Page 93 - Bs Reporter

Markets gain for second day; Sensex rises 115 points, Nifty ends at 23,205

Most of the IT stocks that climbed on Thursday were outside the benchmark Sensex or the Nifty

Amazon Web Services to invest $8.3 bn in Cloud infra in Maharashtra

Plan will create more than 81,000 jobs and contribute $15.3 bn to India's economy by 2030, says company

Kotak Bank acquires StanChart's Rs 3,330 crore personal loan portfolio

Open to buy loan pools that meet risk-adjusted return norms

Reliance Consumer Products acquires SIL brand to revitalise heritage foods

SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence

Union Budget 2025-26: Here are the key challenges in retail sector

Industry demands measures to boost consumption via direct tax benefits, higher outlay on PM KISAN, MGNREGA along with increase in daily wage rates under MGNREGA

HDFC Bank Q3 results: Net profit rises 2% to Rs 16,736 cr, NII up 7.7%

Net interest margin was 3.43 per cent for the third quarter of the financial year, flat as compared to the same period last year but lower than 3.5 per cent of Q2

Kirloskar Brothers Ltd wins interim relief in trademark dispute with KPL

During the pendency of the suit, Kirloskar Proprietary sought to withdraw the communications and claimed to have reinstated the trademark licence/user rights granted to Kirloskar Brothers

HUL scoops out its ice cream biz, to turn it into a listed entity

Board of directors approve demerger of its ice cream business

Union Budget 2025-26: Here are the key challenges in health care sector

Low health care expenditure at about 2.1 per cent of GDP for FY23, compared to both developing and developed nations

Aditya Birla Fashion and Retail completes fundraise of Rs 1,860 cr via QIP

The company added that the successful fundraise reflects investor confidence in the high-growth potential of India's fashion industry and its position as a leading player in the market

Ceat Chennai unit enters elite league of WEF's Lighthouse Network

At the Chennai unit, the deployment of advanced analytics and real-time monitoring systems has resulted in a reduction of cycle times by 18% and operational costs by 31%

South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3

The bank's operating profit in Q3FY25 was up by 9.4 per cent at Rs 528.84 crore, as against Rs 341.87 crore in the third quarter of the previous financial year

IT major HCLTech expands its global delivery footprint in Hyderabad

Located in the Hi-Tech City, the 320,000 sq ft facility will house 5,000 people and has received Gold Certification from the Indian Green Building Council

Glenmark Pharma's US arm launches drug to treat blood clotting issues

According to IQVIA data for the 12-month period ending November 2024, the Vitamin K1 injectable emulsion USP, 10 mg/mL market achieved annual sales of approximately $19.7 million in the US

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%

Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings

CCI reviewing feedback on amendments to penalty recovery regulations

"The proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency," said CCI chairperson Ravneet Kaur

L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs

Its Net Interest Margin + Fees & Other Income stood at 10.33 per cent for Q3Fy25 down from 10.93 per cent in Q3Fy24, according to Analysts presentation

Sebi considers expanding SSE to attract more non-profit organisations

Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public

Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore

The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year