Page 209 - Bs Reporter

Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue

Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday

Ravi Kumar S resigns as president effective today, says Infosys

Kumar, worked with Infosys for almost 20 years, and led the Infosys Global Services Organisation across all industry segments.

Google launches Play Points rewards programme for users in India

Users earn points when they make purchases with Google Play, including in-app items, apps, games, and subscriptions

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

The combined cement capacity of these units will be 5 million tonnes per annum

Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

SBI revamps call centre, to offer 30 banking solutions in 12 languages

Customers can avail services related to accounts, ATM cards and Cheque book, Emergency services (ATM card or digital channel blocking), access to digital products and support, product information, etc

Indian insurance industry can be sixth largest globally: Irdai chairman

He also said that the regulator is working on Bima Sugam- a one stop shop, for all insurance products

DMRC would fall into a debt trap if it raises loans to pay DAMEPL: AG

The court has now given the Delhi Metro two weeks to work out the modalities for payment of the arbitration award to DAMEPL. The case will now be heard on October 31.

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit

The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech

While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies

The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore

New Jersey-based Amneal Pharma starts mfg operations for Indian market

The firm already has manufacturing units in four Indian cities, all of which are focused on the export market

Reliance Industries, Jio in talks to raise funds through foreign loans

The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world

Your next meal from Zomato may be delivered by CEO Deepinder Goyal

Goyal and other senior execs of the firm wear the official red Zomato t-shirt once a quarter and deliver orders, revealed Sanjeev Bikchandani of Naukri.com and an investor in Zomato

Shanghvi says will participate in Suzlon Energy's Rs 1,200-cr rights issue

The rights issue will open on October 11, closing on October 20

JSW Steel Coated Products gets LoI for National Steel and Agro Industries

NSAIL, which makes flat steel products such as cold-rolled coil, galvanised corrugated sheets, colour coil and pre-painted profile sheets, owes lenders over Rs 1,600 crore

TN governor approves ordinance banning online gambling, no clarity on ads

The state is likely to pass a bill in this regard to make it a permanent act in the upcoming assembly session starting on October 17

SpiceJet deposits TDS, Form 16 to be issued to staff in a fortnight

Airline says significant portion of PF contributions of all employees is also being credited and the remaining amount will be released shortly

A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

Electronics Mart IPO subscribed 72x on strong institutional interest

QIB portion subscribed nearly 170 times