Bs Reporter

PhonePe Daily SIP base crosses 500,000; CAMS profit jumps 17.6% to ₹127 cr

PhonePe said 77% of Daily SIP users are from B30 cities, while CAMS reported record mutual fund AUM and double-digit growth in profit and revenue

General Insurance Council defends fever admission advisory framework

Insurance body says the advisory follows ICMR and health ministry guidelines, aims to curb unnecessary hospital admissions and does not restrict doctors' clinical autonomy

Saurabh Jain joins Bandhan AMC as Chief Business Officer from StanChart

Former Standard Chartered Bank India executive brings leadership experience across wealth management, private banking, investment strategy, sales, distribution and branch banking

ICICI Lombard invests up to 1.5% of premium in tech: MD&CEO Sanjeev Mantri

General insurer says it spends up to 1.5% of annual premium income on technology and AI, while launching 25 new products and digital solutions to mark its silver jubilee

RBI appoints Monisha Chakraborty as executive director from August 3

Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department

India's average data breach cost hits record ₹25.5 cr in 2026: IBM report

IBM says AI-generated attacks accounted for 26% of malicious breaches in India, while organisations using AI and security automation reported lower breach costs

Andhra partners IIT Tirupati, UNSW for solar manufacturing centre

The Centre of Excellence at IIT Tirupati will focus on solar manufacturing, research, workforce development and technology commercialisation under an Andhra Pradesh-Australia partnership.

Bank of Maharashtra cuts home loan rate to 7%, waives processing fee

State-owned lender launches a limited-period 'Monsoon Dhamaka' campaign, lowering home and car loan rates while waiving processing fees and documentation charges

Time to revisit largecaps, avoid concentration of small, midcaps: Axis MF

The fund house advises investors to rebalance portfolios towards large-cap stocks, citing improving earnings visibility, supportive macro conditions and attractive valuations

Banks raise fresh deposit rates in June; lending rates edge up: RBI

Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

UP gains credit-active consumer share as Maharashtra, Tamil Nadu decline

TransUnion Cibil data shows Uttar Pradesh posted the sharpest rise in credit-active consumer share between March 2017 and March 2026, while Maharashtra and Tamil Nadu lost ground

GST implementation boosted states' tax revenue, buoyancy: Ind-Ra

India Ratings says simplified taxation, stronger compliance and a wider taxpayer base have lifted states' tax collections and buoyancy since GST rollout

What are the best term insurance rates for young professionals?

Here are some of the best term insurance rates from various insurers for young male professionals living in a large city

Veritas Finance files DRHP with Sebi for IPO; plans ₹900 crore issue

Chennai-based NBFC plans a Rs 900 crore fresh issue and an offer for sale of up to 1.28 crore shares to support future lending growth

Kotak IB names Ramesh Srinivasan vice-chairman, appoints co-CEOs

V. Jayasankar and Sourav Mallik appointed managing directors and co-CEOs, while Srinivasan takes on a strategic advisory role from August 1

Rice diversion for ethanol not fuelling food inflation, says govt

The Centre said surplus rice diverted for ethanol is allocated only after meeting food security needs and buffer stock norms, while maize output remains adequate for all uses

Bajaj Housing Finance Q1 PAT rises 23%; disbursements surge, AUM grows 24%

Housing finance company reports record quarterly disbursements of ₹19,509 crore, while asset quality remains stable with gross NPAs at 0.29%

KPIT Q1 profit drops 32%, revenue rises 9% despite auto headwinds

Auto-focused ER&D firm says performance was slightly ahead of guidance, with AI-led products gaining traction despite continued pressure in the automotive sector

Only 9% of corporates say fresh graduates are Day-1 ready: Report

HirePro study finds a wide gap between corporate and student perceptions on job readiness, with most firms saying graduates need structured training before contributing