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E-commerce firm Shopsy delivers to 16 mn transacting customers in Q1 2023

The platform has witnessed an uptick of 3X growth in units, customers, and sellers in the last year, with over 175 million app downloads, said the company in a statement

'Against' votes by institutional investors surged to 6.31% in 2022

Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year

Dish TV board rejects lenders plan to appoint directors, cites lapses

Media tycoon Subhash Chandra's family lost control of Dish TV after promoter entities defaulted on loans

FAME II subsidy impact: TVS revises IQube prices by Rs 17,000-20,000

Ola Electric, Ather Energy have reportedly slashed prices too after the government revised support programme

Software firm Capillary Technologies raises $45mn in Series D round

Funds raised from consortium of investors will be crucial for global expansion efforts and to support M&A strategy, says Capillary

Manappuram Finance launches digital lending app to widen reach

The platform is targeted at customers living in smaller cities and towns of India

Online grocery firm Zepto announces leadership elevation as it eyes IPO

This comes at a time when the startup ecosystem has been severely impacted due to funding winter

UK-based abrdn offloads remaining 1.66% stake in HDFC Life Insurance

Among the buyers were Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF, SBI MF, Societe Generale and T Rowe Price

RBI mulls lightweight payments & settlements for smooth ops during calamity

The system will ensure zero processing downtime during catastrophes such as natural disasters and war

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys

New TER structure in co-creation stage: Sebi chief Madhabi Puri Buch

Regulation is in a co-creation stage with the industry and urged fund houses to share relevant data with the regulator, says Sebi chairperson

Abrdn likely to sell its entire stake in HDFC Life through a block deal

The shares will be sold between Rs 563.2 and Rs 585.15 each. At the upper end of the price band, the block sale would fetch abrdn Rs 2,088 crore

Certificates of deposit issuances jumped three-fold in FY23: RBI data

"Banks have to step up deposit mobilisation"

Bank Nifty hits a new high on strong Q4 show by most lenders, FPI buying

Analysts see greater momentum going forward, with 10-12% upside in the index over next 12 months

Warburg Pincus buys majority stake in Vistaar Finance for $250 mn

Vistaar Finance is a leading SME lender in India; it operates in 12 states with over 2,500 staff serving 40,000 customers; AUM of Rs 3,150 crore as of March 2023

Indian stocks reclaim spot in world's top 5 markets as Adani scrips rebound

India reclaimed its spot as the world's fifth largest stock market after losing that status to France in January, aided by a revival in Adani Group stocks

ICICI Bank to increase stake in general insurance arm to beyond 50%

Earlier plan was to cut stake below 30%

Share of social sector in total expenditure slackens off in Rajasthan

The share of social sector expenditure as a share of gross state domestic product increased marginally from 9% in FY20 to 10% in FY24 BE

Bank of India lowers peak interest rate, offers 7% for one-year deposits

The deposit rate for senior citizens for 1-year is 7.5% and 7.65% for super-senior citizens

Investments by sovereign wealth funds surge 56% in 2022: SWFI analysis

SWFI has announced a Global Wealth Conference (GWC), taking place in London on May 31 and June 1 in London