Bs Reporter

Sebi cancels Basan Financial Services licence over regulatory violations

Sebi cracks down on Basan Financial, Om Power's ₹150 crore IPO opens, and InCred closes a ₹1,500 crore special opportunities fund amid active capital markets

Trai proposes short-validity voice-SMS-only tariff packs with lower prices

Draft amendment seeks equal validity for voice-SMS and bundled STVs, with proportionately lower pricing to ensure fair, non-discriminatory choices for consumers who do not use data

Govt to prepare state-specific agri roadmaps based on soil, water, climate

Shivraj Singh Chouhan says will use satellite-based remote sensing to provide relief from recent rains

Visa's Sandeep Ghosh to step down as India, South Asia country manager

Ghosh took over the role of country manager from T R (Ram) Ramachandran in March 2022

Irdai sets up sub-panel to review private health insurance landscape

Panel will assess coverage, claims, product design, and consumer experience, and suggest regulatory and operational steps to boost penetration, trust, and innovation

Coforge appoints Sunil Fernandes as COO to lead delivery, AI push

Fernandes to oversee global delivery and key operations, with a mandate to scale execution and accelerate adoption of AI-native practices across engineering and internal systems

India e-com market to nearly treble to $250 billion by 2030: Report

Gen Z shoppers, AI-led personalisation and rising digital adoption to drive India's e-commerce growth to $250 billion by 2030, says Google-Deloitte report

Tata Steel India clocks record crude steel production of 23.48 mt in FY26

Output rises 8 per cent year-on-year on Kalinganagar ramp-up, with domestic deliveries crossing 20 mt for the first time and strong growth across segments

Equirus ropes in Aletheia's Jim Walker; Bajaj Alts gets Sebi nod for PMS

Bajaj Finserv's alternative investment management arm Bajaj Alts has received approval from the Securities and Exchange Board of India (Sebi) for starting portfolio management services

Vinay Tonse takes charge as YES Bank CEO, outlines growth roadmap

New CEO Vinay Tonse outlines a four-pillar strategy centred on people, products, processes and technology to drive growth and strengthen YES Bank's operations

Aurobindo Pharma sets April 12 as record date for ₹800 crore buyback

Company to repurchase up to 54.24 lakh shares at Rs 1,475 apiece through tender offer route, with promoters also eligible to participate in the buyback

HDFC Bank, BoB report strong credit growth; deposits lag pace

HDFC Bank and Bank of Baroda report robust loan growth in March 2026, with advances outpacing deposits even as time deposits continue to drive overall deposit expansion

Cabot Sanmar to boost silica output with Rs 220 cr Mettur plant expansion

JV between Cabot Corporation and Sanmar Group to expand Mettur facility, boosting domestic supply of fumed silica for pharmaceuticals, coatings and specialty chemicals sectors

Fidelity marks down Gupshup's stake, implies sharp valuation drop

Fidelity cuts Gupshup's implied valuation to $280-300 million from $1.4 billion, reflecting steep markdown amid slowdown and business challenges

Northern Coalfields' production rises 1.08% to 140.5 million tonnes in FY26

Coal India arm reports 1.08% rise in output to 140.5 MT in FY26, meeting targets and supplying bulk of dispatch to thermal power plants

Large state run banks see healthy loan growth in FY26, beat deposits

State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders

Govt plan to levy data tax may earn nearly ₹30K cr in revenue: IIFL Capital

₹1/GB data tax could fetch ₹30,000 crore but raise mobile bills by up to 20%, says IIFL; proposal may face pushback over regressive impact

LIC, New India Assurance, GIC Re retain systemically important status

Irdai retains LIC, New India Assurance and GIC Re as systemically important insurers for FY26, mandating enhanced supervision, governance norms and risk management oversight

Irdai seeks compliance check, action plan on dark patterns from insurers

Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance

Franklin Templeton MF launches Sapphire Equity Long-Short SIF strategy

Franklin Templeton MF launches its first specialised investment fund, Sapphire Equity Long-Short SIF, using a quantitative strategy with selective shorting to manage downside risks