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RIL exits US shale gas business by divesting Eagleford Upstream asset stake

Reliance Eagleford Upstream Holding announced the signing of agreements with Ensign Operating III, LLC, a Delaware limited liability company to divest its interest in certain upstream assets

18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe

Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium

IBM opens new innovation centre focused on hybrid cloud and AI in Mysuru

The unit aims to support clients in the transformation of their business, by using delivery capabilities throughout the system development life cycle, from design to architecture to creation

MCA21's version-3 to offer better user experience, enhanced scrutiny

The main purpose of the portal would also be to facilitate seamless integration and data exchange among regulators

Ladies Who Lead raises seed funding from Akasa Air co-founder Aditya Ghosh

Platform for India's top and emerging women leaders appoints him as Chief Mentor

Latent View Analytics IPO opens Nov 10; price band at Rs 190-197 a share

Latent will use the fresh issue proceeds for inorganic growth initiatives and for investment in its subsidiaries to augment its capital base

PolicyBazaar IPO subscribed 16.6x

SJS Enterprises' offering just about managed to scrape, while Sigachi Industries was subscribed 71x

Faze Technologies raises $17.4 mn in seed round led by Tiger Global

Coatue, Sequoia Capital India, Samsung Next among other participants

Zee to hold board meeting to consider Q2 earnings on November 11

The company, which has been immersed in a legal battle with its largest shareholder, had cancelled Octo­ber 27 board meet citing lack of quorum

Public cloud adoption in India to rise 30% to $7.3 bn in 2022: Gartner

The sector has accelerated since the onset of the pandemic, which was a tipping point for Indian businesses to realise its true value, says Gartner

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

JSPL reports consolidated net profit of Rs 2,584 crore for Sept quarter

Net sales of the company in the period under review stood at Rs 13,611 crore, up 67 per cent

HPCL's Q2 net drops 35% to Rs 1,919 cr, GRM halves to $2.44 a barrel

The GRM was impacted by the higher fuel and loss component in view of shutdown, restarting and stabilisation activities at both HPCL refineries

How OYO's pivot to revenue share helped it survive the Covid-19 pandemic

In spite of suffering setbacks in some markets like China and Japan, OYO has been successful in growing its business to more than 157,000 hotels and homestays

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

Kotak Special Situations Fund to invest Rs 1,000 cr in Sify Infinit Spaces

Investment will be in Compulsorily Convertible Debentures, which turn into equity based on Sify's operational performance over a specified period

Insurance companies apply big in Policy Bazaar's Rs 5,600 crore IPO

A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share