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Indian investment bankers earn $1.3 billion in fees, highest since 2000

The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers

AI can reshape socio-economic landscape of nations: Kumar Mangalam Birla

He emphasised the need to build on AI and use its potential for enhancing healthcare, agriculture, education, and other segments

Sebi appoints G Ram Mohan Rao as executive director for a period of 3 years

Rao will be handling the investigation department and the internal inspection department

French major Valeo lines up expansion in Tamil Nadu, plans to hire 3,000

Valeo is committed to manufacturing excellence, setting benchmarks for quality, reliability, and technological advancement within the automotive sector

Medway Hospitals raises $5m in funding round led by Kyra Ventures

Chennai-based group operates eight multi-multispeciality hospitals that provide range of services

IT stocks decline amidst growth concerns pulls Indian equity benchmarks

Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand

Wipro's lawsuit against ex-CFO referred to arbitration by civil court

The court took this decision as Dalal produced agreements that indicated that disputes were to be settled through arbitration

Majority bondholders have consented to restructuring: Vedanta Resources

The company said 97.78 per cent, 98.69 per cent, 99.6 per cent, and 99.12 per cent of the four series of bonds respectively have consented in favour of the company's proposed restructuring

HDFC MF ramps up presence; PPFAS MF allows redemptions in liquid fund

The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli

IIT Madras targets incubating 100 startups across various sectors in 2024

Recognised as one of the top deep-tech start-up ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is institute's umbrella body for nurturing, supporting, and overseeing various innovation

India cautious as West makes new plan for economic sanctions on Russia

US, EU could be moving to make it difficult for Russia to sell not only crude but other products

RBI asks banks not to classify zero balance account as inoperative

The central bank said customers need to submit fresh KYC documents for reactivation

Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1

Furthermore, C S Rajan, independent director, has assumed the office as the part-time chairman of the bank, with effect from January 1, 2024

Dharavi Redevelopment Project: Adani group signs planner, designer up

DRPPL is a joint venture between Adani Group and the Government of Maharashtra

Markets witness stock-specific action, benchmarks ended with wild swings

Railtel, YES Bank, Vodafone Idea, and BHEL rose 2-6 per cent

Tamil Nadu campaign to celebrate state's business titans, industrial legacy

Corporate leaders to speak about their companies in campaign curated by CII

CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth

The trends indicate a positive trajectory across various segments of natural gas consumption

Gains and many losses: 2023's blend of revival and heartfelt goodbyes

A hot streak for entertainment that beat the Covid blues, and views and verdicts that caused ripples made news in a year when several stalwarts bid adieu

Energy surge: Oil and gas sector set for good growth in FY24, FY25

Natural gas consumption to rise 10-15% this financial year, driven by CGD