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Top minds to brainstorm at the three-day BS BFSI Insight Summit 2025

After strong push by govt and RBI, discussions to further enhance India's growth amid global woes

GIFT Nifty contracts hit record open interest; Advent sells 2% in ABCL

GIFT Nifty hits record $21.23 billion open interest; Advent sells 2% in Aditya Birla Capital for ₹1,628 crore; Sebi plans simpler, more transparent mutual fund fee structure

Best & brightest at BFSI Summit: India's biggest finance event returns

From October 29 to October 31, the summit will feature keynotes, fireside chats, and panels on policy, digital banking, insurance, and AI in finance

Relief for Vodafone Idea may trigger govt equity dilution, say brokerages

Analysts expect AGR relief for Vodafone Idea soon, paving way for equity raising and government stake dilution while easing the telco's debt and funding constraints

Trai aligns with DoT on CNAP, makes caller ID service default with opt-out

Trai's backing clears path for nationwide CNAP rollout; feature to display caller names by default on 4G, 5G phones with opt-out option for users

India's data centre capacity to double by 2027, rise 5x by 2030: Macquarie

India's data centre pipeline to expand on AI infrastructure, data localisation, and cloud adoption, with $45 bn investment potential by 2030, says Macquarie

Sundram Fasteners posts record Q2 profit of ₹153 crore, raises dividend

Auto parts maker posts highest-ever quarterly profit and announces a 25% higher interim dividend amid strong performance in domestic and overseas markets

Hexaware dismisses Natsoft's patent lawsuit, calls claims baseless

Hexaware says Natsoft's patent infringement allegations are without merit and asserts confidence in prevailing as it defends its technology in US courts

Tata Capital Housing Q2 profit jumps 28%, AUM crosses ₹75,000 crore

TCHFL reports 28% rise in Q2 profit to Rs 440 crore on higher NII and fee income; assets under management climb 30% year-on-year to Rs 75,636 crore

EU Parliamentary trade delegation in India to discuss FTA progress

Seven EU Parliament members to meet Indian officials, industry bodies, and civil society groups to assess progress on the India-EU free trade agreement

Milky Mist gets Sebi nod for ₹2,035 crore IPO, largest in dairy sector

The Tamil Nadu-based dairy brand plans to use IPO proceeds for debt repayment, expansion of its Perundurai plant, and strengthening its premium FMCG portfolio

IIM Calcutta achieves 100% summer placements; top stipend ₹6 lakh

All 470 MBA students placed across 183 recruiters; average stipend Rs 1.85 lakh per month, with top international offer touching Rs 6 lakh

LTIMindtree wins $100 mn deal from US chemicals and polymers firm

The multi-year contract strengthens LTIMindtree's large deal momentum as it delivers AI and automation-led IT transformation for a US-based global manufacturer

Zarin Daruwala appointed group CEO of PL Capital, effective October 13

Daruwala, who brings more than 35 years of experience in banking and financial services, will steer the broking firm's next phase of expansion across institutional equities

Rashmi Group to invest ₹10,000 cr in steel, power plant in West Bengal

The Kolkata-based group to set up a 2.8 MTPA steel plant and 400 MW captive power facility in Purulia, with state-backed fast-track clearances under ultra mega status

Former RPG talent head Supratik Bhattacharyya joins Adventz Group

Former RPG Group Chief Talent Officer to spearhead human resources strategy at Adventz, the $4 billion conglomerate led by industrialist Saroj Poddar

IFSCA proposes differential distribution in funds to boost blended finance

The move is aimed at enabling blended finance structures that combine concessional or philanthropic capital with private investment to fund socially desirable but commercially less viable projects

Mutual funds resume lumpsum investments in silver ETF fund-of-funds

Fund houses including Tata, HDFC, Kotak and Aditya Birla Sun Life lift curbs on silver ETF FoFs as supply pressures ease and premiums stabilise

Sebi allows transfer of PMS business between portfolio managers

Transfer of PMS business will now be permitted with Sebi's prior approval, provided the process is completed within two months of regulatory clearance

India's electricity demand likely to grow 4-4.5% in FY26, says ICRA

ICRA expects electricity demand to rebound in the second half of FY26, with renewables and stable economic activity driving growth despite early monsoon effects