Auto Sector

The week to June 23, 2023 was a relatively tepid week for start-ups with funding lower at $149 million across 20 deals as compared to funding of $190 million across 21 deals in the week prior to that.

The penalties were imposed on June 22nd after inspections conducted by the RBI.

This is because of the issuance of Form 483 by the US Food and Drug Administration (USFDA) on its Pithampur formulations facility, citing eight observations

HDFC Life stated that the input tax credit (ITC) dispute is an issue that affects the entire industry and that the business will take the proper actions in due course to respond to the show cause notice and contest the matter.

According to the provisions of the Agreement, "the ultimate number of shares to be held can change based on the financial performance of Mylab for the year ending on March 31, 2024," the business said.

According to the statement, the investment is a portion of a total infusion of Rs 1,125 crore by a group of lenders, and it would be used for debt restructuring.

The board of ICICI Bank has scheduled a meeting for June 29 to discuss the possibility of delisting the company's shares.

The business stated in an exchange filing that "the recruitment activities in TCS are not handled by the Resource Management Group (RMG) as alleged, therefore the reference to the alleged scam in the recruitment process is incorrect."

The company has raised around Rs 60 crore in pre-IPO placement from institutional investors which gradually reduced the issue size.

Spot gold increased by 0.3% to $1,926.29 per ounce. U.S. gold futures also increased by 0.3% to $1,936.10 per ounce.