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UK's Essar Oil posts higher Q1 sales, ceases Russian oil imports

Company says it is replacing shortfall by maximising indigenous diesel production

ICICI Securities falls 1% as CLSA downgrades rating, earnings view

Shares of the largest listed brokerage have nearly halved this year

TVS Motor launches Ronin motorcycle for premium lifestyle segment

Ronin motorcycle will have technology like voice assistance and enhanced connectivity and it will have an exclusive range of branded merchandise and custom accessories, TVS Motor Company said

Why Twitter sought legal action and moved HC against Indian govt

Twitter in its petition said that content does not meet the threshold for blocking under section 69A

Google announces Startup School India for small-city entrepreneurs

Idea is to bring together investors, successful entrepreneurs and programmers that startups from smaller cities can to tap into and learn from the best; Google aims to tap at least 10,000 startups

Apollo Hospitals, Singapore firm enhance AI-based tech for cardiac diseases

Move aimed to enable healthcare providers to predict risk of cardiac disease in patients and start intervention early

Fintech startup Finvu AA raises $2.5 million in seed funding for expansion

Finvu AA will use the fresh funds to expand the team in engineering, and business development and enhance its product offerings

Clear strengthens compliance suite; acquires CimplyFive for undisclosed sum

This is Clear's second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March

Adani Power to seek shareholder approval for Rs 5,000-crore project

The proposed transaction will involve the sale by Adani Power of its special purpose vehicles or subsidiaries to AdaniConneX

Singapore Airlines to restore network in India to pre-pandemic level

It is adding flights to Bengaluru, Chennai, and Kochi

Godi India to set up lithium-ion cell giga factory; gets BIS certification

Godi India is the first in the country to have certification from the Bureau of Indian Standards' for lithium-ion cells made using its home-grown technology

ClimateTech firm Climes raises $1.2 mn seed capital from Sequoia, others

The company's tech allows consumer-facing brands to turn climate-positive in a matter of hours. Its tech-stack integrates seamlessly with the checkout pages of everyday consumer brands

Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme

Programme, which covers workshops, retailers, distributors and consultants pan-India, will have a 4-year vesting duration with yearly vesting at 25% and a cliff period of a year

NICL picks Cognizant for accelerating, managing its digital transformation

NICL is one of India's leading public sector general insurance companies

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Company says it's looking for new potential investors as it considers the option of restructuring

RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank

The monetary penalty was imposed on IndusInd Bank as it failed to adhere to customer due diligence procedure in the accounts opened using OTP based e-KYC, in non-face-to-face mode

Non-bank PSOs need approval for takeover or sale of business, says RBI

After approval, a public notice of at least 15 calendar days needs to be given before making the changes

HDFC Bank receives no objection letter from RBI for merger with HDFC

The RBI nod comes a day after both HDFC and HDFC Bank got no-objection from both stock exchanges, namely BSE and NSE

Muthoot Finance gets RBI approval to open 150 new branches across India

Muthoot Finance says it will hire 600 more people for the expansion