Page 57 - Bs Reporter

Tata Steel bets big on India growth, says Chairman N Chandrasekaran

Chandra said global steel output in FY2024-25 was stable at 1.83 bln tonnes, but despite this, margins remained under pressure due to supply chain volatility, although coking coal prices were lowe

Andhra Pradesh government and Nvidia sign MoU to power AI University

10,000 students to be skilled, 500 startups to benefit under landmark initiative

RBI to review regulatory framework for Type-I NBFCs: Governor Malhotra

RBI Governor Sanjay Malhotra said the central bank will review and possibly introduce a separate framework for Type-I NBFCs, which do not accept public funds or have customer interface

RBI rejects Annapurna Finance's application to set up universal bank

RBI cites non-suitability under current guidelines as reason for turning down Bhubaneswar-based NBFC-MFI's bid for universal bank licence.

Dell names Manish Gupta India president and MD, replacing Alok Ohrie

Gupta, who earlier led global alliances in APJC, takes charge from Alok Ohrie, who had been heading Dell India since 2013 and is now exiting the company

Nandan Nilekani commits second multi-year grant to AI4Bharat at IIT Madras

Nandan Nilekani backs AI4Bharat's mission to build open-source AI infrastructure for Indian languages, advancing digital inclusion through language accessibility

Microfinance: Indicators show cautious lending, continuing stress in parts

Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability

Central Bank of India buys 24.91% stake in Future Generali for Rs 451 cr

State-owned Central Bank of India buys 24.91% stake in Future Generali India and 25.18% in its life insurance arm following approvals from CCI, RBI and IRDAI

Bajaj Finserv promoters sell 1.94% stake in ₹5,828 crore block deal

Promoter entities Jamnalal Sons and Bajaj Holdings will sell 31 million shares at a 3.3% discount, with Kotak Securities managing the share sale

Sebi issues warning letters to NSDL over compliance and cyber alert lapses

Securities and Exchange Board of India warns NSDL for lapses in demat account visibility and cyber alert tracking, urging stronger controls to avoid future issues

Over 50% of GCCs in India cite talent retention as top concern: Study

GCCs in India face rising attrition and a shrinking entry-level workforce as mid-senior roles grow, prompting a need for deeper investment in employee engagement

E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares

Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore

HNIs aim for early retirement but low savings, planning hold them back

A Marcellus and Dun & Bradstreet survey shows that Indian HNIs want early retirement and education abroad for children, but poor saving habits and planning hinder goals

Aditya Birla Group buys Cargill's speciality chemical facility in US

The Dalton plant will see capacity more than double in two years as Aditya Birla Group integrates advanced materials tech and eyes expansion across strategic sectors

Vodafone Idea to seek shareholder nod for ₹20,000 cr fundraise, AoA tweak

The planned fundraise is part of Vodafone Idea's broader effort to strengthen its balance sheet and support investments in network expansion and 5G rollout

Google-backed Glance AI to be part of Samsung mobile phones in the US

Glance AI, powered by Google Imagen 4, offers visual shopping via Samsung lock screens in the US, letting users explore, visualise and purchase products instantly

NCLAT refuses to lift asset freeze on Gensol Engineering, related firms

NCLAT directs Gensol Engineering and related entities to approach the NCLT for relief after denying plea to lift freeze on assets, accounts, and lockers amid fraud probe

Parliament's Monsoon session from July 21; Oppn demands special session

Govt announces Monsoon session from July 21 to August 12; Opposition says early announcement aims to dodge special session demand over Operation Sindoor and CDS remarks

Aravalli Green Wall Project: India's theme for this World Environment Day

Prime Minister Narendra Modi will officially inaugurate the project on June 5. Last year the theme was 'Ek Ped Maa ke Naam', which continues

Prostarm Info gains 20% on mkt debut; TPG to sell 2.1% stake in Tata Tech

Shares of Prostarm Info Systems rose 20 per cent during their trading debut on Monday. The company's stock price ended at ₹126.25, up ₹21.25, or 20.24 per cent, over its IPO price of ₹105