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Axis Bank hikes MCLR by 35 bps across tenors with effect from May 18

Recently, country's largest lender, State Bank of India (SBI), also increased its MCLR by 10 bps. SBI has hiked its MCLR by 20 bps in two months

On-tap licence: Sachin Bansal, five other applicants rejected by RBI

11 entities had applied for on-tap bank licences since the guidelines were released by the Reserve Bank of India

Bofa cuts Nifty target by 1,000 pts to 16,000, sees flat market this year

Says any easing in global crude, FPI outflow reversal and bottoming of rupee will be positive for market. Key downside risks include higher global inflation and faster rate hikes

Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'

The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality

Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies

Abu Dhabi's IHC has made the Investment via the preferential allotment route

Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies

IHC has made the Investment via the preferential allotment route

ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures

Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better

Rupee hits fresh all time low as investors rush for safe haven assets

The Reserve Bank of India has beefed up its intervention in the currency market which slowed the pace of the fall

Finance ministry didn't claim inflation hurts rich more than poor, says PIB

The claim and counterclaim over inflation come at a time when retail inflation rose to an eight-year high in April to 7.8 per cent

Paytm not to acquire Raheja QBE; to apply for new general insurance licence

The agreement was terminated by Paytm Insuretech as the share sale and purchase transaction was not consummated within the time period envisaged by the parties under the agreement

Markets snap six-day losing streak; Sensex ends 180 points higher

This is only the second trading session in May when markets have been able to clock gains

LIC may list at a discount to issue price if grey market is an indicator

Stock could list anywhere between Rs 900 and Rs 940, says market player, citing weak institutional investor demand during LIC's Rs 20,577-crore maiden share sale

SBI hikes MCLR by 10 bps across tenures in second such move in two months

New rates effective May 15, overnight one-month and three-month MCLR now at 6.85% vs 6.75% earlier

Paytm lending business records annualised run-rate of Rs 20,000 cr in April

Offline payments business accelerated as total number of devices deployed jumped to 3.2 million, with 0.3 million devices deployed in April

RBI opens banks credit for NBFCs to on-lend continuously to priority sector

Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector lending

Delhivery IPO subscribed 1.63x on QIB support, Venus Pipes subscribed 16.3x

The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book

Shah Rukh Khan's Knight Riders Group acquires franchise in UAE T20 League

So far, the Adani group, Reliance Industries, GMR and Capri Global have invested in the Indian Premier League-(IPL)-style tournament

AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China

Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially

Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times