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RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms

With reference to HSBC's financial position as on March 31, 2023, RBI found that the bank had outsourced the disposal or closure of anti-money laundering (AML) alerts to a group company

BS Manthan: Bilateralism now topping the agenda, says FM Sitharaman

The global churn and India's reset played out on day one of BS thought summit, with the who's who from government, economy, banking, defence coming together

RBI relaxing risk weights to release Rs 40,000 cr capital for banks

Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure

Govt appoints Finance Secretary Tuhin Kanta Pandey as next Sebi chief

Pandey will be replacing present Sebi chief Madhabi Puri Buch

BII, Calvert Impact commit $40 mn to Vivriti AMC's GIFT City fund

While BII has committed $30 million, Calvert Impact has committed $10 million to the senior debt tranche of the fund

Indian Oil ties up with Novac Technology Solutions for employee upskilling

This strategic partnership between IOCL and Novac Technology Solutions signifies a monumental leap forward in workforce development and learning innovation within the energy sector

TVS Emerald buys 10-acre land in Bengaluru, boosts FY25 revenue potential

With this acquisition, TVS Emerald has added land deals with a revenue potential of Rs 5,300 crore to its portfolio in FY25

What are the best fixed deposit rates in the market for you?

If you want a low-risk investment strategy, fixed deposits may be the way to go for you. But remember, the returns will also be commensurately lower

BS annual summit 'Manthan' kicks off today; many renowned voices to attend

The two-day event, coinciding with Business Standard's 50th anniversary year, will bring together some of the most influential voices in government, policy, and industry

Religare seeks RBI nod for new directors; moves to remove Saluja, Asthaana

The board also recommended the removal of directors Rashmi Saluja and Rakesh Asthaana from the boards of subsidiary companies and committees

HC orders Amazon to pay Rs 340 cr to Lifestyle Equities over infringement

During the proceedings of the case, Cloudtail India agreed to accept an injunction decree and proposed a settlement which would include damages

Franklin Templeton Mutual Fund launches a low duration debt fund

WhiteOak Capital MF on Tuesday launched its Equity Savings Fund (ESF), a hybrid scheme investing in equity, arbitrage, and debt

69% growth in headcount in India's institutional investor sector in 2 years

The sector has made strides in workforce diversity, with women's participation at 27 per cent of the overall workforce

CII announces plan to make India global logistics hub, generate employment

Expanding sector is to expected create 15-17 mn jobs in the country by 2030, it says; Initiative will attract investments and drive economic growth

AkzoNobel N.V. to acquire Indian arm's powder coatings business

The transaction also includes the sale and transfer of intellectual property rights for the decorative paints business in India, Bangladesh, Bhutan, and Nepal for Rs 1,152 crore

Infosys delays trainee assessment amid fresher layoffs at Mysuru campus

India's second-largest IT services company had onboarded about 1,000 engineering graduates in October. Trainees get three attempts to clear the assessment, failing which they are asked to leave

Quality Power drops 10% on mkt debut; Mirae Asset MF launches two ETFs

Mirae Asset Mutual Fund (MF) on Monday launched two exchange traded funds (ETFs) - BSE Select IPO ETF and BSE 200 Equal Weight ETF

Maharashtra govt working on a dedicated AI policy, developing GCC parks

Fadnavis said that technology will play a crucial role in making Maharashtra a trillion-dollar economy

RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors

50 per cent of depositors can withdraw their entire money