Page 63 - Bs Reporter/workspace/business Standard Web/video

BoM, BoB reduce lending rates following RBI's recent policy action

Bank of Maharashtra cuts retail loan rates by up to 50 bps; Bank of Baroda trims MCLR on select tenors with effect from 12 June as banks align with RBI move

Travel industry mourns Air India plane crash, sentiment turns sombre

Tourism bodies express grief over the tragic crash of AI Flight 171 in Ahmedabad that killed over 204 passengers; travel firms respond to airport closure and alerts

Volvo Cars picks HCLTech as strategic partner for engineering services

Volvo Cars names HCLTech a strategic supplier for engineering services, expanding their partnership to include end-to-end delivery from global centres and Gothenburg hub

Union Bank, Canara Bank, IOB cut lending rates by 50 bps after RBI move

Following a 50 bps policy rate cut by RBI, Union Bank revises its external benchmark lending rate, easing loan costs for retail and MSME borrowers

State Bank of India hires 13,455 junior associates for customer service

The recruitment is aimed to fill vacancies across 35 states and Union Territories, making it one of the significant hiring initiatives in the industry, the bank said in a press release

Polygon appoints Sandeep Nailwal as CEO, signals founder-led reboot

Sandeep Nailwal will lead the Polygon Foundation with a product-first vision, focused on scaling Agglayer, evolving Polygon PoS, and boosting ecosystem value

India's AI market to triple, reach $17 billion by 2027: BCG report

A Boston Consulting Group report attributes India's AI surge to rising tech investment, a strong digital ecosystem, demographic edge, and robust data infrastructure

Flexiloans raises ₹375 crore in Series C funding led by BII, others

With total funds raised at ₹665 crore over six months, Flexiloans will scale operations, boost technology and expand reach across India's underserved MSME sector

Oswal Pumps prices its IPO in ₹584-₹614 range; opens on June 13

The ₹1,387-crore IPO includes a ₹890-crore fresh issue and ₹497-crore OFS, with funds earmarked for new plants, debt repayment, and Oswal Solar investment

Reduce unclaimed assets: FM Sitharaman to financial sector regulators

At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors

Capgemini to help Dai-ichi Life set up GCC in India for digital boost

Dai-ichi Life signs multi-year pact with Capgemini to build a global capability centre in India to accelerate digital transformation and tap into advanced tech talent

Axis Max Life Insurance appoints Sumit Madan as MD & CEO effective Oct 1

Madan is currently senior director and chief distribution officer (CDO) at the company

Metro AG extends partnership with Wipro for two additional years

Wipro extends its partnership with Metro AG for an additional two years, continuing to provide digital services across cloud, data, application development, and AI-enabled IT support

Suzlon promoters sell 1.45% stake; Lalithaa Jewellery files for IPO

Wipro shares worth ₹5,058 crore got traded among the promoter group entities under the block deal window on Monday

TP Solar crosses 4 GW of solar module production at its Tamil Nadu unit

The plant has cumulatively produced 4,049 megawatts (MW) of solar modules and 1,441 MW of solar cells up to May 2025

Global firms target over 100 mn sq ft workspace: Knight Frank survey

Knight Frank's (Y)OUR SPACE report finds companies are not abandoning offices but seeking better, flexible, ESG-compliant spaces despite global uncertainties

HDFC Bank reduces MCLR by 10 bps across all loan tenures from 7 June

The MCLR for HDFC Bank now ranges from 8.90 to 9.10 per cent across tenors, following a 50 bps cut in the repo rate by the RBI's monetary policy committee last week

DLF secures RERA approval for Privana North project, launch by Q1-end

DLF has received RERA approval for Privana North in Gurugram, the third phase of its Privana series, and may launch it by the end of the first quarter of FY26

G Square Group announces Rs 1,000 crore mega township project in Coimbatore

G Square Group acquired the 714- acre Kovai Hills project from Rakindo

Infosys gets relief as DGGI drops Rs 32,403 crore GST demand notice

Infosys said it has received official communication from the GST intelligence authority closing pre-show cause proceedings for financial years 2017-18 to 2021-22