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Sebi tightens cyber security norms for MIIs, mandates thorough audits

MDs and CEOs of MIIs to submit declaration of compliance with all circulars and advisories on cyber security issued by Sebi from time to time

Prudent Corporate is third straight IPO to list at discount, shares dip 10%

Weak listings come on the back of a selloff in the secondary market. Nifty has crashed as much as 8% this month before the latest rebound

HNI interest sees Ethos IPO scrape through with just 1.03x subscription

Retail investor portion subscribed 82%, HNI was covered 1.48x and institutional investor category received 1.06x subscription

No changes in Sensex composition, Dr Reddy's remains in benchmark index

The market was expecting Tata Motors to replace DRL in the 30-share index

ZincSearch raises $3.6 mn in seed funding led by Nexus Venture Partners

ZincSearch has amassed more than 7,900 GitHub stars in just five months, making it one of the fastest-growing open source enterprise projects of the last 12-months.

Equitas SFB MD & CEO P N Vasudevan announces decision to leave bank

The executive who founded the lender will continue in his post till a successor is found.

Uber to show drivers destination before they decide on trip request

Firm says it has raised rates to cushion impact of rising fuel prices on drivers' earnings

RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

RBI approves India, Sri Lanka trade settlement in rupee outside ACU

Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.

TCS CEO Gopinathan's salary up 26.6% in FY22, firm rejigs business groups

Average annual salary increase for TCS employees was in the range of 5-8 percent in India, says annual report.

Paradeep Phosphates IPO scrapes through on Day 3; issue subscribed 1.75x

The retail investor portion of the issue was subscribed 1.37 times, HNI portion was covered 82% and institutional investor category saw three times subscription

Paradeep Phosphates IPO subscribed 51% day before close on retail interest

Retail investor portion subscribed 91%, HNI 20%; institutional investor category received negligible bids

Centre looks to ensure easy credit from banks to cooperatives sugar mills

With cooperative sugar mills complaining of difficulty in accessing loans from banks due to a plethora of conditions, FM Sitharaman held a high-level meeting with senior officials to iron out glitches

Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$

Dealers said major gains for the dollar were capped as the Reserve Bank of India is believed to have protected the 77.50 levels

Remain watchful of recent geo-political developments: RBI Governor to banks

Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have

LIC Housing Finance Q4 profit up 180% to Rs 1,118 cr, credit costs drop

The company's board recommends a dividend of Rs 8.5 per share of Rs 2 each.

Tamilnad Mercantile Bank's Q4 net rises 36%, total income increases 9%

Tamilnad Mercantile Bank's Q4 result: The total interest earned increased 6.23 per cent to Rs 3,833.86 crore for FY22 as compared to Rs 3,609.05 crore for the previous year

Indian banks to benefit from strong domestic economic growth: Moody's

Ukraine conflict will not derail the country's recovery

PE/VC investment for April 2022 declines 27% YoY to $5.5 bn: IVCA-EY report

Fundraises, however, continued to show a healthy trend, with April 2022 recording a total fundraise of $1.5 billion across 16 funds compared to $569 million raised in April 2021 by 8 funds.

Axis Bank hikes MCLR by 35 bps across tenors with effect from May 18

Recently, country's largest lender, State Bank of India (SBI), also increased its MCLR by 10 bps. SBI has hiked its MCLR by 20 bps in two months