BS Reporter
BS Reporter
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Business Standard BFSI Insight Summit: Now bigger and better than before
RBI Governor Das will kickstart the proceedings with a fireside chat on Day 1 after the summit's inauguration by SBI Chairman Setty
 "Business Standard BFSI Insight Summit: Now bigger and better than before")
BS BFSI Summit: Shaktikanta Das to T Rabi Sankar, here are the key speakers
The keynote speakers in the summit include Irdai Chairperson Debasish Panda, CEA V Anantha Nageswaran, whole-time member of Sebi Ananth Narayan G among others
 "BS BFSI Summit: Shaktikanta Das to T Rabi Sankar, here are the key speakers")
BS BFSI Summit: Leading figures from finance world share their insights
While the first day will focus on banking and bankers, the second day will be centered around equity markets and technology in banking. And the third day will see discussion among leading insurers
 "BS BFSI Summit: Leading figures from finance world share their insights")
BFSI Summit: Brainstorming by top minds of financial world to start today
Three-day event to explore India's potential and pathways to achieve it
 "BFSI Summit: Brainstorming by top minds of financial world to start today")
Food delivery major Swiggy raises Rs 5,085 crore from anchor investors
Anchor allotments are made to marquee investors a day before the IPO to instil confidence and provide cues to other investors
 "Food delivery major Swiggy raises Rs 5,085 crore from anchor investors")
Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share
The government aims to raise over Rs 5,000 crore
 "Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share")
Auto parts firm Sundram Fasteners posts 8% increase in Q2 net profit
The company has incurred Rs 238.25 crore in capital expenditure for the half-year ended September 30, 2024, in line with its planned capital expenditure of Rs 400 crore for the financial year 2024-25
 "Auto parts firm Sundram Fasteners posts 8% increase in Q2 net profit")
MP grants customised packages to 10 companies, including Dabur, Coca-Cola
According to officials of the Madhya Pradesh Industrial Development Corporation (MPIDC), these projects will bring an investment of about Rs 2,100 crore into the state
 "MP grants customised packages to 10 companies, including Dabur, Coca-Cola")
Capital markets' boom drives NSE Q2FY25 PAT up 57% at Rs 3.14K crore
The exchange's growth could plateau going forward as trading volumes are expected to take a hit due to stricter trading rules for the derivatives segment that take effect from this month
 "Capital markets' boom drives NSE Q2FY25 PAT up 57% at Rs 3.14K crore")
ABB India profit jumps 22% in September quarter on improved operations
For the quarter under review, profit after tax (PAT) for the company was Rs 440 crore, which the company said "was driven by capacity utilisation, efficiencies, and revenue quality."
 "ABB India profit jumps 22% in September quarter on improved operations")
SME, microfinance stress to add pressure on IIFL's asset quality: Fitch
Affirms IIFL Finance's long-term rating; removes from rating watch negative
 "SME, microfinance stress to add pressure on IIFL's asset quality: Fitch")
Sebi plans relaxed norms, sunset clause for high-value listed debt firms
Move to ease compliance burden for 166 pure-debt listed entities
 "Sebi plans relaxed norms, sunset clause for high-value listed debt firms")
IIM Calcutta's MBA programme secures 100% placements in summer internships
The average monthly stipend stood at Rs 1.89 lakh, while the median was Rs 2 lakh per month, which IIM Calcutta said was a new institute record
 "IIM Calcutta's MBA programme secures 100% placements in summer internships")
India now holds more gold domestically, marking 60% increase: RBI data
Latest data from the central bank shows that 510 metric tonne of gold is held domestically
 "India now holds more gold domestically, marking 60% increase: RBI data")
Yatharth Hospital to acquire 60% stake in MGS Infotech for Rs 152 crore
In February 2024, Yatharth Hospitals acquired a 100 per cent stake in the Faridabad-based 175-bed Asian Fidelis Hospital for an enterprise value of Rs 116 crore
 "Yatharth Hospital to acquire 60% stake in MGS Infotech for Rs 152 crore")
73,600x surge in 2 days: Elcid Investments now India's 'priciest' stock
Shares of Elcid were frozen at Rs 3.21 apiece for the past year, with barely any buyers or sellers in the counter
 "73,600x surge in 2 days: Elcid Investments now India's 'priciest' stock")
V-Guard Q2FY25 results: Net profit increases 7.5% to Rs 63.39 crore
The company's consolidated net revenue from operations for the quarter ended September 30 this year was Rs 1,293.99 crore, marking a growth of 14.1%
 "V-Guard Q2FY25 results: Net profit increases 7.5% to Rs 63.39 crore")
Motilal Oswal Fin logs record profit of Rs 1.2K cr; ABSL AMC net up 36%
Aditya Birla Sun Life (ABSL) Asset Management Company (AMC) on Monday reported a 36 per cent year-on-year (Y-o-Y) jump in the net pro - fit for the previous quarter (Q2) at Rs 240 crore
 "Motilal Oswal Fin logs record profit of Rs 1.2K cr; ABSL AMC net up 36%")
A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips
Waare's IPO consisted of fresh fundraise of Rs 3,600 crore and an offer for sale of Rs 721 crore. The stock is priced at 53 times its financial year 2024 (FY24) earnings of Rs 1,274 crore
 "A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips")
Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone
The plant has the capacity to produce engines ranging from 800cc to 1500cc
 "Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone")