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Export Import Bank of India FY21 net profit up 105% to Rs 254 crore

The loan book expanded by 4.43 per cent to Rs 1.03 trillion in March 2021.

Tata Steel to re-enter Sensex after six months, replaces ONGC on June 21

Analysts say move will result in inflows of $119 million in Tata Steel and selling of $58 million from ONGC by passive funds benchmarked to index

Govt notifies solvency rules for foreign-owned insurance companies

Rules mandate 50% profit in general reserve if solvency margin is not maintained after profit repatriation, half the board should consist of independent directors

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Bharat Biotech adds 200 million dose per annum Covaxin capacity

The company said the quick ramp up of additional manufacturing capacities for Covaxin was done at Chiron Behring Vaccines, Ankleshwar Gujarat, a wholly owned subsidiary of Bharat Biotech

Axis Bank OFS retail book of 5.8 mn shares receives just 28% subscription

Unsubscribed portion of the OFS will be allotted to non-retail investors

Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF

This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country

Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr

Unit was founded as a startup with broad digital capabilities within L&T. It has played a key role in applications of IoT tech and digitalisation of many of L&T's operations

Icra downgrades growth peg of various auto segments due to second wave

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

ANSR raises $15 mn from Sistema Asia Fund and Evolvence in Series B round

ANSR had earlier raised Series 'A' from Accel Partners, who will remain invested as the firm's largest shareholder

RIL seeks NCLT nod for shareholder meeting to approve Future group deal

RIL has already extended the deadline of closure of the deal with Future in anticip­ation of procedural as well as delays res­ulting from the legal battle between Amazon and Future group

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment

Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday

IRFC, UTI AMC likely to get added in FTSE indices during rebalancing

China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances

Royal Enfield to recall 236,966 motorcycles due to defective ignition coil

Recall includes Classic, Bullet and Meteor models; defect can cause misfiring and reduce vehicle performance and in rare cases, can also cause electric short circuit

Indiabulls Housing Finance Q4 consolidated net rises 102% at Rs 276 cr

The company's Board of Directors has recommended a final dividend of Rs 9 per share

Wipro to vaccinate 100,000 employees and their dependents starting June

Ties up with top-tier hospitals and tech-enabled online-to-offline delivery platform specialising in primary care and urgent response services

Second wave may delay 422,000 houses meant for delivery this year: study

40% of these are in the affordable segment priced under Rs 40 lakh; 35% are in the mid-segment priced at Rs 40-80 lakh

Insurers must boost digital play on Covid-driven interest in sector: study

Over 60% insurance execs say Covid-19 affected their firm's customer acquisition efforts, 40% cited impact on customer retention

Colgate-Palmolive India Q4 net profit jumps 54% to Rs 314.6 crore

Shares of Colgate-Palmolive India closed trade at Rs 1,596 apiece on the BSE on Monday, up 1.84 per cent over the previous day's close