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Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

Uday Kotak's term would have ended on December 31, 2023. Joint MD Dipak Gupta has been appointed interim CEO

India's GST collection increases 11% to Rs 1.59 trn on better compliance

Mop-up for Centre, states and revenue from IGST moderated compared to previous month

Rishabh Instrument IPO subscribed 32x; Arkade Developers files DRHP

As of July 31, Arkade had developed 1.8 million square feet of residential property. Its revenue in FY23 stood at Rs 224 crore

Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender

On Friday, shares of IDFC First Bank fell by as much as 5 percent in early trading but recovered to end little changed

Infosys Completes acquisition of Danske Bank's IT Centre in India

Headquartered in Denmark, Danske Bank provides banking services to personal and business customers, as well as to large corporate and institutional customers

Jupiter Life Line Hospital announces IPO, plans to mop up Rs 869 crore

The company has disclosed that approximately Rs 500 crore from the public offering will be allocated towards debt repayment

About 93% Rs 2,000 currency notes returned to banking system, says RBI

The Reserve Bank today said in absolute terms, the total value of Rs 2,000 banknotes received back from circulation is Rs 3.32 trillion up to August 31, 2023

The Alternative Board forays into Tamil Nadu, sets sight on SMEs

Ramas Krishnan, managing partner of TAB India, said, "We began TAB India operations in Mumbai

Mahindra Logistics to provide Flipkart with heavy commercial vehicles

Companies announce collaboration to improve e-commerce firm's line haul transportation

Byju's and lenders postpone legal battle, aim for out-of-court settlement

The parties are working on reaching a forbearance agreement, and discussions are still ongoing

NSE starts onboarding MF platforms as EOPs; shares of Aeroflex gain 50%

Shares of Aeroflex Industries rose over 50 per cent over their issue price in their stock market debut on Thursday

India's hiring outlook for festive season shining, shows Indeed survey

69 per cent of employers surveyed are looking to hire temporary workers this festive season

Essar Oil reports Rs 190 cr revenue, net profit of Rs 81 cr for June qtr

The PAT for the quarter was up 12 per cent due to improvement in sales volume, it said in a statement

MediBuddy raises $18mn in additional funding, to grow via acquisitions

A substantial portion of these funds will be meticulously channelled into strategic acquisitions and fortifying its existing offerings

Softbank sells 1.16% stake in Zomato, Navi MF files papers with Sebi

Navi Mutual Fund may soon join other peers in launching a balanced advantage fund

WhatsApp announces enhanced features for Mac users; check details here

Earlier this year, the company introduced a new WhatsApp app for Windows desktop, and it is now bringing the same improved experience to Mac users

EPFO issues SOP for processing joint declaration for profile updation

In an internal circular issued to its zonal offices last Tuesday, the SOP for the process of joint declaration for correction in UAN profiles

University of Notre Dame sells 3% stake; Vishnu Prakash IPO subscribed 88x

The company was looking to issue Rs 309 crore in fresh capital through the IPO

MSMEs in steel sector get an India build-out lift: CRISIL SME Tracker

MSMEs in the steel sector mostly manufacture long steel products such as rebars and wire rods using induction-based furnaces and raw materials such as steel scrap and sponge iron

Apollo plans to expand connected care programme across the country

For the past two years, Apollo has been piloting Apollo Connect with specialty hospitals and nursing homes pan-India and has seen immense success across the board