India's only listed micro-lender SKS Microfinance today said that it has securitized Rs 243 crore of receivables from borrowers outside of Andhra Pradesh. The transaction is rated A1+(SO) by rating company Care indicating a strong capacity for timely payment of short-term debt obligations.

RBI said it has come across instances of acceptance of deposits by Manappuram even after the firm converted itself into a non-deposit taking non-banking financial company, cautioning it was not permitted to do so. In March 2011, it became a non-deposit taking non-banking financial company.

Since its launch on February 4, 2004 at Harvard University in Mark Zuckerberg's dormitory room, the social networking giant that has changed our lives over the years has witnessed massive growth and is most likely to have one billion users by August this year.

Country's biggest software services firm Tata Consultancy Services (TCS) said it has signed a multi-year, multi-million euro contract with European car rental company Europcar for deployment of IT services in France. The financial details of the deal were not disclosed.