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Sebi's success rate before Securities Appellate Tribunal improves

The regulator saw a remarkable drop in the number of pending cases -- from 426 at the end of FY22 to just 160 in FY23

India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales

Its revenue from operations for the quarter under review declined by 5 per cent to Rs 1,437 crore compared to Rs 1,514.4 crore in the corresponding quarter a year ago

FPIs mandated to route 10% market trade in corporate bonds through RFQ

The RFQ is a dedicated platform for debt securities, launched in 2020 by stock exchanges

General insurers' premium grew by18.3% in July to Rs 23,259 crore

Stand-alone health insurers reported a growth of 24 per cent to Rs 2,665 crore in July, and a 25.8 per cent rise to Rs 9,322 crore in the first four months

Adani Energy achieves $1 bn financial closure for transmission asset

The credit facility is part of a $ 700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio

Coromandel arm Dhaksha bags Rs 165 crore drone order for Indian army

Recently, Dhaksha also secured a contract from agricultural inputs cooperative Iffco to supply 400 agri-spraying drones

TVS Supply Chain public issue on August 10, price band set at Rs 187-197

The total issue size is set at Rs 880 crore, including fresh issue aggregates up to Rs 600 crore, and an offer for sale of 14.23 million equity shares

Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company

Kilburn Engineering reports 145% surge in PAT to Rs 7.09 crore in Q1

Expressing optimism for the remaining quarters, the company cited its current order book and pending enquiries of over Rs 700 crore at various stages of quotation

Vedanta announces new appointments, advisory board for oil business

John Slaven has been appointed as chief executive officer for the Aluminium Business, also being designated as senior management personnel (SMP), effective from October 3 for a term of 3.5 years

SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered

At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis

India in pole-vaulting distance to oust China as world's factory: Mahindra

Mahindra suggested that doubts surrounding China's ambitions and disruptions to supply chains in the wake of Covid-19 have also worked in India's favor

Business Standard journalist Namit Gupta passes away at the age of 58

The Business Standard family will miss him deeply

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

S&P Global Ratings revises outlook to negative for Vedanta Resources

In a statement, it said Vedanta Resources' weakened access to cash flow from its operating subsidiaries at a time of challenging external financing conditions has raised its refinancing risk

Shriram Life insurance posts Rs 35 crore net profit in first quarter

Despite a slight drop in profits, the company sees an 82% surge in total premium earned compared to the previous year

8% of GCCs expect their workforce to double within 2023: NLB Services

Despite the headwinds, GCCs will continue to leverage India's vast pool of skilled professionals to bolster their workforce and fuel their growth trajectory

Most people think govt was responsible for leak of personal data: Report

According to the report, Aadhaar and PAN card numbers, mobile numbers and email addresses were the most commonly leaked personal data

700 districts already covered by 5G internet, a fastest rollout: MoS IT

Chandrasekhar contrasted the nine years of the Modi government with the preceding decade under the United Progressive Alliance (UPA)-led government

KFC system sales growth jumps 22% in June for India, partner countries

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives