Page 253 - Bs Reporter

RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO

LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market

NTT India launches hyperscale data centre campus NAV1A in Navi Mumbai

The investment that one hyperscale data centre requires is anywhere between $100-$150 million, said Sharad Sanghi, MD, NTT India

EIH Chairman PRS Oberoi steps down, nephew Arjun Singh Oberoi takes over

The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health

Pfizer sets up drug development centre at Chennai's IIT Research Park

The centre integrates two essential functions under the export-oriented undertaking of Pfizer: Pharmaceutical Sciences (PharmSci) and Global Technology and Engineering (GT&E) Centre of Excellence.

Bombay HC allows Indiabulls Housing Finance appeal to quash FI

'We believe that the lodgment of the complaint against the petitioners and continuity of the proceedings, is an abuse of process of law', the high court said in its judgement

State Bank of India to raise $2 billion through overseas bonds in FY23

The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE

Upskilling, reskilling of workforce topmost priority for India HR: Study

Mercer's 2022 Global Talent Trends study highlights that difficulty in hiring the right talent, at the right price, and in time remains a top concern in 2022

NTAGI meeting on vaccination for 5-12-year-olds inconclusive: Sources

Last month regulator had approved Serum Institute's Covovax and Biological E-made Corbevax, but at today's meet took no decision on expanding the programme for this lot

In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent

The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das

State govts' borrowings to be lower by Rs 50,000 crore in Q1: ICRA

During Apr 1-May 2 FY2023, only Andhra Pradesh (Rs 44 billion), Maharashtra (Rs 40 billion), Punjab (Rs 25 billion) and Haryana (Rs 15 billion) raised through State Development Loans (SDL)

India should take caution in introducing CBDC, says NCAER report

The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.

Hero MotoCorp Q4 profit falls 28%; revenue drops 14% to Rs 7,422 cr

The company's board has recommended a final dividend of Rs 35 per share

IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs

Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis

Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding

According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.

Traceable AI raises $60 mn in series B at at $450 mn-plus valuation

The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs

SaaS firm Toplyne raises $15mn Series A led by Tiger Global, Sequoia

The team will use the funding to aggressively deliver on the product roadmap, and scale the data science, engineering, product, and design teams

RBI board approves Rajiv Ranjan as MPC member after Mridul Saggar retires

Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.

India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21

India ranks third worldwide for production in terms of volume and 14th by value, says commerce ministry.

Rise Capital begin operations in India; appoints Anuj Mehta has India head

Rise Capital has already invested in two Indian startups, TradeX and SaveIn, both in the fintech space.

TVS Motor April sales rise 24% to 295,308 units; exports increase 6%

TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022