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Byju's in talks to acquire US-based reading platform Epic: Report

Deal could help acquirer deepen US footprint. Epic's platform has 40,000 popular, high-quality books from 250-plus publishers. It aims to fuel curiosity and reading confidence in kids 12 and under

Consumers opted for higher sum insured policies due to Covid: Policybazaar

This indicates a sharp increase in awareness and demand for high cover protection policies

RBI allows card issuers, white label ATMs to take direct membership in CPS

Central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).

Adani group combined market cap tops $100 billion

Currently, only Tata group, HDFC group and Mukesh Ambani-led Reliance group have higher market cap at the group level

Axis Bank entities close deal with Max Life Insurance, become co-promoters

Axis stake at 12.99%, will nominate three directors to Max Life's board

RIL and America's Chart Industries co-lead new Hydrogen industry body

Aim is to develop hydrogen production and storage, industrial and transport use-cases

Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO

The company allotted 15.2 million shares to 14 investors at Rs 486 apiece

Cholamandalam Investment part of Vishwakarma consortium for NUE licence

The others in the consortium are Financial Software and Systems (FSS), Zoho, Zerodha, Razorpay, Ujjivan Small Finance Bank, and Airpay

KKR completes $15 bn Asia fund, says it has 'tremendous potential'

The firm said in January it had completed its inaugural pan-regional infrastructure and real estate funds: the US$3.9 billion Asia Pacific Infrastructure Investors Fund and US$1.7 billion Asia Real Es

Infosys m-cap tops Rs 6 trillion, shares end at record high of Rs 1,140

Infosys' shares have outperformed Sensex both on YTD and one-year basis, with a gain of 12.3% and 2.2x, respectively. In comparison, Sensex is up 2.7% and 63.5% on YTD and one-year basis

Consumer financier Bajaj Finance's asset under management grows 4% YoY

In Q4FY21, it booked 5.5 million new loans, down almost 9 per cent sequentially and 8 per cent YoY

Irdai brings draft rules for general insurers on product design, pricing

The regulator has asked all stakeholders to give their views on the draft guidelines before April 26

SBI, HDFC Ltd announce end to concessional loan offers

SBI had a special offer in March that offered home loans started from 6.7 per cent.

IndusInd Bank's advances up 3% YoY and sequentially in Q4FY21

The bank told stock exchanges its deposits have gone up by 27 per cent YoY to Rs 2.56 trillion

NCLAT removes stay on Reserve Bank of India action against Srei group

NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company

L&T Technology Services announces Amit Chadha as CEO & MD

Chadha's overall career spans over two decades in core engineering and information technology outsourcing

Subhash Kumar takes additional charge as ONGC CMD

Kumar is also the firm's director (finance) and has over 36 years of experience in diverse activities across the Exploration & Production value chain

Wipro to acquire Australian cybersecurity provider Ampion for $117 million

Ampion was formed through the merger of IT services providers Revolution IT and Shelde

RBI gives payment firms 6-month breather to comply with new framework

Earlier, the RBI had asked the payment aggregators to stop storing card details within their database as per its March 2020 guidelines that were to take effect from July this year

Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas

Perpule provides UltraPOS is a cloud-based, mobile POS system that substantially improves the billing and checkout process at stores