Page 294 - Bs Reporter

Godrej Properties emerges as highest bidder for two plots in Navi Mumbai

Spread over nearly 1.5 acres, this project will offer approximately 400,000 square feet of development potential

Economic Affairs Secy Tarun Bajaj to take charge of revenue department

Bajaj, an old hand at the Finance Ministry, assumed charge as Economic Affairs secretary in last May

Russian, Chinese hacking groups target pharma companies for Covid-19 data

Singapore-based cyber intelligent firm Cyfirma says 15 active hacking campaigns are underway; US, UK and Japan among a slew of other nations also on cybercriminals' target list

India's tablet market posts 14.7% YoY growth after 4 years of decline: IDC

Better numbers were mainly aided by increased use of tablets to support e-learning demand

MTAR Technologies IPO priced between Rs 574-575, open March 3-5

Comprises a fresh issue of Rs 123 crore and an offer for sale of Rs 472 crore

Shares of wellness product seller Nureca soar 61% on debut, end at Rs 645

Issue price was Rs 400 per share. Nureca's Rs 100-crore IPO was oversubscribed 40x

Heranba Industries IPO subscribed 83 times on strong HNI support

Price band was set at Rs 626-627 per share; issue comprises Rs 60 cr of fresh fundraise, Rs 565 cr offer for sale

Technical glitch at NSE: Sebi says will take all remedial measures

Says it has asked NSE to explain reasons for not migrating to its disaster recovery site

Broker body slams NSE for delay in communicating technical glitch

Reasons for not activating recovery site even after 45 minutes of glitch remained unknown

Irdai launches standard personal accident cover, max Rs 1 cr sum assured

General and standalone health insurers will have to offer product from April 1, full claim payable on death with 12 months of accident date, even after the end of policy period

Startek announces $185mn debt refinancing with term loan, revolving credit

Borrowings under new senior debt will bear tiered interest rate, based on Startek's consolidated net leverage ratio and is initially set at Libor plus 450 bps

Mahindra sells its entire stake in First Choice Services to TVS Automobile

It has also sold its entire stake of optionally convertible redeemable preference shares in Auto Digitech, a wholly-owned arm of Mahindra Holdings for Rs 13.5 crore to TVS

Payments banks may also join private banks to offer tax, pension services

The finance ministry has now made it clear that there is now no bar on the RBI's authorisation of private-sector banks to offer government business

Railways hiked fares for short distances to deter non-essential travel

Hike covers less than 3% of total trains running; fares fixed in passenger trains at unreserved price of mail or express trains for the same distance

Infosys took journey to become 'Live Enterprise' 3 yrs ago: Nandan Nilekani

Firm's chief says Live Enterprise is an idea of how companies will be run in the future and a lot of it has come out of Infosys' own experience over the last three years

Adani forays into data centre business, sets up 50:50 JV with EdgeConnex

In addition to full-scale data centres, AdaniConneX will also develop a portfolio of Edge data centres strategically located across the country to address the need for more proximate capacity

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

PM Narendra Modi to address a webinar on divestment on February 24

The meeting will be attended by Finance Minister Nirmala Sitharaman and officials from finance and other government departments

Airtel, L&T and TCS to see huge passive inflows as global indices rejig

Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn

Indian PC market delivers another strong quarter, grows 27% in Q4CY20

e-Learning and remote working boosts notebook and laptop sales, says IDC