News digest: TCS results, ease of doing biz, LIC-IDBI Bank deal, and more

LIC's name will be tagged to the lender's name as a part of rebranding

LIC to make open offer to IDBI Bank shareholders

Insurance behemoth Life Insurance Corporation (LIC) of India will not be given any relaxation from the Securities and Exchange Board of India’s (Sebi’s) takeover code and will have to make an open offer to the stakeholders of state-owned IDBI Bank. Read more.

TCS kickstarts FY19 with strong numbers

Beating Street estimates, the country’s largest information technology (IT) services provider, Tata Consultancy Services (TCS), on Tuesday kick-started the first quarter (Q1) earnings with broad-based growth, while showing a double-digit rise in dollar revenue for the