Page 298 - Bs Reporter

KPIT Q4 net profit rises 23.6% YoY to Rs 47 cr, revenue dips 3.8%

The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues

Those above 18years to get Covid-19 vaccines in Mumbai private hospitals

People above 45 years would continue to receive vaccines at 63 government and municipal centres

Qube Health raises undisclosed sum in Inflection Point-led pre-series A

Other investors in this round are Mohit Burman (Dabur Group), Keiretsu Forum (NCR, Bengaluru & Chennai Chapters) and a group of other marquee Indian and International HNIs

Banks must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks

Parle Products to leverage on IBM hybrid cloud and AI to drive growth

With this, Parle hopes to find new ways to get its products to the consumer as the pandemic disrupts supply chain and mandates WFH for some employees

ORAI raises Rs 3.6 cr in pre-Series A round from Inflection Point Ventures

The funds raised would be used for international expansion and collaborations, sales and marketing along with product development and enhancement

Apple spreads spring colours with a range of new product launches

In its first announcement of 2021, Apple unveiled products like iPad Pro Tablets, iMac, Apple TV 4K, and iPhone 12 in Purple. It is not clear whether this variant will be available in India

Paytm Payments Bank becomes the largest beneficiary on UPI platform

With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank

Qapita raises $5 mn in Pre Series A round led by MassMutual Ventures

Qapita helps private firms and startups record and manage capitalisation tables (cap tables) and ESOPs. It also aims to digitise issuance of equity awards and shares

Tata Digital infuses Rs 100 cr debt in online medicine startup 1mg: Report

The move ahead of the Gurugram-based firm's acquisition by the Tata Sons arm

Railway pointsman gets bravery award for saving child near Mumbai

Deed caught on CCTV camera; Railway Minister Piyush Goyal praises him; Asian Institute of Transport Development announces Rs 50,000 award

InMobi's Tewari warns of rising cases, offers staff help in audio message

The firm had plans to continue work-from-home till July, but with now Covid cases surging, it may extend the facility

FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV

AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly

RBI to set up Regulations Review Authority from May 1 for one year

RRA, set up to review/seek suggestions on simplification, ease of implementation of regulations, to be led by M Rajeshwar Rao

SBI refunds charges deducted from basic savings bank deposit accounts

In a statement, SBI said it had stopped recovering charges in BSBD accounts on all digital transactions with effect from September 15

Dabur m-cap tops Rs 1 trillion, shares up 2.2% to lifetime high of Rs 573

Stock has gained 9% in a month even as Sensex shed 3% during this period. Currently, 41 listed companies have market cap exceeding Rs 1 trillion

Amazon leads $10-million investment in MSME fintech startup M1xchange

The round also saw participation from BEENEXT and Mayfield

Working on hydrogen-natural gas synergy, broader role for former: Pradhan

Minister says role of hydrogen to go beyond transport, embrace chemicals, iron, steel, fertiliser and refining, among other areas

Aditya Birla Capital board approves initial public offering of AMC arm

The board has approved an offer for sale of up to 2.8 million shares at face value of Rs 5 held by the company in the AMC, the firm said in a notification to exchanges, according to reports