BS Reporter
BS Reporter
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Biocon's net increases by 78%
Company's revenue up by 15% to Rs 854 cr
 "Biocon's net increases by 78%")
 "Bond yields at 3-month high")
Norms for distribution of MF products by NBFCs eased
NBFCs are allowed to act as agents of its customers, forwarding their applications for purchase and sale of mutual fund units and the payment instruments to a mutual fund
 "Norms for distribution of MF products by NBFCs eased")
SC allows Gammon India to bid for upcoming 8 metro stations in Delhi
Gammon had moved an appeal against Delhi HC judgment upholding award of Rs 665 cr work to GYT-TPL
 "SC allows Gammon India to bid for upcoming 8 metro stations in Delhi")
Dewan Housing Finance Q4 net up 15% at Rs 162 cr
Total income rose 11% to Rs 1,582 cr
 "Dewan Housing Finance Q4 net up 15% at Rs 162 cr")
Karur Vysya Bank net profit up 15%
Gross NPA increased to 1.85 % from 0.82%, posted a year ago
 "IDFC Q4 net up 48% at Rs 383 crore")
Credit growth fell to 8.6% in FY15
Well down from FY14 and across sectors and segments; export credit shrank 11.9%, loans to individuals kept 15.4-15.5% pace
HCC to repay Rs 200-cr debt, explore sale of BOT projects
The company has exited from two of its build-operate-transfer road projects over the last few months
 "HCC to repay Rs 200-cr debt, explore sale of BOT projects")
Suzlon completes sale of German subsidiary Senvion, nets Rs 7,000 cr
The company will use proceeds to retire debt and expand business
 "Suzlon completes sale of German subsidiary Senvion, nets Rs 7,000 cr")
Ruchi Soya to invest Rs 500 cr in Maharashtra in food processing
The company will extend its services to soya and tomato farmers in the state
 "Ruchi Soya to invest Rs 500 cr in Maharashtra in food processing")
Transporters' nationwide strike a partial success
State capitals which organised unions of autorickshaw drivers like Bengaluru and Delhi, saw commuters face serious problems
 "Transporters' nationwide strike a partial success")
VRL Logistics soars 43% on debut
Bumper listing follows record 74-times subscription to its IPO
 "VRL Logistics soars 43% on debut")
Sebi tweaks mutual fund norms
Wants stress tests for liquid and money market funds, changes product labelling rules
 "Sebi tweaks mutual fund norms")
3rd week of bears in charge
Sensex, Nifty close near 4-month lows, FII selling continues
 "3rd week of bears in charge")
UFO Moviez IPO subscribed two times
Investors in movie distribution firm raise Rs 600 crore
 "UFO Moviez IPO subscribed two times")
Marico net up 24% on other income, lower finance costs
Growth in domestic sales volume stood at 7%
 "Marico net up 24% on other income, lower finance costs")
Shanta Biotech co-founder acquires food chain Hyderabad House
Food Krafters & Services LLP plans to restructure the existing 40 outlets of the food chain Hyderabad House
 "Shanta Biotech co-founder acquires food chain Hyderabad House")
Bajaj bets on new Pulsar range to up market share in Gujarat
The new Pulsar range comprising the Pulsar AS200, Pulsar AS150 and Pulsar RS200 is priced between Rs 80,000 to Rs 1.3 lakh