Planify News

Comprehensive, up-to-date news coverage, aggregated from sources all over the world on hot PreIPO, Upcoming IPO's , Growing startups and Delisted stocks in India 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐭𝐫𝐚𝐝𝐞𝐚𝐛𝐥𝐞 by Planify News.
  • Elcid Investments consolidated net profit declines 37.25% in the March 2022 quarter

Elcid Investments consolidated net profit declines 37.25% in the March 2022 quarter

May 31, 2022

In the year ending March 2022, net profit increased by 23.43 % to Rs 100.04 crore, up from Rs 81.05 crore the previous year. Sales increased by 25.10 % to Rs 134.78 crore in the fiscal year ending March 2022, compared to Rs 107.74 crore the previous year.

Source: Business Standard

  • INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

May 30, 2022

INR 1000 Crore worth Skill Loans announced by SATYA MicroCapital Ltd. in association with NSDC

Source: ANI News

  • ELCID Investments Ltd Board recommends Final Dividend of Rs. 15

ELCID Investments Ltd Board recommends Final Dividend of Rs. 15

May 30, 2022

The Board of Directors of ELCID Investments Ltd at its meeting held on May 30, 2022, has recommended payment of final dividend of Rs. 15 per equity share

Source: Equity Bulls

  • NCDEX launches call center to educate farmers about agricultural derivatives

NCDEX launches call center to educate farmers about agricultural derivatives

May 29, 2022

A media release issued by NCDEX said that the initiative will help farmers and FPOs to access all types of information regarding the exchange functionalities, product-related queries, spot prices, delivery and settlement related queries etc. on a real-time basis.

Source: Economic Times

  • SEBI fines Yashovardhan Birla, 3 others in Birla Cotsyn GDR case

SEBI fines Yashovardhan Birla, 3 others in Birla Cotsyn GDR case

May 25, 2022

Capital markets regulator SEBI on Wednesday imposed a fine totalling Rs 50 lakh on four individuals, including Yashovardhan Birla, in a case related to irregularities in the Global Depository Receipts (GDRs) issuance by Birla Cotsyn (India) Ltd. In its order, the regulator imposed a fine of Rs 20 lakh on PVR Murthy, Rs 10 lakh each on Yashovardhan Birla, YP Trivedi and Mohandas Adige and asked them to pay the penalty within 45 days.

Source: Moneycontrol

  • Sebi withdraws permanent recognition granted to ICEX

Sebi withdraws permanent recognition granted to ICEX

May 19, 2022

The Securities and Exchange Board of India has withdrawn the recognition granted to the Indian Commodity Exchange Limited, vide notification dated May 18, 2022," according to a press release issued by the regulator.

Source: Economic Times

  • We plan to diversify into non-agri, target non-price sensitive commodities: NCDEX chief

We plan to diversify into non-agri, target non-price sensitive commodities: NCDEX chief

May 18, 2022

NCDEX, the country’s largest agriculture derivatives focused exchange, is fast rebuilding investor confidence after the sudden ban of futures trading in seven commodities including wheat, paddy (non-basmati), chana, mustard seeds and their derivatives, soyabean, crude palm oil and moong.

Source: BusinessLine

  • Shriram Life Insurance eyes 30% growth in FY23

Shriram Life Insurance eyes 30% growth in FY23

May 18, 2022

Shriram Life Insurance Company Ltd. said it was eyeing 30% growth in business in the current fiscal. The company highlighted thatt it had settled a total of 53,800 claims, including group claims, in FY22 compared with 25,054 the previous year and 27,184 in FY20.

Source: The Hindu

  • Tamilnad Mercantile Bank net profit rises 36.2%

Tamilnad Mercantile Bank net profit rises 36.2%

May 17, 2022

Tamilnad Mercantile Bank (TMB) has posted a net profit of Rs 821.9 crore for FY 2022, an increase by 36.2% when compared with the corresponding year of FY21.

Source: Times of India

  • Capital Small Finance Bank standalone net profit rises 36.89% in the March 2022 quarter

Capital Small Finance Bank standalone net profit rises 36.89% in the March 2022 quarter

May 14, 2022

For the FY22,net profit rose 53.43% to Rs 62.57 crore in the year ended March 2022 as against Rs 40.78 crore during the previous year ended March 2021. Total Operating Income rose 13.06% to Rs 578.22 crore in the year ended March 2022 as against Rs 511.44 crore during the previous year ended March 2021.

Source: Business Standard

  • Planify To Hire Around 200 Employees

Planify To Hire Around 200 Employees

May 11, 2022

They are looking for fresh and experienced talent from the millennial generation, particularly those between the age group of 25-35 years, with areas of expertise in financial analyst, valuation analyst, Python Developers, Frontend Developers, Android & iOS Developers the statement said.

Source: BW Businessworld

  • Tata Technologies offers to set up EV production unit in Punjab

Tata Technologies offers to set up EV production unit in Punjab

May 4, 2022

In a major initiative aimed at giving fillip to industrial development of the state on one hand and opening new vistas of employment for youth on the other, Tata Technologies on Wednesday offered to set up its ambitious electric vehicle (EV) production centre in Punjab.

