Page 60 - Bs Reporter

₹2,203 crore green push can ease Chennai's climate challenges: CSTEP

A CSTEP report says investing in nature-based solutions like wetlands, green rooftops and permeable pavements can mitigate flooding, heat and pollution in Chennai

Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary

Dubai-based Emirates NBD has received RBI's in-principle approval to convert its three India branches into a wholly owned subsidiary to deepen domestic banking services

SBI slashes domestic term deposit rates by 20 basis points across tenors

SBI cuts fixed deposit rates by 20 bps across tenors from May 16, citing improved liquidity and policy rate cuts; highest interest now at 6.7 per cent for 2-3 years

Real estate stakeholders turn cautious amid global uncertainty: Report

Knight Frank-Naredco Q1 2025 report shows real estate sentiment index dipped amid global volatility, though office market and premium housing stay resilient

Krutrim techie's 'suicide' raises question over workplace culture

Allegations of verbal abuse and excessive workload emerge after the suicide of Ola Krutrim engineer Nikhil Somwanshi, prompting scrutiny of the company's work culture

Route One Fund trims IndusInd Bank stake by 0.65%, raises ₹386 cr

US-based hedge fund Route One Fund I LP sells over 5 million shares of IndusInd Bank for ₹386 crore, cutting its holding to just above 1 per cent

IndusInd Bank may face hit to core profit and biz growth: Brokerages

Brokerages lower FY25 and FY26 estimates after IndusInd Bank audit reveals ₹674 crore income misreporting and ₹595 crore in unsubstantiated balances

Omar, Mehbooba lock horns on social media over Tulbul barrage project

In a post on X on Thursday, Abdullah had posed the question if work could resume on the Tulbul Navigation Barrage project in view of the suspension of the Indus Waters Treaty (IWT)

ASK Investment Managers unveils new PMS fund under special opportunities

The minimum investment ticket size of the fund will be ₹50 lakh, and the firm is targeting to raise ₹1,000 crore from this portfolio

Fund managers lapped up IT stocks in April after index correction

As per an analysis by Nuvama Alternative & Quantitative Research, companies in the information technology (IT) sector found favour among fund managers following a sharp correction in the IT index

TCS' brand value up 28% to $57.3 billion, says Kantar BrandZ report

TCS has jumped 28 per cent in brand value to $57.3 billion, securing the 45th rank globally in Kantar BrandZ 2025, aided by AI-led offerings and global sponsorships

Instamart will now deliver products from Home Centre in 10 minutes

India's leading home decor and furniture brand debuts on quick commerce, offering 10-minute delivery of lifestyle and kitchen products across key metro cities

HPE appoints Bhawna Agarwal as India MD; Satsangi to retire in July

Bhawna Agarwal takes over as MD and SVP of HPE India, succeeding Som Satsangi, who will retire in July 2025 after 27 years of service with HP and HPE

Ajmera Realty Q4 results: PAT falls 18% to ₹24 cr, revenue down 34%

Ajmera Realty reports a weak March quarter with 34% drop in revenue and 18% fall in PAT, but full-year FY25 profit rises 22% to ₹126 crore on operational strength

Delhi HC sets aside arbitral tribunal order entitling Zostel stake in OYO

The court allowed OYO's plea under Section 34 of the Arbitration Act, setting aside the 2021 tribunal ruling that Zostel could seek up to 7% stake in Oravel Stays

Antfin sells 4% stake in Paytm; General Atlantic offloads 10% stake

Antfin mopped up ₹2,104 crore from the share sale. Shares of Paytm last closed at ₹857, down 1.13 per cent. At the end of March 2025 quarter, Antfin held 9.85 per cent stake in Paytm

AI infrastructure startup Flam raises $14 million in Series A round

Flam will use the capital to scale its GenAI product suite, expand across North America, Europe and the Middle East, and deepen mixed reality infrastructure in Asia

Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2

SoftBank posts ¥1.15 trillion FY25 profit but reports ¥561.7 bn loss in SVF2 due to share declines in Indian bets Ola and Swiggy, which fell nearly 40 per cent

Fitch expects Indian power gencos' credit ratings to remain stable

Fitch Ratings says Indian power gencos are insulated from volume risk due to regulated assets and fixed-tariff contracts, despite a slowdown in electricity demand growth

Fusion Finance shares rise over 8% after Rs 800-cr rights issue success

Fusion Finance shares jumped as its Rs 800-crore rights issue saw 1.5x oversubscription, driven by strong backing from promoters and institutional investors