RPSGVENT

Feb 11 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• RPSG VENTURES LTD - UNIT TO ACQUIRE CONTROLLING STAKE IN MANCHESTER ORIGINALS

Source text: ID:nNSE84GZ0h

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Feb 4 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• RPSG VENTURES - GOT TAX ORDER FOR DEMAND OF 782.8 MILLION RUPEES

Source text: ID:nNSE7Kl078

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Nov 6 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• SEPT-QUARTER CONSOL NET LOSS 778.5 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 21.66 BILLION RUPEES

Source text: ID:nBSExvmzn

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** Shares of business support services provider Firstsource Solutions FISO.NS rise 6.2% to 334 rupees

** Stock rises after unit acquires Ascensos, a UK-headquartered customer experience outsourcing partner, for a deal at 42 mln pounds ($56.07 mln)

** Firstsource stock on track for fourth straight session of gains, if trend holds

** Avg rating of 10 analysts covering Firstsource's stock at "buy" while rival CMS Info Systems CMSN.NS also rated "buy"

** Median PT for FISO at 315 rupees - LSEG data

** Stock up ~80% so far this year vs a ~50% jump in CMSN

($1 = 0.7491 pounds)

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Firstsource Solutions FISO.NS rise as much as 3.3%, last up 2% to 313.95 rupees

** The business management platform firm announced it will use Microsoft's MSFT.O Azure OpenAI service across its offerings

** Stock on track to snap a four-day losing streak, if trend holds

** FISO and rival CMS Info Systems CMSN.NS both rated "buy" on avg - LSEG data

** FISO stock up ~70% YTD vs ~47% climb in CMSN

(Reporting by Varun Vyas in Bengaluru)

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Aug 9 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.02 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 25.16 BILLION RUPEES

Source text for Eikon: ID:nBSE2m5xLr

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** Shares of Firstsource Solutions FISO.NS rise around 4% to a record high of 278.94 rupees

** Business management services provider said its Q1 profit rose about 7% y/y, rev up 17%

** FISO posts first profit rise in four quarters

** Stock set to gain for third straight session, it has risen about 11% in the period

** FISO's trading vols at 2x their 30-day avg

** Stock up nearly 50% YTD after gaining 80% in 2023

(Reporitng by Nishit Navin)

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** Shares of RPSG Ventures RPSG.NS rise as much as 5.1% to 727.2 rupees, before trimming gains to trade 3% higher

** Information technology and allied services company's unit enter into a deed of assignment with Natures Basket, unit of Spencer's Retail SPEN.BO for purchase of "The Gift Studio" brand for 247.5 mln rupees ($3 mln)

** Stock set to snap three straight sessions of losses

** RPSG set to rise for third straight week, having gained 9% in last two weeks

** Trading volume is 2.7x the 30-day daily avg, highest since April 24

** Stock down ~3% in 2024 so far after gaining 63% in 2023

($1 = 83.4950 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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June 20 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• UNIT ENTERED INTO DEED OF ASSIGNMENT WITH NATURES BASKET

• DEAL FOR PURCHASE OF BRAND " GIFT STUDIO"

• DEAL FOR TOTAL PURCHASE CONSIDERATION OF 247.5 MILLION RUPEES

Source text for Eikon: ID:nBSE2vtXjk

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May 23 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• RPSG VENTURES MARCH-QUARTER CONSOL NET LOSS 997.8 MILLION RUPEES VERSUS LOSS 1.23 BILLION RUPEES

• RPSG VENTURES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 20.2 BILLION RUPEES VERSUS 17.92 BILLION RUPEES

Source text for Eikon: ID:nBSE7GN060

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** Shares of Firstsource Solutions FISO.NS fall as much as 2.7% after third straight quarterly profit fall; last down 1.8%

** Business process management services provider posts 5.5% decline in Q4 net profit to 1.34 bln rupees ($16.1 mln)

** Co approves execution of share purchase agreement of Quintessence Business Solutions & Services for 3.28 bln rupees

** Stock set to fall for a third straight session

** Trading vol is 1.5x the 30-day daily avg

** Avg rating of nine analysts is "buy"; median PT 225 rupees, ~9% higher than current price - LSEG data

** FISO up ~11.5% YTD after rising 80.7% in 2023

($1 = 83.3981 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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NEW DELHI, March 18 (Reuters) - India's Supreme Court ordered the State Bank of India (SBI) SBI.NS on Monday to submit all the details of so-called electoral bonds issued under an opaque political funding system, just a month before general elections.

