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Canada Pension Fund sells 0.56% stake in SBI Life for Rs 597 cr

It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs

Compliance, risk management, audit weaknesses of banks, says RBI's MK Jain

RBI's MK Jain observed that the compliance setup was not resourced adequately with required number and quality of staff in many cases.

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Sebi overhauls collective investment scheme rules, brings on par with MFs

The market regulator said the move will "remove regulatory arbitrage" between the two pooled investment vehicles.

BS Annual Awards 2021: Stellar jury picks the best of India Inc

Eight of country's top decision-makers met virtually to select the winners in 7 categories

BS Awards for Corporate Excellence 2021: Samina Hamied lauds team effort

Cipla, which has seen a generational change in its leadership, draws 40 per cent of its revenues from India and 21 per cent from the US market.

Govt-appointed experts to probe e-scooter fire incidents in Vellore, Pune

The investigators will try to find out if there is a manufacturing defect that affected their operation

SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi

The tribunal reduced the penalty to Rs 10 lakh and held certain findings in Sebi's order cannot be sustained.

DMI Finance acquires wallet service provider Oxymoney's parent firm

Oxymoney plans rolling out pre-paid cards and expand its distribution network.

Transport tech firm Chalo acquires Vogo to improve bus ridership

Financial details of the deal of Chalo and Vogo, aimed to improve city mobility, were not disclosed.

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers

Strategy needed for 300 mt steel output target by 2030: Minister

The production was 120 mt in 2021-22. There is also a need for suitable policy support to increase the production of iron ore production and other raw materials.

Infosys denies having business relationships with local Russian enterprises

The company has committed $1 million towards relief efforts for war victims from Ukraine

QSR chain Lassi N Shakes enters Uttar Pradesh, eyes 1,000 outlets by 2025

Launched in May 2019, the restaurant chain has opened its 145th outlet, currently situated in 10 different states

Outage hits ICICI Bank mobile, net banking; customers take to social media

Glitch in server caused disruption; Services restored after 2-3 hours

RBI directs banks and non-banks to geotag payment touch points

Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers

CCI clubs newspaper body's complaints against Google with earlier order

According to INS, news media houses are completely kept in the dark on the total advertising revenue collected by Google

Sebi to reduce timelines for completion of buybacks, open offers

Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers

SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

Asset manager clocks strong performance this fiscal, ahead of its IPO

Russia-Ukraine war: RBI board discusses geopolitical impact on economy

Sources say Indian banks have small exposure to the two warring countries; but oil price surge above $100/bbl mark could impact India's current account deficit and inflation