Page 276 - Bs Reporter

Portea Medical elevates Meena Ganesh as chairperson; Vaibhav Tewari is CEO

The new appointments have been made to further synergise and streamline Portea's operations in the new normal, and activate the 2023 growth strategy of the organisation

Partners Group sells Rs 837 cr worth of shares of Aavas Financiers

The stock slid 3.7 per cent on the BSE Sensex to end at Rs 2,385 on Friday and is down 10.1 per cent since August 17

Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club

The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners

N K Singh succeeds Manmohan as president of IEG

Singh has been the chairman of the Fiscal Responsibility and Budget Management review committee and also served as member of the Rajya Sabha (2008 -2014)

Nitin Chugh resigns as MD & CEO of Ujjivan Small Finance Bank

Chugh resigned from his position citing personal reasons, effective September 30, 2021

Bharti Airtel moves Supreme Court with review petition in AGR case

The company has sought correction of arithmetical errors in calculations linked to AGR

Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years

Jain is presently the Executive Director of Bank of Baroda

Oyo to hire 300 tech employees over six months for multiple roles

Profiles include software development, engineering and product managers, designers, data scientists across entry-level to senior leadership roles

Intel, IIT Bombay's SINE launch initiative to accelerate Industry 4.0

Called Plugin Alliance, the initiative will enable the formation of special interest groups for its industry members to drive innovation and potential adoption of emerging technologies

HCL Tech appoints Fabiano Funari as the country head for Brazil

Funari joined the firm to spearhead its growth for all industries and capabilities in Brazil, where HCL employs more than 800 people

Diesel price cut by 20 paisa for second consecutive day, petrol unchanged

After the price revision, diesel sold at Rs 89.47 a litre in the national capital, 40 paisa lower than the record high of Rs 89.87 a litre

Hashnode raises $6.7 mn in Series A fundraise led by Salesforce Ventures

This funding follows a $2.1 million seed funding round in December 2020.

RBI to buy Rs 5,000 cr of bonds from secondary market under G-SAP on Aug 26

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds

Mandaviya launches Arogya Dhara 2.0 to increase reach of Ayushman Bharat

The minister launched three initiatives - Adhikar Patra, Abhinandan Patra, and Ayushman Mitra

India's exports rise nearly 40% in second week of August, shows data

Engineering goods witnessed the maximum increase during the week, owing to higher demand from US and Italy

Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021

Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over

Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose

Indian Immunologicals to make drug material for 10 mn Covaxin doses a month

IIL has repurposed its manufacturing unit in Hyderabad, procured key raw materials and consumables apart from equipment at 'breakneck' speed; production commenced in July

Biconomy launches Hyphen, an instant cross-chain transaction platform

The system will offer fast value transfers between Ethereum and Polygon, and enable quick onboarding from Layer-1 networks to Layer-2 networks

YES Bank's shares hit 52-week low intraday to Rs 11.89

In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions