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India-dedicated funds follow global EM trend as outflows hit $547 mn in May

In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May

Benchmark indices extend winning streak as commodity prices moderate

Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices

Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit

Funds raised for first phase of greenfield plant, firm signs financing documents with SBI-led consortium

Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years

Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) of Axis Bank in 2013 and then joined the bank's board in 2016

RBI extends deadline for card tokenisation by another 3 months till Sept 30

Encourages cardholders to tokenise data themselves for preventing fraud

Sebi relaxes regulatory framework for AIFs targeting 'accredited investors'

Sebi also has directed all AIFs to designate an employee as compliance officer, who shall be a person other than the CEO

Nifty auto index surges 7% in biggest weekly advance in 17 months

The latest gain comes on the back of easing commodity prices and supply chain issues

Stalin launches Centre for advance mfg; urges faster industry 4.0 adoption

Two centres at Sipcot Industrial Parks inn Hosur and Sriperumbudur also launched; Maturity Index survey also set up to help companies achieve their Industry 4.0 goals

Sequoia India's Surge programme extends seed fund range up to $3 million

Surge startups have collectively raised over $1.5 billion in follow-on rounds

Spandana Sphoorty-Reddy settlement clears way for announcing FY22 results

Padmaja Reddy resigned from her position as the managing director of the company on November 2, 2021. Subsequently, certain disputes arose between Reddy and the board

Regulator shouldn't view co-op banks with suspicion, says Amit Shah

Central government working to set up a national-level cooperative university

Ultimate Kho Kho league gets Odisha govt as fifth franchise owner

Adani, GMR, Capri Global and KLO Sports are other team owners in the upcoming league

PVR, Inox get SEBI nod for merger to create India's largest multiplex chain

PVR promoters will have a 10.62% in the combined entity; Inox's side will have a 16.66%

Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%

Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors

Cloudflare 'widespread' outage causes downtime in stock trading apps

Retail investors bruised as stock trading apps face 'connectivity issues'

PwC India to buy salesforce consultancy Venerate Solutions for unknown sum

Deal aligns with PwC's move to invest in digital transformation and strategic alliances

Vahak raises $14mn in series A round led by Nexus Venture Partners

Deal takes total fundraise to $20 mn; Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs

Marzin R Shroff to step down as MD & CEO of Eureka Forbes in August

Will move to a new role as a senior advisor to both Eureka Forbes and Advent International