Page 245 - Bs Reporter

Alok Kumar Choudhary appointed State Bank of India MD for 2 years

Choudhary would hold the position of MD till his superannuation on June 30, 2024

HDFC bank hikes MCLR by 35 bps across all tenures effective June 7

HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May

PolicyBazaar owner PB Fintech's shares slumps 11.5% as CEO divests holdings

Sheds 15% intraday before reversing some of the losses to end at Rs 582.8 on BSE

WhatsApp launches SMBSaathi Utsav to help small biz adopt digital mediums

SMBSaathi Utsav has kicked off with a pilot in Jaipur's Johri Bazaar and Bapu Bazaar where over 500 small businesses are being trained on various aspects of running business online

Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

Chennai-based SaaS co Kissflow launches new low-code/no-code work platform

Platform unifies the entire spectrum of work management for enterprise-wide users. This includes end-users, teams, team managers, process experts, citizen developers and IT developers

Softbank-backed InMobi expands partnership with Microsoft Advertising

To support enterprise and strategic advertisers in Southeast Asia, West Asia, and Africa under new arrangement

Adani to invest Rs 1.5K crore in ammunition complex in Uttar Pradesh

It will comprise state-of-art technology across small and medium calibre ammunition

Sebi clears decks for IPO of 100-year-old lender Tamilnad Mercantile Bank

It's a fresh issue-cum-OFS; Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets are book running lead managers

Ferro Scrap Nigam privatisation: Deadline to submit bids extended again

The last date for submitting initial bids for the privatisation of FSNL has been extended to June 17

Clash of the titans: Ambani pips Adani to reclaim Asia's richest title

As of June 3, Reliance Industries' (RIL's) chairman's net worth was $99.7 billion, while the wealth of Adani Group's founder stood at $98.7 billion

Aether Industries surges 21% on listing day to end at Rs 777 on BSE

This was the second highest gain on debut this year for IPOs of over Rs 150 cr, after Campus Activewear

Sebi imposes 5-year market ban on two individuals in front-running case

In another development, Sebi also revoked an order passed against Abhay Bhutada, MD and CEO of Poonawalla Finance

Sensex posts third straight weekly gain despite 660-point drop on Friday

Gains in RIL propelled market during the week

NSE warns trading members against trades from 'unrealistic prices'

This comes a day after a 'fat-finger' trade was executed in derivatives segment

Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada

Proceedings against other entities to continue

SBI elevates 7 CGM-ranking officials to deputy managing director rank

The selection panel of the board used face-to-face interaction as well as hybrid mode to carry out performance review and promotion exercise

YES Bank board approves buyback of overseas bonds up to $200 mn

The lender will do the repurchase at 97% of the principal amount of the notes.

Freak trade in Nifty options? Contracts with strike price 14,500 allowed

Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options

Centre will next arrest Manish Sisodia in false case: Delhi CM Kejriwal

Health Minister Satyendar Jain's arrest is part of conspiracy to harass AAP government, he says