Page 2 - Bs Reporter

IPO of Avalon Technologies subscribed 2.21 times on final day of offer

The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore

RBI monetary policy review: What led to the interest rate pause?

Real GDP growth for FY23 is expected at 7%, indicating resilient economic activity

Rupee, bonds gain ahead of RBI's monetary policy review decision

The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows

Citi launches its branch in GIFT IFSC; to offer financing solutions

The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions

Beauty e-retailer Nykaa sees healthy revenue growth trend for FY23

Growth from tier 1 consumer have demonstrated sustained consumption

How banks' lending rates have gone up faster than deposit rates

According to ICICI Securities, with the credit-deposit ratio at 75.3 per cent, this could put further pressure on deposit rates

Cube Highways files document for privately placed Rs 5,226-crore InvIT

The InvIT, Cube Highways Trust, will raise Rs 3,803 cr in fresh capital and Rs 1,423 cr by way of secondary share sale by sponsor Cube

Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2

Issue closes tomorrow; firm had allotted shares worth Rs 389 cr to anchor investors Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs and Neuberger Berman

Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

TN govt, IIT Madras tie up to connect rural students to electronic science

Initiative designed to cover 100,000 students from 252 govt schools

IKF Finance raises Rs 250 cr from Accion's Digital Transformation Fund

IKF is among the few lenders to have grown consistently and delivered profits across economic cycles. Despite Covid and other macro headwinds, IKF has grown by as much as 40% in the past few years

Paytm stock gains as gross merchandise value rises 40% in March quarter

Firms says it has hit a new milestone in offline payments with 6.8 million devices deployed

Bajaj Finance booked highest ever new loans in FY23 at 29.6 million

AUM grew 29% YoY in Q4 to Rs 2.47 trillion

Skyroot test test-fires advanced fully 3D-printed cryogenic engine

This achievement follows the November 2022 launch of Vikram-S, which made Skyroot the first Indian private company to send a rocket into space

IRB Infra becomes the first company to list privately-placed InvIT

Private trust becomes first to get listed on NSE post SEBI guidelines

SBI digital services impacted due to tech glitch, resolved later

Earlier in the day some customers complained in social media that they were unable to access net banking, Unified Payment Interface (UPI) of SBI

IPO of Avalon Technologies subscribed 3% on first day of issue

The retail investor portion of the issue was subscribed 16 per cent

Tata Steel subsidiary Tinplate Company set for Rs 2,000 crore expansion

TCIL's current capacity is 415,000 tonnes; first phase of expansion, which involves an investment of Rs 2,000 crore, would add another 300,000 tonnes

Adani Ports & SEZ completes Rs 1,485 cr acquisition of Karaikal Port

APSEZ will spend another Rs 850 cr over time to upgrade infrastructure and reduce the logistics cost for customers

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052