Page 6 - Top Business Headlines

YES Bank board approves buyback of overseas bonds up to $200 mn

The lender will do the repurchase at 97% of the principal amount of the notes.

Centre will next arrest Manish Sisodia in false case: Delhi CM Kejriwal

Health Minister Satyendar Jain's arrest is part of conspiracy to harass AAP government, he says

Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May

A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception

Alternative data insights startup Synaptic raises $20 mn from Valor

Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars

Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr

The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022

Tata Motors to charge up its EV business with Ford Sanand plant buy

TaMo to take over land, plant building, machinery, and vehicle assembly along with all workers employed by the unit

Sun Pharma posts Rs 2,277 cr Q4 loss over settlement of pending US lawsuits

Provides for the settlement charges, says adjusted profit for Q4FY22 at Rs 1582 cr, up 18% YoY after excluding exceptional items of Rs 3,935.7 cr and one-time tax gain of Rs 76.4 cr

Adani Enterprises seen replacing Shree Cement in Nifty 50 index

Analysts say AEL meets all requirements to make it to the benchmark index. Inclusion will be a big boost for the stock, resulting in passive inflows of $183 million

Centre garners Rs 471 crore from stake sale in Paradeep Phosphates

The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23

A power crisis on an old track and a plan that was never implemented

The Railways' decision to stick with steel wagons may have contributed to the shortage of rakes to haul coal to generating plants

Privatisation process of two PSBs at advanced stage, says DFS Secy Malhotra

While NITI Aayog has suggested names of two banks for privatisation, Centre is yet to make a provision for the divestment of govt stake sale below 51%

Centre announces Rs 1,000 cr scheme for power and RE equipment making zones

The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore

Design operations platform Cubyts gets seed funding of $1.8 million

Cubyts' key offerings include deploying team-wide design processes and enable teams to confidently run design projects

Who was Sidhu Moose Wala? The 28-year-old rapper shot dead in Punjab

Shubhdeep Singh Sidhu, better known as Sidhu Moose Wala, was just 28-year-old and had millions of fans of his Punjabi rap music all over the world

Airlines upbeat as business travel rebounds after a 2-year lull in pandemic

Domestic air traffic till now was largely fueled by leisure and people visiting their families

Jayaswal Neco case to help bankrupt cos, lenders to resolve debt faster

Lenders may sign out-of-court settlements with other bankrupt companies, ARCs

Invact Metaversity CEO Maheshwari steps down, will explore other avenues

The company has been in news as both the founders, Maheshwari and Tanay Pratap, had differences on how to run the firm

Tata Motors files all-time high of 125 patents across innovations in FY22

The firm has also been granted 56 patents during the same period

Adani Enterprises subsidiary picks 50% stake in General Aeronautics

Made for an undisclosed amount, the acquisition will help Adani leverage its own military drone as well as AI and ML capabilities for extending work into domestic farm sector

JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.