Source: Business Standard

  • Exclusive: Ahead Of INR 1,600 Cr IPO, ixigo CFO Steps Down

Exclusive: Ahead Of INR 1,600 Cr IPO, ixigo CFO Steps Down

May 4, 2022

Rahul Gautam will replace outgoing CFO Ravi Shankar Gupta, who has stepped down due to personal reasons

Source: Inc42 Media

  • Arohan Financial looking to raise ₹150 crore from existing investors

Arohan Financial looking to raise ₹150 crore from existing investors

May 4, 2022

Arohan Financial Services Ltd is looking to raise around ₹150 crore from existing investors even as it will take a call on refiling for initial public offer at its board meeting slated sometime in May.

Source: BusinessLine

  • Hero Fincorp standalone net profit declines 61.40% in the March 2022 quarter

Hero Fincorp standalone net profit declines 61.40% in the March 2022 quarter

May 3, 2022

Hero Fincorp's net profit fell 61.40 % to Rs 55.69 crore in the quarter ended March 2022, compared to Rs 144.27 crore in the preceding quarter ended March 2021. In the quarter ended March 2022, sales increased 15.67 % to Rs 1208.78 crore, up from Rs 1045.03 crore in the preceding quarter ended March 2021. For the fiscal year ended March 2022, the net loss was Rs 194.00 crore, compared to a net profit of Rs 70.62 crore in the preceding fiscal year ending March 2021. Sales increased 9.75 percent to Rs 4440.58 crore in the fiscal year ended March 2022, compared to Rs 4045.93 crore in the preceding fiscal year ending March 2021.

Source: Business Standard

  • Mukesh Ambani readies for mega IPOs of Reliance Retail, RJIO

Mukesh Ambani readies for mega IPOs of Reliance Retail, RJIO

April 28, 2022

Mukesh Ambani is gearing up for the launch of two of India’s biggest IPOs by his companies, Reliance Retail Ventures (RRVL) and Reliance Jio Platform (RJPL). Each company is likely to raise ₹50,000-75,000 crore ($6.5 billion to $10 billion) in the stake sale assuming that promoters dilute at least 10 per cent of their holdings.

Source: BusinessLine

  • Fincare Small Finance Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 27th April 2022)

Fincare Small Finance Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 27th April 2022)

April 27, 2022

Fincare Small Finance Bank announced an interest rate rise on fixed deposits of less than Rs 2 crore today, April 27th, 2022. Previously, the bank offered a 6.00 per cent interest rate on deposits maturing in 18 months 1 day to 21 months, but now the rate will be 6.5 per cent, an increase of 50 basis points.

Source: Goodreturns

  • Smaaash To Invest ₹450 Cr In 30 New Stores | Mint

Smaaash To Invest ₹450 Cr In 30 New Stores | Mint

April 27, 2022

The company, which offers sports simulation technology-based games that are popular with children, as well as leisure and recreational activities, will add 600,000 square feet (sq. ft) of entertainment space to reach 1 million sq. ft with the addition of nearly 30 zones by the year-end.

Source: Mint

  • Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

April 26, 2022

We will grow from 22 stores to 50 stores in the next 6 months. It costs us approximately Rs 8-15 crore per center currently, which we are trying to reduce going forward

Source: The Financial Express

  • Luxury goods: With giant mall, Reliance sets sights on next gold rush

Luxury goods: With giant mall, Reliance sets sights on next gold rush

April 26, 2022

Indian tycoon Mukesh Ambani is betting a shopping palace within a $1 billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass.

Source: Economic Times

  • NCDEX Maintains Its Leadership in Agri Derivatives- Clocks three years’ Best Performance

NCDEX Maintains Its Leadership in Agri Derivatives- Clocks three years’ Best Performance

April 24, 2022

NCDEX is a leading, professionally managed, agricultural commodity exchange in India which offers services across the entire post-harvest agricultural commodity value chain.

Source: Krishi Jagran

  • South West Pinnacle bags 3 new contracts worth Rs36.74 crore; stock jumps ~2%

South West Pinnacle bags 3 new contracts worth Rs36.74 crore; stock jumps ~2%

April 22, 2022

South West Pinnacle has received LOI from Hutti Gold Mines Company Ltd. worth Rs. 7.10 crores

Source: Indiainfoline

  • NCDEX average daily turnover jumps 47 per cent despite trading ban on key commodities

NCDEX average daily turnover jumps 47 per cent despite trading ban on key commodities

April 21, 2022

The National Commodity and Derivatives Exchange has reported a 47 per cent increase in average daily turnover at ₹1,857 crore in the financial year ended March 2022 against ₹1,261 crore logged in the previous fiscal.

Source: BusinessLine

  • Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla

Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla

April 19, 2022

Reliance Brands Limited, a subsidiary of Reliance Retail Ventures Ltd, on Tuesday announced it has signed a definitive agreement to invest in couturiers Abu Jani Sandeep Khosla (AJSK) for a 51 per cent majority stake.

Source: Business Standard

  • HDB Financial Services' FY 2021-22 net profit jumps YoY to Rs. 1011.4 crores

HDB Financial Services' FY 2021-22 net profit jumps YoY to Rs. 1011.4 crores

April 16, 2022

For the year ended March 31, 2022, HDBFSL's net revenue grew by 13.0% to ₹ 7,980.8 crore (as against ₹ 7,061.8 crore in the previous year). Profit after tax for the year ended March 31, 2022 was ₹ 1,011.4 crore compared to ₹ 391.5 crore in the previous year, a growth of 158.4%.

