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BofA cuts Nifty target to 17,500, cites rupee depreciation, global slowdown

In August, BofA had revised its Nifty target upwards twice citing reduction in macro uncertainty

Sebi issues framework for dealing with suspension of rating agencies

The regulator has directed CRAs to disclose prominently on their website Sebi's order on suspension or cancellation

Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept

Besides Maruti Suzuki, domestic funds added Hero Motocorp while they trimmed positions in Tata Motors, Ashok Leyland and TVS Motors

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Shareholders of PVR approve the proposed merger with Inox Leisure

The proposal was passed by over 99 per cent of the number of valid votes cast, PVR said

Uber, Ola, Rapido continue auto services despite Karnataka govt's ban

Bengaluru is estimated to have about 200,000 autorickshaws out of which around 100,000 offer services through ride-hailing platforms

West Bengal govt hands over Letter of Award for Tajpur port to Adani Ports

At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

Ozonetel starts WhatsApp platform for firms' customer communications

Service will reduce organisations' cost of operations by over 75%, says company

E-commerce solutions provider Assiduus Global raises $15 mn in funding

The company will use the financing to improve its technology and expand its business

Economy doing well despite external headwinds, Oppn criticism wrong: BJP

Party spokesperson accuses Rahul Gandhi of 'crony socialist attitude', says Kejriwal govt corrupt

Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue

Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday

Karnataka govt orders Ola, Uber, Rapido to stop auto services from Oct 12

The Karnataka government warned app cab aggregators that it would be imposing a fine of Rs 5,000 on vehicles found operating illegally

Tracxn Technologies' IPO bought 53% on second day of the issue

The company has set a price band of Rs 75-80 per share for its IPO, which is entirely an offer for sale worth Rs 309 crore.

Ravi Kumar S resigns as president effective today, says Infosys

Kumar, worked with Infosys for almost 20 years, and led the Infosys Global Services Organisation across all industry segments.

Google launches Play Points rewards programme for users in India

Users earn points when they make purchases with Google Play, including in-app items, apps, games, and subscriptions

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

The combined cement capacity of these units will be 5 million tonnes per annum

Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

SBI revamps call centre, to offer 30 banking solutions in 12 languages

Customers can avail services related to accounts, ATM cards and Cheque book, Emergency services (ATM card or digital channel blocking), access to digital products and support, product information, etc

Indian insurance industry can be sixth largest globally: Irdai chairman

He also said that the regulator is working on Bima Sugam- a one stop shop, for all insurance products

DMRC would fall into a debt trap if it raises loans to pay DAMEPL: AG

The court has now given the Delhi Metro two weeks to work out the modalities for payment of the arbitration award to DAMEPL. The case will now be heard on October 31.