Business

The Securities and Exchange Board of India (Sebi) has relaxed IPO norms to allow companies to announce the price band two days before an offering.

Taking a serious note of the slow progress of banks in addressing security issues, the Reserve Bank on Thursday gave them strict timelines to upgrade their ATMs, or else face action.

The standing advisory committee which recommends jute-packaging norms to the government has called for a conditional dilution on the use of jute bags to pack foodgrains for jute year 2018-19 (July-June).

Online travel aggregator Cleartrip has acquired Saudi Arabia-based Flyin, engaged in a similar business, for an undisclosed amount to capitalise on the growing shift to online travel in the Middle East and North African (MENA) region.

The Securities and Exchange Board of India (Sebi) on Thursday said it had initiated enforcement actions against various entities in the National Stock Exchange co-location case.

French technology major Capgemini on Thursday hinted at slowing down on local hiring in the country as it has hit a peak in terms of transferring jobs from the developed markets.

Online food delivery platform Swiggy on Thursday took on the unicorn's mantle, raising $210 million in a fresh round of funding, led by Naspers and DST Global. The transaction will also see participation from Meituan-Dianping and another new investor, Coatue Management.

Outgoing chief economic adviser Arvind Subramanian on Wednesday said achieving a double-digit growth would be challenging because of a deteriorating external economic environment, pouring cold water on interim finance minister Piyush Goyal's assertion that the magical number was just round the corner.

Police arrested the chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

India has urged the Organisation of Petroleum Exporting Countries (Opec) to keep crude price at a reasonable level at a time the cartel of oil producers and others are meeting in Vienna to review the production cut agreed till the end of this year.