Source: Equity Bulls

  • JK Files & Engg eyes Rs 1,000 crore topline in current fiscal; to expand capacity

JK Files & Engg eyes Rs 1,000 crore topline in current fiscal; to expand capacity

April 13, 2022

JK Files & Engineering's Managing Director Balasubramanian V told that if the market improves and the China-plus-one strategy works the way it is being planned, the company hopes to cross the Rs 1,000-crore revenue mark this fiscal, which will be a growth of 20 per cent over FY22.

Source: ET Auto

  • NSE to reintroduce do not exercise facility for stock options on Apr 20

NSE to reintroduce do not exercise facility for stock options on Apr 20

April 12, 2022

The National Stock Exchange (NSE) said it will reintroduce the ‘Do not Exercise’ facility for stock options contracts with effect from April 28, 2022. The move will enable traders to manage their risk better, especially when it comes to out-of-the-money contracts. It will allow them to close their open positions, preventing the risk associated with physical delivery.

Source: Business Standard

  • Why AB InBev is betting on fintech and metaverse

Why AB InBev is betting on fintech and metaverse

April 12, 2022

From investing into financial technologies to entering the metaverse, maker is going all out to build a technology-led customer experience

Source: ETCIO

  • How Sachin Tendulkar-backed Smaaash is making a comeback with 45 stores by June 2022

How Sachin Tendulkar-backed Smaaash is making a comeback with 45 stores by June 2022

April 12, 2022

The Sachin Tendulkar-backed company — which now refers to its business model as Smaaash 2.0 — has stepped away from its traditional ‘for kids’ offering to reimagine itself as a business that caters to the needs of young adults and working professionals. The aim of the space is to give an entertainment center for adults, but with the same vibe as the local club.

Source: Business Insider India

  • AB InBev exclusive II: Premiumisation and experimentation driving Asia growth

AB InBev exclusive II: Premiumisation and experimentation driving Asia growth

April 11, 2022

Premiumisation and flavour experimentation are the major trends driving growth for the alcohol industry in Indian and South East Asia.

Source: FoodNavigator-Asia.com

  • Exclusive: RBI rejection looms over Mobikwik's payment aggregator license

Exclusive: RBI rejection looms over Mobikwik's payment aggregator license

April 11, 2022

Months after its application, the Reserve Bank of India has yet to approve Mobikwik’s application to operate its Zaakpay payment gateway service, two banking industry sources told Entrackr. Consequently, banks have been told to stop dealing with Mobikwik’s payment gateway in 180 days’ time, the source added. That would indicate a very high probability of an eventual rejection.

Source: Entrackr

  • Coinbase stops payments via UPI in India, volumes down after Mobikwik withdrew services

Coinbase stops payments via UPI in India, volumes down after Mobikwik withdrew services

April 10, 2022

Notably, UPI payments are not allowed on other crypto exchanges as well, while Mobikwik wallet, which had partnered with major crypto exchanges, has stopped supporting crypto trading

Source: Moneycontrol

  • Motilal Oswal Home Finance receives $50 million commitment from U.S DFC

Motilal Oswal Home Finance receives $50 million commitment from U.S DFC

April 6, 2022

MOHFL has joined hands with U.S DFC to provide affordable housing finance to woman and low-income group borrowers in India.

Source: ETRealty

  • The Lalit set to support Special Olympics Bharat 2022

The Lalit set to support Special Olympics Bharat 2022

April 5, 2022

Being a part of the hospitality industry, we want to be of service to the people, especially the disparage intersections of the society. We are celebrating #AzadiKaAmritMahotsav with the mission to create opportunities and bring the neglected intersections into the fore,” said Dr Jyotsna Suri, Chairperson and Managing Director, Bharat Hotels Ltd.

Source: thecsrjournal

  • CCI approves deal involving stake purchase in Hero FinCorp

CCI approves deal involving stake purchase in Hero FinCorp

April 4, 2022

The Competition Commission of India (CCI) on Monday approved the acquisition of stake in Hero FinCorp Limited by a Singapore-based affiliate of Apollo Global Management.

Source: Business Today

  • Zepto, Zomato, 7up, ixigo and tons of brands turn pranksters-in-chief for April Fool’s Day

Zepto, Zomato, 7up, ixigo and tons of brands turn pranksters-in-chief for April Fool’s Day

April 1, 2022

April Fool’s Day is that one slot of 24 hours where brands can get away with most things. No wonder we’re subjected to witty, weird, and sometimes outrageous social media posts or digital ads on this day.

Source: afaqs!

  • Bed In Box: Best Double & Single Mattress-In-Box Brands

Bed In Box: Best Double & Single Mattress-In-Box Brands

April 1, 2022

Bed-in-a-Box mattresses have gained popularity in the last few years. The Indian market is dotted with many online sellers who have joined the mattress-in-a-box bandwagon offering double, single, diwan, queen & king sizes.

