Page 2 - Bs Reporter

Svatantra Microfin files papers with Sebi for ₹3,000 crore public offer

The proposed IPO comprises a fresh issue and an offer for sale of Rs 1,500 crore each; fresh proceeds will be used to augment the microfinance lender's Tier-I capital

Bank deposit growth hits highest since December 2016 at 15.4%: RBI data

Aggregate deposits rose by Rs 6.61 trillion in the fortnight ended July 31, while bank credit growth accelerated to 19.3 per cent, its highest since May 2024

TCS & Rolls-Royce achieve milestone in hydrogen propulsion programme

The companies demonstrated the operation of a modern aero gas turbine across a fully simulated flight cycle using 100 per cent hydrogen, including take-off and landing

India sees sharp expansion in retail, MSME credit access since 2021

Retail bureau coverage rose 1.7 times to 78.9 crore borrowers by 2026, while active MSME borrowers more than doubled to 1.9 crore over the five-year period

Promoters pare stakes in UltraTech, Thyrocare through block deals

Pilani Investment sold a 0.85 per cent stake in UltraTech Cement for Rs 2,896.3 crore, while Thyrocare promoter Docon Technologies sold a 9.9 per cent stake.

Compare the best super top-up health cover plans before picking one

With healthcare costs rising sharply, comprehensive health insurance and super top-up plans are becoming a necessity for urban Indians seeking stronger financial protection

No evidence of data breach, impact on clients after hacker claim: HCLTech

IT services major says potentially exposed employee data may be limited and several years old; further investigation is underway and material findings will be reported

ABSL MF launches 2 SIFs; Dhoot Transmission IPO booked 63% on Day 1

Apex Equity Long Short Fund seeks to offer diversified exposure across the equity market with the flexibility to dynamically adjust net equity exposure

Tata Trusts to Charity Commissioner: Allow SRTT to take part in AGM

Tata Trusts trustees have approached Maharashtra's Charity Commissioner seeking permission for Sir Ratan Tata Trust trustees to attend key meetings ahead of the Tata Sons AGM

BSE to replace Wipro in Nifty 50 index from Sep 30 after semi-annual review

BSE's inclusion follows NSE Indices' semi-annual review and is based on its higher six-month average free-float market capitalisation compared with Wipro

IFSCA asks IFSC entities to maintain valid approvals or face action

The regulator said entities must ensure continuous validity of their Letter of Approval and regulatory permissions, warning that breaches could attract penalties

'Honey-trapped' IAF officer held on charges of sharing defence information

A wing commander of the Indian Air Force allegedly passed defence information to a woman suspected to be a Pakistan intelligence operative

India hosts 22 AI producers, but cloud services dominate value: BIS paper

India ranks seventh by aggregate AI-firm valuation, but has negligible value in AI models and only a thin presence in computing infrastructure, according to the BIS study

Tech Mahindra, I-HUB QTF tie up to develop trapped-ion quantum middleware

The partners will develop middleware for an indigenous 20-qubit trapped-ion quantum computer, with the project expected to be completed by December 2026 in India

Sebi's investor education spend remains flat at ₹2.25 crore in FY26

Investor Protection Fund balance rose to Rs 965 crore in FY26, while higher investment income boosted the corpus despite investor education spending remaining unchanged

Standard Chartered expands GIFT City presence with wealth management push

The foreign lender expects to roll out wealth management services over the next few months, expanding its retail offerings from the international financial services centre

'Our endeavour is to bring inflation in line with target over medium term'

RBI Governor Sanjay Malhotra said policy will remain guided by headline inflation and evolving growth dynamics, while reaffirming the central bank's data-dependent approach

Infosys expands partnership with Metsa for AI-ready IT transformation

The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.

BSE urges brokers to widen participation in closing auction session

The exchange has asked brokers to promote investor participation, display indicative equilibrium prices and strengthen order-routing tools to improve price discovery under the new closing auction fram

Edelweiss' EAAA adds Pune office park to commercial realty portfolio

The acquisition through Edelweiss Alternatives' Rental Yield Plus fund expands its commercial office portfolio to 5.2 million sq ft across Bengaluru, Gurugram and Pune