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E-commerce retailer Nykaa's stock declines the most in nine months

The brokerage downgraded the stock to ADD and revised its target price to Rs 165 from Rs 210

ChatGPT costs $700,000 daily, maker may go bankrupt in 2024: Report

The report noted that even though CEO Sam Altman does not own equity in OpenAI, the company shifted from being a non-profit to profit way back

Bandhan Sterling Value Fund: Setting new benchmarks and surpassing peers

The fund's month-end assets under management increased to Rs 6,122 crore in June 2023 from Rs 2,339 crore in June 2020

Deloitte quit after not getting auditorship of other group companies: APSEZ

Deloitte was not willing to continue as APSEZ's statutory auditor and, therefore, it was agreed to amicably end the client-auditor contractual relationship

Bank of Baroda, Canara Bank, BoM raise rates by up to 10 basis points

One year MCLR hiked to 8.7% with effect from Saturday

Indian economy to grow at 6% in FY24 due to global slowdown

"The Q1 industrial growth remained buoyant, especially construction and consumer non-durables; however, the agricultural growth was muted and the services growth was sluggish," it said

Citi sells TaMo shares worth Rs 2,089 cr, TVS Supply Chain subscribed 55%

The price band for the TVS Supply Chain IPO is Rs 187 to Rs 197 per equity share

Verizon Business inks pact with HCLTech for managed network services

On the other hand, Verizon Business will continue to lead all customer acquisition, sales, solutioning, and overall planning and development with its customers

Chemplast Sanmar completes first phase of Rs 680 crore expansion plans

The new production block is designed and constructed based on best-in-class safety standards for such a facility

Kareena Kapoor Khan acquires minority stake in e-commerce brand Pluckk

Actress will be brand ambassador of lifestyle-oriented fresh fruit and vegetables brand

Employees' union stages protest against privatisation of IDBI bank

Drawing attention to the problems, Nagarajan added that the move to lower the stake in the bank will affect the financial inclusion programme of the government

Home liftmaker Nibav in talks with global PE firms to raise $100 mn by Nov

Currently, the company produces approximately 350 units per month, and it aims to double this figure by the end of the year, reaching around 700-800 units

Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18

The NCDs will have five options with different tenures and interest payout options

Shorter IPO timeline to become effective from December 1, says Sebi

At present, it takes six working days (T+6) for an IPO to list

Axis Bank to infuse Rs 1,612 cr in Max Life via preferential allotment

Axis entities stake to increase to 19.02%; Analjit Singh continues to be as chairman

Eicher unit to provide electric trucks for Amazon India's delivery ops

Collaboration will introduce 1,000 zero-emission electric trucks for Amazon's delivery work in 5 years

Promoter pledging rises marginally to 1.36% in June quarter, shows data

Among the Nifty 50 components, highest promoter pledges were seen in Apollo Hospitals (16.3%), Asian Paints (7.3%), IndusInd Bank (45.5%) and JSW Steel (15%)

Panel to decide reversal of erroneous transfers in demat accounts

Depositories approached Sebi, highlighting the challenges faced concerning obtaining OTP for such trade reversal

NIIT Learning valued at Rs 5,000 cr; Concord Biotech IPO subscribed 25x

Shares of NIIT Learning Systems-demerged from NIIT-finished at Rs 374 during their trading debut on Tuesday

2 senior execs of Freshworks quit after co-founder's exit in March

Company says new chief human resource officer will start work later in August and it looking for a chief marketing officer