- The RBL Bank IPO was subscribed over 70 times, and the company will get around Rs 830 crore from its IPO. Investors were attracted to RBL Bank’s track record - the company has based on disclosures managed to grow without compromising asset quality and without high debt. The bank targets the SME lending and retail space. BS
- The Modi government is hiring non-governmental positions through its MyGov portal, looking for experts in a variety of fields from software developers to writers and management professionals. The government is hoping to recruit 'citizen experts' in various domains for contractual services as needed. ET
- Some much-needed good news for Infosys with the government's GSTN project, with the company expecting $60 million in incremental revenues in the next couple of quarters. This will improve the company's current growth by at least 1% in the next couple of quarters. LiveMint
- The 'payment notices' on Vijay Mallya's table continues to pile up, with the Enforcement Directorate now bringing fresh charges against the former tycoon regarding the loan default of Rs 6,027 crore from nationalized banks. The ED is trying to invoke the India-UK Mutual Legal Assistance Treaty to force Mallya's return to India to stand trial. Firstpost
- Photo of the Day: Students in Mumbai participate in celebrations ahead of the Janmashtami festival. Reuters/Siddiqui
