Fri, Mar 1, 2024 5:28 PM
China sets deadline for cities to set up financing coordination mechanism
A Flip by Avya Verma
Sebi proposes changes to SME listing framework, including increasing minimum application size to Rs 2 lakh, changing allocation methodology for non-institutional investors, limiting 'Offer For Sale' portion to 20% of issue size, and raising minimum allottees requirement to 200, to address concerns over high subscription levels and listing gains.
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California-based digital transformation solutions company UST has come on board as an investor to back Mumbai-based Uniqus Consultech, a tech-enabled platform that is backed by Nexus Venture Partners and Sorin Investments. This investment is part of a $10 million series B funding round that Uniqus had announced in April this year.
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Provisioning for bad loans by banks fell 2.9% to Rs 27,318.2 crore in the September quarter, driven by a decline in public sector banks, while private sector banks saw a 12.5% increase in provisioning. Private sector banks outperformed PSBs on the income front, with 11.3% growth in net interest income.
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