Page 34 - Bs Reporter

Meesho IPO subscribed 2.4 times on day one; retail book nearly four times

Meesho's IPO was subscribed 2.4 times on the first day, driven by strong retail demand, after it raised Rs 2,440 crore from anchors and set a price band of Rs 105-111 per share

Markets fall for fourth day as rupee breaches 90 mark, FPI worries rise

Domestic equities fell for a fourth straight session as the rupee slipped past 90 per US dollar, raising fears of FPI outflows, while a delayed US trade deal also weighed on sentiment

Bank of Maharashtra OFS subscribed 3x; Bajaj Finance sells 2% stake in BHFL

Promoter Bajaj Finance on Tuesday divested 2 per cent stake in Bajaj Housing Finance (BHFL)

SAT reverses Sebi decision, okays Ketan Parekh's cross-examination

In January, Sebi had issued an ex parte interim order-cum-show cause notice against 22 entities, including Salgaocar (the appellant) and Parekh

Apple names Amar Subramanya VP of AI as John Giannandrea steps down

Apple has named former Microsoft and Google executive Amar Subramanya as vice president of AI, reporting to Craig Federighi, as John Giannandrea steps down and moves into an adviser role

RBI retains SBI, HDFC Bank and ICICI Bank as systemically important banks

RBI on Tuesday said SBI, HDFC Bank and ICICI Bank will remain domestic systemically important banks, requiring them to hold extra capital buffers based on their systemic importance

Equitas Small Finance Bank looking to offload ₹352 bad loans to ARCs

The bank plans to sell ₹308 crore of stressed loans comprising 9,194 accounts on a cash or cash-and-security-receipts basis

NSFI 2025-30: Strengthening last-mile access, improving financial services

RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit

Finfactor raises $15 million in Series A, led by WestBridge Capital

Funds will boost analytics, product development, and support Finvu Account Aggregator's growth in lending and wealth management

Sebi drops adjudication proceedings against Nuvama Wealth and Investment

Regulator finds lapses not serious enough for penalty

Controversy over SIR in TN baseless, driven by political motives: ECI to SC

Election Commission tells Supreme Court allegations are exaggerated, cites high verification and political participation

Raymond Realty launches ultra-luxury BKC project, targets ₹2K cr revenue

The development features six towers with 23 habitable floors and four basements, and incorporates IGBC-aligned sustainability features

HUL names Vandana Suri executive director for home care from 1 January

Hindustan Unilever has named Vandana Suri to its management committee as executive director for home care, succeeding Srinandan Sundaram, who will become CEO of Unilever International from 1 January

Mumbai property registrations mark best November since 2013: Knight Frank

In the first eleven months of 2025, Mumbai recorded over 1.35 lakh registrations, contributing more than Rs 12,224 crore to the state

Supreme Court agrees to hear case involving fake AI-generated case laws

Omkara ARC alleges the appellant relied on non-existent rulings; Court says it will act if citations are fabricated

RBI imposes ₹91 lakh penalty on HDFC Bank for violation of norms

The bank had also outsourced the function of determining compliance with KYC norms of certain customers to its outsourcing agents

Equity, bond issuance form a major source of fundraising for corporates

Non-bank sources now contribute nearly half of commercial-sector funding, led by record corporate bond issuances, steady equity fundraising and rising credit flows from NBFCs

CAFE weight relief for small cars will favour 1 firm: Swadeshi Jagran Manch

Mahajan warns that a sub-909 kg carve-out could distort competition, curb R&D and slow India's clean-mobility goals

Telcos seek DPDP-telecom rules syncing; COAI to submit proposals to Meity

The ministry notified the rules on November 14, bringing into effect the law

Airtel MD urges customers to use Payments Bank accounts to limit fraud risk

Airtel MD Gopal Vittal has advised customers to open a second Airtel Payments Bank account to reduce exposure to financial fraud