Page 67 - Bs Reporter

NRI deposit inflows jump 23% till February: RBI's monthly bulletin

NRIs inflows in deposits grew by $14.55 billion between April 2024 and February 2025, against $11.8 billion during the same period a year ago, according to the Reserve Bank of India (RBI)

Banking stocks lift markets for sixth day; Sensex, Nifty at 4-month highs

IIFL Capital estimated that these measures could boost banks' net interest margin between 1 basis point and 18 basis points and add about 1-4 per cent to net profit

AU Small Finance Bank Q4 results: Net profit up 18% at Rs 504 crore

NII of the lender grew 57 per cent Y-o-Y to Rs 2,094 crore in Q4FY25, while other income grew 41 per cent Y-o-Y to Rs 761 crore

RBI allows minors above 10 years to open bank accounts independently

Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian

India's pet care industry to touch Rs 10K cr by 2028: Godrej Pet Care chief

Early this month, GPC entered Tamil Nadu with Godrej Ninja-a pet care brand offering scientifically formulated pet food for dogs, designed to enhance gut health and immunity

HDFC Bank's Q4FY25 results: Net profit up 6.7% aided by lower provisions

The bank's NII was up a little over 10 per cent Y-o-Y at Rs 32,065.8 crore in the reporting quarter

Tata Elxsi inks €50 million multi-year deal with Europe-based auto company

As part of this collaboration, Tata Elxsi will establish a dedicated Global Engineering Centre to support the customer's software platform roadmap and brand-aligned software engineering programmes

TCS partners with AI firm Vianai Systems, founded by Vishal Sikka

TCS will customise the hila platform to meet the specific needs of financial institutions and other key sectors

Tamil Nadu Cabinet clears space policy, eyes ₹10,000 crore investment

The move is expected to attract investments of ₹10,000 crore into Tamil Nadu's space sector, creating at least 10,000 high-value jobs in the sector for talented youth

Govt restricts sale of anti-cold drug combination for children under 4 yrs

The FDC is also effective in treating symptoms like watery eyes, runny nose, sneezing and other discomforts

Infosys announces acquisitions in consulting and cybersecurity space

Both the acquisitions are expected to close during the first quarter of financial year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions

Sify inaugurates South India's largest AI-ready data centre in Chennai

With an eventual capacity of 130 mega watt (MW), it is the only data centre in India with an on-site open cable landing station, providing enhanced global connectivity and network performance

Godrej Consumer opens its first vertical storage warehouse in Bhiwandi

This storage facility is spread across 2.84 lakh square feet

Bank Nifty gains 2.7% as savings deposit rate cuts lift margin outlook

HDFC Bank on Monday cut its savings interest rate by 25 basis points to 2.75 per cent for deposits of less than Rs 50 lakh - its first reduction after five years

Nifty Auto rises 3.4% as Trump hints at tariff exemption for auto imports

After Trump announced sweeping tariffs on April 2, the Nifty Auto index had dropped over 10 per cent.

Daikin India invests Rs 500 crore in new R&D centre in Rajasthan

The R&D centre will employ over 500 engineers and will have 22 new testing laboratories suitable for developing all heating, ventilation, air conditioning and refrigeration (HVACR) solutions

SC upholds NCLT order to begin insolvency against ex-DHFL promoters

A bench led by Chief Justice of India Sanjiv Khanna dismissed the Wadhawans' appeal against the NCLT order

Ananya Birla launches LOVETC to tap premium cosmetics market in India

"This strategic expansion follows Birla Cosmetics' launch of Contraband earlier this year," the company said in a release

Citizens Financial Group to set up its GCC in Hyderabad with Cognizant

The centre is expected to scale to a headcount of 1,000 information technology and data & analytics professionals by March 2026

Bank of India cuts home loan rates by 25 basis points, effective April 15

This move is aimed at making home ownership more accessible and affordable, in line with the bank's ongoing commitment to support customers in achieving their financial goals