Page 2 - Bs Reporter

Govt appoints Hitesh Joshi as chairman and managing director of GIC Re

Joshi, who has been serving as acting CMD since October 2025, takes charge of the state-owned reinsurer following the retirement of N Ramaswamy

Tesla expands India network with fifth experience centre in Hyderabad

The Hyderabad centre will display the 2026 Model Y and Model Y L, while Tesla has also started delivery and after-sales operations from Bollaram

Sebi warns investors against trading unlisted stocks on unauthorised sites

The market regulator said investors using unregistered platforms for transactions in unlisted securities would not have access to regulatory safeguards or dispute-resolution mechanisms

Sebi imposes ₹6.04 crore penalty on NSE over April 2024 technical glitch

The penalty relates to NSE's alleged failure to restore normalcy within stipulated timelines in a stock and delay in submitting the final root cause analysis to Sebi

Wipro sets up facility for Claude models to accelerate enterprise AI

The new centre will focus on accelerating enterprise AI adoption, building specialised talent and developing AI-native platforms and industry solutions across sectors

RBI eases capital norms on ECLGS 5.0 loans with lower risk weight

The central bank has allowed a zero-risk weight on a large portion of ECLGS 5.0-guaranteed loans, reducing capital requirements for lenders under the scheme

Tax reforms needed to deepen corporate bond market, says CareEdge

CareEdge Ratings said adverse taxation, weak secondary-market liquidity and a narrow investor base continue to constrain the growth of India's corporate bond market

Irdai proposes changes in investment rules for insurance companies

Insurance regulator proposes amendments covering mergers, promoter definitions and shareholding norms while reducing transaction fees to improve ease of doing business

Andhra Pradesh, Google to form task force for AI and digital governance

The joint task force will explore collaboration in AI, cloud computing and digital governance as Andhra Pradesh seeks to position itself as a digital infrastructure hub

Rupee hits 5-week high versus dollar, stocks sprint as crude oil cools

Indian markets rallied as easing West Asia tensions and a sharp fall in crude oil prices boosted the rupee, bonds and equities

Sarvam AI becomes unicorn after raising $234 mn; HCLTech acquires over 10%

The sovereign AI startup raised $234 million in the first close of its Series B round, with HCLTech emerging as the lead strategic investor

Angel One pays ₹4.28 cr to settle case on stock brokers' norms' violation

Stock broker Angle One has settled a matter with Sebi by paying ₹4.28 crore over alleged lapses in monitoring authorised persons. It had sent show-cause notice to Angle One in May 2025

Foodstories raises ₹50 crore in funding round led by Nikhil Kamath

The gourmet retail startup plans to use the fresh capital to expand its digital business, delivery network and retail footprint across key markets

Govt appoints Dinesh Pant and Girija Subramanian as Irdai members

The Appointments Committee of the Cabinet has approved the appointment of LIC's Dinesh Pant and New India Assurance's Girija Subramanian as members of Irdai

India crosses 100 mn sq ft flex office space as GCC demand surges

India's flex office space market crossed 100 million sq ft in FY26, supported by strong enterprise demand, rising profitability, sustained occupancy levels and growing GCC activity

Reliance Power, Reliance Infra appeal Sebi order blocking fundraising plans

Reliance Power and Reliance Infrastructure have challenged Sebi's refusal to grant relief from restrictions linked to Anil Ambani, citing the impact on capital-raising plans

Samco launches global investing; Prime Litmus fund, ADIA stake sale

Samco Securities enters global investing with a GIFT City licence, offering Indian investors access to US stocks and ETFs through its trading platform

What are the best interest rates senior citizens can get on fixed deposits?

Senior citizens get a higher rate of interest on fixed deposits across public, private, and foreign banks, as well as small finance banks

Nuvama gets nod for MF biz, eyes SIF foray; CMR Green shares up 29%

Nuvama gets Sebi approval to enter the mutual fund business, while CMR Green Technologies surges 29% on debut after a heavily subscribed IPO

India's outward FDI commitments halve from April high, rise 35% on year

Guarantees, equity investments and loans declined from April levels, though total overseas commitments remained significantly higher than a year earlier