Page 6 - Bs Reporter

Firms that didn't sign Google contracts became extinct, says CCI

Google's alleged anti-competitive agreements prohibited original equipment manufacturers from producing a version of the OS that had not been approved as Android-compatible by Google

RCap insolvency: SC agrees to hear Torrent plea against NCLAT order

Hearing on March 20; second round of auction of RCap auctions allowed by NCLAT stand deferred, say lawyers

India's economic recovery to help improve credit quality of fincos: S&P

However, the improvement will not be uniform; stronger firms will likely gain market share, weaker ones may resort to originate-and-distribute business models to tide over liquidity stress

SBI MF's dividend yield fund collects over Rs 3,600 crore during NFO

NFO receives around 123,000 applications from over 70% of pincodes in India, the fund house says

Adani group stocks gain for second week. add Rs 75,263 in market cap

This despite some group firms, including flagship Adani Enterprises, shedding some gains in past two trading sessions

Moody's lowers Vedanta Resources' rating, flags rising refinancing risks

Rating agency maintains negative outlook on firm

ICICI Bank given time till Sept 2024 to pare stake in ICICI Lombard

Lender currently holds a little over 48% in the general insurer; must bring that down to 30%

Bank credit grows 15.5% YoY in Feb 24 fortnight to Rs 134.5 trillion

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

Paytm Payments Bank goes live with UPI Lite for small value transactions

According to NPCI, users will receive a daily transaction history of all the payments made through UPI LITE as an SMS from their banks.

Mixed day for Adani Group companies; AEL falls 4,2%, Adani Wilmar up 2.8%

The stock of Adani Power closed at Rs 196.05, Adani Transmission at Rs 860.85, Adani Green Energy at Rs 650.55 and Adani Total Gas at Rs 904.95 apiece on BSE

Citi appoints Bhanu Vohra as head for commercial banking in India

Unit addresses financial services requirements of emerging large corporates and mid-market enterprises

Kauvery Hospitals gets $70 mn investment from PE fund managed by IIFL AMC

Money will help company to expand business and expand capacity in South India

Cholamandalam Investment, Aptus deny talks for merger after media reports

Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value

No Succession and Game of Thrones as HBO signs out from Disney+ Hotstar

Disney+ Hotstar subscribers in India will not be able to watch Home Box office (HBO) content on the platform after March 31

Shriram General Insurance opens two women-only branches in the north

The firm plans to replicate the model nationwide, going forward

DMRC has to pay from funds lying in its account, RInfra arm tells Delhi HC

The DAMEPL counsel argued that DMRC's stance that the corporate veil cannot be lifted does not hold water since it went ahead and did just that

Online Manipal announces a scholarship of 25% for female candidates

In 2022, Online Manipal launched the #EmpowerHer initiative in order to do its part in supporting women who wish to make their dreams a reality through higher education

Clear starts GST e-invoicing generating services for large taxpayers

Firm says since the infrastructure is largely digital, it is simultaneously affordable, scalable, modern, secure and pervasive

RBI launches mission to make every citizen a user of digital payment

As many as 58% of some 90,000 respondents in an RBI survey said they were not using digital payments; a large chunk, in fact, was not even aware of them

PR body ties up with Mediation Mantras to resolve disputes via conciliation

The aim is to encourage a mediation mindset that helps individuals and firms shift from an adversarial win-lose method of approaching business and human interaction, to a win-win way for all