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Swiggy closes USD 1.25 billion funding led by SoftBank Vision Fund 2, Prosus

Swiggy has announced closure of USD 1.25 billion (approximately Rs 9,345 crore) funding led by SoftBank Vision Fund 2 and Prosus.

What is Neobank? All you need to know

A neobank is basically a digital bank without any physical branches. It is entirely online without being present at any specific location.

ACC shares jump nearly 7 per cent; hit 52-week high after earnings announcement

The stock jumped 6.90 per cent to Rs 2,299.05 -- its 52-week high -- on the BSE. At the NSE, it gained 6.87 per cent to Rs 2,299. 90 -- its 52-week high.  

HCL Tech Q1 net profit up 9.9 pc to Rs 3,214 cr; co confident of double-digit revenue growth in FY22

IT services major HCL Technologies on Monday posted a 9.9 percent rise in consolidated net profit to Rs 3,214 crore for the June 2021 quarter, and exuded confidence in logging double-digit constant currency growth in FY22 on the back of a strong deal pipeline.

Shiv Nadar steps down as HCL Tech MD, C Vijayakumar to take over

​Shiv Nadar, a pioneer in the Indian IT sector, has stepped down as the managing director and board member of HCL Technologies, a year after handing over the reins of the IT major to his daughter, Roshni Nadar Malhotra.

Sensex tanks 587 points; HDFC Bank slumps over 3 per cent

Equity benchmark Sensex tanked 587 points on Monday, tracking heavy losses in HDFC twins, Reliance Industries, and Axis Bank amid a weak trend in global markets.

Gold Price Today: Gold declines Rs 126; silver tanks Rs 97

Gold prices declined by Rs 126 to Rs 46,967 per 10 gram in the national capital on Monday in line with a fall in international precious metal prices, according to HDFC Securities.

Clean Science and Technology shares zoom over 98% on listing

Clean Science and Technology Ltd zoomed over 98 per cent in debut trade on Monday against its issue price of Rs 900.

Sensex tanks over 500 points in early trade; Nifty slips below 15,800

In the previous session, Sensex ended 18.79 points or 0.04 per cent lower at 53,140.06, while the broader NSE Nifty slipped 0.80 points or 0.01 per cent to 15,923.40.

Paytm IPO date to be announced soon, set for mega debut

Paytm IPO will be the largest since the 2010 issue by state-owned Coal India. It will raise Rs 16,600 crore from the offer.

Clean Science and Technology, GR Infraprojects shares to be listed today, GMP indicates strong debut

Clean Science, GR Infra Listing, GMP: The shares of Clean Science and Technology and GR Infra will be listed on the BSE and NSE today. The grey market premium indicates a strong debut.

Big Relief! GST to be paid only on profit earned on resale of second-hand jewellery, AAR clariifes

The Karnataka bench of the AAR observed that GST is payable only on the margin between the sale price and the purchase price

Reliance's O2C, new energy biz may be valued over USD 100 bn: Report

At the company's annual general meeting of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.

Complied with 85% of asks on tech, RBI to take call on lifting ban on issuing new credit cards: HDFC

Frustrated at repeated tech outages at HDFC Bank, the RBI took unprecedented action against the lender in December 2020, putting a freeze on it issuing any new credit card, a segment in which it was a market leader.

Restructuring on cards in absence of moratorium: HDFC Securities

Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets.

Fuel Price Hike: Petrol prices near ₹102 in Delhi, diesel rate unchanged

Across the country as well, Petrol price increased in the range of 30-40 paise per litre, while diesel prices remained unchanged.

ED conducts searches against Videocon group, promoters in money-laundering case

The case pertains to alleged diversion of bank loan funds and the agency is probing if the money was laundered, the sources said.

SBI working towards launching Yono 2: Chairman

Speaking at a banking event organised by industry body IMC, Khara said when the bank initially started Yono, it was thought of as a distribution platform for the retail segment products.

ED raids residence, office of Videocon promoters Venugopal and Rajkumar Dhoot in Mumbai

Zomato IPO gets bumper 38 times oversubscribed

Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. 

Reliance retail acquires controlling stakes in Justdial for Rs 3,497 cr

The RRVL would make a Public Announcement to the public shareholders of Just Dial to acquire up to 2.17 crore equity shares of Just Dial representing 26.00% in accordance with SEBI Takeover Regulations.  

SBI-led bank consortium gets Rs 792cr by sale of Kingfisher Airlines' shares in Vijay Mallya case

The Enforcement Directorate claimed that the banks and the government exchequer have realised 58 per cent out of the total fraud perpetrated in two of the country's biggest criminal bank loan heist cases till date.

Gold Price Today: Gold declines Rs 73; silver tanks Rs 196

Gold prices declined by Rs 73 to Rs 47,319 per 10 gram in the national capital on Friday amid fall in global precious metal prices, according to HDFC Securities.

Do you have Mastercard's Debit, Credit Card? What will happen to existing customers after RBI's ban

Citing the violation of norms on storage of payment systems data, the Reserve Bank of India has prohibited Mastercard from issuing debit cards, credit cards and even prepaid cards to new customers, starting from July 22.

FedEx Express to invest USD 100 million in Delhivery

FedEx Express will invest USD 100 million in the e-commerce logistics platform Delhivery.

SBI net banking, YONO app, UPI services to remain down today. Check details

The bank has notified its customers by tweeting about the period of suspension of banking services.

Paytm IPO: Company files draft papers for Rs 16,600 crore public offer

Paytm has filed a draft red herring prospectus for its proposed Rs 16,600 crore IPO.  

LIC IPO: Govt invites bids from merchant bankers, legal advisors for public offer

Kickstarting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offer.