Page 54 - Bs Reporter

Indian Bank Q1FY26 results: Consolidated profit down 11.4% at ₹ 2,276.37 cr

The bank's total income for the period under review grew by 10 per cent to Rs 18,905.60 crore, up from Rs 17,117.76 crore in Q1 FY25

EVeez raises $5.4 mn to expand electric mobility services for gig workers

EVeez secures $5.4 million in Series A funding to scale its electric two-wheeler subscription service, targeting gig workers across India

Buying a new car? Here are the best car loan rates and charges

Buying a new car is an exciting moment, but be careful of charges that banks may impose, and make sure to pick the best car loan available in the market

Edge data centre capacity in India likely to triple by 2027, says Icra

India's edge data centre capacity will increase threefold by 2027, growing to 200-210 MW from 60-70 MW in 2024, driven by the proliferation of emerging technologies, according to Icra

Technical glitch delays Multi-Commodity Exchange trading by an hour on Wed

A technical outage delayed trading on the Multi-Commodity Exchange by an hour, as brokers were unable to place orders until the issue was resolved at 10:15 am

Flows into NRI deposits moderate to $1.9 billion in April-May 2025

NRI deposit inflows fell to $1.9 billion in April-May 2025 from $2.8 billion a year earlier, with declines across FCNR, NRE and NRO categories, RBI data showed

Angel One, LivWell announce ₹4 billion JV for digital life insurance

Angel One and LivWell announce a joint venture to set up a digital-first life insurance firm in India with Rs 4 bn capital, aiming to improve access and affordability

Apollo, Siemens collaborate to advance liver healthcare with AI innovation

Apollo and Siemens Healthineers will collaborate on AI and imaging research for early detection, diagnosis, and monitoring of liver diseases including MASLD in India

Kotak Mahindra Bank targets affluent clients with 'Solitaire' launch

According to the bank, the eligibility hinges on salaried individuals maintaining a relationship value of ₹75 lakh with the bank, and ₹1 crore for self-employed individuals

Gupshup raises $60 million to expand Conversational AI capabilities

Gupshup raised over $60 million in equity and debt funding from Globespan and EvolutionX to scale its Conversational AI platform and grow across high-potential markets

TCS delays onboarding of over 600 experienced execs: NITES to govt

NITES urges Labour min to intervene after TCS delays onboarding 600 professionals, despite commitments via offer letters. It also calls for compensation and mental health support for affected hires

HKMA penalises IOB's Hong Kong branch for breaching AML regulations

The Hong Kong Monetary Authority imposes a penalty on Indian Overseas Bank's Hong Kong branch for violating anti-money laundering regulations from May 2021 to January 2024

NSDL's listing deadline extended; Wealth Company MF to unveil 4 schemes

Manufacturer of gold jewellery Shanti Gold International on Tuesday fixed a price band of ₹189-199 per equity share for its upcoming ₹ 360 crore initial public offering (IPO)

RBI's financial inclusion index hits 67 in March 2025, reflecting growth

The central bank on Tuesday said that growth was witnessed across all sub-indices - access, usage, and quality

IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil

The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence among borrowers and offering flexible resolution framework

Tata Communications, AWS join hands to establish long-distance data network

Tata Communications partners with AWS to create a robust national network connecting Mumbai, Hyderabad, and Chennai, supporting AI and machine learning workloads across India

Edtech firm PhysicsWallah launches AI model Aryabhata 1.0 for JEE Mains

PhysicsWallah introduces Aryabhata 1.0, a small language model aimed at supporting mathematics learning for competitive exams like JEE Mains, marking its entry into AI-driven educational tools

UK Royal Navy's F-35 fighter jet takes off after repairs in Kerala

The UK Royal Navy's F-35, grounded in Kerala for over a month, has taken off following technical repairs. Meanwhile, the Indian Army received three Apache attack helicopters

Colgate Palmolive India Q1 results: Net profit down 11.9% as sales drop

Colgate Palmolive India's Q1 net profit fell 11.9%, with revenue dropping 4.2%, driven by weak urban demand and heightened competition

Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore

SBI's recent QIP was oversubscribed 4.5 times, raising Rs 25,000 crore and boosting CET1 capital to 11.5%. LIC invested Rs 5,000 crore, increasing its stake in SBI to 9.49%