Page 301 - Bs Reporter

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Sebi delays implementation of new norms for proxy advisors due to Covid-19

The new framework, which was to come into effect from September 1, will now be applicable from January 1, 2021

Regulator extends price cap on knee implants by one month till Sept 15

The NPPA had allowed firms to take a 10 per cent hike for their knee implant products last year

Unlock BFSI 2.0: Indians learnt importance of health insurance after Covid

But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days

Unlock BFSI 2.0: From push, insurance has become a 'nudge product'

While demand for insurance, especially protection products, has gone go up, affordability is an issue

ICICI Bank will offload 2% in ICICI Securities to attain 25% public holding

Some 6.44 million shares will be sold in the open market, the lender says

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

Tata group, UK govt talks fail on rescue package for JLR, steel plant

Tatas are struggling with both steel and car plants in the UK which are making huge losses

Govt removes tweet on bringing hotel bills of over Rs 20K under I-T scanner

The tweet was put up by mygovindia, a platform founded by the government to promote the active participation of citizens in their country's governance and development, on Thursday

Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore

Sterlite Power is the sponsor of IndiGrid, India's first power sector InvIT, which saw its initial offer in 2017

NTPC consolidated pre-tax profit dips 6% to Rs 3,443 crore in June quarter

The firm's total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period

Sebi penalises LIC, BoB and SBI for failing to pare stake in UTI MF

IPO in the first week of September to ensure compliance

Tata Power consolidated profit before tax falls 31% in June quarter

During April-June, the firm reported a total income of Rs 6,540 crore as compared to Rs 7,874 crore in the year-ago quarter

Deutsche Bank infuses Rs 2,700 cr into India operations for expansion

This is the second time in less than two years that the bank has infused money into local operations consisting of 17 branches, after the Rs 3,800 crore investment in early 2019

Tata Power announces merger of three wholly-owned subsidiaries with itself

The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation

Graphite India reports pre-tax loss of Rs 80 cr in Q1 on lower volumes

Graphite India registered consolidated net sales of Rs 409 crore, EBITDA loss of Rs 63 crore

A people's poet signs out: Rahat Indori dies during Covid-19 treatment

Indori was admitted to the hospital in the morning after testing positive for Covid-19, but later succumbed to a cardiac arrest

Former PM Manmohan Singh lists three-step solution for economic crisis

First of the three immediate steps is to "ensure people's livelihoods are protected and they have spending power through a significant direct cash assistance"

Market regulator cracks whip on front runners at Reliance Securities

Front running is a term used to describe a broker, or any other entity, carrying out trades based on foreknowledge of a big transaction to be placed

Muktangan children shine, braving the Covid-19 pandemic

Time for top corporates to increase philanthropy budget