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NICL picks Cognizant for accelerating, managing its digital transformation

NICL is one of India's leading public sector general insurance companies

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Company says it's looking for new potential investors as it considers the option of restructuring

RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank

The monetary penalty was imposed on IndusInd Bank as it failed to adhere to customer due diligence procedure in the accounts opened using OTP based e-KYC, in non-face-to-face mode

Non-bank PSOs need approval for takeover or sale of business, says RBI

After approval, a public notice of at least 15 calendar days needs to be given before making the changes

HDFC Bank receives no objection letter from RBI for merger with HDFC

The RBI nod comes a day after both HDFC and HDFC Bank got no-objection from both stock exchanges, namely BSE and NSE

Muthoot Finance gets RBI approval to open 150 new branches across India

Muthoot Finance says it will hire 600 more people for the expansion

Mirae NBFC arm floats new product offering loans against MF holdings

Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app

Edtech startup Kreedo raises $2.3 million in pre-Series A funding

Founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan, Kreedo is on a mission to change the way early learning is delivered in budget private schools and preschools

Mauritius-based PEs not to pay additional capital gains tax, says MRA

IVCA had said the move to treat all income from Indian AIFs as dividends would wreak havoc on funds with a presence in Mauritius and investments in India

Food and beverage firm PepsiCo India hands over ad duties to Leo Burnett

This came after a multi-agency pitch, which saw Leo Burnett winning the mandate

Irdai and NHA to develop National Health Claims Exchange to settle claims

Based on a presentation by R S Sharma, CEO of NHA, chairman of Irdai Debasish Panda, has proposed creation of a working group with representation from the industry

Sebi imposes fine of Rs 36 lakh on PGIM Asset Management and its CEO

The new DDPI system is designed to prevent misuse of client securities by brokers

Markets end the day with tiny losses even as heavyweight RIL tanks 7%

Despite falling for three consecutive sessions, both the Sensex and Nifty added 0.3 per cent for the week, their second straight weekly advance

More upside in ITC stock with some help from stable taxation of cigarettes

Analysts say while valuations of global tobacco peers are back to pre-pandemic levels, ITC still trades at a 24% discount to its Jan 2019 valuation of 25.4x one-year forward EPS

5 years of GST: How far has it lived up to promise of simple tax regime

Goods and Services Tax: Here's a look at the journey so far

Five years of GST: Chidambaram to Sitharaman, the people behind the reform

The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch

Sanjiv Mehta appointed as president commissioner of Unilever Indonesia

Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity

Captive network a back-door entry to BigTech companies, says COAI

In its guidelines on captive non-public networks, the government has allowed direct allotment of spectrum to enterprises

Health ministry building two 50-bed hospitals for Amarnath Yatra pilgrims

Health professionals, including doctors and paramedics, from 11 states and union territories will be deployed in batches