Page 40 - Bs Reporter

IDFC First Bank Q2 profit rises 76% on lower provisions; NIM narrows

Loan growth strong, microfinance stress eases, says CEO Vaidyanathan

India-focused funds: Redemptions since July at $3 bn; $328 mn this week

India-focused funds saw $382 million in outflows this week, even as global investors shifted towards China and gold, Elara Capital reported

Egypt urges Indian companies to be part of Suez Canal Economic Zone

Foreign Minister Badr Abdelatty says Egypt is keen to attract Indian investment in sectors like energy, AI, and pharmaceuticals through the Suez Canal Economic Zone

JSW Energy Q2 results: PAT drops 17% to ₹705 crore, revenue up 55%

The company added 443 megawatts of organic renewable energy capacity during the quarter, taking total installed capacity to 13,211 megawatts

Network Planning Group under PM GatiShakti evaluates infra projects

The Network Planning Group evaluated multiple transport projects across India to boost multimodal connectivity, logistics efficiency, and regional economic growth

Allianz appoints Ritu Arora as country head for India effective immediately

In her role as Asia CIO, she managed investment functions across 12 countries with assets under management totalling about $50 billion, significantly boosting investments in Indian public markets

Indian Bank profit rises 11% to Rs 3,108 cr in Q2, asset quality improves

State-run lender reports higher income and strong deposit growth

Simple Energy announces strategic partnerships with Amazon, Flipkart

Simple Energy ties up with Amazon and Flipkart to sell its Simple One Gen 1.5 and OneS electric scooters online, with festive discounts and doorstep delivery this Diwali

RBL Bank to explore equity fund raise during October 18 board meet

Board may approve equity shares, linked instruments via preferential issue or private placement

Gautam Adani unveils 'Two-Track Organisation' for AI-driven transformation

Speaking at the "Second Shantilal Adani Lecture Series" on Tuesday, Adani emphasised that "ambition without financial discipline is just theory"

Sebi bars Nirman Agri Genetics, promoter for alleged misuse of IPO funds

Sebi has called for a detailed investigation and given the company and promoter 21 days to file their objections or request a hearing

GST reform drives record surge in Policybazaar's insurance traffic

Policybazaar sees highest-ever health and term insurance traffic after GST exemption on premiums, with demand rising up to 2.5x since the policy rollout

NBFC-MFIs' bad loans seen falling to 3.6% by March 2026: CareEdge

The decline in bad loans will be driven by write-offs and tighter lending norms, though credit costs are expected to remain elevated in FY26, says CareEdge Ratings

MCX raises margins on gold and silver amid global price volatility

In a statement, MCX and MCXCCL said they are closely monitoring derivatives contracts and will take necessary measures to ensure fair and transparent trade in line with regulatory norms

RBL Bank says reports of Emirates NBD Bank stake buy 'incorrect'

Reports suggested that Emirates NBD is in advanced negotiations with RBL Bank to finalise a ₹15,000-crore investment, emerge as the single-largest, controlling shareholder in the Indian private lender

RBI move to ease risk weights may free up Tata Capital's equity: Fitch

Fitch Ratings says RBI's proposal to ease risk weights on infra loans could free up capital for Tata Capital, while relaxed ECB norms may aid NBFC foreign funding

Tata Capital ends flat on market debut after ₹15,512 crore mega IPO

Tata Capital closes near issue price at Rs 331.1 after debut on NSE; analysts call valuation fair as investors weigh growth prospects and sector competition

RBI revises norms for rupee lending in Bhutan, Nepal, and Sri Lanka

The RBI said it has also extended the time for repatriating money in foreign currency accounts maintained in the International Financial Services Centre (IFSC) in India from one month to three months.

Citi appoints Srini Kannan as head of digital, tech for its commercial biz

Prior to that, he helped build JPMorgan's mid-corporate business in South India, making it the largest market within the country

Khurelsukh Ukhnaa to Anita Anand: World leaders visiting India this week

Anita Anand landed in New Delhi on Sunday for a two-day visit, during which she will meet External Affairs Minister S Jaishankar and Commerce and Industry Minister Piyush Goyal on Monday