Happiest Minds Technologies: Happiest Minds is set to make it debut on the bourses . The issue, which was sold between September 7 and September 9 in the price band of Rs 165-166, was subscribed 151 times.
State Bank of India: The country’s largest lender State Bank of India (SBI) could be sitting on a goldmine when it comes to its digital startup YONO (You only need one). The super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a certain size.
SpiceJet, InterGlobe Aviation: Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue from the coronavirus pandemic, the country’s aviation minister said on Wednesday.
Tata Teleservices Maharashtra: Shareholders of Tata Teleservices Maharashtra have approved raising of up to Rs 5,000 crore by issuing preferential shares to parent firm and non-convertible debentures on private placement basis, according to a regulatory filing.
Procter & Gamble Health: The company, formerly known as Merck reported a 10.8 per cent jump in June quarter net profit at Rs 48.9 crore. The profit growth came despite a fall in sales to Rs 200.3 crore due to the COVID-19 pandemic, as against Rs 224.9 crore in the April-June period of last year.
Oil India: State-owned Oil India lost Rs 148 crore in revenue in 100 days from the closure of oil and gas wells in the vicinity of the Baghjan fire in Assam, Oil Minister Dharmendra Pradhan said on Wednesday.
Marico: Marico Limited has extended its edible oil brand Saffola into ayurveda by launching immunity boosting products – kadha and milk mix – to cash on the increased awareness and interest in such products, especially ones with natural ingredients.
Lakshmi Vilas Bank: Non-banking finance company Clix Capital expects to complete its due diligence of Lakshmi Vilas Bank in the next “two to four weeks”, following which it will formally apply to the Reserve Bank of India (RBI) for an approval, its chairman, Pramod Bhasin, told ET.
Mindtree: Mindtree co-founder Krishnakumar Natarajan and his immediate relatives have sold more than 42 lakh or 2.55 per cent shares in the IT services company for approximately Rs 530 crore.
Manaksia: Subham Buildwell and Subham Capital sold 6,10,000 shares and 7,15,000 shares respectively of Manaksia Ltd to promoter Manaksia Steels at Rs 39.65 per share.
Indian Energy Exchange (IEX): Dalmia Cement (Bharat) bought shares of 70,00,000 shares of IEX from DPVL Ventures at Rs 206.20 per share. Last week too, the company had bought 5,149,844 shares of IEX at Rs 190.10 per share. Dalmia Cement (Bharat) is a 100 per cent subsidiary of Dalmia Bharat Ltd.
Mahindra & Mahindra (M&M): Mahindra & Mahindra said it has launched contactless option for accessories, extended warranty and workshop related payments for its entire range of vehicles.
Bandhan Bank: Bandhan Bank has recreated a broader vertical called “emerging entrepreneurs business” which includes its microbanking division, micro home loan and micro enterprise loans. The bank on Wednesday announced the appointment of Kumar Ashish as the head of this new division.
YES Bank: Managing director and chief executive Prashant Kumar on Wednesday termed its bailout by banks led by SBI, and the subsequent actions as an “honest” attempt to build an institution.