Page 68 - Bs Reporter

Algo Rhythm: Energy demand of AI data centres 'to double' by 2030

Electricity generation to run data centres in 2024 was estimated to be around 415 TWh, which amounted to about 1.5 per cent of global consumption

Bank of India cuts interest rates on short and medium-term FDs

The decision came on Saturday (April 12) after the Reserve Bank of India cut the policy repo rate by another 25 bps to 6 per cent

Sree Kailas Group lines up new brand OneAlpha in industrial spaces sector

OneAlpha aims to deliver fast, customised and sustainable infrastructure solutions for manufacturers

India Inc makes progress in corporate governance, says IiAS study

Notably, no BSE 100 company fell into the "basic" (lowest) governance category for the first time

Madhur Bajaj, former vice chairman of Bajaj Auto, passes away at 73

At the time of stepping down, he had said, "I believe now is the time for me to pursue my other interests and commitments"

Almondz Global Securities to demerge broking biz, list as separate entity

The move is to sharpen the focus on the stock broking business and unlock economic value. The broking business contributes to about a fifth of AGSL's revenue

Andhra Pradesh govt clears investments worth Rs 31,167 cr by 17 companies

In all five SIPB meetings held so far since TDP-led NDA government was formed, 57 organisations have been given approval for investments to tune of Rs 4.71 trillion, which will create 4.17 lakh jobs

US lender trustee Glas Trust denies allegations by Byju Raveendran

Glas would take all necessary actions to hold Byju Raveendran and his associates accountable for the harm caused to lenders and thousands of T&L customers, says spokesperson

We will provide sufficient liquidity for monetary policy transmission: RBI

The RBI has guided that liquidity should be 1-1.5 percent of NDTL

RBI issues draft revised norms for non-fund based credit facilities

REs will issue an NFB facility only on behalf of a customer having a business relationship with them

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

Union AMC plans SIF, AIF, and GIFT City foray, says CEO Madhu Nair

The AMC, which manages around ₹20,000 crore in its MF schemes, has set a ₹1 trillion assets under management (AUM) target for the next 5 years

India's growth trajectory remains strong, says FM Nirmala Sitharaman

"Our government remains committed to continued reforms, maintaining macroeconomic stability, and ensuring that growth benefits every section of society," she said

Bandhan Bank launches Elite Plus; Bank of Baroda unveils new term deposit

The savings account will allow customers to deposit unlimited cash each month, with free RTGS, NEFT, and IMPS transactions

Jio Finance launches loan against security offering for customers

Customers of Jio Finance can now avail themselves of loans of up to Rs 1 crore, with interest rates starting at 9.99 per cent, tailored to their risk profiles

REC raises Rs 2,625 crore through 15-year bonds at coupon rate of 7.02%

Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months

CDSL to deposit Rs 3 cr as financial disincentive for technical glitches

The depository on Tuesday stated that Sebi's directions will have no impact on its operations or other activities

Hindustan Unilever and NSRCEL-IIM-B launch Climate Incubation Hub

The initiative will focus on startups operating in key environmental domains, including climate, nature, and plastics circularity

Retail investors give Mazagon Dock OFS a miss; Sebi imposes fine on R-Sec

The Securities and Exchange Board of India (Sebi) on Monday imposed a penalty of ₹7 lakh on Reliance Securities for alleged lapses in complying with stock brokers regulation

A new and significant chapter begins in Haldiram's story: CEO Chutani

For its partners and vendors, this merger means deeper relationships and wider opportunities; and for its customers, it means everything they love and a lot of new things to look forward to