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Sansera Engineering IPO fully subscribed, issue closes on Thursday

Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

TCS m-cap tops $200 bn, shares hit lifetime high of Rs 3,980 intra-day

The stock settles at Rs 3,955 at close, up 1.8% over previous close

Private lender RBL Bank resumes credit cards issuance to new customers

Plans to issue 1.2-1.4 million cards in the current financial year (FY22)

B2B networking platform Anar raises $6.2 mn in seed funding round

The Anar business app caters primarily to small-and-medium businesses (SMBs) across the value chain, from manufacturers to retailers and resellers, helping them connect and interact with one another

Uber launches bus service to help India's urban staffers get back to work

The 'Uber Corporate Shuttle' has safety a comprehensive set of safety measures; the service will run initially in Mumbai, Delhi and a few other cities

Over 20 mn Indians stream YouTube content on connected TVs, up 40% YoY

The Google-owned video platform also saw high growth in watch times of cricket, comedy, beauty, and educational content, underscoring greater propensity of users to tune into YouTube at home

Forbearance gives Indian banks time to build capital buffers: Fitch

No need for equity capital till FY25 to meet 8% CET1 level

Shadez raises $200K in pre-series A round led by Inflection Point Ventures

The startup is operating across Mumbai, Pune & Vadodara and has painted over 200 homes in Mumbai till date with over 400,000 sqft

Supreme Court rejects ArcelorMittal Nippon India's plea on arbitration

The SC bench of Justices Indira Banerjee and J K Maheswari held that the trial court can consider the Section 9 Arbitration Act application filed by Essar against ArcelorMittal

Shareholders of Tata Sons clear proposal to raise Rs 40K cr as fresh debt

The nod comes at a time when the group has ambitious plans to enter the e-commerce business

Moody's upgrades Tata Steel to Ba1 from Ba2; stable outlook

The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further

State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

SC rejects ArcelorMittal plea on arbitration in cargo handling dispute

Two-judge bench holds that trial court can consider application filed under Section 9 of the Arbitration Act by Essar against ArcelorMittal

Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open

Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions

CNG-PNG use could soar on all-time high price edge over other fuels: Crisil

Rating agency sees 25-27% surge in sales, driven in part by rebounding vehicular mobility and industrial activity as well

GTM Buddy raises $2mn in seed round led by Stellaris Venture Partners

The company said it would use the funds for improving its product capabilities and building teams for sales, marketing and customer relations

Online retail store Gobbly raises Rs 7.2 crore in angel funding round

The company said it would use the funding to strengthen its position as one of the fastest-growing retail tech startups in India

HCL signs up with Korea's HANCOM for global expansion, tech solutions

HCL will support training for software development at HANCOM's in India research and development centre, which was established in 2016.

RBI and Singapore central bank to link payment systems by July 2022

The RBI and MAS hope to complete the linkage by July 2022 "on a reciprocal basis without a need (for users) to get onboarded onto the other payment system".