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Business Standard journalist Namit Gupta passes away at the age of 58

The Business Standard family will miss him deeply

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

S&P Global Ratings revises outlook to negative for Vedanta Resources

In a statement, it said Vedanta Resources' weakened access to cash flow from its operating subsidiaries at a time of challenging external financing conditions has raised its refinancing risk

Shriram Life insurance posts Rs 35 crore net profit in first quarter

Despite a slight drop in profits, the company sees an 82% surge in total premium earned compared to the previous year

8% of GCCs expect their workforce to double within 2023: NLB Services

Despite the headwinds, GCCs will continue to leverage India's vast pool of skilled professionals to bolster their workforce and fuel their growth trajectory

Most people think govt was responsible for leak of personal data: Report

According to the report, Aadhaar and PAN card numbers, mobile numbers and email addresses were the most commonly leaked personal data

700 districts already covered by 5G internet, a fastest rollout: MoS IT

Chandrasekhar contrasted the nine years of the Modi government with the preceding decade under the United Progressive Alliance (UPA)-led government

KFC system sales growth jumps 22% in June for India, partner countries

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Brookfield, RIL sign MoU to explore renewable opportunities in Australia

Under the MoU, Brookfield will collaborate with RIL to assess potential capital investment and skill development opportunities in Australia's renewable energy sector

KKR to acquire majority stake in pallet pooling platform Leap India

Leap India provides various supply-chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance

Indian Overseas Bank records 28% rise in Q1 net profit to Rs 504 crore

The Chennai-based bank's total business increased to Rs 4.56 trillion as on June 2023, up from Rs 4.24 trillion in June 2022

Tax filing for AY24 touches all-time high, surpasses 67.7 million

On 31 July, the final day for filing, the number of ITRs peaked with over 6.433 million ITRs submitted in a single day, the I-T department reported

Murugappa Group's Chola sees 28% rise in first quarter net profit

Chola's Home Loan business disbursed Rs 1,454 crore in Q1 FY24, a substantial 138 per cent growth from Rs 611 crore in Q1 FY23

TVS ILP plans $400-mn investment to double portfolio to 20 mn sq ft

Infra and warehouse firm strengthens partnership with NIIF IFL

Credit cards in force hit new high in June; spends decline over May

HDFC Bank maintained its leadership position with 18.35 million cards, followed by SBI Card at 17.34 million, ICICI Bank at 14.8 million, and Axis Bank at 12.5 million

Rupee continues to remain stable in July, ends flat at 82.25 a dollar

For the week ended July 21, foreign exchange reserves were at $607 billion as compared to $562 billion on December 30, 2022

LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes

At the end of June, the AUM of LIC MF and IDBI MF stood at Rs. 18,400 crore and Rs. 3,650 crore, respectively

SAT declines to grant any immediate relief to Yes Bank's Rana Kapoor

Refusing to grant a stay on the notice, the tribunal pointed out that there was no urgency and asked the original matter to be heard as scheduled previously

'It's a good thing': Why BAT sees value in holding on to ITC stake

Working with Indian cigarette maker for new nicotine product would be 'massive opportunity', says BAT CEO

Institutional investors vote against Siemens's sale of motors business

Nearly 78.5 per cent of the public institutional investors voted against the deal