Bank of America reports a revenue of $22.1 billion in Q4
The bank stated that fourth-quarter profit rose 28% to $7.01 billion, or 82 cents a share, outperforming the 76 cents a share average.
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Tata Capital invests $10 million in HR tech, ZingHR
The funds will be used for expansion into global markets, upgrading technology and scaling up its talent pool.
Funds for bank recapitalization unlikely to be in Budget: Report
It expressed that the public banks stood to roll over their auxiliary tier 1 bonds that were unsettled for a call option in FY22, contemplating a strong investor thirst for their distributions, which portends well for their future issuances.
Infosys reports 11.8% rise in net profit to ₹5,809 crore in Q3
The company witnessed an increase in the number of its Women Employees to 39.6% in December 2021 which was up to 38.3% last year during the same month.
Stock Market update: Metal stocks Tata Steel, JSW trade in red as Jeffries downgrades rating
The bank has diminished its sanguinity on Indian metals just after the commencement of the year 2022.
CMS Info Systems files draft papers with SEBI to raise Rs 2,000 crore via IPO
The IPO comprised an absolute offer for sale of nearly ₹2,000 crore by Sion Investment Holdings Pte, a subordinate of Baring Private Equity Asia.
Go Fashion India files IPO papers to raise funds
"The IPO consist a fresh issue of shares for Rs 125 crore with an offer for sale by promoters PKS Family Trust and VKS Family Trust and the investors of Sequoia Capital India Investments IV, ICICI Venture’s India Advantage Fund Series 4 I and Dynamic India Fund S4 US I," the company announced while filing the draft red herring prospectus with the Securities and Exchange Board of India.
KFC, Pizza Hut operator Sapphire Foods files DRHP with SEBI to raise funds via IPO
Sapphire Foods, an extensive channel of restaurant operators and the largest franchisee of Yum Brands in the Indian landscape, is endorsed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss.
AU Small Finance Bank reports 15% hike in net profit for June quarter
Net investment inhabited a growth of 40 per cent to Rs Rs 724 crore from Rs 516 crore. Due to the variant decrease in the cost of funds by 88 basis points under the facilitation growth, as quoted by the bank. The tax was said to be higher by 15 per cent even after profit investment.
KLP divests from Adani Ports on links with Myanmar Military
On February 1, a military coup in Myanmar and an ensuing crackdown on mass protests in which hundreds had been killed had drawn the international condemnation and sanctions on military figures and military controlled entities.
Maharashtra govt announces Rs 50 lakh for village with zero COVID case
In order to curb the novel coronavirus cases in the state, the Maharashtra government has announced a ‘corona-free village’ contest.
Chhattisgarh CM writes to PM Modi seeking uniform vaccine rates
Baghel said, “It is necessary to prepare a detailed action plan before organising a vaccination drive at such a huge scale.”
L&T to hoist funds via Rs 3,000 crore rights issue
The company is yet to reveal details of the rights issue, including price and entitlement ratio. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.