Page 152 - Bs Reporter/workspace/business Standard Web/video

Rail Vikas Nigam offer for sale subscribed 1.6 times, shows BSE data

Shares of Rail Vikas fell 6.1 per cent to end at Rs 126 in secondary market trading

Bajaj Finserv Q1 results: Consolidated net profit up 48% to Rs 1,943 crore

The interest income rose to Rs 12,130 crore in Q1FY24 from Rs 8,971 crore in Q1FY23

Indian Bank Q1 results: Net profit rises 41% to to Rs 1,850 crore

In Q1 FY24, the bank's total business grew by 9 per cent to Rs 11.01 trillion, up from Rs 10.09 trillion at the end of June 2022

Reserve Bank of India's digital payment index rises to 359.57 in March

The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100

Foxconn unit in talks for $200 million components plant in Tamil Nadu

In the last few months, Foxconn had announced significant investment plans in states like Karnataka, Telangana and Tamil Nadu, bolstering its presence in South India

Together Fund announces new fund worth $150 mn; to focus on AI startups

Together Fund was founded by Girish Mathrubootham, (co-founder, Freshworks), Manav Garg, (founder, Eka Software) and Shubham Gupta, who used to lead SaaS deals at Matrix Partners India

State Bank of India takes PC Jewellers to NCLT over loan account default

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

Marico signs agreement to acquire majority stake in Satiya Nutraceuticals

In an all cash deal, the maker of Parachute Coconut oil will buy the stake in the company for an aggregate consideration of upto Rs 369 crore

Gift Nifty logs highest-ever turnover of $12.4 billion on July 25

Gift Nifty, which was being traded at the Singapore Exchange (SGX), has been transitioned to GIFT City in Gujarat

Schneider Electric withdraws appeal from SAT against Sebi's order

Company will have to follow Sebi's January 2021 directions within six months

IPO of Yatharth Hospital subscribed 1.1 times on first day of issue

For the year ended March 2023, the company had reported net profit of Rs 66 crore on revenues of Rs 520 crore

Omron Healthcare starts construction of manufacturing unit in Tamil Nadu

The new manufacturing unit is expected to start functioning by March 2025

CAIT and WhatsApp to digitally train and upskill 10 million local traders

The partnership's goal is to localize digitization efforts to unleash growth opportunities for businesses with hyper-local digital trainings in 11 Indian languages across all 29 Indian states

SBI Life Insurance Q1 results: Net profit rises 45% to Rs 380 crore

New Business Premium (NBP) has grown by 11% to Rs 6210 crore in Q1 FY 24 aided by growth in single premium business by 18%

Monsoon session: I-T raids up 8% in FY23, Rs 1.15 trillion GST fraud & more

GST authorities - both at Centre and states - have detected cases of fraudulent availment of Input Tax Credit on fake GST invoices involving amount of Rs 1.15 trillion

HCLTech announces launch of its global delivery center in Morocco

The launch follows the signing of a MoU between HCLTech and the Government of Morocco in 2022 to invest in the country's technology sector

CEAT Q1 net profit increases 15-fold on dip in raw material prices

During the Q1 of FY24, the company's total income was also seen up by 4 per cent to Rs 2,938 crore against Rs 2,821 crore during the Q1 of FY23

TVS Supply Chain Solutions obtains approval from Sebi to launch its IPO

TVS Supply Chain plans raise Rs 750 crore in fresh capital through the IPO

Pixxel wins grant to develop miniaturised multi-payload satellites for IAF

Pixxel has solidified its position as a leading innovator in the space tech sector, building and launching made in India and the world's highest-resolution commercial hyperspectral imaging satellites

S&P revises outlook on B'desh to negative; affirms 'BB-' long term ratings

Bangladesh's external vulnerabilities are rising, marked by sustained pressure on its foreign exchange reserves despite a material decline in the country's current account deficit