The further details of the controversial funding mechanism, introduced in 2017 but subsequently scrapped, are expected to make public information linking donors to political parties over the last five years, and the size of their donations.

Corporate funding of political parties is a sensitive matter in India, where the February scrapping of electoral bonds, along with the publicising of the names of donors and recipients, has become a hot topic ahead of elections due by May.

The Supreme Court gave the state-run lender until Thursday to provide the Election Commission of India with the unique identification numbers of the bonds, so as to allow donors to be matched with recipients.

"You have to disclose all details ... we must have finality to it," Chief Justice D.Y. Chandrachud said.

The election commission, in its turn, was directed to make the information public "forthwith".

Last week, the commission made public some data on donations made since April 2019 under the funding mechanism that allowed anonymous unlimited donations by companies and individuals using the electoral bonds.

Some of India's biggest companies, such as Vedanta Ltd VDAN.NS, Bharti Airtel BRTI.NS, RPSG Group and Essel Mining were among the top political funders over the last five years, the data showed.

But last week's data did not link donors to recipients, though it showed that nearly half of all donations were received by the Bharatiya Janata Party (BJP) of Prime Minister Narendra Modi, who will seek a rare third term at the polls.

Critics say such bonds helped companies hide their donations to avoid any accusations of winning favours from the ruling party.

On Sunday, the leader of the main opposition Congress party, Rahul Gandhi, accused Modi's government of using electoral bonds to extort money from companies, an accusation the government has strongly denied.

Industry bodies Assocham, the Confederation of Indian Industry and the Federation of Indian Chambers of Commerce and Industry sought to stop the court from making public information about who donated to which party.

"Protection of anonymity is critical for preserving donors' privacy and guarding against any adversity by any opposing political factions to whom the investment is not made by a corporate," Assocham said.

The court did not hear their plea.

(Reporting by Arpan Chaturvedi and Tanvi Mehta; Editing by YP Rajesh and Clarence Fernandez)

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Adds details, graphic

NEW DELHI, March 14 (Reuters) - Some of India's biggest companies, including Vedanta Ltd VDAN.NS, Bharti Airtel BRTI.NS, RPSG Group and Essel Mining were among the country's top political funders over the last five years under a now-scrapped opaque political funding system, official data showed on Thursday.

The information was made public by the Election Commission of India following an order on Monday from the country's top court, just days before a national election is due to be called.

The political funding mechanism introduced in 2017 allowed companies and individuals to donate unlimited amounts anonymously to political parties.

The funding system, called Electoral Bonds, was challenged by opposition lawmakers and a civil society group on the grounds that it hindered the public's right to know who had given money to political parties.

The Supreme Court banned Electoral Bonds last month, calling them "unconstitutional".

Under the system, a person or company could buy bonds from government-owned State Bank of India SBI.NS and donate them to a political party.

Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) was the largest beneficiary of these bonds, which were donations, garnering 55% of the bonds worth 120 billion rupees ($1.45 billion) donated between January 2018 and January 2024 by people and companies.

The decision to scrap the funding system was seen as a setback for the BJP as well as other main political parties as it came ahead of the national election due to be held by May.

SBI told the Supreme Court on Wednesday that it had sold a total of 22,217 electoral bonds of various denominations of which 22,030 were cashed in by political parties between April 1, 2019 and Feb. 15, 2024.

