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Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

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

Paytm stock gains as gross merchandise value rises 40% in March quarter

Firms says it has hit a new milestone in offline payments with 6.8 million devices deployed

Bajaj Finance booked highest ever new loans in FY23 at 29.6 million

AUM grew 29% YoY in Q4 to Rs 2.47 trillion

Skyroot test test-fires advanced fully 3D-printed cryogenic engine

This achievement follows the November 2022 launch of Vikram-S, which made Skyroot the first Indian private company to send a rocket into space

IRB Infra becomes the first company to list privately-placed InvIT

Private trust becomes first to get listed on NSE post SEBI guidelines

Neeraj Nigam new RBI executive director, will lead consumer education dept

Central bank executive was regional director of Bhopal office, holds bachelor's degree in civil engineering

SBI digital services impacted due to tech glitch, resolved later

Earlier in the day some customers complained in social media that they were unable to access net banking, Unified Payment Interface (UPI) of SBI

HDFC Bank's advances rise 17% YoY to Rs 16 trillion; deposits up 21%

The lenders' CASA deposits grew by 11.3% to Rs 8.03 trillion

Dhanlaxmi Bank sees 23% rise in gold loan book; total deposits up 7%

The bank's total business grew 11.26 per cent to Rs 23,194 crore as on March 2023

140 million tune in to watch Day 1 of IPL on TV, up 47%: Disney Star

Total match views on Day 1 on the OTT platform JioCinema touched a whopping 500 million

IPO of Avalon Technologies subscribed 3% on first day of issue

The retail investor portion of the issue was subscribed 16 per cent

Opec-plus cut weighs on OMC shares, BPCL and HPCL shed over 4% each

Analysts said Street is worried that sustained oil price hike could put pressure on OMC margins as govt may not pass the entire burden on to customers

Tata Steel subsidiary Tinplate Company set for Rs 2,000 crore expansion

TCIL's current capacity is 415,000 tonnes; first phase of expansion, which involves an investment of Rs 2,000 crore, would add another 300,000 tonnes

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

Adani Ports & SEZ completes Rs 1,485 cr acquisition of Karaikal Port

APSEZ will spend another Rs 850 cr over time to upgrade infrastructure and reduce the logistics cost for customers

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052

Indian firms must focus on skilling workforce, flexibility. HR survey

50% organisations don't have clarity on skills their employees will need in future, it says

Reliance Capital second auction starts Tuesday amid Torrent litigation

Lenders have fixed Rs 9,000 crore as floor price for selling assets of bankrupt firm

Investment banker Sudha Shivkumar is now president of Ficci women's wing

As 40th President of FLO, she will focus on empowering women by facilitating an enabling environment that promotes entrepreneurship, industry participation and economic development of women