BS Reporter
BS Reporter
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UCX suspends trade within 18 mths of launch
India's sixth nationwide commodity exchange pulls down the shutter after MMTC promoted ICEX (fourth) suspended trading early this year
 "UCX suspends trade within 18 mths of launch")
Industry alleges surge in tax evasion on vegetable oil import
As per the estimates, in last six months Rs.150 crore of value added tax was evaded by giving wrong declaration in imports only on JNPT port
 "Industry alleges surge in tax evasion on vegetable oil import")
 "Fed Bank's Q1 net profit up")
Bajaj Finserv net up 14% at Rs 319 crore
Total revenue from group operations up 11% to Rs 3,855 cr
 "Bajaj Finserv net up 14% at Rs 319 crore")
South Indian Bank net profit up
Bank earned a net profit of Rs 127 cr as against Rs 115 cr
 "South Indian Bank net profit up")
Financial Technologies sells 2 million MCX shares
Stake falls to 20%, to approach Sebi for removal of lock-in to exit the exchange
 "Financial Technologies sells 2 million MCX shares")
IGATE net drops 89.6% to $3.1 million
During the quarter, IGATE booked a one-time refinancing charge of $51.8 mn, as the company retired debt to the tune of $685 mn
 "IGATE net drops 89.6% to $3.1 million")
Fund Pick: Franklin India Smaller Companies Fund
Small is beautiful
 "Fund Pick: Franklin India Smaller Companies Fund")
BCCI not sitting on pots of money: N Srinivasan
The income for BCCI over a period of 16 years has been already settled and it for the BCCI now to spend it wisely
 "BCCI not sitting on pots of money: N Srinivasan")
Parveen Travels in talks with PEs for Rs 250 crore
Fund raising to support fleet expansion and in new offices
Livewell Healthcare gets PE funding
The speciality hospital is expected to be operational in the next couple of months
 "Livewell Healthcare gets PE funding")
Centre approves Karnataka's proposal to set up IIIT at Dharwad
The ministry has asked state government to forward MoU & MoA
 "Centre approves Karnataka's proposal to set up IIIT at Dharwad")
Vijaya Diagnostic secures majority stake in Medinova
Stake goes up to 54% from 25% after acquisition of 29% holding of Standard Medical and Pharmaceuticals Ltd
 "Vijaya Diagnostic secures majority stake in Medinova")
Sagar Cements to sell its stake in JV to Vicat
The deal is valued at Rs 435 crore, over five times of Sagar's equity investment in the JV - Vicat Sagar Cement Private Limited
 "Sagar Cements to sell its stake in JV to Vicat")
RBI to consider farm loan recast for 3-year period
Writes letters to AP, Telangana governments offering relief only for last kharif loans
 "RBI to consider farm loan recast for 3-year period")
Urban Ladder raises Rs 120 crore in Series B round of funding
Urban Ladder was launched in July 2012 with the aim to build a million beautiful Indian homes
 "Urban Ladder raises Rs 120 crore in Series B round of funding")
ThyssenKrupp Industries bags deals worth Rs 1,000 cr
As part of the contract with Bharat Petroleum Corporation, Kochi Refinery, TKII will provide complete bulk material handling system for Petcoke
Odisha: Mines dept seeks ATR on forest rule violation
Seeks report from Forest and Environment department by July 18
 "Odisha: Mines dept seeks ATR on forest rule violation")