Page 257 - Bs Reporter

Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE

The 20-per-cent divergence in the first day closing price exposed the chinks in the price discovery process, especially for smaller companies

Sanmar Group's chairman N Sankar, 76, passes away after brief illness

He had held office in several public trade and industry bodies, Assocham, Indo-US Joint Business Council, Madras Chamber of Commerce and Industry, among others

GreenBase Industrial inks 200,000 sq feet industrial deal at Oragadam

The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development

HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions

The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.

Domestic branded generic formulations market can grow at 10-12%: Industry

Cadila Healthcare Chairman Pankaj Patel said the market can grow when there is overall growth

Intel commits to net-zero emissions in its global operations by 2040

Intel is also committed to addressing climate impacts throughout its upstream and downstream value chain, also known as Scope 3 emissions

Hariom Pipe surges 50% on debut, ends at Rs 231 vs offer price of Rs 153

The Harini Pipe stock was locked in the 5 per cent upper circuit on both exchanges

Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case

Brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients, says regulator

India sports fan base at 136.3 mn; CSK major sports franchise: Ormax Media

Chennai Super Kings is the most popular IPL team in India, with 40.9 million fans

Deeptech startup Spyne raises $7 mn in latest funding round led by Accel

At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries

Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%

The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list

Observe.AI raises $125mn in series C funding led by Softbank Vision Fund 2

Existing investors Menlo Ventures, Scale Venture Partners, and Nexus Venture Partners also participate; company's total funding to date is $213 million

Sebi fines Yug Securities Rs 3 lakh in co-location matter

Says firm connected to NSE's secondary server connection roughly on 58%, or 263 days, out of a total around 457 trading days in the cash market segment between 2013 and 2014

EVs present an opportunity of almost Rs 3 trn for stakeholders: CRISIL

The opportunity includes potential revenue of Rs 1.5 trn across vehicle segments for vehicle makers, component manufacturers and Rs 90,000 crore in form of disbursements for vehicle financiers.

SC stays NCLAT order in DHFL case on Piramal's appeal

NCLAT in January this year had directed the lenders of Dewan Housing Finance Corporation to reconsider their decision regarding the valuation of the financial firm's avoidable transactions

NSE to reintroduce 'do not exercise' facility for stock options on Apr 20

The move will enable traders to manage their risk better, especially when it comes to out-of-the-money contracts

Delhi High Court asks RBI to look into plea against IndusInd Bank

Last year, an internal working group of the RBI had earlier recommended that promoters can increase their stake in private banks to 26 per cent from 16 per cent.

RBI restores pre-Covid timing of financial markets effective April 18

The trading hours were revised when the Covid-19 pandemic struck due to the opera­tional dislocations

Non-life insurers report 11% growth in premiums at Rs 2.2 trn in FY22

ICICI Lombard leads pack among private players, with 28% growth

Indices slip after US 10-year yield spikes; Sensex falls 482 points

Rising bond yields are considered to be negative for the equity markets, at least in the near-term.