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RBI deputy governor Rajeshwar Rao to handle regulation department

After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors

Tata Tech, GKN Automotive set up e-mobility software centre in Bengaluru

Spread over 12,650 sq ft, the unit will leverage Tata's expertise in electric and embedded systems, and its ability to attract talent to work on GKN Automotive's e-drive

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

Likhitha Infrastructure IPO sails through after tweaks to structure

Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand

Urban Company introduces unlimited mental health leave for workers

Any employee who wants to avail the service would have to register on iWill

Airline industry still in the red, losing $ 300,000 per minute: Association

IATA calls on governments to support the industry during the coming winter season with additional relief measures

Sebi tweaks product labelling norms for MF industry, introduces new label

The regulator also released a detailed framework for assigning labels to various mutual fund schemes

India born Bhaskar Ghosh named Accenture's chief strategy officer

Simon Eaves who was previously the chief strategy officer at Accenture has been appointed managing director for UK and Ireland

Union Budget 2021: Finance Ministry to start budgetary exercise from Oct 16

The Finance Ministry issued a Budget circular on Thursday evening, which contains necessary instructions and deadline for submission of details by different central ministries and departments

Sebi directs mutual funds to report restructuring requests to raters

Debenture trustees have been directed to communicate immediately to investors any restructuring proposal

SP slaps notice on Tata Sons board, seeks damages for blocking fund raise

Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders

ACKO raises $60 million from Munich Re and other existing investors

The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital

Micron Technology partners top varsities to foster tech innovations

The US-based company has introduced the Micron University Research Alliance (URAM), which will focus on building talent in science, technology, engineering and math

Analjit Singh, Max Ventures sell Max Healthcare shares worth Rs 516 crore

Singh sold his entire stake of 0.64 per cent stake worth Rs 64.41 crore in Max Healthcare, which, according to Friday's closing price, has a market capitalisation of Rs 11,877 crore

Adani's defence subsidiary acquires majority stake in PLR Systems

The transaction was completed by way of a cash transaction with one of the existing shareholders of PLR Systems

Kamath panel to submit recommendations on debt restructuring today

The panel was formed to advise the RBI on the debt restructuring of corporate borrowers facing stress due to the pandemic.

KfW IPEX-Bank offers loan of 10 mn euros to Srei Equipment Finance

The borrower, SEFL, was set up in 2008 to pool orders from individual Indian construction companies and make the newly ordered machines available to the respective users.

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

NCLT approves sale of IL&FS' education assets to Falafal Technology

IIDMCC is the wholly-owned subsidiary of ITNL International Pte Limited (IIPL), which in turn is a wholly-owned subsidiary of IL&FS Transportation Networks Ltd