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Rupee drops 37 paise against US dollar ahead of June monetary policy meet

The dollar index gained strength on Monday and most Asian currencies weakened against the dollar

TCS bags 10-yr contract for managing Teacher's Pension Scheme in Eng, Wales

The Teachers' Pension Scheme is the UK's second largest public sector pension scheme, with over 2 million members

Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

If the management fails to meet expectations, the board should even consider replacing it, he said

Lazy-faire? 28 state Assemblies met only for 21 days on average in 2022

How much work do state legislatures actually do?

Tata Group signs Rs 13,000-crore EV battery plant deal with Gujarat

Initial capacity of Sanand factory could be 20 GWh

Revision of ONDC discounts lifts Zomato stock 5% at Rs 71.15 apiece

Last month, the food delivery platform reported a narrowing of losses on both year-on-year (YoY) and sequential bases for the March quarter

Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x

Bulk of bids came at around Rs 226 against base price of Rs 225, in first major disinvestment in FY24

Adani Enterprises scraps deal to buy Rs 3K-crore Macquarie road projects

Adani group was also planning to buy stake of IL&FS in the GRICL

Info Edge initiates forensic audit in Rahul Yadav's start-up 4B Networks

Info Edge saw its net profit for the fourth quarter of FY23 reported a loss of Rs 349.5 crore, compared to a profit of Rs 285.7 crore in the same quarter last fiscal

TeamLease co-founder & executive director Rituparna Chakraborty steps down

However, she said that post her break she will continue to be focused on creating more formal jobs

E-commerce firm Shopsy delivers to 16 mn transacting customers in Q1 2023

The platform has witnessed an uptick of 3X growth in units, customers, and sellers in the last year, with over 175 million app downloads, said the company in a statement

'Against' votes by institutional investors surged to 6.31% in 2022

Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year

Dish TV board rejects lenders plan to appoint directors, cites lapses

Media tycoon Subhash Chandra's family lost control of Dish TV after promoter entities defaulted on loans

FAME II subsidy impact: TVS revises IQube prices by Rs 17,000-20,000

Ola Electric, Ather Energy have reportedly slashed prices too after the government revised support programme

Software firm Capillary Technologies raises $45mn in Series D round

Funds raised from consortium of investors will be crucial for global expansion efforts and to support M&A strategy, says Capillary

Manappuram Finance launches digital lending app to widen reach

The platform is targeted at customers living in smaller cities and towns of India

Online grocery firm Zepto announces leadership elevation as it eyes IPO

This comes at a time when the startup ecosystem has been severely impacted due to funding winter

UK-based abrdn offloads remaining 1.66% stake in HDFC Life Insurance

Among the buyers were Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF, SBI MF, Societe Generale and T Rowe Price

RBI mulls lightweight payments & settlements for smooth ops during calamity

The system will ensure zero processing downtime during catastrophes such as natural disasters and war

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys