Page 56 - Bs Reporter

ACKO selected as preferred insurance partner for Tesla customers in India

Tesla has picked ACKO as its preferred insurance partner in India to offer embedded, digital-first car insurance with the launch of its first showroom in Mumbai

ICICI Prudential Life Q1FY26 results: Net profit rises 34% to ₹302 crore

Premium income grew nearly 8% year-on-year while expenses declined 4.72%; APE and VNB saw a dip even as solvency and persistency ratios remained strong

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger

Travel Food Services slips on mkt debut; Anthem subscribed 73% on Day 1

The ₹583-crore initial public offering (IPO) of Smartworks Coworking Spaces Ltd garnered 13.45 times(x) subscription on the closing day of bidding on Monday

Karnataka Bank appoints Raghavendra Bhat MD & CEO for three months

Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting

NSE, BSE caution investors investing through online bond platforms

NSE and BSE advise bond investors using online platforms to assess risk, returns, and issuer creditworthiness before proceeding with investments

Multiples PE to acquire 32% stake in VIP Industries from promoters

Multiples Private Equity will acquire up to 32% of VIP Industries from the promoter group, led by the Dilip Piramal family, with an open offer to retail investors

BJP set to reach century mark in Rajya Sabha with latest nominations

With four new nominations to the Rajya Sabha, including key figures like Harsh Vardhan Shringla and Ujjwal Nikam, the BJP is on the brink of reaching the century mark in the Upper House

Burman family leads ₹1.5K cr fund infusion into Religare Enterprises

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm

RBI fines HDFC Bank, Shriram Finance for violations of regulatory norms

The Reserve Bank of India imposed a penalty of ₹2.70 lakh on Shriram Finance and ₹4.88 lakh on HDFC Bank for violating regulatory norms

Zomato and Tata Digital Unveil Cashback and Rewards for NeuCard Holders

The partnership between Zomato and Tata Digital offers cashback and loyalty rewards to customers using the Tata Neu HDFC Bank credit card for food orders on the platform

Loans against gold, silver pledge up to limit not norm violation: RBI

RBI clarifies that loans sanctioned by banks against voluntary pledges of gold and silver, up to the collateral-free limit, do not violate the central bank's guidelines on collateral

F&O turnover declines 21% as market sees impact of Jane Street ban

F&O turnover on the National Stock Exchange drops 21% on the first expiry of Nifty weekly contracts since Jane Street's ban, with index options turnover seeing a significant decline

Operating landscape turning favourable: Axis Bank MD & CEO Amitabh Chaudhry

Axis Bank CEO Amitabh Chaudhry highlights improving regulatory conditions and the bank's strong capital base as factors positioning the bank for growth in fiscal 2026

FATF urges increased due diligence for Myanmar amid high-risk status

FATF has recommended enhanced due diligence measures for risks arising from Myanmar, maintaining its status as a high-risk jurisdiction. The RBI has issued the advisory based on FATF's guidelines

Trade union strike: Normal life remains unaffected; sporadic violence in WB

The trade unions claimed that the strike was successful, and a large number of workers abstained from work, impacting postal, banking, insurance, and mining sectors

HDFC Bank reduces MCLR by 30 bps to 8.80% across tenures, effective July 7

Bank's MCLR now ranges from 8.60% to 8.80% across maturities after RBI slashed policy repo rate by 100 basis points since February

Regret not insuring MFI business from start: IDFC Bank CEO Vaidyanathan

IDFC First Bank chief says not insuring the microfinance portfolio earlier worsened FY25 losses but confirms that 66 per cent of the book is now covered under CGFMU

Mamata seeks Niti Aayog's apology on misrepresented West Bengal map

The West Bengal CM said that the issue raised legitimate concerns about the rigor and reliability of Niti Aayog's work

Sebi launches broker settlement scheme; MSEI to raise ₹1,000 crore

Settlement window for NSEL-related violations to run from August 25 to February 25; MSEI to raise funds to support equity derivatives market entry