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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

TVS Credit Services raises Rs 480 crore capital from Premji Invest

The primary capital will be utilised to further strengthen TVS Credit's efforts in expanding its customer base in new markets

VLCC Health Care to acquire men's grooming brand Ustraa for undisclosed sum

"Post merger, VLCC will make further investments to accelerate the growth of Ustraa," VLCC said in its press release

Banks wary of liquidity on ahead of the advance tax outflow and GST

VRRR mop-up equals to value of 85% of Rs 2000 notes returned

Go Digit Life Insurance receives IRDAI's approval to start business

"This is the fourth registration granted by IRDAI in last one year in Life and Non-life segment," it added

Edtech giant Byju's likely to lay off 1,000 more employees, say reports

Media reports suggest these employees are contractual and are part of the sales team

We have $2.5 billion of uninvested dry powder: Peak XV Partners MD

It is a rebrand - Sequoia India and Southeast Asia is now Peak XV Partners. We are very bullish on India and Southeast Asia as a market and we are going to only double down

Shares of Zomato rise above their IPO price after more than a year

Analysts said that there is a renewed interest in new-age companies like Zomato because of the jump in revenues and a clearer path to profitability

Rupee trade volumes likely to get a fillip after RBI's IFSC ruling

So far now only residents outside India were allowed to be sold these contracts

Tepid response to RBI's two-day VRRR auction; banks park Rs 1,850 crore

The central bank infuses liquidity into the banking system using repos and sucks it out using reverse repos

Benchmark indices end at six-month high ahead of RBI rate decision

Buying by FPI sustains sentiment; strong market breadth, with 2,259 stocks gaining, 1,302 declining on BSE. Four-fifths of Sensex stocks gain

Maruti prices Jimny competitively at Rs 12.74 lakh to match Mahindra Thar

Car to play key role in MSIL's goal of becoming country's top SUV maker; M&M to challenge competition by bringing out a 5-door version of the Thar

Adani stocks gain up to 5% after stock exchanges widen circuit filters

Of the four scrips which underwent price band change, only Adani Green closed 0.75% down at Rs 985.45

Google Pay allows users to validate UPI using Aadhaar authentication

Company says it will not store Aadhaar numbers and will act as a facilitator for validation

Bond issuances by banks to fall below Rs 90,000 cr in FY24: Report

Issuances hit all-time high of Rs 1.1 trn previous financial year but liquidity conditions easing now

HCLTech opens new facility in Chennai for 5G infrastructure testing

IT services company says the laboratory will help advance telephony and ensure quality

Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May

New India Assurance Co Ltd, the largest government-owned general insurance player reported a growth of 9.67% to Rs 2421 crore while private sector insurer ICICI Lombard grew by 21% to Rs 1730 cr

Rupee drops 37 paise against US dollar ahead of June monetary policy meet

The dollar index gained strength on Monday and most Asian currencies weakened against the dollar

TCS bags 10-yr contract for managing Teacher's Pension Scheme in Eng, Wales

The Teachers' Pension Scheme is the UK's second largest public sector pension scheme, with over 2 million members

Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

If the management fails to meet expectations, the board should even consider replacing it, he said