BS Reporter
BS Reporter
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IndiaSkills competition expects to send 58 entrants to Lyon for world event
Biannual WorldSkills Competition is considered the Olympics of international skilling events
 "IndiaSkills competition expects to send 58 entrants to Lyon for world event")
Mankind Pharma in fray to acquire Advent's stake in Bharat Serums: Report
Mankind Pharma's stock surged 3.11 per cent on BSE on Tuesday
 "Mankind Pharma in fray to acquire Advent's stake in Bharat Serums: Report")
WhiteOak MF launches spl opportunities fund; Allied Blenders gets IPO nod
Allied Blenders and Distillers, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an IPO, an update with the markets regulator showed on Tuesday
 "WhiteOak MF launches spl opportunities fund; Allied Blenders gets IPO nod")
9Unicorns rebrands as 100Unicorns; launches its second fund of $200 million
The second accelerator fund called 100Unicorns Fund II with a target size of $200 million includes a green-shoe option of $100 million
 "9Unicorns rebrands as 100Unicorns; launches its second fund of $200 million")
Corp tax collections as proportion to GDP yet to reach pre-tax cut levels
After surcharges and cesses, this tax comes to 17.01 per cent against 29.12 per cent if the companies don't opt for this tax
 "Corp tax collections as proportion to GDP yet to reach pre-tax cut levels")
TCS announces creation of Global AI Center of Excellence in Paris
TCS has continuously ramped up its investments in France, since commencing operations in 1992. With the acquisition of TKS- Teknosoft in 2006, and of Alti in 2013
 "TCS announces creation of Global AI Center of Excellence in Paris")
Former BS resident editor Palakunnathu George Mathai passes away
Journalist Palakunnathu George Mathai died on Sunday at the age of 77, after a prolonged illness
TVS Holdings to acquire 80.74% in Home Credit India for Rs 554 cr
2 companies will need approval from the Competition Commission and Supreme Court for deal
 "TVS Holdings to acquire 80.74% in Home Credit India for Rs 554 cr")
Maratha quota, credit over name change could sway voters in Aurangabad
Much has changed five years down the line. The Shiv Sena has split and the AIMIM no longer has the support of Prakash Ambedkar-led Vanchit Bahujan Aghadi
 "Maratha quota, credit over name change could sway voters in Aurangabad")
Sebi proposes direct transfer of securities to clients' accounts
"In a move to enhance operational efficiency and reduce the risk to clients' securities, it has been deliberated to make the process of direct payout of securities to the client account mandatory,"
 "Sebi proposes direct transfer of securities to clients' accounts")
TVS SCS wins new business deal for Eicher's bus facility in Baggad
VECV has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur
 "TVS SCS wins new business deal for Eicher's bus facility in Baggad")
AI startup Myelin Foundry raises $4 mn in round led by SIDBI Venture Cap
Company says it will use money to expand in international markets and strengthen technology
 "AI startup Myelin Foundry raises $4 mn in round led by SIDBI Venture Cap")
Truecaller adds 23.3 million users in India during first quarter of CY24
Net sales of the company increased by 8 per cent in India reaching SEK 316.8 million in the first quarter, compared to SEK 292.2 million in the corresponding quarter of the previous year
 "Truecaller adds 23.3 million users in India during first quarter of CY24")
JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared
The company said, total net generation for the quarter was up 26 per cent to 6.4 billion units and net debt as on March, was at Rs 26,636 crore
 "JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared")
Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore
As on March 31, 2024, the company's gross non-performing assets (NPA) were 3.95 per cent of gross advances, compared to 5.95 per cent during the same period in 2023
 "Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore")
Coromandel expands agtech footprint, increases shareholding in Ecozen
With this, Coromandel has increased its shareholding in Ecozen to 5.54 per cent, an increase of 3.13 per cent. Ecozen is known for its innovative and sustainable solutions
 "Coromandel expands agtech footprint, increases shareholding in Ecozen")
Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr
Standalone net profit at Rs 4,133.3 cr, is up 18.24 per cent year-on-year on the back of healthy loan growth and rise in fee income
 "Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr")
GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale
 "GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers")
Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense
Bank in advance stages of submitting new CEO names to RBI
 "Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense")
South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore
The bank's gross non-performing asset in Q4 FY24 came down by 64 basis points from 5.14% to 4.50%
 "South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore")