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UK finance firm Tide raises $100mn in funding round led by Apax Digital

Company has a development centre in Hyderabad and plans a full launch in India next year

Restructured loans of non-bank financials to double by March: ICRA

The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA

TCS to take iON global after test-marketing success in some markets abroad

Management said digital transformation with cloud adoption is accelerating in all markets, save India

HCL Technologies helps digitise BP's workplace in multi-year deal

The deal will help transform BP's workplace services, enabling it to drive efficiency and create a standardised end-user experience for its employees at more than 500 sites

Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others

Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently

Puri to focus on hiking domestic production as new Petroleum Minister

Will work towards increasing share of natural gas in energy mix

RBI imposes penalty of up to Rs 2 cr on 14 banks for non-compliance

The penalty ranges from Rs 50 lakh to Rs 2 crore, with SBI being charged Rs 50 lakh and BoB Rs 2 crore

IPO watch: G R Infraprojects subscribed 2.3 times, Clean Science by 1.7x

NMDC OFS retail book undersubscribed, mops up just 76%

NMDC's Rs 3,600-cr share sale fully subscribed, most bids come in at Rs 166

A total of 219.5 mn shares were put on the block by govt;OFS) has garnered bids for 220.45 mn shares from institutional investors--1.15 times the shares on offer to them

NSE clarifies on Nifty Futures 'freak trade', seeks explanation from broker

'Since order was within the operating range, the order matched with existing sell orders in the order book and two trades got executed at a price within the trade execution range,' says stock exchange

TCS enters strategic partnership with OTT streaming platform SonyLIV

TCS will enhance its core OTT platform to leverage AI and ML to provide personalised experiences to users. It will also help SonyLIV use data and insights to monetise content

Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses

Investors in the fund include family offices such as Narayana Murthy's Catamaran, Fund is already committed to two deals worth $44 million, one of which is API Holdings, parent company of PharmEasy

Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge

Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better

Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge

The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India

ONGC charts Rs 30,000 cr capex for FY22 with 50% in turnkey projects

It is aiming at 22.56 million tonnes of crude oil and 24.89 billion cubic metres of gas production during the year

Fitch downgrades ONGC, OVL and ONGC Videsh Vankorneft ratings to BBB-

This makes it harder for ONGC's two arms to raise money for financing their projects. OVL is currently said to be in the process of raising $500 mn for repaying existing debt

Pregnant women now eligible for Covid-19 vaccination: Health Ministry

The vaccine can be taken anytime during the pregnancy, the health ministry said

Two doses of Covid-19 vaccine give 98% protection, says PGI study

The study, which didn't spe­cify the name of the vacc­ine, was conducted on Pun­jab police personnel

Clean Science prices IPO between Rs 880-Rs 900, issue opens July 7

Investors can bid for 16 shares and multiples thereof. IPO is an offer for sure, company could raise to Rs 1,546 cr at the upper end of the price band

Decision on Covaxin approval by August second week: WHO chief scientist

Developed by Bharat Biotech and the ICMR, Covaxin was approved by the Indian drug controller in January, and has been in use since