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Bank does not foresee asset quality challenges, rumours baseless: RBL Bank

The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%

Irdai eases solvency margin requirement for insurers underwriting crop biz

It is estimated that the Insurance Regulatory and Development Authority of India (Irdai)'s move to ease solvency margin will unlock nearly Rs 1400 crore.

LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL

The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14

Blockchain infra automation platform Zeeve raises $2.65 mn in seed round

Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations

LIC hikes stake in Capri Global Capital to over 7% for Rs 221 cr

Acquires about 3.6 mn shares at an average price if Rs 624.61 a share

IPL media rights: Package D sold even as bidding war goes on for package C

Package C includes rights for the opening game, final match, three play-offs and weekend double headers, a total of 18-20 of the best matches of each season for the next five years

Zomato, Swiggy directed to make data sharing call the user's prerogative

Dept of Consumer Affairs also asks e-commerce food majors to furnish proposal on improving consumer grievance redress mechanism within 15 days

Mobile-based PoS app QueueBuster raises Rs 63.3 cr in series A round

Funding led by Chiratae Ventures, Omidyar Network India and Flourish Ventures

Two broadcasters for IPL: Digital and TV rights valued at Rs 44,075 cr

Per-match value for digital rights has increased to 50 crore, while TV rights have been valued at Rs 57.5 crore per match

LIC shares face renewed selling pressure as anchor lock-in ends; fall 4.5%

Analysts said this week is likely to be a litmus test for LIC on whether the stock finds buying support from institutional investors like mutual funds at these lower valuations

IPL media rights auction concludes; value stays at Rs 43,050 crore

The per-match value for IPL has touched $13.5 million (or Rs 105 cr), which is second only to America's National Football League, which costs a broadcaster $17 million (Rs 132.26 crore) per match

Rupee breaches 78 per dollar mark for the first time on global cues

The rupee started depreciating rapidly since Russia invaded Ukraine in late February

IPL media rights auction: Bid amount nearing Rs 50,000-crore mark

IPL media rights auction: Though tech giants Amazon, Google and Apple have pulled out of the race, there appears to be no impact so far on the overall value of the bids being made

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

Footwear firm Khadim India celebrates founder's 96th birth anniversary

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Fintech startup HostBook raises $3 mn in series A funding led by Razorpay

Hostbooks intends to utilise the Series-A funding to further scale its operations and enhance its existing product suite

Payments Infrastructure Development Fund corpus touches Rs 811 crore

The contribution to the PIDF is made by the RBI, authorised card networks and card issuing banks. the RBI had made an initial contribution of Rs 250 crores to the PIDF

LIC slips for 8th straight day on muted growth, down 24% from issue price

LIC's inability to move up in the customer segment by significantly changing its product and distribution mix means that the insurer will continue to lose market share.

Market correction insufficient and pressure to continue, says Nomura

They could correct another 5% to 15% due to stress in the macro economy, says the brokerage.

Crisil launches new benchmark for investment vehicle aimed at the affluent

'Sub category' will help companies and clients in comparing various alternative investment funds.