CRISIL Ltd, a diversified global analytics company, will transfer its rating business to its proposed new wholly-owned subsidiary. The board of CRISIL gave the nod for the transfer, which is being done to comply with SEBI norms of 2018. Earlier, SEBI had modified its regulations for credit rating agencies and mandated the segregation of rating and non-ratings businesses of credit-rating agencies. CRISIL proposes to undertake the transfer of its ratings business through a scheme of arrangement in terms of Section 230 to 232 of the Companies Act, 2013, to be approved by the stock exchanges and the National Company Law Tribunal.

Bombay Stock Exchange (BSE), Asia's first and India's largest stock exchange and Network Intelligence, a global cybersecurity services provider & CERT-IN empanelled vendor inks Memorandum of Understanding (MoU) to provide cybersecurity services to its members according to the cybersecurity framework set by SEBI. Last year, SEBI had released its guidelines on cybersecurity titled "Cybersecurity & cyber Resilience Framework for Stock Brokers/Depository Participants".

Google has partnered with bullion refiner MMTC-PAMP India to allow Google Pay users to buy and sell gold through the app. Through this partnership with India's only LBMA-accredited gold refinery, Google Pay users will be able to buy 99.99% 24-karat gold. This type of service is already offered by the likes of Paytm, Mobikwik, and PhonePe.

Vodafone Idea Ltd on 3 May 2019 announced a five-year multi-million-dollar IT outsourcing deal with IBM. The deal will provide a platform for fast-track joint initiatives in Artificial Intelligence and Internet of Things. The new infrastructure platform will remove constraints to an exponential growth of data usage driven by increasing consumption of video, streaming and digital commerce.

Paytm has launched a recurring payment service for merchants that are working on a digital subscription model. The move will allow the subscription-based businesses to collect payments from their subscribers effortlessly. Recurring payments are an automatic payment system wherein the merchants automatically charge their customers for a specified service on a pre-arranged schedule.

Dream11 has just become a Unicorn, that is a billion-dollar startup. Few exciting developments have made Dream11 to be the India's first gaming startup to join the elite club of privately-held startups. The term "Unicorn" refers to the tech startups with the market valuation of $1 billion.

Flipkart-owned fashion e-commerce platform Myntra announced that it had appointed celebrity couple Virat Kohli and Anushka Sharma as its first brand ambassadors. Myntra has launched the integrated campaign called 'Go Myntra-la-la' which will be promoted across television, print, digital and outdoor.

BSE (earlier known as Bombay Stock Exchange) and India International Exchange (India INX) have signed a memorandum of understanding with Moscow Exchange (MOEX) to connect investor community and companies in both countries besides allowing a capital formation platform. BSE and India INX are the first Indian exchanges to enter into the MoU with Moscow exchange. The exchange companies have agreed to the secondment of senior personnel to enhance understanding of activities in each other's market.

Tata Projects has received an order from the Nuclear Power Corporation of India (NPCIL) for the construction of 2 x 700 MW power plant. The estimated cost is about $321 million. This is the firm's third contract in the nuclear power sector. This project will provide the much needed power supply to the region and ensure developmental initiatives receive an impetus. The scope of work involves the construction of main plant buildings, structures and other works of Gorakhpur Haryana Anu Vidyut Pariyojana - 1&2.

Reliance Nippon Life Asset Management (RNAM) has joined hands with Google to enable the customers of Reliance Mutual Fund to carry out voice-based financial transactions. With this, RNAM becomes the first company in India, to provide a conversational interface that would help customers regarding funds transactions.