Page 55 - Bs Reporter

US trading firm Jane Street confirms it will comply with directive: Sebi

Sebi confirms that Jane Street has complied with its directions to cease unfair trading practices and deposited ₹4,843.57 crore in an escrow account to resume operations in the domestic market

Abu Dhabi Investment Authority buys 3% stake in Meril for $200 million

Abu Dhabi Investment Authority acquires a 3% stake in Meril for $200 million, valuing the Gujarat-based medical devices maker at $6.6 billion. The deal is pending approval from CCI

Zomato's parent company introduces 'rotational leadership' CEO model

Eternal introduces a 'Rotational Leadership' model for Zomato, ensuring fresh energy and structural agility, with time-bound CEO roles and a focus on reducing complacency

Mahindra Industrial Park, Sumitomo Corp sign strategic deal with Osaka govt

Mahindra Industrial Park Chennai and Sumitomo Corporation sign a strategic deal with Osaka Prefecture to enhance Japanese investments, positioning Tamil Nadu as a preferred manufacturing destination

EduFund secures $6 million in Series A round to expand beyond metro cities

EduFund has raised $6 mn in a Series A round. The funding will support its expansion into Tier-I and Tier-II cities, with new AI tools and expanded loan offerings

ICICI Bank net up 15.5% on treasury gains, NII increases by 10.6%

The business banking portfolio grew by 29.7 per cent Y-o-Y, while domestic corporate portfolio grew by 7.5 per cent

HDFC Bank Q1 results: Net profit up 12.2% Y-o-Y to Rs 18,155 crore

Bank's provisions in the quarter jumps to Rs 14,441 crore as it made floating as well as additional contingency provisions

UCB directors must probe management to boost governance: RBI's Swaminathan

RBI advises UCB directors to ask tough questions to senior management to ensure ethical, transparent, and prudent operations, aiming to prevent distress in the banks

Private sector bank chiefs take home hefty compensation cheques in FY25

Public sector banks' chiefs trail far behind, with the chairman of SBI, India's largest lender, earning a fraction of what private sector banks' chief executives make

IFC announces equity investment of $20 million in Transvolt Mobility

IFC makes its first-ever equity investment in an EV platform, investing $20 million in Transvolt Mobility to help scale its electric fleet and create 8,200 jobs over the next five years

India's retail asset-backed securities market shows potential for growth

The retail asset securitisation market is poised for moderate growth in FY26, as indicated by the volumes of ₹52,000 crore in Q1FY26 and a notable shift towards PTC issuances

Pick the best life insurance policy for your investment purposes

Here are the best life insurance policies and their premiums from Policybazar for your benefit

Plan to expand thoughtfully: HDFC Life Insurance chairman Keki Mistry

HDFC Life aims for growth and tech transformation in FY26, with a focus on macroeconomic opportunities, despite geopolitical and trade challenges, says Keki Mistry

HDFC AMC profit up by 24% in Q1FY26; Tiwari appointed PGIM India AMC CEO

The fund house's quarterly average assets under management market share stood at 11.5 per cent in the June quarter

Indian firms file ECB intent worth $2.73 bn in May under automatic route

Indian companies including NBFCs filed $2.73 billion in ECB proposals in May 2025, all under the automatic route, with no applications under the approval route

Tiruppur's garment exports increase 12% in Q1 FY26 to ₹12,193 crore

Tiruppur's ready-made garment exports rose nearly 12 per cent in Q1 FY26 to Rs 12,193 crore, outpacing overall textile sector performance amid global headwinds

Uber, Ola drivers strike in Mumbai, commuters face tough second day

Drivers demand fixed fares and lower commissions as strike affects bookings on Uber and Ola, while Rapido and kali-peeli cabs continue partial operations in the city

'India's Deng Xiaoping': Andhra Pradesh CM Naidu on Rao's reforms

The Andhra CM is on a two-day visit to the national capital, where he is scheduled to meet PM Narendra Modi, Finance Minister Nirmala Sitharaman, and others

Govt to table 8 new Bills in monsoon session of Parliament starting July 21

The government has listed eight new bills for the upcoming monsoon session of Parliament, including amendments to taxation, mineral laws, and the Jan Vishwas Bill

Telcos complete rollout of SMS headers to identify messages, reduce spam

Domestic telecom operators implement SMS header system to categorise messages and enhance transparency, reducing spam and increasing consumer trust, says COAI