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Zomato's weightage in FTSE indices to rise to 24.9% from August 11

Shares of Zomato gained 2 per cent to close at Rs 55.6

85% of Indian children cyberbullied, highest globally: McAfee report

India also reported prominent acts of cyberbullying such as spreading false rumours at 39%, being excluded from groups and conversations at 35% and name calling at 34%

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

Indian Overseas Bank plans to raise Rs 1,000 cr via QIP to sustain growth

During the quarter under review, the bank's total income dipped to Rs 5,028 crore as against Rs 5,607 crore during the April to June quarter of 2021-22

Monetary policy: Negative interest rates are a matter of concern, says RBI

'The monetary policy is an inflation targeting framework while keeping in mind the objective of growth', said Das

Market regulator Sebi devices framework to curb insider trading

Initially, the new system will be applicable only for companies that are part of Sensex and the Nifty

Sebi constitutes an expert group of FPIs to boost overseas flows

The FPI Advisory Committee (FAC) will be chaired by KV Subramanian, and consists of 14 other members representing foreign banks, stock exchanges depositories and the RBI

IBS Software to develop a passenger service system for Jet Airways

This will comprise booking engine, inventory and revenue management, departure control and loyalty management systems

Engineering company Fabrication Bazar raises Rs 7 cr in seed round

Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta and Mohit Garg, has developed a cloud fabrication and tracking platform for manufacturing

Adani signs agreement with Israel agency for access to technology

Collaboration will give Indian group access to latest know-how in 5G, cyber, AI

Adani Power logs 16x rise in Q1 net, revenue rises 109% to Rs 13,723 crore

The company's consolidated revenue from operations rose 109 per cent to Rs 13,723 crore compared to Rs 6,569 crore last year

CII asks govt to bring in millennial bonds to boost forex reserves

Sanjiv Bajaj asked the govern­ment to put more money in the pockets of the consumers by redu­cing personal income tax rates to revive consumption demand in the economy

Fintech start-up Credit Fair raises $10 million in debt and equity

Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments

PwC India completes acquisition of Salesforce consulting firm Venerate

Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the Salesforce platform across multiple clouds. The solutions help organisations in managing customers and sales

Supreme Court wants states to make DIN mandatory for GST officers

A DIN is a 20-digit identification code that is affixed to every communication sent to taxpayers by the government

Govt withdraws Data Protection Bill, 2021, will present new legislation

'The bill will soon be replaced by a comprehensive framework of global standard laws for contemporary and future challenges and catalyse PM Modi's vision of India Techade,' says MoS IT

PwC India completes acquisition of Venerate Solutions Private Ltd

Venerate builds and deploys customised solutions on the Salesforce platform across multiple clouds including financial services cloud, salesforce marketing cloud, etc

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Jitendra New EV inks pact with FAE Bikes to supply 12K e-scooters

FAE Bikes will offer these scooters on rent to EV customers

Maruti couldn't produce 51K units due to chip crunch in June qtr: CFO

The country's largest carmaker, which sold 467,931 vehicles during the June quarter, noted that the semiconductor shortage is a challenge in planning its production activities