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ICICI hikes MCLR, Suryoday Small Finance Bank revises FD rates

Overnight and one-month MCLR rates are now at 8.50%, while the MCLR for three months is at 8.55%, ICICI Bank's website showed

CEC, ECs to be appointed by Prez on advice of PM, Opposition leader, CJI

A Constitution Bench comprising Justices KM Joseph, Ajay Rastogi, Aniruddha Bose, Hrishikesh Roy, and CT Ravikumar said this practice will continue until a law in this regard is made by the Parliament

HDFC Bank's Sashidhar Jagdishan is 'BS Banker of the Year 2022'

5-member jury picks him for bank's good performance under his leadership

Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr

Delhivery had come out with a Rs 5,235 crore IPO in May 2022

Adani stocks add Rs 30,000-crore market cap despite selling by ETFs

Shares worth Rs 1,200 crore of AEL and Rs 130 crore worth of ACC got offloaded by MSCI trackers; Yet AEL closed 14.2% up, while ACC added over 2%

Indian banks well placed to transit to Expected Credit Loss regime: S&P

This transition is not expected to change ratings on these banks

BS Annual Awards 2022: Power-packed jury picks the best of India Inc

Top decision-makers select the winners in 7 categories

Retail and MSME asset buying to drive ARC business in FY24: India Ratings

Expected credit loss model for banks; PCA for NBFCs levers to asset sale

UIDAI rolls out AI-based security mechanism for fingerprint authentication

The new two-factor/layer authentication has added extra checks to validate the genuineness (liveness) of the fingerprint to further cut down the chances of spoofing attempts

Deposits by public sector banks up 8.8% in December quarter: RBI data

However, they still lag the pace of private banks

Sensex, Nifty close in red for 7th straight session on weak global trends

Analysts said investors are grappling with central bank policies that may remain hawkish for longer than what was priced in by markets

Divgi TorqTransfer Systems sets IPO price band at Rs 560-590 per share

The IPO will open on Wednesday and conclude on Friday

Murugappa Group's EV arm TI Clean Mobility to raise Rs 3,000 crore

TCM has already unveiled its passenger three-wheeler electric vehicle, the sales of which are expected to grow over the next few quarters

KFintech buys 25.6% stake in account aggregator MoneyOne's parent

Shares of KFintech closed 0.95 per cent higher on Friday

EY Entrepreneur of the Year 2022 award goes to Sajjan Jindal

A press statement by EY noted that Jindal is making a fast transition to renewable energy through acquisitions as well as decarbonizing the value chain

Axis Bank-Citibank deal likely to be completed by March 1

This means by March 1, all the customers, employees and assets of the Citi will be transferred to Axis

Android case: CCI's Rs 1,337 crore fine unreasonable, Google tells NCLAT

The tech giant also said CCI itself had recognised that Google's Mobile Application Distribution Agreement (MADA) was beneficial to Original Equipment Manufacturers (OEMs)

BS Banker of the Year Award: High-powered Jury meets today to pick winner

Sandeep Bakhshi, MD & CEO of ICICI Bank, was the Business Standard Banker of the Year 2020-21

Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra

Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML)

NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment

The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court