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SpiceJet, Credit Suisse end legal battle, sign settlement and consent terms

The settlement and consent terms, executed on May 23, 2022 between SpiceJet and Credit Suisse have also been filed before the Supreme Court of India for final orders

WSO2 completes $93 mn series E funding with investment from Info Edge

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India

ICICI Direct launches life-stage investing tool LIFEY for customers

ICICI Direct has launched LIFEY with a dashboard, which will enable its customers to comprehensively track the progress of their goals and provides timely alerts

Venus Pipes stock gains 9% on listing; eMudhra IPO subscribed 2.7x

Through the IPO, Venus Pipes raised Rs 165.4 crore in fresh capital

Ride-hailing service BluSmart closes Series A1 funding round, raises $25 mn

This is a follow-up to the series A round that closed in September 2021, bringing the total of BluSmart Series A investment to a significant $50.7 million

Zomato stock zooms 18% intraday on improved disclosures, gains 14% at close

7-8 large brokerages have come out with recommendations of overweight to buy since the firm announced its results on Monday after market hours

PM Modi to inaugurate, lay foundation stone for Rs 31,400 cr projects in TN

The Prime Minister will also dedicate five projects worth over Rs 2,900 crore to the nation

BS-Seema Nazareth Award: Future of diplomacy will be people-led, says Rao

This year, a Special Mention award was conferred on New Delhi-based Feature Writer Akshara Srivastava, who joined Business Standard in September 2021

Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6

The acquisition will make the Adani family the second biggest cement maker in India after Ultratech

eMudhra IPO subscribed 96% on day 2, issue subscribed 1.7 times

The IPO comprises Rs 200 crore fresh fund raise and Rs 213 crore secondary share sale.

BS-Seema Nazareth Award: Full text of ex-foreign secy Nirupama Rao's speech

Ordinary people can help break down diplomatic baggage, says Rao

CarTrade Tech ties up with Chola for financing used vehicle purchases

Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech's CarWale abSure's dealers

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4

The bank is expecting a 12 per cent growth on advances and 15 per cent on the CASA front during the current financial year.

Sebi tightens cyber security norms for MIIs, mandates thorough audits

MDs and CEOs of MIIs to submit declaration of compliance with all circulars and advisories on cyber security issued by Sebi from time to time

Indiabulls Housing Finance Q4 net up 11.23% to Rs 307 cr, FY22 net dips

Income from operations fell to Rs 2,189 cr in Q4FY22 from Rs 2,372 cr in Q4FY21. Amount set aside for impairment on financial instruments declined to Rs 92 cr from Rs 316 cr

FPI holding in HDFC, HDFC Bank drops amid sharp selloff in domestic market

FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC

Prudent Corporate is third straight IPO to list at discount, shares dip 10%

Weak listings come on the back of a selloff in the secondary market. Nifty has crashed as much as 8% this month before the latest rebound

HNI interest sees Ethos IPO scrape through with just 1.03x subscription

Retail investor portion subscribed 82%, HNI was covered 1.48x and institutional investor category received 1.06x subscription