Page 6 - Bs Reporter

Edelweiss AMC crosses ₹1 trn milestone in equity assets under management

The asset manager attributed the milestone to consistent fund performance, wider distribution and sustained retail participation through systematic investment plans across market cycles

Pine Labs pumps nearly ₹25 crore into subsidiary to fund expansion plans

The rights issue investment will help Synergistic Financial Networks meet working capital requirements and support its future expansion plans

JioBlackRock enters SIF, launches its first regular-plan product

JioBlackRock enters the SIF segment with a hybrid long-short fund, while ICICI Prudential MF launches a multi-asset active FoF for diversified investing

SBI raises $300 mn via 3-year dollar bonds at SOFR plus 100 basis points

The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue

Axis Bank CFO Puneet Sharma steps down after more than six years

Sharma said he had largely achieved the objectives he set as CFO, including strengthening financial controls, building a resilient balance sheet and improving shareholder trust

Tech Mahindra ties up with Perplexity to strengthen AI-led enterprise sales

Tech Mahindra will deploy Perplexity Enterprise Pro across its sales and customer-facing teams to improve access to AI-powered, source-backed insights and strengthen client engagement

Kotak Bank's MD&CEO Ashok Vaswani to step down at end of Dec 2026

Vaswani has said he will not seek re-appointment, and is stepping down for personal reasons; the bank has initiated the process of appointing a new MD&CEO

Top 10 Indian firms' value jumps 3.5x in a decade; financials dominate

Reliance Industries has emerged as India's most valuable company over the past five years, while financial services firms continue to dominate the country's corporate rankings

Waterways Leisure IPO fully booked on Day 3; Sebi resolves 5,500 complaints

Waterways Leisure Tourism's IPO closes fully subscribed, Advit Jewels sees massive demand, while Sebi seeks clarification on Jio Platforms' public issue

A personal loan can come in handy, but make sure you know the rates

A personal loan can be very useful in a sudden funds crunch, but may carry higher interest rates due to the higher risk it carries

Sebi eases certification needs for non-core staff of investment advisors

Sebi eases certification norms for non-advisory investment staff, while NSE clarifies brokers' investments won't be treated as business income in most cases

Sunil Agrawal steps down as LIC chief financial officer effective July 14

Agrawal, who joined LIC in 2022 after stints at Reliance Nippon Life and ICICI Prudential Life, will step down effective July 14

Knack Packaging fixes ₹439.5-crore IPO price band at ₹161-170 per share

Knack Packaging sets ₹161-170 IPO price band to raise ₹439.5 crore, with proceeds earmarked for capacity expansion and capital expenditure

Gold-loan lenders can withstand sharp price corrections, says Crisil

Strong risk-management practices, conservative lending ratios and timely auctions help lenders recover principal even under stressed gold-price scenarios, the agency says

Bandhan Bank raises FD rates by up to 20 bps on select deposit tenors

The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps

Bajaj Auto's largest buyback to turn ex-date; tender opens July 1

Bajaj Auto's record ₹5,633 crore buyback, JSW Infra's ₹7,503 crore QIP, and mixed IPO subscriptions highlight active primary market momentum in India

RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers

Central bank consolidates TReDS regulations, eases MSME access and permits financiers to obtain credit guarantee cover on platform exposures

NSE, Bharat Metal Exchange join hands for non-ferrous metal derivatives

NSE and Bharat Metal Exchange will jointly develop non-ferrous metal derivatives as SEBI proposes further easing of tech rules for market infrastructure institutions

Waterways Leisure allots shares worth ₹263 crore to anchor investors

Cruise operator raises Rs 263.25 crore from marquee anchor investors ahead of its Rs 585-crore IPO, which opens for public subscription on Tuesday

Doval to host BRICS security conclave amid evolving geopolitical challenges

Senior security officials from BRICS nations, including China, Russia and Iran, will meet in New Delhi to discuss non-traditional security threats, terrorism and emerging technologies