Source: Outlook India

  • AB InBev set to scale liquor home delivery in Maharashtra

AB InBev set to scale liquor home delivery in Maharashtra

March 31, 2022

Brewer AB InBev, which sells Budweiser and Stella Artois brands, plans to scale its online beer delivery network in Maharashtra, besides exploring opportunities to expand its footprint in other states, subject to local laws.

Source: Mint

  • NSE co-location case: Broker gains under CBI, Sebi lens

NSE co-location case: Broker gains under CBI, Sebi lens

March 30, 2022

The Central Bureau of Investigation (CBI) is focusing on the financial gains made by some brokers when they had unfair access to National Stock Exchange (NSE) systems as part of its investigation into the NSE co-location scam.

Source: Mint

  • Asian Paints’ promoters unite to delist Elcid Investments. Will minority investors be short-changed?

Asian Paints’ promoters unite to delist Elcid Investments. Will minority investors be short-changed?

March 29, 2022

Elcid Investments holds around a 4.3% stake in Asian Paints, which was valued at around INR2,000 crore in February 2013. This translates into an intrinsic value of approximately INR1 lakh per share. Now, the promoter has yet again come up with a fresh delisting offer

Source: Economic Times

  • AB InBev exclusive I: Regional President on how booze business kept fizzing amid pandemic

AB InBev exclusive I: Regional President on how booze business kept fizzing amid pandemic

March 28, 2022

AB InBev India and South East Asia President Kartikeya Sharma has reveals how the firm utilised innovation and marketing strategies to weather COVID-19 challenges and emerge with healthy brand growth

Source: FoodNavigator-Asia.com

  • Reliance Retail all set to enter in instant grocery delivery service with JioMart platform

Reliance Retail all set to enter in instant grocery delivery service with JioMart platform

March 28, 2022

With e-commerce app JioMart, Reliance Retail—billionaire Mukesh Ambani-controlled Reliance Industries’ (RIL’s) organised retail arm—is all set to enter into instant grocery delivery service to give a hard time to the US-based online retail behemoth Amazon and Walmart’s Flipkart in India.

Source: Times Now

  • Capgemini wins contract to look after legacy HMRC Aspire tech

Capgemini wins contract to look after legacy HMRC Aspire tech

March 28, 2022

The UK tax collector has extended its relationship with French IT service provider Capgemini in a £215m contract, which awards the outsourcer work to look after tech provided under the controversial 2004 Aspire contract at least eight years beyond the first proposed end date for the deal.

Source: The Register

  • Tamilnad Mercantile Bank IPO Prospectus Lays Bare History Of Governance Lapses

Tamilnad Mercantile Bank IPO Prospectus Lays Bare History Of Governance Lapses

March 28, 2022

Tamilnad Mercantile Bank recently celebrated 100 years of service to the community. On this occasion, the bank in partnership with the Times Network launched the Aarogya India initiative with the aim of spreading awareness about the importance of vaccination in preventing the spread of COVID-19 virus.

Source: BloombergQuint

  • Goa Shipyard to build dry dock for Sri Lankan navy

Goa Shipyard to build dry dock for Sri Lankan navy

March 25, 2022

In a significant development for Goa Shipyard Ltd and India bilateral ties with Sri Lanka, a floating dock valued at approximately $20 million. Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: http://timesofindia.indiatimes.com/articleshow/90427792.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Source: Times of India

  • How is Fashion E-Commerce Startup Madbow Ventures Planning to Enter Offline Retail Market

How is Fashion E-Commerce Startup Madbow Ventures Planning to Enter Offline Retail Market

March 25, 2022

The brand is targeting to achieve a revenue of Rs 100-120 crore in the next 18-24 months.

Source: https://www.indianretailer.com/

  • Hero FinCorp to offer SimplyCash services in more cities

Hero FinCorp to offer SimplyCash services in more cities

March 25, 2022

Hero FinCorp's SimplyCash, an instant personal loan app services, is all set to be available in more than 200 locations in the next two years.

Source: The Hindu

  • High-Temperature Foaming Agents Reduce Weight and Costs for Engineering Resins

High-Temperature Foaming Agents Reduce Weight and Costs for Engineering Resins

March 23, 2022

These foaming agents can help improve the molding process, and that recent advances in machine technology are allowing molders to foam parts that could not be foamed before.

Source: Plastics Technology

  • ICICI Bank partners with Chennai Super Kings for launch of a credit card

ICICI Bank partners with Chennai Super Kings for launch of a credit card

March 23, 2022

The new card is another addition to an exclusive set of co-branded credit cards offered by the bank to enable sports enthusiasts to connect with their favourite teams as well as avail benefits of a credit card. Four years ago, ICICI Bank launched a co-branded credit card with Manchester United, a professional football club of England.

Source: Business Standard

  • Global Perlite Market Size To Reach USD 2.58 Billion By 2028; Increasing Demand For Perlite From Agriculture Sector Is Driving Global Perlite Market Growth | Emergen Research

Global Perlite Market Size To Reach USD 2.58 Billion By 2028; Increasing Demand For Perlite From Agriculture Sector Is Driving Global Perlite Market Growth | Emergen Research

March 22, 2022

Global Perlite Market Size To Reach USD 2.58 Billion By 2028

Source: Yahoo Finance

  • Godawari Power & Ispat increases stake in Hira Ferro Alloys Ltd to 75.66%

Godawari Power & Ispat increases stake in Hira Ferro Alloys Ltd to 75.66%

March 21, 2022

Godawari Power & Ispat Limited has signed a Share Purchase Agreement with Hira infraTek Limited (HITL) on March 21, 2022 to acquire 44,54,621 equity shares of Hira Ferro Alloys Limited (HFAL) from HITL at a price of Rs224/-per share.

