Page 197 - Bs Reporter/workspace/business Standard Web/undefined

Cloud over Adani Enterprises FPO as stock dips 11-15% below offer

Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14,908 cr on offer

Bank unions defer two-day strike; next round of talks on January 31

Another round of talks is scheduled to be held on January 31 between the Indian Banks Association (IBA) and the bank unions to iron out the issues

Tube Investments arm buys e-tractor startup Cellestial E-Mobility

Acquirer was already holding 69.96% of Cellestial. On Friday, it signed a deal to buy the balance 30.04% for Rs 50.90 cr

Edelweiss Mutual Fund launches India's first passive short-duration fund

This is the first passive offering in the short-duration space

Developers pan Google's 'delay tactics' even as it begins heeding CCI order

They say Google has not yet clarified on commissions and fees, and is exploiting loopholes like it did in Europe and South Korea

Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

No new facts in Hindenburg report about Adani Group, says corporate governance firm

PE deals in Asia-Pacific fall in 2022 as US investors drop China for India

Investors favour technology companies in India and Southeast Asia, says one analyst

Tata Chemicals Europe, Vertex sign low-carbon hydrogen offtake agreement

Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving "net zero" manufacturing by 2030

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

Thousands in India impacted as network outage hits Microsoft products

According to Downdetector.com, 3,900 people reported outages for Teams alone; services were impacted in US, Europe, APAC, Middle East and Africa

India's retail health insurance could be a $25 bn market in 5 yrs: Report

Avendus Capital study says low penetration coupled with rising disposable incomes, and product innovation by insurers could act as catalysts for the segment

SBI Card Q3 net up 32% YoY to Rs 509 cr on strong interest income

Dip in impairment losses and bad debts suppports performance, stock dips on company missing street estimates

Tata Trusts appoints Siddharth Sharma as CEO, Aparna Uppaluri as COO

Both appointments will take effect on April 1 of this year

Indian SaaS firms to have 8% of world market, get $35 bn in revenue: Study

Most Indian investors expect to increase, maintain capital allocation to sector

TVS Motor Q3 net up 28% to Rs 304 cr; EV sales surge 80% to 29,000 units

Operating EBITDA grows 16% to Rs 659 crore, EBITDA margin flat at 10.1%

HDFC AMC's Q3 profit up 3% to Rs 369 cr, revenue rises 1.8% to Rs 560 cr

Profit for the nine months ended December 31, 2022 was flat at Rs 1,048 crore

Pidilite may miss out on Nifty 50 inclusion post index rebalancing

The stock was widely expected to get added to the index, but does not have enough free float market cap to dislodge BPCL

Property data start-up Landeed raises $8.3mn in seed round funding

Company says it will use financing to build property title search engine, improving technology

Bank of Baroda, CG Power may get added to MSCI global standard index

Biocon is expected to get excluded from the index

Foreign portfolio investor legroom gains for Kotak Mahindra Bank

During the quarter ended December 2022, the FPI holding in the private sector lender fell 1 basis points quarter-on-quarter to 39.26 per cent