Zomato

Competition Commission of India orders an investigation against online food delivery platforms Zomato and Bundl Technologies, the operator of Swiggy, into some of their conduct following a complaint filed by the National Restaurant Association of India that alleged contravention of rules by the two companies.

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SBI Card and Payment Services 

Private equity firm Carlyle Group will sell its entire stake in SBI Cards and Payments Services Ltd for as much as Rs 2,558 crore, according to deal terms seen by Moneycontrol. CA Rover Holdings, a Carlyle entity, which as of the December 2021 quarter, held 29.20 million shares or a 3.09 % stake in SBI Cards will sell its entire stake in the firm, through a block trade. The shares are being offered between Rs 851.50-876.75 a share, which represents around a 3 % discount from the current market price.

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Paytm Payment Bank 

The bank is yet to appoint a firm to conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad told the Parliament. “The RBI (Reserve Bank of India) has further informed that the Paytm Payments Bank Limited has not yet appointed the IT audit firm to conduct a comprehensive System Audit of the IT system of the bank,” Karad said in a written reply to a question on April 4.

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Tata Consultancy Services (TCS) 

The company has entered into a strategic partnership with Payments Canada, the country’s largest payment organization, to transform its payment system operations and help implement the Real-Time Rail (RTR), the new real-time payments system that will allow Canadians to initiate payments and receive irrevocable funds in seconds.

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3i Infotech 

The company has secured a cloud transformation deal for its NuRe platform, from one of the large commercial banks in the Asia-Pacific region. The deal size is approximately Rs 6.04 crore.

IDFC First Bank 

The bank has posted a 12.6% growth in customer deposits at Rs 93,138 crore for the fourth quarter ended March 31, 2022 (Q4FY22) as compared to Rs 82,725 crore in Q4FY21. Gross Funded Assets stood at Rs 132,067 crore at the end of the fourth quarter of 2021-22.

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IRB Infrastructure Developers 

The project of the eight-lane Vadodara Kim Expressway in Gujarat under NHDP Phase-VI on Hybrid Annuity Mode implemented by its subsidiary has received a Provisional Certificate from the Competent Authority. The subsidiary received Provisional Certificate after substantial completion of the works in 22.585 km out of 23.740 km of the project highway. Consequently, the SPV is eligible for receipt of Bi-annually annuity payments from NHAI for the operation period of 15 years.

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State Bank of India (SBI)

The bank has inked a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to offer special benefits to the serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme.

IndusInd Bank 

The private sector lender said net advances of Rs 2.39 lakh crore at the end of March 2022 quarter grew by 13 % compared to the year-ago period and up 5 % compared to the previous quarter. Deposits increased by 15 % YoY and 3 % QoQ to Rs 2.93 lakh crore in Q4FY22.

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Vodafone Idea

Vodafone has raised its stake in debt-ridden Vodafone Idea to 47.61% through its subsidiary Prime Metals. The company earlier held a 44.39 per cent stake in Vodafone Idea (VIL). Vodafone Idea’s board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoter group entities – Euro Pacific Securities, Prime Metals and Oriana Investments – for about Rs 4,500 crore.

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Max Healthcare Institute 

SBI Funds Management acquired more than 1 crore equity shares in the company via open market transactions on March 31. With this, its shareholding in the company stands at 9.22 %, up from 8.19 % earlier.

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Bank of Maharashtra 

The bank’s deposits grew 16.46% to Rs 202,641 crore (Provisional) as of March 31, 2022 (Q4FY22), as compared to Rs 174,006 crore on a yearly basis. On a quarterly basis, the deposits were up 8.59% from Rs 186,614 crore as of December 2021. Gross Advance stood at Rs 136,733 crore as of March 31, 2022, posting a 27.02% rise in year-on-year (YoY) terms against Rs 107,654 crore as of March 31, 2021, and on a quarter-on-quarter (QoQ) basis stood at Rs 129,006 crore in December 2021.

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Indian Oil Corporation (IOC) 

The company is planning to invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast. 

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HDFC Bank

The bank’s advances have aggregated to around Rs 13,690 billion as of March 31, 2022 (Q4FY22), a growth of around 20.9% over Rs 11,328 billion as of March 31, 2021, and a growth of around 8.6% over Rs 12,609 billion as of December 31, 2021. The Bank’s deposits aggregated to around Rs 15,590 billion as of March 31, 2022, a growth of around 16.8% over Rs 13,351 billion as of March 31, 2021, and growth of around 7.8% over Rs 14,459 billion as of December 31, 2021.