Page 3 - Bs Reporter

CII elects Tata Chemicals chief R Mukundan as president for 2026-27

Tata Chemicals MD and CEO R Mukundan succeeds Rajiv Memani as CII president, while Suchitra Ella and Shashwat Goenka join as office bearers

PE investors to sell 4.3% stake in Groww parent through block deal

Peak XV Partners, Sequoia Capital and Ribbit Capital plan to pare holdings in Groww's parent through a block deal worth up to Rs 4,750 crore

Sebi mulls allowing depositories to use IPF income for specific expenses

Market regulator says excess expenses beyond the proposed limit must continue to be borne by depositories and unused amounts returned to the IPF corpus

BofA Securities India settles alleged insider trading matter with Sebi

BofA Securities India has settled alleged violations related to insider trading and merchant banking regulations with Sebi after paying ₹58.5 lakh

Sebi proposes green-channel route to speed up AIF scheme launches

Sebi has proposed easing filing norms and reducing timelines for alternative investment fund scheme launches under a green-channel mechanism

RBI and ECB renew cooperation framework with updated MoU in Basel

The updated MoU between the RBI and ECB will facilitate regular information exchange, policy dialogue and technical cooperation in areas of mutual interest

Urban Company's loss widens to ₹161 crore despite strong revenue growth

The home-services platform reported a 43% rise in quarterly revenue as transaction volumes hit a multi-year high

Rajnath Singh asks armed forces to preserve 'element of surprise'

Defence Minister Rajnath Singh urged the armed forces to strengthen AI, cyber, and autonomous capabilities while maintaining strategic unpredictability

Indiabulls Real Estate entities settle matter with Sebi for ₹10.5 crore

Sebi settled proceedings against four entities linked to Indiabulls Real Estate after they collectively paid Rs 10.5 crore in a fund diversion case

SBI plans up to $2 billion overseas bond raise; board meet on May 12

SBI's board will meet on May 12 to consider raising up to $2 billion through public offers or private placements of foreign currency bonds in FY27

Mahindra Lifespaces launches Rs 1,650-crore premium Mumbai project

Mahindra Lifespace Developers has launched Mahindra BeaconHill, an ultra-premium residential tower in Mumbai's Mahalaxmi with a GDV of Rs 1,650 crore

Markets rally on hopes of easing US-Iran tensions and lower crude prices

Indian equities rose sharply alongside global markets as hopes of easing US-Iran tensions and softer crude oil prices boosted investor sentiment

MFIN flags rise in false loan waiver campaigns, backs RBI advisory

MFIN has backed the RBI's advisory against misleading loan waiver campaigns amid rising misinformation and borrower mobilisation efforts in parts of North India

GCC NRIs raise India equity bets; Motilal Oswal AMC gets NPS fund nod

GCC-based NRIs are increasing exposure to Indian equities while real estate sees outflows, as Motilal Oswal Asset Management Company enters the NPS pension fund space

Kumar Mangalam Birla appointed as Non-Executive Chairman of Vodafone Idea

Board appoints KM Birla as Non-Executive Chairman as Vodafone Idea benefits from AGR relief and prepares for fundraising and network expansion

Poonawalla Fincorp's Q4FY26 results: Net profit jumps 4x to ₹255 crore

Poonawalla Fincorp reports over fourfold rise in Q4FY26 net profit, supported by strong NII growth and nearly 70% increase in assets under management

Wadia Group's Bombay Realty launches luxury project in Mumbai's Dadar

Wadia Group's Bombay Realty unveils THREE ICC in Dadar, offering premium residences with strong connectivity as demand for luxury housing grows in Mumbai

RBI cautions against unauthorised campaigns promising loan waivers

RBI warns borrowers against fraudulent loan waiver claims, urging them to approach authorised lenders directly and avoid misleading campaigns that may cause financial loss

Aditya Birla Capital Q4 FY26 results: Net profit jumps 30% to ₹1,124 crore

Total income for the quarter increased to Rs 13,475.74 crore from Rs 12,238.92 crore a year earlier, the company said

Vodafone Idea taps into multi-million-dollar micro-drama market

Vi Movies & TV to offer short content free for subscribers in tie-up with OTT player Bullet