Source: Equity Bulls

  • Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins case

Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins case

March 19, 2022

HC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities

Source: Economic Times

  • OYO reshuffles top management amid IPO delay rumours

OYO reshuffles top management amid IPO delay rumours

March 18, 2022

OYO operator Oravel Stays could clip its Indian IPO from the nearly USD 1 billion initially sought to half that and is considering also halving its expected valuation from the original target.

Source: The New Indian Express

  • Signify launches Philips Motion Sensing LED Batten in India

Signify launches Philips Motion Sensing LED Batten in India

March 15, 2022

Signify, the world leader in lighting, has launched its Philips Motion Sensing LED Batten in India. The Philips Motion Sensing LED batten is priced at an MRP of ₹1,099. It is available in a 20W, 2000 Lumens pack across all small and large electrical stores and e-commerce platforms.

Source: The Mobile Indian

  • ixigo co-founders reveal the secret to the travel-tech startup's success

ixigo co-founders reveal the secret to the travel-tech startup's success

March 13, 2022

Aloke Bajpai and Rajnish Kumar, co-founders of ixigo, recently appeared in Prime Venture Podcast to share their startup’s journey.

Source: YourStory

  • India’s NSE plans new exchange for spot gold

India’s NSE plans new exchange for spot gold

March 12, 2022

India’s National Stock Exchange (NSE) said on Saturday it planned to set up a new domestic spot gold exchange that would bring more efficiency and transparency to bullion pricing.

Source: Business Recorder

  • Planify to hire 100 employees by first half of 2022

Planify to hire 100 employees by first half of 2022

March 11, 2022

With plans to expand and increase the headcount, Planify has announced that it is going to hire 100 employees in the first six months of 2022. Additionally, the company, in an official statement mentioned that it is planning to reach to employee strength of 200 by next year from its current headcount of 50 workers.

Source: People Matters

  • Bank of India ties up with IKF Finance for co-lending

Bank of India ties up with IKF Finance for co-lending

March 10, 2022

Bank of India (BOI) has announced it has entered into a co-lending arrangement for Commercial Vehicle Loans with Vijayawada based NBFC “M/s. IKF Finance Limited”(IKF).

Source: Free Press Journal

  • OYO, Hopper bet on gamification to drive user retention

OYO, Hopper bet on gamification to drive user retention

March 7, 2022

OYO users in the United States will see a new “gaming zone” in the brand’s app.

Source: PhocusWire

  • Reliance Retail acquisition spree aims to make it 'Walmart + Amazon'

Reliance Retail acquisition spree aims to make it 'Walmart + Amazon'

March 3, 2022

Mukesh Ambani-controlled Reliance Retail ramps up acquisitions and partnerships to consolidate its omni-channel retailing. It has completed over 25 acquisitions in the last three years to add to its brand portfolio, products and services and network of physical stores. It has also acquired technology companies to build its omni-channel platform, which includes physical stores, B2B with Kirana stores and e-commerce of JioMart and Ajio.

Source: Fortune India

  • Agri commodity futures ban takes toll on NCDEX

Agri commodity futures ban takes toll on NCDEX

March 3, 2022

NCDEX turnover fell 19 per cent in February to ₹24,980 crore against ₹30,800 crore logged in the same period last year

Source: BusinessLine

  • Medi Assist TPA to service healthcare premiums of over ₹10,000 crore

Medi Assist TPA to service healthcare premiums of over ₹10,000 crore

March 2, 2022

Medi Assist Insurance TPA Pvt. Ltd (Medi Assist) became India’s first third party administrator (TPA) to service more than ₹10,000 crore of active group and retail healthcare premiums.

Source: Mint

  • Medi Assist TPA to service healthcare premiums of over ₹10,000 crore

Medi Assist TPA to service healthcare premiums of over ₹10,000 crore

March 2, 2022

The firm became the first third party administrator in India to service more than ₹10,000 crore of active group and retail healthcare premiums

Source: Mint

  • Sanctions on Russia unlikely to impact Nayara Energy, partly owned by Rosneft

Sanctions on Russia unlikely to impact Nayara Energy, partly owned by Rosneft

Feb. 24, 2022

The sanctions imposed on Russia after it invaded Ukraine on Thursday early morning will not have any impact on Nayara Energy Ltd. (formerly Essar Oil Ltd) which is 49.13% owned by Russian oil major PJSC Rosneft Oil Company

Source: The Hindu

  • Chipset makers see supply normalising by second half of 2022

Chipset makers see supply normalising by second half of 2022

Feb. 23, 2022

Chipset makers like Qualcomm and Mediatek and smartphone makers Realme and Lava expect component supply chain-related challenges for India to be resolved by the start of the second half of 2022 when production and distribution facilities resume normal operations, and even expand capacities.

