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Union Bank of India board approves raising Rs 10,100 crore capital

Most banks have been taking board approvals in the new financial year for capital raising to support their growth plans

HCLTech wins digital transformation deal from Heubach Group

HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, and end-user services and secure networks

Mankind Pharma's initial public offering subscribed 87% on day 2 of issue

Mankind Pharma on Monday allotted shares worth Rs 1,298 crore to 77 anchor investors including 16 domestic mutual funds that participated through 41 schemes

Mattresses supplied to school hostels not exempt from GST: Tamil Nadu AAR

Hosur Coir Foams' supplies will draw 18 per cent integrated GST, rules authority

AU Small Finance Bank reports net profit of Rs 425 crore in Q4

Net interest income - the difference between interest earned and interest expanded - was Rs 1213 crore for the Q4, up 30% from the same period of the previous financial year

Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1

The company's IPO closes on Thursday

Tide to sponsor business trip of 16 small players from India, UK in 2023-24

The initiative aims to unlock opportunities for millions of existing and budding entrepreneurs who might want to export to and from India and the UK

Apollo opens genomic institute in Chennai, to open three more in 2023

Facility will offer services genetic evaluation, clinical diagnostics, obstetric genetics, cancer genomics and other services

Nasscom appoints Microsoft's Anant Maheshwari as new chairperson

Rajesh Nambiar will be 2023-24 vice chairperson at group that represents India's IT services sector

Indians more intent on upskilling in 2023 than global peers, shows data

The report says 84 per cent Southeast Asian professionals and 76 per cent professionals from Latin America give importance to upskilling

Alternative credit firm BlackSoil says FY23 investments grew 55% YoY

Mumbai-based says it is helping start-ups as funding winter continues for sector

JM Financial Home Loans, Indostar Capital Finance to explore merger

As of December 2022, JM Home had a loan book of Rs.1,181 crore and AUM of Rs. 1,272 crore with average ticket size of Rs 12 lakh and loan to value ratio of 55%

Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO

Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota

Tamil Nadu govt puts on hold Bill to extend factory working hours

After the bill was cleared, it invited protests from Unions backed by the ruling DMK and its allies, including the Congress and the Left parties

Ipca Laboratories to acquire 33% stake in Unichem for 1,034 crore

The acquisition is subject to the fulfilment of terms and conditions as per the share purchase agreement, and statutory approvals from the Competition Commission of India, the company added

Sebi bars Vistaar Capital for a year, orders winding up of Film Fund

Scheme was to expire in 2013 but was not liquidated and failed to maintain records: Regulator

Online gaming firms criticise Google for commission in alternative billing

Play Store allows alternate billing systems but service fees defeats purpose of fair play, they say

Indusind Bank Q4 net up 46% at Rs 2043 cr, deposits grew 15% to Rs 3.36 trn

Private sector lender says it will expand its branch network to gain consumer confidence and help home loan business

Tamilnad Mercantile Bank net profit up 11% in Q4 of FY23, expenditure rises

Board recommends final dividend of Rs 5 per equity share, in addition to interim of Rs 5 per share paid before

Tata Steel starts hydrogen gas injection in furnace to cut CO2 emissions

Process in line with company's vision of becoming net zero by 2045