Page 57 - Bs Reporter

India diversifying markets amid trade restrictions: FM Nirmala Sitharaman

FM Nirmala Sitharaman at the BRICS meeting says India is diversifying markets, focusing on infrastructure-led growth and structural reforms to improve competitiveness and productivity

Sebi may rationalise penalties on brokers, says WTM Kamlesh Varshney

Sebi's Kamlesh Varshney says penalty rationalisation for brokers is likely soon and that a common reporting portal and designated exchange for penalties are under review

BoB waives charges on non-maintenance of monthly average balance

Bank of Baroda eliminates penalties for non-maintenance of Monthly Average Balance in standard savings accounts, effective July 1, 2025, though premium accounts remain exempt

India takes no position on matters of faith: MEA on Dalai Lama's successor

India refrains from taking a stance on Dalai Lama's succession; Rijiju backs spiritual autonomy, prompting Chinese protest amid rising sensitivities over Tibet

India launches initiative to identify top 100 deep-tech startups

The #100DesiDeepTechs initiative, in partnership with Startup India, MEITY Startup Hub, and IIT Madras, aims to identify and support India's top deep-tech startups, fostering policy dialogue

RIL's new energy bets could unlock $60 bn in value: Morgan Stanley

Morgan Stanley sees transformational shift in RIL's green energy and AI strategy, forecasting up to $60 bn in value as it integrates clean power into core operations

Oyo's DanCenter to add 250 premium vacation homes across India in FY26

Oyo's European brand DanCenter currently operates in 9 states and UTs and aims to expand into Telangana and the North-East, focusing on upscale and niche travel segments

GobbleCube raises $3.5 million to expand AI tools for consumer brands

InfoEdge Ventures leads Pre-Series A round as GobbleCube targets growth in hyperlocal commerce with AI-driven solutions for top consumer brands

Reliance Retail to bring FACEGYM to India, makes minority investment in co

Reliance Retail Ventures announces a strategic investment in UK-based FACEGYM, bringing the global facial fitness and skincare brand to India with plans to scale over five years

Opposition slams EC over special intensive revision of electoral rolls

Congress and its allies accuse the Election Commission of attempting to disenfranchise voters in Bihar ahead of the assembly elections, demanding that it not act on the ruling party's behest

Bajaj Finance's new loans increase 23% in Q1 FY26, AUM jumps 25%

Bajaj Finance reports a 23% YoY rise in new loans and a 25% YoY increase in AUM for the April-June quarter of FY26. Customer franchise and deposit book also show robust growth

RBI bars prepayment penalty on floating rate micro, small business loans

From January 2026, banks and NBFCs cannot charge micro and small businesses for early repayment of floating rate loans as RBI moves to enhance financing access

Sundaram MF to launch multi-factor fund; Crizac raises nearly ₹258 crore

New Sundaram scheme to follow rule-based multi-factor strategy; Crizac IPO opens Wednesday after anchor allotment

Ellenbarrie, Globe Civil shine on market debut; Kalpataru, Raymond subdued

Industrial listings see strong investor response while real estate debuts Kalpataru and Raymond Realty deliver modest or flat returns despite strong sectoral interest

Vedanta edges higher ahead of NCLT's decision on demerger scheme

Vedanta's plea to demerge into four distinct entities is listed for final approval before the NCLT on Wednesday; stock rises 1.1 per cent ahead of the tribunal's decision

India asks Pakistan for early repatriation of 159 prisoners, fishermen

India and Pakistan exchanged updated prisoner lists; MEA urges Islamabad to release 159 Indians who completed sentence and provide consular access to others

IndusInd submits MD & CEO candidate list to RBI before 30 June deadline

Private lender IndusInd Bank has submitted three names for the MD & CEO role to the RBI after senior exits, with Axis Bank's Rajiv Anand reported to be the top choice

Meta on way to use Sebi's filter to weed out unregulated advisors

In March earlier this year, Sebi had directed all intermediaries to register with platform providers such as Google and Meta for publishing advertisements

Ganesh Mani to take charge as Switch India CEO, effective September 1

The company said that its current CEO, S Mahesh Babu, has decided to step down from his position to pursue opportunities outside the group, effective August 31, 2025

Accenture LearnVantage, IIT Madras team up to skill talent for SDV domain

Accenture LearnVantage and IIT Madras's CAAR launch training programme to equip OEMs and GCCs with talent for building software-defined vehicles across key systems