Page 58 - Bs Reporter

HDB Financial Services gets Sebi approval for ₹12,500 crore IPO

HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs

India crosses 4K active Covid cases, records 5 deaths in last 24 hours

India's active Covid-19 cases reach 4,026 with Kerala having the highest caseload; five deaths reported on Monday including two in Maharashtra

Adani may invest ₹6K cr in cooling solutions biz, set up unit at Mundra

Adani Energy Solutions plans a Rs 5,000-6,000 crore investment in centralised cooling, setting up India's largest unit at Mundra with Cooling-as-a-Service model

RBI documentary series premieres on JioHotstar with first of five parts

The five-part series on the Reserve Bank of India explores its 90-year journey, covering its vision, achievements, and the critical roles it plays in India's economy

EY India Chairman and CEO Rajiv Memani takes over as CII president

The newly constituted National Council of the Confederation of Indian Industry at a meeting elected its new office bearers for the year 2025-26, CII said

Canara Bank waives all charges for non-maintenance of minimum balance

This move is anticipated to benefit millions of Canara Bank customers, including salaried individuals, senior citizens, students, non-resident individuals, and first-time users of banking services

Indian Bank launches new savings accounts for NRIs with global access

The Bank's new offerings aimed at a seamless combination of traditional trust and modern conveniences, reinforcing its position as a trusted banking partner for NRIs around the globe

Kotak Mahindra Bank's Deputy MD Shanti Ekambaram to retire in October

Paritosh Kashyap, Group president and business head, Wholesale Banking Group, will be appointed as the whole-time director (executive director) and key managerial personnel

UGRO Capital announces Rs 400 crore rights issue at Rs 162 per share

The rights issue builds on the company's recent performance, which saw assets under management grow to Rs 12,003 crore and profit before tax more than double to Rs 203 crore in FY25

Mumbai's unsold luxury stock rises 36% Y-o-Y in Q1 '25, 1st time since 2022

As many as 8,420 luxury units priced over Rs 2.5 crore were unsold in the city in Q1 2025, compared to 6,180 units unsold during the corresponding period the previous year

Indian tourism sector to contribute 10% to India's GDP by 2030: Shekhawat

Tourism minister says rising aspirations, infrastructure and policy support will drive India's tourism sector towards 10% GDP share by 2030, in line with global benchmarks

Debashis Chatterjee retires, Venu Lambu named CEO & MD of LTIMindtree

Chatterjee, who led the firm through its merger and growth phase, will be succeeded by Venu Lambu, former CEO of Randstad Digital, effective 31 May 2025

Interest rates on fresh deposits declined sharply by 35 bps in April

Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system

Apollo Hospitals Q4 results: Net profit rises 54% to ₹389.6 crore

Apollo's Q4 PAT surged 54% to ₹389.6 crore on strong patient volumes and revenue growth; FY25 profit up 61%, with ₹8,000 crore investment planned over 5 years

Govt approves ₹81,735 crore additional tax devolution to states

Finance ministry says additional tax devolution to help states accelerate capital spending, fund welfare and development, and support priority schemes ahead of regular release

Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL

JLL report shows strong investor interest with 79 hotel signings, tier 2 cities leading the growth, and Bengaluru topping RevPAR charts due to Aero India 2025

AM/NS India launches two new patented steel products under Optigal

AM/NS introduces Optigal Prime and Pinnacle with high corrosion resistance and eco-friendly features, aiming for 25% share in India's colour-coated steel market

Prostarm Info Systems IPO subscribed 97x; Scoda Tubes offer booked 8.11x

The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes fetched 8.11 times subscription on the second day of bidding on Thursday

Operative KCCs dipped 2.7% in FY25; loans hit Rs 6 trillion, shows data

The number of operative KCCs declined by 2.7 per cent during the financial year 2024-25 (FY25) over the previous year

SC admits Byju's promoters' pleas, next insolvency hearing on July 21

SC admits cases filed by Byju's promoters challenging NCLAT ruling on BCCI insolvency plea despite settlement; interim relief to be taken up in July