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Shriram Transport Finance fourth quarter net profit up 44%, NII rises

The company's Net Interest Income increased by 22.16 per cent to Rs. 2,627.82 crore as against Rs. 2,151.12 crore.

PNB Housing Finance profit rises 33% at Rs 170 crore in March quarter

Its net interest income fell by 37 per cent in the reporting quarter to Rs 377 crore

SBI Life Insurance net profit jumps 26% in January-March quarter

The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21

Rainbow Medicare IPO subscribed 55% on second day of issue

The institutional portion was subscribed by 10 per cent, the retail investor portion by 82 per cent

Campus Activewear IPO subscribed 51.75 times as brokerages recommend buy

The company had fixed a price band of Rs 278-292 per share in the IPO

NCLT adjourns the insolvency plea against Future Retail to May 12

Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues

Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures

Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery

Indifi Technologies appoints former SBI Chairman Rajnish Kumar as advisor

Rajnish Kumar will engage with the management on the Indifi Technologies' growth strategy and provide guidance in the financial services sector.

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Campus Activewear subscribed 3.2x on day-2 in HNI, retail interest

Wealthy investor portion subscribed 5.6 times, retail by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13%

Rainbow Medicare subscribed 29% on Day-1 on retail interest

The multi-speciality hospital chain had allotted shares worth Rs 470 crore to anchor investors on Tuesday

Rs 79,000 crore of GST dues to states pending for FY22: Finance Ministry

It added that all dues had been paid for FY21. So far, it has released Rs 7.35 trillion to States, including the assistance released on a back-to-back basis

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

S&P raises Adani Electricity Mumbai's outlook from 'Negative' to 'Stable'

IHC investment in parent Adani Transmission Ltd to improve leverage and credit quality

Fintech start-up Actlogica raises seed funding from Zerodha's venture arm

The husband-wife duo of Ameet Ayare and Archana Anoor founded Actlogica in 2015 to aid wealth managers and investment management professionals

Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO

Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band

LIC shares at 5-7% premium in grey market, may rise further, say observers

They said shares were changing hands at Rs 1,000 apiece as against an expected IPO price of Rs 950

Instagram launches Enhanced Tags on Reels to boost creator recognition

Enhanced tags allow a creator's self-designated profile on his professional accounts to be displayed in People Tag, so that people can share and view his specific contribution to a photo or video post

Campus Activewear IPO subscribed 1.24x on Day-1 on retail interest

The retail portion was subscribed 1.9 times, HNI 1.32 times and institutional investor portion was subscribed 9%

RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance

This action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with customers.