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Sebi bars Karvy Investor Services from onboarding new clients

In an ex-parte order, the Securities and Exchange Board of India (Sebi) noted that KISL did not have the necessary infrastructure like adequate office space, equipment and manpower to work as merchant

State Bank of India prices $750-mn bond at 4.87%, tightens pricing

Tightens pricing by 40 bps on oversubscription

ACC Q4 results: Profit falls 40% due to high energy costs, revenue up 8.1%

The revenue was up 8.1 per cent to Rs 4,790 crore year-on year basis. Total costs was Rs 4,510 crore , up 13.9 per cent due to high energy costs

Market regulator Sebi bars five for front-running trades in LIC

In an interim order issued on Thursday, Sebi noted that Yogesh Garg, an employee in the investment department of LIC, and four others connected to him made unlawful gains of Rs 2.44 crore

Shriram Finance consolidated net rises 18% to Rs 1,288 crore in Q4

The non-banking finance company's total assets under management stood at Rs 1.86 trillion by the end of March 31

IT firm Coforge FY23 revenue up 24.6% at Rs 8,014.6 cr, profit grows 4.6%

Noida-based company's board recommended an interim dividend of Rs 19 per share

Adtech company Infomo appoints Himanka Das as country director India

Company that works with telecom firms promotes Rohit Verma as global chief of strategy and new initiatives

Union Bank of India board approves raising Rs 10,100 crore capital

Most banks have been taking board approvals in the new financial year for capital raising to support their growth plans

HCLTech wins digital transformation deal from Heubach Group

HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, and end-user services and secure networks

Mankind Pharma's initial public offering subscribed 87% on day 2 of issue

Mankind Pharma on Monday allotted shares worth Rs 1,298 crore to 77 anchor investors including 16 domestic mutual funds that participated through 41 schemes

Mattresses supplied to school hostels not exempt from GST: Tamil Nadu AAR

Hosur Coir Foams' supplies will draw 18 per cent integrated GST, rules authority

AU Small Finance Bank reports net profit of Rs 425 crore in Q4

Net interest income - the difference between interest earned and interest expanded - was Rs 1213 crore for the Q4, up 30% from the same period of the previous financial year

Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1

The company's IPO closes on Thursday

Tide to sponsor business trip of 16 small players from India, UK in 2023-24

The initiative aims to unlock opportunities for millions of existing and budding entrepreneurs who might want to export to and from India and the UK

Apollo opens genomic institute in Chennai, to open three more in 2023

Facility will offer services genetic evaluation, clinical diagnostics, obstetric genetics, cancer genomics and other services

Nasscom appoints Microsoft's Anant Maheshwari as new chairperson

Rajesh Nambiar will be 2023-24 vice chairperson at group that represents India's IT services sector

Indians more intent on upskilling in 2023 than global peers, shows data

The report says 84 per cent Southeast Asian professionals and 76 per cent professionals from Latin America give importance to upskilling

Alternative credit firm BlackSoil says FY23 investments grew 55% YoY

Mumbai-based says it is helping start-ups as funding winter continues for sector

JM Financial Home Loans, Indostar Capital Finance to explore merger

As of December 2022, JM Home had a loan book of Rs.1,181 crore and AUM of Rs. 1,272 crore with average ticket size of Rs 12 lakh and loan to value ratio of 55%

Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO

Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota