Harsha Engineers International, manufacturer of precision bearing cages, on Friday said it has fixed a price band of Rs 314-330 per share for its Rs 755-crore initial public offering (IPO).

The initial share-sale will open for public subscription on September 14, and conclude on September 16, the company announced.

As Indian organisations prepare to implement the new global payment security standard in the 5G era, a Verizon report said on Friday that the financial sector continues to be victimised by motivated organised crime, with servers being involved in 90 per cent of financial breaches.

Despite the Payment Card Industry Data Security Standard (PCI DSS) compliance improving significantly in 2020, the cybersecurity threats organisations face are more cunning and evasive than they were even two years ago, according to the 2022 Verizon Payment Security Report (2022 PSR).

Devika Bulchandani, who will replace Andy Main as global chief executive officer (CEO) of Ogilvy, will be the first Indian-origin woman to occupy the corner office at one of the world’s top advertising agencies.

Indian men, on the other hand, have seen quicker elevations. This includes Ogilvy India chairman Piyush Pandey, who is chairman of global creative at Ogilvy, since last year. He was earlier global chief creative officer at Ogilvy before making way for Liz Taylor to take up the role last year.

Appellate tribunal NCLAT has set aside insolvency proceedings against Mack Star Marketing initiated by the NCLT Mumbai after observing that the term-loan provided by Yes Bank to it was an "eye-wash" and "collusive in nature".

A two-member bench held such collusive transactions do not fall within the ambit of the definition of Financial Debt as defined under Section 5(8) of the Insolvency & Bankruptcy Code and therefore Suraksha Asset Reconstruction cannot be termed as a Financial Creditor.

The Adani Group will launch its open offer for acquiring an additional 26 per cent stake in media firm New Delhi Television Ltd (NDTV) from October 17 to November 1, JM Financial, which is managing the offer, said in a draft letter of offer (DLOF), on Thursday.

The open offer for acquiring up to 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will amount to Rs 492.81 crore, if fully subscribed.

Google is set to run a pilot test for the local developers to distribute their daily fantasy sports (DFS) and rummy games apps on Play Store in India, as e-sports become big in the country.

Starting September 28, Play Store will begin a limited-time pilot allowing for the distribution of DFS and Rummy apps to users in India by developers incorporated in India.

The initial 5G rollout in the metro cities may not see any tariff hikes from Reliance Jio and Bharti Airtel, according to a Financial Express report.

Telecom operators Reliance Jio and Bharti Airtel are not looking at higher tariffs for 5G services during the initial level of launch in metro cities.

Fitch Group unit CreditSights said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by India's richest person, Gautam Adani, following a conversation with the management.

CreditSights's report late last month calling the conglomerate "deeply overleveraged" and flagging other risks had sent shares of many Adani companies down.

Ministry of Finance cleared a proposal to convert the accrued interest on dues related to deferred adjusted gross revenue (AGR) worth Rs 16,130 crore of Vodafone Idea into equity, reported Economic Times.

The telecom department will now have to finalise the transaction according to the package announced earlier.

E-commerce retailers led by Amazon and Flipkart are expected to garner sales worth $11.8 billion this festive season, comfortably more than double the pre-pandemic figure of $5 billion in 2019, according to a report by consulting firm Redseer.

Covid-19 has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency than last year, analysts say.

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