Page 226 - Bs Reporter

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

Govt slashes windfall tax on petrol, diesel, ATF as crude oil prices drop

Effective from July 20, Rs 6 a litre tax on petrol export has been completely scrapped

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort

The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies

Ukraine's invasion, economic crisis main concerns for Indians: Kantar rpt

In India, 37 per cent of respondents mentioned the war, followed by 29 per cent, who mentioned economic issues as their top concern

Marriott signs pact with BeeKay Group to launch 5 hotels in Jharkhand, WB

With this multi-agreement signing, the hotel chain is looking to urbanize and enter emerging business locations

L&T Realty plans expansion for growth, signs $1-billion projects in Mumbai

This development is part of the L&T Realty's larger plan to strengthen its footprint in major metros by adding around 5 million sqft per year over the next five years.

Merger with HDFC to help tap home finance opportunity: HDFC Bank chairman

A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman

L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals

Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22

Vikram Limaye's tenure ends at NSE, sources say no successor named yet

NSE had started MD & CEO selection process in March. Vikram Limaye was eligible for another five-year term but opted out

A deep dive into the success of Gujarat's school education model

Under the Gyankunj Project, over 15,000 smart classrooms have been built across Gujarat, according to MIS data. In 2022-23, as many as 24,000 more such classrooms are expected to be made functional

Meta reveals India's pet icons across categories ahead of Emoji Day

Emoji Day will be celebrated across the world on July 17

Cement maker ACC's profit tumbles 60% in April-June, revenue rises 15%

Bloomberg consensus estimates had pegged net profit at Rs 296 crore and revenue at Rs 4,390 crore for the period under review

Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report

The Reserve Bank of India defines securitisation as transactions where credit risks in assets are redistributed by repackaging them into tradable securities

Kotak Mahindra Bank completes tech integration with new e-filing portal

With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal

Banks' asset-quality risk to be moderate after RBI rate hike: Fitch Ratings

'Mounting repayment pressure for some borrowers amid India's interest rate hikes, particularly for micro, small and medium-sized enterprises, will test banks' loan underwriting quality'

News on RBI nod for ARC stake speculative, lacks bonafide sources: YES Bank

YES Bank clarified that it had indeed started the process of seeking a partner for an asset reconstruction company through a public expression of interest, but added that the process is still underway

Low growth and high inflation expected this year: N Chandrasekaran

The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions

Raymond appoints Coca-Cola veteran Atul Singh to lead the Group

Singh has worked at Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as chairman, Asia Pacific and spearheaded its businesses across 25 countries

Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr

July 21 set as record date for payout; stock up 1.44% on BSE