A list of the top 20 electoral bond buyers compiled by Reuters showed lottery and gaming firm Future Gaming and Hotel Services topping the list with a total donation of 13.68 billion rupees.

Megha Engineering and Infrastructures, an engineering and construction firm based in the southern city of Hyderabad, came second at 9.66 billion rupees.

It was followed by logistics firm Qwik Supply Chain, natural resources giant Vedanta VDAN.NS and Haldia Energy.

Reuters emailed the top 10 businesses on the list seeking comment but there was no immediate response from any outside business hours.

($1 = 82.9200 Indian rupees)

(Reporting by Bengaluru and New Delhi bureaux; Writing by YP Rajesh and Krishn Kaushik; Editing by Susan Fenton)

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Feb 9 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• RPSG VENTURES DEC-QUARTER CONSOL NET LOSS 610.9 MILLION RUPEES VERSUS LOSS 292.5 MILLION RUPEES

• RPSG VENTURES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.46 BILLION RUPEES VERSUS 17.2 BILLION RUPEES

Source text for Eikon: ID:nBSE2XWnbv

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** Shares of Firstsource Solutions FISO.NS fall 5.5% to 198.40 rupees

** Business process management services provider posts 18% drop in Dec-qtr consol net profit

** Stock set to snap two-session gaining streak

** Avg rating of eight analysts on FISO at "strong buy"; median PT is 189 rupees - LSEG data

** Stock rose ~81% in 2023 after falling 44% in 2022

(Reporting by Kashish Tandon in Bengaluru)

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Jan 17 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• APPROVED ISSUANCE OF SHARES AT A PRICE OF 795 RUPEES PER SHARE

• APPROVED ISSUANCE OF SHARES WORTH 2.84 BILLION RUPEES

• ISSUANCE TO RAINBOW INVESTMENTS AND INTEGRATED COAL MINING ON PRIVATE PLACEMENT BASIS FOR CASH CONSIDERATION

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Jan 11 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• TO CONSIDER PROPOSAL FOR RAISING FUNDS BY ISSUE OF ONE OR MORE INSTRUMENTS/ SECURITIES

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Jan 5 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• RPSG VENTURES LTD - FIRE INCIDENT HAS OCCURRED AT A JOB WORKER'S FACTORY

• RPSG VENTURES LTD - ASCERTAINING CAUSE OF FIRE AND QUANTUM OF ACTUAL DAMAGE

• RPSG VENTURES LTD - FIRE INCIDENT AT FACTORY IN PHULE NAGAR, UTTAR PRADESH

Source text for Eikon: ID:nNSE2S9q3r

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Oct 2 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• UNIT RECEIVED NOTICE TO SHOW CAUSE CUM DEMAND FROM DIRECTORATE GENERAL OF GOODS AND SERVICES TAXES INTELLIGENCE

• SHOW CAUSE CUM DEMAND NOTICE ALLEGING TAX DEMAND OF 391.4 MlN RUPEES WITH INTEREST, PENALTY

Source text for Eikon: ID:nNSE5NnRNh

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May 19 (Reuters) - RPSG Ventures Ltd RPSG.NS:

• MARCH-QUARTER CONSOL NET LOSS 1.23 BILLION RUPEES VERSUS PROFIT 577.1 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.92 BILLION RUPEES VERSUS 17.79 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of Firstsource Solutions Ltd FISO.NS fall as much as 4% to 111.80 rupees, a two-week low

** The business process management services' provider reported 0.4% YoY decline in core profit in March quarter to 2.44 bln rupees, during market hours on Thursday

** Stock fell 1.27% in the previous session

** Core profit margins contracted to 15.7% in March quarter, compared to 15.9% a year ago

** Trading volume is 1.38 mln shares as of 11:43 p.m. IST, 0.9x the 30-day avg - Refinitiv data

** Of the nine analysts tracking FISO, four maintain "buy", two suggest "sell" and three recommend "hold"; median TP is 125 rupees - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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