Source: Economic Times

  • This Small Finance Bank Revises Interest Rates, Check Here

This Small Finance Bank Revises Interest Rates, Check Here

Feb. 23, 2022

Fincare Small Finance Bank (FSFB) has recently modified interest rates on fixed deposits. These include Resident FD rates for General Public and Senior Citizens, along with NRI FD rates for NRE and NRO.

Source: Goodreturns

  • TamilNad Mercantile Bank presents Aarogya India initiative partnered by Times Network

TamilNad Mercantile Bank presents Aarogya India initiative partnered by Times Network

Feb. 22, 2022

One of India’s oldest and leading private sector banks, Tamilnad Mercantile Bank has partnered with the Times Network to kick-start this novel initiative, which is part of the centenary celebrations of TMB. The Aarogya India vaccination awareness van travelled across the city of Chennai to spread awareness among the people on the importance of being inoculated to prevent the spread of COVID-19 infection.

Source: Times Now

  • PharmEasy not in pink of health, shares drop 50% in unlisted market

PharmEasy not in pink of health, shares drop 50% in unlisted market

Feb. 22, 2022

The Mumbai-based med-tech player received the green signal from capital market's watchdog Sebi to float its Rs 6,250 crore-primary stake sale. Existing shareholders aren't planning to sell shares.

Source: Economic Times

  • Section 138 NI Act - Prima Facie Indication That Complaint Is Filed By Authorized Person Of Company...

Section 138 NI Act - Prima Facie Indication That Complaint Is Filed By Authorized Person Of Company...

Feb. 22, 2022

The Supreme Court observed that, in a cheque bounce case, when the complainant/payee is a company, an authorized employee can represent the company.

Source: Live Law

  • PharmEasy not in pink of health, shares drop 50% in unlisted market

PharmEasy not in pink of health, shares drop 50% in unlisted market

Feb. 22, 2022

Shares of PharmEasy have eroded half of investors wealth in the pre-IPO market dropping down to Rs 70-75 on Tuesday. It was trading at Rs 135-140 almost a quarter ago. During its worst trade, the scrip had tanked to Rs 65, dealers said.

Source: Economic Times

  • Elcid Investments Q3 FY22 consolidated PAT at Rs. 16.71 crores

Elcid Investments Q3 FY22 consolidated PAT at Rs. 16.71 crores

Feb. 16, 2022

The company has reported total income of Rs. 23.6873 crores during the period ended December 31, 2021 as compared to Rs. 21.1588 crores during the period ended September 30, 2021. The company has posted net profit / (loss) of Rs. 16.7188 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 15.8252 crores for the period ended September 30, 2021.

Source: Equity Bulls

  • Schneider Electric signs partnership with Nanjing Kisen to deliver next-generation, sustainable cement plants

Schneider Electric signs partnership with Nanjing Kisen to deliver next-generation, sustainable cement plants

Feb. 16, 2022

Schneider Electric, the leader in the digital transformation of energy management and automation has signed a long-term cooperation agreement with Nanjing Kisen, a CNBM (China National Building Material Co., Ltd) company, the international leader in the development of intelligent plant technologies for the cement industry. In alignment with UN Sustainability Goals, the strategic partnership will progress the operational efficiency of intelligent cement plants through innovative digital modernization.

Source: Voltimum

  • Capital Small Finance Bank, Jesons Industries get Sebis nod to float IPOs

Capital Small Finance Bank, Jesons Industries get Sebis nod to float IPOs

Feb. 14, 2022

Capital Small Finance Bank has received markets regulator Sebi's go ahead to raise funds through initial public offerings (IPOs). Going by the draft papers, Capital Small Finance Bank's IPO consists of fresh issuance of equity shares worth Rs 450 crore and an offer for sale (OFS) of up to 38.40 lakh equity shares.

Source: Business Standard

  • Retail shareholding in NSE-listed companies hits 7.32% in December

Retail shareholding in NSE-listed companies hits 7.32% in December

Feb. 10, 2022

The share of retail investors in NSE- listed companies has reached an all-time high of 7.32 per cent in December 2021, and in rupee terms it has touched a record high of Rs 18.98 lakh crore, says a report. However, there was an overall fall in institutional shareholding, largely due to the massive Rs 38,521 crore net outflows from foreign portfolio investors (FPIs) during the quarter, which resulted in their share declining to a nine-year low of 20.74 per cent, from 21.46 per cent.

Source: Business Standard

  • Exclusive: MobiKwik accused by loan defaulter of harassment, privacy breach

Exclusive: MobiKwik accused by loan defaulter of harassment, privacy breach

Feb. 9, 2022

MobiKwik accused by loan defaulter of harassment, privacy breach, to do ethically-dubious practice for securing the payment of a loan availed from its platform.

Source: MediaNama.com

  • SBI and NSE jointly launched five online banking courses

SBI and NSE jointly launched five online banking courses

Feb. 9, 2022

The State Bank of India (SBI) has announced a partnership with NSE Academy, which is a wholly-owned subsidiary of National Stock Exchange of India, to launch five online courses. The Strategic Training Unit of SBI will be at the forefront of the partnership.

