Page 216 - Bs Reporter

Tamilnad Bank IPO subscribed 1.5x on Day 2, issue closes Wednesday

The priced band for the IPO is Rs 500-525 per share

IDBI Bank re-appoints S Jebaraj as deputy MD for 3 years effective Sept 20

Jebaraj handles verticals for large and mid-sized corporates, trade finance and NPA management and he has been a member of internal committees for more than a decade, said IDBI Bank

Deepak Parekh, Anil Ambani among corporate leaders to pay tribute to Mistry

Family friend and NCP leader Supriya Sule joins hundreds of SP group employees and others at the funeral Tuesday morning. Reliance Jio chief Akash Ambani among mourners

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Fintech platform GroMo raises $11mn in series A led by SIG Venture Capital

Other investors include Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, Hauz Khas Ventures and a host of angels

Fintech start-up FinAGG raises $3mn in funding to expand business

Company seeks to gain from increasing global supply chain financing volumes

B2B food processing start-up Suite42 raises $4.3 mn in seed funding

Suite42 says its technology helps clients to make fair price discovery, reduce processing cost

Sameer Khetarpal joins Jubilant FoodWorks as CEO, managing director

During his 25 year-long career, he has worked in e-commerce and management consulting

Reliance Power, subsidiary to raise up to Rs 1,200 cr from Varde Partners

Debt will be used for settlement and discharge, acquisition and restructuring of financial instruments, says company

Cyrus Mistry's funeral to be held on Tuesday morning in Mumbai

Mistry is survived by his wife Rohiqa, sons Firoz and Zahan, mother Patsy Mistry, sisters Laila Rustom Jehangir and Aloo Noel Tata, and brother Shapoor Mistry

Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO

Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close

CCI clears PayU's $4.7 billion BillDesk acquisition after a year

BillDesk, founded in 2000, is an Indian success story and one of the leading payment businesses in the country

Maharashtra state bank employees union protests govt loan melas

The federation's secretary, said in a statement the Congress government before "distributed hundreds of crores" by organising loan melas and now the present government is on the same lines

Actor Ranveer Singh joins Indian startup story, invests in SUGAR Cosmetics

Some of the investors backing SUGAR include L Catterton, A91 Partners, Elevation Capital and India Quotient

YES Bank hikes interest rate on NRE, FCNR fixed deposits as norms are eased

RBI has taken several steps such as exempting banks from maintaining CRR and SLR on incremental NRE and FCNR (B) deposits, in order to attract dollars and protect the rupee

Gujarat riots case: Teesta Setalvad gets interim bail from Supreme Court

She was arrested by the Gujarat Police for allegedly fabricating documents to frame high-ranking officials in the 2002 Gujarat riots cases

NDTV open offer date 'indicative', subject to Sebi nod: Adani Enterprises

The clarification came days after the company said its open offer for a 26 per cent stake in NDTV would tentatively open on October 17

SAT dismisses plea opposing Tamilnad Mercantile Bank's Rs 830 cr IPO

Three shareholders of TMB had sought a stay on the share sale, aggrieved by TMB's decision to drop the OFS component

RBI to run pilot for digitising Kisan Credit Card lending in MP, Tamil Nadu

Project aims to prune costs and turn-around time for borrowers, will entail automation of various processes within banks and integration of their systems with those of service providers

Simpolo raises $66 million from Motilal Oswal and India SME-managed fund

Simpolo group said that it would aim to use the funds to increase the market share and grow penetration in the market, both domestic and international