Yogesh Kabirdoss

Chennai, India

Assistant Editor at The Times of India

Assistant Editor, The Times of India, Chennai

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Articles

Indian Bank reduces Repo Linked Benchmark Lending Rate by 0.35%

2 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingCHENNAI: In the wake of RBI's repo rate cut by 25 basis points, public sector Indian Bank on Wednesday announced a reduction in Repo Linked Benchmark Lending Rate by 0.35% (35 basis points) from 9.05% to 8.7%. The revised lending rates would be effective from April 11, 2025, the bank said in a statement. This move would lower borrowing costs for customers with loans linked to RBLR such as home loans and business loans, it added.
PE-VC funding in late stage cos dips as investors turn cautious

2 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingPE-VC investments in late-stage companies have significantly declined, plummeting by 61% from $23.4 billion in CY2021 to $9 billion in CY2024, reflecting investor caution. This trend continues into the current fiscal year, with investments down to $1.2 billion in Jan-March CY2025. The market recalibration emphasizes profitability and cash flow over hypergrowth, impacting deal values and exit options.
PE-VC investments in late stage companies decline as investors turn cautious

2 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

Chennai: Private Equity-Venture Capital (PE-VC) investments in late stage companies plunged by 61% over the past four years as investors have turned cautious. It has recorded a sharp decline from $23.4 billion in CY2021 to around $9 billion last year (CY2024), data sourced from research firm Venture Intelligence has revealed.
Found in translation: A catchphrase for corporate coups

2 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingIn 1991, M Kumar, then a 28-year-old M Tech graduate, fresh off a five year stint in his first job, faced the longest job interview of his life, which lasted a year, over three phases. His prospective employer – L&T, had decided to manufacture plastic injection moulding machines in India, setting up its base in Manapakkam, through L&T Plastics Machinery Ltd.
Trump tariff: Gain for leather, apparel, pain for carpets

2 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingIndian manufacturers foresee growth in US revenues for leather goods, non-leather footwear, and textiles, driven by lower tariff rates compared to China, Vietnam, and Bangladesh. However, Indian carpet makers express concerns over the competitiveness of their products due to higher tariffs compared to Turkey, Azerbaijan, and Nepal, threatening their business margins.
NPCI developing 'federated model' to counter fraud transactions using UPI

3 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingCHENNAI: The National Payments Corporation of India (NPCI) is piloting a 'federated model' in collaboration with banks to eliminate frauds using Unified Payments Interface (UPI) transactions. India's umbrella organisation for operating retail payments and settlement systems is also leveraging on Artificial Intelligence (AI) and Machine Learning (ML) tools to detect suspicious transactions through UPI.
Startup funding rises 10% to $7.9bn in March quarter

3 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingPrivate equity-venture capital investments increased by 10% in the January-March 2025 period, reaching $7.9 billion. Notable deals included Bain Capital's Rs 4,390 crore investment in Manappuram Finance, Actis' $163 million investment in Stride Climate Investments, and Darwinbox's $140 million raise led by Partners Group and KKR. CHENNAI: Private equity-venture capital (PE-VC) investments grew 10% during Jan-March 2025 to $7.9 billion from $7.2 billion in the year-ago period.
Indian Bank gets demand notice for Rs 873 crore from income tax dept

4 weeks ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingCHENNAI: Public sector Indian Bank has received a notice of demand from the assessment unit of the income tax department for Rs 873 crore. It pertains to the AY 2017-18 regarding certain disallowances, the bank informed the stock exchange. Indian Bank is in the process of filing an appeal before the appropriate forum. Looking to the precedence/orders of appellate authorities, it believes that there are adequate factual and legal grounds to reasonably substantiate its position in the matter.
Income tax dept sends demand notice to IOB for Rs 559 crore

1 month ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

TrendingCHENNAI: The income tax department has sent a demand notice to state-run Indian Overseas Bank (IOB) for Rs 559 crore. The notice under Section 156 of Income Tax Act, 1961 from the assessment unit of the income tax department on Monday pertains to certain disallowances/additions during AY 2023-24, the bank informed the stock exchange on Tuesday. IOB is in the process of filing an appeal before the appropriate forum.
IOB raises Rs 1,436 crore through QIP

1 month ago | timesofindia.indiatimes.com | Yogesh Kabirdoss

IOB MD & CEO Ajay Kumar Srivastava CHENNAI: Public sector Indian Overseas Bank (IOB) has raised Rs 1,436 crore through qualified institutional placement (QIP). More than 62% of the total shares under the QIP process was allotted to LIC, IIFL, SBI Pension Fund Scheme and LIC Pension Fund Scheme.