Page 247 - Bs Reporter

MobiKwik announces launch of 'AutoBill Pay' feature for its 25 mn ZIP users

This feature is designed to help ZIP users pay multiple bills such as electricity, water, gas, mobile, DTH, etc. automatically every month using the BNPL credit line

Piramal Enterprises logs Rs 151 cr net profit in Q4, overcomes loss

Board recommends a dividend of Rs 33 per share, subject to shareholder's approval.

Moody's upgrades Bharti Airtel's rating to 'Baa3'; outlook stable

Continuous improvement in operational profile, financials triggers upgrade, says the ratings agency

Japanese lender MUFG Bank to set up a branch in GIFT City, sixth in India

In March 2022, Japanese lender MUFG announced the setting up of an investment fund totaling $300 million for start-ups in India

Aether Industries' IPO subscribed 6.3 times on final day of offer

Aether's Rs 808-crore offering capped a busy month for IPOs, which saw a cumulative mop up of Rs 30,140 crore by eight companies

KPIT Technologies announces acquisition of UK-based SOMIT Solutions

STRAP: The total value of the acquisition will be around GBP 7.68 million (around Rs 75 crore)

1 in 2 citizens surveyed, says received ads based on private conversation

There are many apps that ask users' permission to access their microphone; however, in many cases, users are not made aware for what reason their phone microphone is being used

Edible oil relief: Shares of Adani Wilmar and Ruchi Soya Industries shed 5%

Individually, AWL was locked in the 5 per cent lower circuit band at Rs 664.95, while Ruchi Soya Industries, too, was down 5 per cent to Rs 1,045.45 on the BSE

SpiceJet, Credit Suisse end legal battle, sign settlement and consent terms

The settlement and consent terms, executed on May 23, 2022 between SpiceJet and Credit Suisse have also been filed before the Supreme Court of India for final orders

Gift City gold imports: Qualified jewellers can make advance payment

Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA

Country Delight raises $108mn in series D led by Venturi Partners & Temasek

Founded in 2013, the company delivers dairy, fruits, and vegetables to the doorstep of consumers.

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Bank of India's net profit rises 142.3% to Rs 606 crore in Q4FY22

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders' nod

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

Aether Ind IPO subscribed 49% a day before close on sparse overall interest

None of the three investor categories completes quota, with HNI interest being the dullest at 16%

Credit growth vaults in metros to 9.7% in FY22 despite second wave

The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

WSO2 completes $93 mn series E funding with investment from Info Edge

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India

ICICI Direct launches life-stage investing tool LIFEY for customers

ICICI Direct has launched LIFEY with a dashboard, which will enable its customers to comprehensively track the progress of their goals and provides timely alerts

Zomato stock zooms 18% intraday on improved disclosures, gains 14% at close

7-8 large brokerages have come out with recommendations of overweight to buy since the firm announced its results on Monday after market hours