates underwriting discipline, stable at 105.1%

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers

PhonePe revenue up 138% to Rs 1,646 cr; losses narrow to Rs 671 cr in FY22

Better revenue was primarily driven by robust growth across all businesses; contribution margin grew to 88% from 84% the previous year

NSE floats consultation on index components ahead of HDFC-HDFC bank merger

Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased

Panel blames police for firing on 'unarmed' anti-Sterlite protestors

Faults them for shooting without warning, recommends a compensation of Rs 50 lakh to kin of the deceased, including Rs 20 lakh already paid

NCLT extends Reliance Capital debt resolution deadline to January

This is the third deadline extension as the lenders seek better offers from the bidders

SBI hikes interest rate on savings deposits above Rs 10 crore by 30 bps

The deposits will attract an interest rate of 3%, effective Oct 15. Balances up to Rs 10 cr to earn 2.7% interest

Hinduja Leyland Fin raises Rs 910 cr from qualified institutional buyers

The Company's board of directors approved the allotment of Issuance of 65 million equity shares of Rs 10 each at an issue price of Rs 140 per share aggregating to the total of Rs 910 crore

Electronics Mart soars 42% at close on debut after strong response to IPO

Shares worth Rs 766 crore changed hands on NSE; offering had garnered more than 72x subscription

Ex-Infosys president Ravi Kumar to join as president for Cognizant Americas

Kumar will be reporting directly to Brian Humphries, CEO Cognizant.

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event

IBM Consulting opens its eleventh client innovation center in India

The company has around 4,000 clients including government and corporate entities in critical infrastructure areas such as financial services, telecommunications, and healthcare

TN taking steps to withstand possible recession: State finance minister

"Governance is akin to playing a game of chess, where you have to plan at least two-three moves ahead. We plan things ahead for next six months as well as two years ahead," he said.