Source: People Matters

  • ICEX to shut down commodity trading

ICEX to shut down commodity trading

Feb. 9, 2022

ICEX has applied to market regulator SEBI for it as it does not have the requisite funds to meet the regulatory criteria. SEBI is likely to keep ICEX plea in abeyance for a year as per the rules. but the regulator has also issued a show-cause notice to the exchange asking it why it should not be shut down, the sources said.

Source: BusinessLine

  • Capital Small Finance Bank net profit up 41% in Q3

Capital Small Finance Bank net profit up 41% in Q3

Feb. 8, 2022

Capital Small Finance Bank reported a 41% year on year jump in the third quarter owing to improvement in total income. The bank’s net profit stood at ₹16.65 crore at the end of December compared to ₹11.8 crore during the same period last year.

Source: Mint

  • ICICI Bank shareholding in Fino PayTech rises to 7.4 pc

ICICI Bank shareholding in Fino PayTech rises to 7.4 pc

Feb. 8, 2022

ICICI Bank's shareholding in Fino PayTech (Fino) -- the promoter of Fino Payments Bank (Fino Bank) -- rose to 7.4 per cent post conversion of 40 lakh convertible warrants of Fino into equity, the bank said on Tuesday.

Source: Times of India

  • ICICI Bank shareholding in Fino PayTech rises to 7.4 pc

ICICI Bank shareholding in Fino PayTech rises to 7.4 pc

Feb. 8, 2022

ICICI Bank's shareholding in Fino PayTech (Fino) - The promoter of Fino Payment Bank rose -- rose to 7.4% post conversion 40 Lakhs convertible warrants of Fino into equity.

Source: Times of India

  • Capital Small Finance Bank net profit up 41% in Q3

Capital Small Finance Bank net profit up 41% in Q3

Feb. 8, 2022

Net total income rose 22.6% to Rs76.4 crore at the end of December compared to Rs62.3 crore in the same period last year

Source: Mint

  • Hexaware Receives Guidewire PartnerConnect Consulting Alliance Program Promotion

Hexaware Receives Guidewire PartnerConnect Consulting Alliance Program Promotion

Feb. 8, 2022

Hexaware announced it has been promoted to a Guidewire PartnerConnect Consulting Advantage partner for the AMER (Americas), EMEA (Europe, Middle East and Africa), and APAC (Asia-Pacific) regions to help insurers implement large and complex digital transformation programs globally using Guidewire SurePath delivery methodology and Guidewire Cloud Platform.

Source: PR Newswire

  • Consumption Of Narcotics – Bailable Or Non-Bailable?

Consumption Of Narcotics – Bailable Or Non-Bailable?

Feb. 7, 2022

The Narcotic Drugs and Psychotropic Substances Act, 1985 ("NDPS Act") was enacted to consolidate the law relating to control and regulation of operations

Source: Live Law

  • OYO is now targeting families through its communications to ring in its next phase of growth

OYO is now targeting families through its communications to ring in its next phase of growth

Feb. 3, 2022

Following the successful response to its recent brand films #AisiReachGaye and ‘Kalki Kal Dekhenge,’ OYO recently launched a new advertisement with Chitrangada Singh and Kunal Kapoor.

Source: Business Insider India

  • Panasonic To Begin Test Production Of 4680 Cells For Tesla: Report

Panasonic To Begin Test Production Of 4680 Cells For Tesla: Report

Feb. 3, 2022

During Tesla's recent 2021 earnings call, CEO Elon Musk said the automaker is already producing Model Y crossovers with 4680 battery cells, which Tesla has been making in-house and stockpiling. The brand has also placed a huge order for the cells with Panasonic, and the battery maker plans to test production and prioritize the EV maker when it comes to manufacturing.

Source: InsideEVs

  • Apollo Global set to invest $125 mn in Hero FinCorp

Apollo Global set to invest $125 mn in Hero FinCorp

Feb. 3, 2022

Apollo Global Management has agreed to invest around Rs 940 crore ($125 million) of growth capital to buy into Hero Fincorp. This is part of a larger Rs 2,000-crore capital raising exercise from existing and new investors.

Source: Economic Times

  • BVG India sees topline at Rs 2k cr this fiscal, to double headcount by FY25

BVG India sees topline at Rs 2k cr this fiscal, to double headcount by FY25

Jan. 31, 2022

IPO-bound BVG India, the largest pureplay facility management player that lists the Parliament House, Rashtrapati Bhawan, the 7 RCR, Supreme Court, and the RBI headquarters among dozens of other key installations as its clients, hopes to cross the Rs 2,000-crore revenue mark this fiscal as it looks to focus more on premium residential complexes and many defence installations.

Source: Business Standard

  • Bihar govt inks pact with Tata Technologies to upgrade 150 ITIs; project worth Rs 4.6K crore

Bihar govt inks pact with Tata Technologies to upgrade 150 ITIs; project worth Rs 4.6K crore

Jan. 31, 2022

The Bihar government on Monday signed a deal with Tata Technologies as part of which the company will transform nearly 150 Industrial Training Institutes (ITI) across the state into Centres of Excellence (COEs). According to a statement issued by the company, the Memorandum of Agreement was inked here in the presence of Labour Resources Development Minister Jibesh Kumar. The project envisages upgradation of 149 ITIs at a total expenditure of Rs 4,606.97 crore.

