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Kotak Mahindra Bank gets Rs 5,400 crore deposits in Rs 2,000 banknotes

The bank floated 'ActivMoney' feature for saving and current accounts and started the incorporation of Kotak Karma Foundation

Examine if business models aligned with risk appetite: RBI's M K Jain

He also said that the supervisors need to examine IT issues holistically to determine whether banks have the capacity to develop robust IT systems that align with their business strategies

Markets dip as US Federal Reserve signals more interest rate hikes

US central banks pauses rate increase but signals two more hikes later this year

India's first micro-cap fund launched; to track Nifty Microcap 250 Index

The stocks in Nifty Microcap 250 Index are generally those that rank between 501 to 750 in the m-cap rankings

Ashok Leyland, Aidrivers to make autonomous truck model for port operations

Companies says first such electric platform in country will help port industry in zero emission

BSE offloads 4.54% stake in CDSL at discount for regulatory compliance

Exchanges allowed to hold only 15% in depositories; BSE held nearly 20% in CDSL at the end of March qtr

Cyclone Biparjoy: 50,000 shifted to shelters in Guj, heavy rains lash Kutch

Indian Army, Navy and Border Security Force (BSF) have also joined rescue and relief operations

Everest Fleet raises $20 mn to build capacity in Uber-led funding round

Firm operates in shared mobility space, is a partner to top ridesharing companies such as Uber and Ola, plans to add 10,000 EVs to existing fleet

SAT stays Irdai order to transfer Sahara Life Insurance assets to SBI Life

On June 2, Irdai directed SBI Life Insurance to take over policy liabilities of around 2 lakh policies of Sahara Life as the latter failed to comply with the regulatory directions

India likely to witness net outflow of 6500 HNIs in 2023, says study

However, the report said despite the outflow, India's capacity to generate new millionaires and its projected wealth growth makes the situation less concerning

Zydus Lifesciences gets USFDA nod for anti-smoking and arthritis drugs

The stock for Zydus Lifesciences rose 1.52 percent on BSE to Rs 517.70 per share

BAM Digital Realty to set up data centre in Mumbai at Rs 2000 cr investment

Company says its first such facility in India is nearing completion in Chennai

OYO launches 'stay now pay later' programme for Indian travelers

Customers will get credit limit of up to Rs 5,000 which can be settled after 15 days of hotel stay

Zee board to review Sebi order on Subhash Chandra and CEO Punit Goenka

The board is currently reviewing the detailed order and appropriate legal advice is being sought in order to take the next steps as required, Zee Entertainment Chairman R Gopalan said

JLR to invest £3 bn by FY26, shares of Tata Motors DVR hits Rs 300 mark

Shares of Tata Motors DVR rose 2.6 per cent to touch the Rs 301 mark on the BSE in Monday's intra-day trade

FLDG norms may dampen biz volume in segments with higher 5% limit: CRISIL

However, there won't be an overall impact on reported profits as the FLDG amount received will now be reckoned as a part of income

Indian Overseas Bank allows customers to use any name as account number

Public sector lender says the scheme is the first of its kind in the banking industry

Sequoia Capital plans to sell 10% stake in Go Fashion through block deal

The sale of the fashion retailers' shares would be conducted at a floor price of Rs 1,135 a share

Degrees of separation: In 17th LS, 27% of MPs had studied up to Class 12

Profile of present-day Lower House, progression of MP profiles over time bear review ahead of 18th Lok Sabha

CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%

Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues