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RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

The shareholders at the annual general meeting held on August 9, 2019, had already approved the appointment of Bakhshi for a period effective from October 15, 2018, upto October 3, 2023

IBM to set up Software Lab in Ahmedabad: Check details here

Proposed expansion is aligned with IBM's vision to shape future of software development through an open, secure, decentralized architecture that helps clients automate, secure, modernize and predict

BharaPe enters P2P lending with '12% club', taps NBFCs to sell product

The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%

Eldeco Infra, HDFC Capital float platform for low-rise plotted development

Projects will be undertaken by SPV with initial outlay of Rs 150 cr; two projects identified in Panipat and Faridabad with combined saleable area of 1.5 mn sft, potential sales of Rs 500 cr

Hike raises undisclosed amount, led by Tinder co-founder Justin Mateen

This latest round of funding will be deployed to expand Hike's product strategy along with enabling high-quality hiring across functions

Breathe Well-being raises $5.5 mn in Series A round led by Accel

This round saw the exit of angel investors who have received a 30X exit and early employees being rewarded with ESOPs encashment

AppsForBharat raises $4 mn in seed fund from Sequoia Capital and BEENEXT

The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent

Portea Medical elevates Meena Ganesh as chairperson; Vaibhav Tewari is CEO

The new appointments have been made to further synergise and streamline Portea's operations in the new normal, and activate the 2023 growth strategy of the organisation

Partners Group sells Rs 837 cr worth of shares of Aavas Financiers

The stock slid 3.7 per cent on the BSE Sensex to end at Rs 2,385 on Friday and is down 10.1 per cent since August 17

Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club

The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners

N K Singh succeeds Manmohan as president of IEG

Singh has been the chairman of the Fiscal Responsibility and Budget Management review committee and also served as member of the Rajya Sabha (2008 -2014)

Nitin Chugh resigns as MD & CEO of Ujjivan Small Finance Bank

Chugh resigned from his position citing personal reasons, effective September 30, 2021

Bharti Airtel moves Supreme Court with review petition in AGR case

The company has sought correction of arithmetical errors in calculations linked to AGR

Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years

Jain is presently the Executive Director of Bank of Baroda

Oyo to hire 300 tech employees over six months for multiple roles

Profiles include software development, engineering and product managers, designers, data scientists across entry-level to senior leadership roles

Intel, IIT Bombay's SINE launch initiative to accelerate Industry 4.0

Called Plugin Alliance, the initiative will enable the formation of special interest groups for its industry members to drive innovation and potential adoption of emerging technologies

HCL Tech appoints Fabiano Funari as the country head for Brazil

Funari joined the firm to spearhead its growth for all industries and capabilities in Brazil, where HCL employs more than 800 people

Diesel price cut by 20 paisa for second consecutive day, petrol unchanged

After the price revision, diesel sold at Rs 89.47 a litre in the national capital, 40 paisa lower than the record high of Rs 89.87 a litre

Hashnode raises $6.7 mn in Series A fundraise led by Salesforce Ventures

This funding follows a $2.1 million seed funding round in December 2020.

RBI to buy Rs 5,000 cr of bonds from secondary market under G-SAP on Aug 26

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds