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Veranda Learning IPO subscribed 3.5 times on Day 3

Veranda has raised Rs 200 crore in fresh capital, which will be used to repay debt and for expansion

Carlyle sells 2.78% stake in SBI Cards for Rs 2,229 cr

CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange

Motherson in race for Marelli Holdings' restructuring: Report

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

Speciale Invest announces its second funds closure at Rs 286 crore

In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.

Nazara Technologies invests $2.5 mn in US-based Bitkraft Ventures

The announcement comes at the back of its recent partnership with Griffin Gaming Partners, in which Nazara has committed to invest $4 million.

Jio-bp and TVS Motor Company to collaborate on EV solutions

Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles

Biryani, BSE and bills: All about a billion Razorpay transactions in FY22

One of the takeaways from data analysis is that trading activity grew 247% over previous financial year

Karur Vysya Bank's total business crosses Rs 1.25 trn

While the total deposits of the bank stood at Rs 68,676 cr as on March 31, the total advances was at Rs 58,086 cr, aggregating a total business of Rs 1.26 trn

Vested Finance raises $12 mn in series A funding round led by Ayon Capital

The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.

Flipkart launches rural area- and women-focused Flipkart Foundation

Aims to positively impact 20 million lives directly and indirectly over the next decade

CCI to enforce stricter M&A disclosure requirements starting May 1

Cos to disclose "complimentary linkage" between them and their impact on market, provide data of past 5 yrs on market size, market share of parties and also of competitors

Sebi panel to improve governance norms for market infra bodies

The committee is entrusted to make recommendations regarding the role played by the governing board and committees of MIIs

Bond trade gains of banks may be down 30%, says India Ratings

The rating agency's assessment showed the yield on benchmark 10-year government bonds rose 66 basis points in FY22 to close at 6.84 per cent from 6.18 per cent at the end of March 2021

FACT records highest-ever turnover of Rs 4,100 cr in FY22, up 27% YoY

Firm fares well despite pandemic-led adverse scenario in which input prices sky-rocketed in the global markets; restarts Caprolactam production after nine years

Stalin seeks release of Rs 20,860 crore Central dues to Tamil Nadu

The amount consists mainly of GST compensation (about Rs 13,500 crore), and dues on account of subsidy, Rashtriya Madhyamik Shiksha Abhiyan and Sarva Shiksha Abhiyan

Regional rural banks may also be allowed to turn into SFBs: SBI Research

In fact, some of the large RRBs are bigger than the SFBs currently operating in the market

KFin Tech files for Rs 2,400-cr IPO, provides exit for General Atlantic

KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms

Cooperating with Sebi in Yes Bank AT1 bond matter, says Nippon India MF

According to reports, Nippon India chief executive Sundeep Sikka's role is also being examined by Sebi

Unity Small Finance Bank pays Rs 3,800 cr to 850,000 PMC Bank depositors

According to the plan approved by the Union government, Unity Small Finance Bank was supposed to pay the insured deposit amount up to Rs 5 lakh received from the DICGC immediately.

RBI extends timelines for banks to use lockable cassettes in ATMs by a year

The RBI decided to extend the timeline after it received representations from various banks and Indian Banks' Association expressing difficulties in meeting the timeline