Page 3 - Bs Reporter%c2%a0

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

PM inaugurates ₹3,600 cr Powergrid projects to boost Rajasthan solar flow

Powergrid's new transmission systems will evacuate renewable power from Rajasthan's major solar zones, including Bhadla, strengthening national green energy infrastructure

Sebi slaps ₹10 lakh penalty on Coffee Day for financial misstatements

Sebi has fined Coffee Day Enterprises and nine individuals for alleged financial misstatements, stating the company understated losses by not accounting for over ₹489 crore in interest expenses

Intel & Digital India Bhashini Division bring multilingual capabilities

Intel India and the Digital India Bhashini Division have integrated Bhashini's Vidyalekha into Intel-based AI PCs, enabling real-time translation and transcription across Indian languages

Clean Max, Shree Ram Twistex crash on debut amid global equities selloff

Clean Max and Shree Ram Twistex fell up to 36 per cent on debut amid a global equities selloff, underscoring a turbulent year for India's primary markets and weak investor sentiment

Congress and its AAP problem resurfaces after Kejriwal verdict timing row

Since its electoral debut in 2013, AAP has mostly contested in states that have seen BJP-Congress fights

MFI sector continues signs of stabilisation in Q3 FY26: Arohan Financial

Arohan posts 87% jump in Q3 profit as asset quality improves

CBSE delays Class 10 and 12 exams in seven nations amid West Asia crisis

CBSE has postponed Monday's Class 10 and 12 exams in seven Middle Eastern countries due to escalating regional tensions, with the Board set to review the situation on March 3

Fino Payments Bank backs its MD after GST arrest; FM says she will check

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

IIFL Home Finance signs $300 mn ADB loan to boost affordable housing

IIFL Home Finance has signed a $300 mn loan pact with ADB to expand affordable housing finance for low-income borrowers, with over a quarter of funds earmarked for green-certified homes

New loans sourced in Q3FY26 rose 36% Y-o-Y to ₹20 trillion

Experian report shows strong rebound in secured lending, while unsecured loans recover from last year's decline; average ticket sizes rise across segments

Sebi orders regulated entities to disclose identity on social media posts

Sebi has directed all regulated entities to display their registered name and registration number on social media content related to the securities market to help investors identify authorised sources

Sebi shifts gold, silver valuation norms for MFs to domestic spot prices

Sebi has overhauled valuation norms for mutual funds, requiring gold and silver holdings to be priced using domestic spot rates from recognised exchanges instead of LBMA-linked benchmarks

RBI allows NUCFDC to privately place shares with over 200 subscribers

RBI has permitted NUCFDC to offer equity shares on a private placement basis to more than 200 persons annually, subject to policy, reporting and usage conditions

ASGN names Sangita Singh president for India, international operations

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

Manappuram CEO takes medical leave as Bain Capital gains nomination rights

Manappuram Finance CEO Deepak Reddy has gone on medical leave for up to 120 days, even as Bain Capital prepares to assume promoter status and secure rights to nominate key executives

Find the best interest rates on fixed deposits for senior citizens

Senior citizens get a slightly higher rate of interest on fixed deposits across public and private banks, as well as NBFCs

Business Standard Manthan 2026: Global flux drives new growth conversation

Through the day, the Manthan fireside chats and panel discussions sparked a unique debate on making India future-ready through the prism of energy transition, food security, technology, self-reliance

India tweaking BIT model to suit bilateral needs: FM Nirmala Sitharaman

"AgriStack is a fantastic experiment. I would think the next UPI-like big revolution shall emerge from AgriStack. Now we'll be able to have a clear picture of how much fertiliser is required"

Yes Bank's 5K forex card customers hit with $280K fraudulent transactions

Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss