Page 287 - Bs Reporter

Lawyer files complaint Twitter before Delhi HC, says firm broke IT rules

Amit Achrya asks court to direct the government to make Twitter discharge is obligations under the IT Rules 2021.

Northern Arc completes Rs 350 cr MLD for Shriram Transport Finance

Northern Arc says it is focusing on the financing of Used CVs.

Capgemini announces Covid-19 vaccination drive for its 125,000 employees

Capgemini said it's working with Aditya Birla, Reliance, Apollo, MGM and Rainbow to facilitate the vaccination drives.

N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta

Clentsa recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo

NPCI onboards Turkish firm PayCore to develop softPoS solutions for RuPay

The idea behind SoftPoS is merchants can use their NFC-enabled smartphones as point of sale (PoS) machines to accept contactless payments

Export Import Bank of India FY21 net profit up 105% to Rs 254 crore

The loan book expanded by 4.43 per cent to Rs 1.03 trillion in March 2021.

Tata Steel to re-enter Sensex after six months, replaces ONGC on June 21

Analysts say move will result in inflows of $119 million in Tata Steel and selling of $58 million from ONGC by passive funds benchmarked to index

Govt notifies solvency rules for foreign-owned insurance companies

Rules mandate 50% profit in general reserve if solvency margin is not maintained after profit repatriation, half the board should consist of independent directors

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Bharat Biotech adds 200 million dose per annum Covaxin capacity

The company said the quick ramp up of additional manufacturing capacities for Covaxin was done at Chiron Behring Vaccines, Ankleshwar Gujarat, a wholly owned subsidiary of Bharat Biotech

Axis Bank OFS retail book of 5.8 mn shares receives just 28% subscription

Unsubscribed portion of the OFS will be allotted to non-retail investors

Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF

This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country

Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr

Unit was founded as a startup with broad digital capabilities within L&T. It has played a key role in applications of IoT tech and digitalisation of many of L&T's operations

Icra downgrades growth peg of various auto segments due to second wave

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

ANSR raises $15 mn from Sistema Asia Fund and Evolvence in Series B round

ANSR had earlier raised Series 'A' from Accel Partners, who will remain invested as the firm's largest shareholder

RIL seeks NCLT nod for shareholder meeting to approve Future group deal

RIL has already extended the deadline of closure of the deal with Future in anticip­ation of procedural as well as delays res­ulting from the legal battle between Amazon and Future group

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment

Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday

IRFC, UTI AMC likely to get added in FTSE indices during rebalancing

China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances

Indiabulls Housing Finance Q4 consolidated net rises 102% at Rs 276 cr

The company's Board of Directors has recommended a final dividend of Rs 9 per share