Page 224 - Bs Reporter

Ola and Uber in merger talks; Bhavish meets Uber execs in US: Report

'Absolute rubbish. We're very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge,' tweets Ola CEO

Zee-Sony merger gets BSE, NSE nod after agreement signed last December

Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

Swiggy announces permanent work-from-anywhere policy for most roles

Corporate, central business and tech teams will converge once a quarter at their base locations for a week to promote in-person bonding; it's work from office for partner-facing employees

Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Bandhan Bank opens its first currency chest in Patna's Deedargunj

The bank plans to open more than 530 new bank branches across the country in this financial year

Markets regulator relaxes new exchange-traded funds' framework

Clause 2(IV)(A) under the new framework mandates all purchase and redemption orders directly placed with the fund house have to be greater than Rs 25 crore

Religare Finvest fund reroute: Sebi slaps Rs 60-cr fine on Singh brothers

The case relates to alleged siphoning of Rs 2,315 crore from RFL to benefit promoters and connected entities

PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22

Child, maternity products marketplace Nestery raises Rs 6 cr in funding

Start-up will use the funds to expand team, improve technology and generate original content

Colgate-Palmolive India's net profit declines 7.2% in April-June quarter

The company's PBIDT stood at Rs 327.9 crore in the quarter ended June, down 9 per cent compared to last year

Markets advance ahead of US Fed decision; Sensex rises 548 points

However, gains were capped as investors remained in wait and watch mode

Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

PM Modi to inaugurate regional centre of New Development Bank on July 29

The New Development Bank's regional office in GIFT City will identify projects with strong development impact

Mahindra Lifespaces' chairman Arun Nanda retires, successor named

Nanda joined the Mahindra Group in 1973 and has held several important positions within the group over the years

Hero MotoCorp selects Accenture to enhance supply chain, reduce costs

Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts

South Indian Bank net profit up 10-fold in Q1, asset quality improves

In Q1, South Indian Bank's gross advances saw a growth of 10.95 per cent compared to the same period last financial year

Equity management firm Qapita acquires ESOP Direct in all cash-deal

Pune-based ESOP Direct provides solutions in equity compensation

HDFC Bank opens special window offering 6.80% interest for NRE deposits

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore

Travel technology firm Spotnana raises $75 mn in Series B funding round

Spotnana said the Series B funding will help it in hiring and promoting its Travel-as-a-Service Platform