Page 299 - Bs Reporter

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

Modi Group's Indofil eyes higher share of global biz this financial year

Company claims to have export presence in more than 120 countries, expects further growth via brownfield and Greenfield expansions and acquisitions

Maharashtra gets India's first floating LNG storage and regasification unit

The LNG terminal is located at JSW Jaigarh Port in Ratnagiri district. The port is the first deep water, 24x7 operational private port in Maharashtra

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

ChrysCapital invests $50 mn for minority stake in WOW Skin Science India

Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default

Lodha group's Rs 2,500 crore IPO subscribed 35% on penultimate day

Most of the bids so far have come from qualified institutional buyers (QIB)

Nucleus Software names Parag Bhise as CEO as R P Singh calls it a day

Bhise's appointment is effective April 1, 2021; Singh retires after 35 years with the company

Markets gain on RBI's accommodative stance, banking stocks lead rally

Sensex gains 0.94%; Bank Nifty rises 1.5%

Consumers opted for higher sum insured policies due to Covid: Policybazaar

This indicates a sharp increase in awareness and demand for high cover protection policies

RBI allows card issuers, white label ATMs to take direct membership in CPS

Central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).

Adani group combined market cap tops $100 billion

Currently, only Tata group, HDFC group and Mukesh Ambani-led Reliance group have higher market cap at the group level

Axis Bank entities close deal with Max Life Insurance, become co-promoters

Axis stake at 12.99%, will nominate three directors to Max Life's board

RIL and America's Chart Industries co-lead new Hydrogen industry body

Aim is to develop hydrogen production and storage, industrial and transport use-cases

Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO

The company allotted 15.2 million shares to 14 investors at Rs 486 apiece

Cholamandalam Investment part of Vishwakarma consortium for NUE licence

The others in the consortium are Financial Software and Systems (FSS), Zoho, Zerodha, Razorpay, Ujjivan Small Finance Bank, and Airpay

KKR completes $15 bn Asia fund, says it has 'tremendous potential'

The firm said in January it had completed its inaugural pan-regional infrastructure and real estate funds: the US$3.9 billion Asia Pacific Infrastructure Investors Fund and US$1.7 billion Asia Real Es

Infosys m-cap tops Rs 6 trillion, shares end at record high of Rs 1,140

Infosys' shares have outperformed Sensex both on YTD and one-year basis, with a gain of 12.3% and 2.2x, respectively. In comparison, Sensex is up 2.7% and 63.5% on YTD and one-year basis

Consumer financier Bajaj Finance's asset under management grows 4% YoY

In Q4FY21, it booked 5.5 million new loans, down almost 9 per cent sequentially and 8 per cent YoY

Irdai brings draft rules for general insurers on product design, pricing

The regulator has asked all stakeholders to give their views on the draft guidelines before April 26