Page 282 - Bs Reporter

NMDC's Rs 3,600-cr share sale fully subscribed, most bids come in at Rs 166

A total of 219.5 mn shares were put on the block by govt;OFS) has garnered bids for 220.45 mn shares from institutional investors--1.15 times the shares on offer to them

TCS enters strategic partnership with OTT streaming platform SonyLIV

TCS will enhance its core OTT platform to leverage AI and ML to provide personalised experiences to users. It will also help SonyLIV use data and insights to monetise content

Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses

Investors in the fund include family offices such as Narayana Murthy's Catamaran, Fund is already committed to two deals worth $44 million, one of which is API Holdings, parent company of PharmEasy

Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge

Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better

Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge

The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India

ONGC charts Rs 30,000 cr capex for FY22 with 50% in turnkey projects

It is aiming at 22.56 million tonnes of crude oil and 24.89 billion cubic metres of gas production during the year

Fitch downgrades ONGC, OVL and ONGC Videsh Vankorneft ratings to BBB-

This makes it harder for ONGC's two arms to raise money for financing their projects. OVL is currently said to be in the process of raising $500 mn for repaying existing debt

Pregnant women now eligible for Covid-19 vaccination: Health Ministry

The vaccine can be taken anytime during the pregnancy, the health ministry said

Two doses of Covid-19 vaccine give 98% protection, says PGI study

The study, which didn't spe­cify the name of the vacc­ine, was conducted on Pun­jab police personnel

Clean Science prices IPO between Rs 880-Rs 900, issue opens July 7

Investors can bid for 16 shares and multiples thereof. IPO is an offer for sure, company could raise to Rs 1,546 cr at the upper end of the price band

Decision on Covaxin approval by August second week: WHO chief scientist

Developed by Bharat Biotech and the ICMR, Covaxin was approved by the Indian drug controller in January, and has been in use since

Online privacy firm alleges data breach of 700 mn LinkedIn users, co denies

Breach was reported by RestorePrivacy, according to whose website, the user of a popular hacker forum advertised data from 700 million LinkedIn users for sale on June 22

Standard Life sells 5% stake in HDFC Life Insurance in two tranches

A total of 100.8 million shares were sold in two tranches at Rs 672 and Rs 673; names of buyers couldn't be ascertained

NIRAMAI COVID screening solution receives funding from UK's CDC Group

NIRAMAI is an investee of Pi Ventures, a fund backed by CDC Group ("CDC", the UK's development finance institution and impact investor)

Twitter India head Manish Maheshwari booked for showing wrong map of India

The microblogging platform removed the map on Monday night

National highways offer returns over 15% via Realty development, says JLL

Sees NHAI giving impetus to modernisation of Indian Highway network, culminating in various advantages for highways users, market players, developers, investors, and facility operators

Commercial Bank of Kuwait selects TCS BaNCS to transform treasury ops

CBK was looking for a modern, integrated treasury solution to help transform its treasury operations and offer new generation asset classes, enhance risk management, and ensure regulatory compliance

Lenskart's launches Vision Fund for select startups in eye-care space

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

IGL reports 29% YoY surge in consolidated Q4 profit at Rs 375 crore

Board recommends 180% dividend, or Rs 3.6 per share

RBI sets rules for appointment of MDs, WTDs of urban cooperative banks

The minimum age of a person should not be less than 35 years and not more than 70 years any time during the tenure