Page 227 - Bs Reporter

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

Mindtree Q1 net profit increases 37% at Rs 472 cr; revenue rises 36%

On Mindtree-L&T Infotech merger, the management said that the merger is on track

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

Agnikul launches India's first rocket facility for 3D-printed engines

Unit has been designed to make two rocket engines a week

CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value

With this, the Canadian pension fund's stake in the firm goes up to 50%

Lightspeed India raises $500 million for India and Southeast Asia

This is part of the $7 billion that the fund house has raised

RBI fines Ola Financial Services Rs 1.67 cr for not following directions

Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements

HCL Tech Q1 results: Net profit rises 2.4% to Rs 3,283 cr, revenue up 16.9%

HCL Tech had a total contract value (TCV) of new deals worth $2 billion, a growth of 23.4 per cent YoY

Uber gets into damage control with the story of a changed company post 2017

Uber's comment on an ICIJ report on the manner in which it flouted local rules to build its business is revealing as it seeks to wash its hands off the management's deeds pre-2017

M&M Financial Services zooms over 16% in July on strong biz outlook

Thus far in July (last eight days), MMFSL has rallied 16 per cent, as compared to a 1.6 per cent rise in the S&P BSE Sensex

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

Glance user base grows by 30% YoY to reach 183 million in Q1 2022

Inmobi's Glance, which is present in India, Indonesia and parts of Southeast Asia, is focussing heavily on expansion in existing as well as new markets

Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)