Page 250 - Bs Reporter

ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures

Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better

Paytm not to acquire Raheja QBE; to apply for new general insurance licence

The agreement was terminated by Paytm Insuretech as the share sale and purchase transaction was not consummated within the time period envisaged by the parties under the agreement

Markets snap six-day losing streak; Sensex ends 180 points higher

This is only the second trading session in May when markets have been able to clock gains

LIC may list at a discount to issue price if grey market is an indicator

Stock could list anywhere between Rs 900 and Rs 940, says market player, citing weak institutional investor demand during LIC's Rs 20,577-crore maiden share sale

SBI hikes MCLR by 10 bps across tenures in second such move in two months

New rates effective May 15, overnight one-month and three-month MCLR now at 6.85% vs 6.75% earlier

Paytm lending business records annualised run-rate of Rs 20,000 cr in April

Offline payments business accelerated as total number of devices deployed jumped to 3.2 million, with 0.3 million devices deployed in April

RBI opens banks credit for NBFCs to on-lend continuously to priority sector

Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector lending

Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x

The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book

Shah Rukh Khan's Knight Riders Group acquires franchise in UAE T20 League

So far, the Adani group, Reliance Industries, GMR and Capri Global have invested in the Indian Premier League-(IPL)-style tournament

AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China

Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially

Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times

AU SFB shares jump 6% after MSCI includes stock in global indices

Four domestic stocks added, one excluded from MSCI Standard index

Prudent Corporate Advisory's IPO scrapes through with 1.22x subscription

The institutional investor portion of the issue was subscribed 1.26 times, high-networth individual portion 99 per cent and retail portion 1.3 times

Staffing firm FirstMeridian files papers for Rs 800-cr IPO with Sebi

The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders

Delhivery IPO subscribed 23%; Venus Pipes sees 4.4 times subscription

Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year

Blood on the Street: 98% Nifty 500 stocks down this month, shows data

Of the 12 that have risen, only one has provided double-digit gains

Fintech firm BharatX raises $4.5mn in seed round to expand business

The company works with brands and websites to provide a credit feature in their apps to serve customers.

ApnaKlub raises $10 mn in series A funding round from Tiger Global

ApnaKlub allows anyone with a smartphone and an entrepreneurial drive to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community

Late for boarding, woman faints; provided medical aid: Air India

The relatives, however, alleged that she was not immediately provided any medical assistance