Page 4 - Bs Reporter

PM Modi stresses safe navigation in Hormuz in talks with Kuwait, UAE

Modi discusses West Asia situation with Kuwait Crown Prince and UAE President, emphasising maritime security and diplomatic engagement for regional stability

MCA aligns accounting standards with OECD's Pillar Two Model Rules

Companies must disclose exposure to Pillar Two income taxes under revised AS 22, while small and medium-sized firms are exempt from the new requirements

RBI grants approvals for Bain Capital's joint control in Manappuram Finance

Lender secures approvals for ₹4,385 crore investment, with Bain Capital set to acquire stake and become joint promoter alongside existing shareholders

Powerica, Sai Parenteral IPOs to open next week; GSP Crop subscribed 1.61x

Powerica and Sai Parenteral IPOs will open on March 24 amid mixed investor sentiment, while GSP Crop Science's ₹400-crore issue saw 1.61 times subscription

State Bank of India raises over ₹6,000 crore through Tier 2 bonds at 7.05%

SBI raises Rs 6,051 crore via Tier 2 bonds at 7.05% coupon, with the issue seeing nearly two times subscription and participation from a wide range of institutional investors

Tata Steel to merge NINL; approves up to $2 bn infusion in Singapore arm

The merger would also consolidate long products assets under a single entity, unlocking opportunities to create shareholder value, the company said

Standard Chartered settles Sebi case for ₹57.2 lakh over FPI norms

Standard Chartered Bank settles a Sebi case for Rs 57.2 lakh over alleged lapses in reporting beneficial ownership changes and compliance with FPI regulations

Ather Energy doubles service network to 500 centres across India

Ather Energy expands its service network to 500 centres across India, nearly doubling capacity to support growing EV adoption and strengthen after-sales service infrastructure

EAM Jaishankar meets EU leadership, discusses West Asia, India-EU FTA

EAM S Jaishankar met EU leaders in Brussels to discuss West Asia, energy security and push early signing of the India-EU free trade agreement and deeper strategic ties

Sebi proposes easing nomination norms for demat accounts, MF folios

Markets regulator Sebi proposes making nomination default for demat and mutual fund accounts, simplifying compliance norms and streamlining nominee requirements for investors

Mumbai to host Global Esports Games World Finals from March 19-22

Over 70 athletes from 23 countries and territories will compete in DOTA 2 and Clash Royale as India hosts the international national-team esports championship for the first time

Shantanu Narayen bows out ahead of his 100th earnings call at Adobe

Narayen joined Adobe in 1998 as senior vice president and rose through the ranks. He was appointed CEO in 2007, as the then CEO, Bruce Chizen, stepped down

No disruptions due to industrial gas supply issues, says Britannia

Food major says it has adequate finished goods inventory and fuel-switching options across facilities to ensure continuity of operations amid concerns over industrial gas supply

Sebi tightens rules on intraday MF borrowings; Innovision IPO sees 30% bids

Sebi has tightened rules on intraday borrowing by mutual funds from April 2026, while the Innovision IPO struggles for demand and Raajmarg InvIT sees strong investor interest

Trai proposes lower threshold for action on spam flagged by telcos' AI

Regulator proposes lowering complaint threshold for action on AI-flagged spam and seeks compliance with spam regulations from call management apps and phone diallers

Accenture announces new leadership for Reinvention Services division

Accenture has announced a new leadership team for its Reinvention Services division led by Manish Sharma as the company reorganises services to deliver AI-driven solutions

Asia-Africa Agri Alliance launched to boost trade, investment, tech ties

Asia and Africa together account for over 40 per cent of global agricultural production and bilateral agri-trade already exceeds $90 billion annually

RBI imposes ₹2.7 lakh penalty on Manappuram Finance for KMP pay breach

The Reserve Bank of India has imposed a Rs 2.7 lakh penalty on Manappuram Finance for violating guidelines on compensation of key managerial personnel following a statutory inspection

New labour codes drive faster growth in group life insurance premiums

Group life insurance premiums grew faster than individual policies in FY26 as revised labour codes, including higher basic pay norms & expanded gratuity provisions, boosted corporate-linked insurance