Page 179 - Bs Reporter/workspace/business Standard Web/video

ICICI Prudential Mutual Fund launches scheme on innovation theme

The new fund offer, which opened on April 10, will close on April 24

At 19%, BoB's loans grew faster than overall banking system in FY23

The lender's deposit growth at 15.1% YoY was also higher than the banking average

Sterlite Copper gets SC go-ahead for Thoothukudi plant maintenance

The permission was to the Anil Agarwal-led Vedanta firm on the basis of the High-Powered Expert Committee report and the recommendation of the TN govt

RBI simplifies CIC application form, prunes list of documents required

But it reserves the right to call for any further documentation beyond the mandated 18

IIT-Bombay and UIDAI join hands to develop touchless biometric system

Once in place, the system will allow fingerprint authentication from home, akin to face authentication, is expected to capture multiple fingerprints at one go

PM Modi inaugurates slew of projects in Tamil Nadu, Telangana during visit

The projects in Telangana include laying the foundation stone of AIIMS Bibinagar, five National Highway projects and the redevelopment of Secunderabad Railway Station

UltraTech uses LNG trucks to transport cement as part of ESG initiative

UltraTech is making strides in its commitment to sustainability and decarbonisation of its operations with this second deployment of GreenLine's LNG-powered fleet of trucks

Ramkrishna Forgings stock zooms 107% on BSE in less than 10 months

The stock of casting & forging company, therefore, surpassed its previous high of Rs 290.75, touched on March 15, 2023

Reliance Capital resolution process deadline likely to be extended again

Deadline for resolution process ends on April 16; matter goes under litigation as one bidder moves court

SFL's powertrain components division receives General Motors award

This is the tenth time that SFL has received the Supplier of the Year award, underlining the company's dedication to delivering quality products that exceed GM's expectations

IPO of Avalon Technologies subscribed 2.21 times on final day of offer

The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore

RBI monetary policy review: What led to the interest rate pause?

Real GDP growth for FY23 is expected at 7%, indicating resilient economic activity

Rupee, bonds gain ahead of RBI's monetary policy review decision

The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows

Citi launches its branch in GIFT IFSC; to offer financing solutions

The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions

Beauty e-retailer Nykaa sees healthy revenue growth trend for FY23

Growth from tier 1 consumer have demonstrated sustained consumption

How banks' lending rates have gone up faster than deposit rates

According to ICICI Securities, with the credit-deposit ratio at 75.3 per cent, this could put further pressure on deposit rates

Cube Highways files document for privately placed Rs 5,226-crore InvIT

The InvIT, Cube Highways Trust, will raise Rs 3,803 cr in fresh capital and Rs 1,423 cr by way of secondary share sale by sponsor Cube

Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2

Issue closes tomorrow; firm had allotted shares worth Rs 389 cr to anchor investors Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs and Neuberger Berman

TN govt, IIT Madras tie up to connect rural students to electronic science

Initiative designed to cover 100,000 students from 252 govt schools

IKF Finance raises Rs 250 cr from Accion's Digital Transformation Fund

IKF is among the few lenders to have grown consistently and delivered profits across economic cycles. Despite Covid and other macro headwinds, IKF has grown by as much as 40% in the past few years