Page 214 - Bs Reporter/workspace/business Standard Web/undefined

Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow

NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago

Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit

In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas.

South Indian Bank posts net profit of Rs 223 crore in second quarter

Murali Ramakrishnan, MD and CEO of the Bank, while announcing the results, stated that the strategy of realigning the business by the bank had contributed to the above improved performance

Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman

Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.

Tracxn Technologies stock gains on NSE debut, up 17.7% at Rs 94.20 apiece

The stock of the data processing services company got listed at Rs 84.50, a Rs 6 per premium, to its issue price

IT governance rules: RBI releases draft guidelines for regulated entities

The framework will specify the role and responsibilities of the board of directors and the senior management of the entity.

Suzlon Energy rights issue subscribed 1.8 times, stock down 3.7%

The company is issuing 2.4 billion new shares, at Rs 5 apiece, through the rights issue

HCL founder Shiv Nadar gets USISPF's Lifetime Achievement Award 2022

Bilateral non-profit organisation honours billionaire for his contribution to technology industry and philanthropy

Satya Nadella to visit India in Jan 2023, first in nearly 3-years

Nadella, was conferred with India's third highest civilian award, the Padma Bhushan earlier this year for his distinguished services

Wipro Consumer Care-Ventures invests in Indonesia based start-up, YOUVIT

The brand is focused on creating premium quality, yet affordable, products to support the daily lifestyle needs of the consumers

Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close

Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock

Major asset management companies report muted results in second quarter

Revenue from operations remains flat for HDFC AMC and Nippon Life AMC in the previous quarter

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

Risk to India's sovereign rating from external pressures limited: Fitch

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

Ambuja Cements allots 477-million warrants to Adani family firm

Ambuja Cement, now a part of Adani Cement, has issu­ed the warrants at a price band of Rs 418.87

ICICI Lombard Q2 net up 32% to Rs 591 cr on reversal of tax provision

Gross direct premium income up 17% to Rs 5,185 cr; combined ratio, which indicates underwriting discipline, stable at 105.1%

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers

PhonePe revenue up 138% to Rs 1,646 cr; losses narrow to Rs 671 cr in FY22

Better revenue was primarily driven by robust growth across all businesses; contribution margin grew to 88% from 84% the previous year

NSE floats consultation on index components ahead of HDFC-HDFC bank merger

Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased

Panel blames police for firing on 'unarmed' anti-Sterlite protestors

Faults them for shooting without warning, recommends a compensation of Rs 50 lakh to kin of the deceased, including Rs 20 lakh already paid