Page 223 - Bs Reporter

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Jitendra New EV inks pact with FAE Bikes to supply 12K e-scooters

FAE Bikes will offer these scooters on rent to EV customers

B2B SaaS start-up WebEngage raises $20 mn in Series B funding round

The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others

Maruti couldn't produce 51K units due to chip crunch in June qtr: CFO

The country's largest carmaker, which sold 467,931 vehicles during the June quarter, noted that the semiconductor shortage is a challenge in planning its production activities

WhatsApp bans 2.2 mn India accounts in June after abuse complaints

Monthly report is part of action under Information Technology rules

CCI approves RIL arm's acquisition of 50.1% stake in Sanmina-SCI India

Sanmina Corporation and RSBVL had inked an agreement in March to create a joint venture through investment in Sanmina's existing Indian entity (Sanmina SCI India)

Wheels India reports 6% rise in Q1 net profit as CV demand rises

Senior executive says 'early signs of slowdown in global economy'

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Cement firms to see lowest operating margins in seven years: ICRA

In FY23, the volume for the cement industry is expected to grow by 7-8 per cent to around 388 million metric tonne

Carborundum Universal's net profit rises 10% to Rs 85.99 crore in Q1

The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level

CARE Hospitals buy majority stake in United CIIGMA for around Rs 400 cr

The investment will allow CARE to have a presence in three Maharashtra cities. CARE's network spans 17 healthcare facilities in eight cities and six states of the country.

IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

Companies looking for candidates with digital skills and engineering graduates from smaller cities

Reliance Jio to pay Rs 70 crore to Tata Comm in two weeks: Supreme Court

The order asked Reliance Jio to pay Rs 147 crore to Tata Telecom as cable landing station usage charges

7.24 million income tax returns filed in one day, a record: CBDT

On July 31, 7.24 million ITRs had been filed, shattering all previous single-day records (the maximum being 4.9 million in 2019)

Indices end in green for fourth session in a row; Sensex gains 545 points

On Monday, the FPIs bought shares worth Rs 2,320 crore, according to provisional figures from exchanges

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

India's new mall space set to double in 2022, says Anarock report

In 2021 approximately 5.76 million square feet of retail real estate was created

Indian Bank posts 4% rise in net profit to Rs 1,311 crore in first quarter

Total income of the bank during the April-June quarter of 2022-23 also increased by 3 per cent to Rs 11,898 crore from Rs 11,553 crore in the year ago period

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

Sundram Fasteners' net profit rises 14.5% to Rs 138.03 cr during June qtr

The company's revenue from operations for the quarter ended June 30, 2022 came in at Rs 1,410.12 crore