Source: Republic World

  • BVG India sees topline at Rs 2k cr this fiscal, to double headcount by FY25

BVG India sees topline at Rs 2k cr this fiscal, to double headcount by FY25

Jan. 31, 2022

IPO-bound BVG India, the largest pureplay facility management player that lists the Parliament House, Rashtrapati Bhawan, the 7 RCR, Supreme Court, and the RBI headquarters among dozens of other key installations as its clients, hopes to cross the Rs 2,000-crore revenue mark this fiscal as it looks to focus more on premium residential complexes and many defence installations.

Source: Business Standard

  • ICICI Lombard General Insurance Company increases stake in Fino PayTech Ltd

ICICI Lombard General Insurance Company increases stake in Fino PayTech Ltd

Jan. 26, 2022

ICICI Lombard General Insurance Company Limited ("the Company") has an investment in the convertible warrants of Fino PayTech Limited. The Company has received intimation from Fino PayTech Limited on January 25, 2022, regarding conversion of 1,500,000 convertible warrants held by the Company into fully paid equity shares of face value Rs.10 per share of Fino PayTech Limited in the ratio of 1:1.

Source: Equity Bulls

  • The MIT Initiative on the Digital Economy announces a new global research project with Capgemini Invent

The MIT Initiative on the Digital Economy announces a new global research project with Capgemini Invent

Jan. 25, 2022

"The MIT Initiative on the Digital Economy (IDE) today announced a new global research project with Capgemini Invent that will aim to better understand the dynamics of business-to-business platforms and ecosystems."

Source: Yahoo Finance

  • Two-wheeler maker Hero MotoCorp to invest up to Rs 700 cr in Hero FinCorp

Two-wheeler maker Hero MotoCorp to invest up to Rs 700 cr in Hero FinCorp

Jan. 24, 2022

The country's largest two-wheeler maker Hero MotoCorp on Monday said its board has approved to invest up to Rs 700 crore in Hero FinCorp Ltd (HFCL).

Source: Business Standard

  • Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

Jan. 24, 2022

Panasonic is due to start mass producing next-generation lithium-ion batteries for Tesla with five times the energy capacity of existing models as early as 2023, according to a report from Nikkei Asia. Although the batteries are being manufactured primarily for Tesla, a Panasonic executive didn’t rule out supplying them to other companies in a November interview. The new batteries promise to boost the range of electric cars, and make them more affordable to produce and sell.

Source: The Verge

  • Pledging of shares by promoters of NSE-listed companies hits a new low

Pledging of shares by promoters of NSE-listed companies hits a new low

Jan. 24, 2022

Pledging of shares by NSE-listed companies hit an all-time low of 8.99 per cent (as a percentage of total promoter holding) as of December end as against 10.63 per cent logged in January 2021, a study by Prime Data base said.

Source: BusinessLine

  • Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

Jan. 24, 2022

Panasonic is due to start mass producing next-generation lithium-ion batteries for Tesla with five times the energy capacity of existing models as early as 2023, according to a report from Nikkei Asia.

Source: The Verge

  • Bira 91, boAt Collaboration About Celebrating India’s D2C Disruptors, Say Founders

Bira 91, boAt Collaboration About Celebrating India’s D2C Disruptors, Say Founders

Jan. 20, 2022

boAt's Aman Gupta said the Bira 91 collab is about celebrating two pathbreaking Indian brands that disrupted big sectors

Source: Inc42 Media

  • NSE biggest derivatives bourse for 3 years in a row, shows data

NSE biggest derivatives bourse for 3 years in a row, shows data

Jan. 20, 2022

The National Stock Exchange (NSE) has emerged as the top global bourse in terms of derivatives contracts traded for the third year in a row. Around 17.3 billion derivatives contracts were traded on the NSE in 2021, nearly double that of 8.9 billion traded in 2020

Source: Business Standard

  • BVG India plans to raise Rs 1,200-1,300 crore via initial public offering

BVG India plans to raise Rs 1,200-1,300 crore via initial public offering

Jan. 19, 2022

Pune-based integrated facilities management company BVG India plans to raise Rs 1,200-1,300 crore through an initial public offering (IPO), to foray into new areas in facilities management, over the next two-three months.

Source: Financial Express

  • BVG India plans to raise Rs 1200-1300 crore via initial public offering

BVG India plans to raise Rs 1200-1300 crore via initial public offering

Jan. 19, 2022

Pune-based integrated facilities management company BVG India plans to raise Rs 1,200-1,300 crore through an initial public offering (IPO), to foray into new areas in facilities management, over the next two-three months, according to market sources.

Source: The Financial Express

  • Board of Lupin approves acquisition of a portfolio of brands of Anglo-French Drugs & Industries

Board of Lupin approves acquisition of a portfolio of brands of Anglo-French Drugs & Industries

Jan. 18, 2022

The Board of Lupin at its meeting held on 17 January 2022 has approved the acquisition of a portfolio of brands (including all rights and interests associated with such products) of Anglo-French Drugs & Industries and its associates (subject to approval of their shareholders), to strengthen the Company's portfolio in the Vitamins, Minerals and Supplements and CNS segments.

Source: Business Standard

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