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Irdai issues draft rules for promoting and regulating surety insurance biz

A general insurer can start a surety business if it has 1.25x the solvency margin; but if solvency goes below the required level, insurer will stop underwriting new business

TfL signs 10 yr contract with TCS for design, operation of mobility system

Through the contract, valid for 10 years, and with the possibility of a five-year extension, TCS will digitally transform taxi and private hire licensing and administration

Govt likely to reintroduce the TMA scheme for farm exporters

A person aware of the matter said that the decision was taken in a meeting on 'export logistics Issues and their resolution'

Indian economy is on the recovery path, says MPC's Mridul Saggar

The Indian economy is on the recovery path, but structural challenges remain, Saggar said at an event

Four recently listed IPO stocks dip ahead of anchor lock-in expiry

The 30-day lock-in period for anchor investors ends on Monday for all the four companies

CPPIB sells 2.3% stake in SBI Life Insurance Company

The shares were sold at Rs 1,171 apiece

Paytm Money to offer curated ETFs in tie-up with investment startup

Curated ETFs are based on themes like high dividend-yielding stocks, consumer goods stocks or stocks to benefit from make-in-India theme. They've become popularity amid a bull run in the market

S&P Global revises Bharti Airtel outlook to 'stable' from 'negative'

S&P said Airtel's "improving operating fundamentals should improve its margins and Ebitda"

Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round

The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund

Mumbai Angels Network invests $320,000 in game developer GameEon Studios

India's gaming industry has been growing at a CAGR of 18.6% and is estimated to reach $2 billion by 2023

Notion acquires Automate.io; gets its first engineering hub in India

With platform partners like Zapier and IFTTT, and with the launch of the Notion API earlier this year, Notion has expanded access to thousands of integrations for every kind of Notion user and the tea

Ami Organics IPO subscribed 1.9x, Vijaya Diagnostic 0.3x on Day-1

While Ami is a pharma-focused specialty chemicals firm, Vijaya Diagnostic is among the largest diagnostic chains in southern India

ICICI Bank m-cap tops Rs 5 trillion as stock hits lifetime high intra-day

At the closing price, the lender was valued at Rs 4.98 trillion; HDFC Bank is the only lender valued higher, at Rs 8.74 trillion

Sebi tweaks liquidity enhancement scheme for stock exchanges

Going ahead, exchanges will have to obtain prior approval of their governing board before launching any scheme

Google products to show real-time CoWIN data around vaccines from this week

People will be able to get more helpful information about vaccine availability and appointments across Google products and platforms for over 13,000 locations across the country

IMF raises India's special drawing rights allocation to $17.86 billion

SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves

Snapdeal sees 493% rise in kids apparel category in Jan-July

Since the beginning of the pandemic last year, kidswear in general saw huge growth online as parents tried to keep children away from crowded markets and malls

Minda picks up 26% in charging solution startup EVQPOINT via subsidiary

Deal will allow Spark Minda to capitalise on the shift to electric mobility and bolster its position as a one-stop shop for comprehensive charging solutions for EVs

EIL Technical Director Vartika Shukla takes charge as chairperson

A Chemical Engineer from IIT, Kanpur, Shukla joined EIL in 1988 as a Mgt Trainee. In her 32 years at the firm she has led the completion of many energy projects in India and abroad

Domestic LPG price hiked again by Rs 25 a cylinder

This is the third consecutive hike in domestic cooking gas prices