Investors may be rejoicing Indian Railway Catering and Tourism Corporation's blockbuster listing, but the railways is not happy with the pricing of the public sector e-commerce company's valuation. The national transporter has lodged a protest about the price at which shares were offered to investors and has sought better due diligence for future transactions, given the long pipeline of public offers of state-run companies.

The Mumbai Police will investigate how various irregularities in PMC Bank transactions and functioning were omitted from the Reserve Bank of India's forensic audit report, Mumbai Police Commissioner Sanjay Barve said. Among the irregularities that went undetected was that loans by Housing Development and Infrastructure (HDIL) were shown in accounts of different names.

Facebook-owned Instagram announced a new feature which will allow users to have control over the personal information they share with third-parties through the app and it will be rolling out gradually over the next six months. A user can navigate to Settings > Security > Apps and Websites to see which third-party services have access to their data.