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BS Manthan: Top leaders to discuss India's global position on Feb 27-28

FM Sitharaman, Piyush Goyal, Ashwini Vaishnaw, Bhupender Yadav among those who will discuss India's position in a new world order at the second edition of Business Standard Manthan

Reserve Bank of India for foreclosure of biz loans to MSEs, individuals

The RBI has invited comments and feedback from stakeholders and the public on the draft circular by March 21

India ranked second-least favoured in Asia Pacific, says BofA survey

Japan remains the clear favourite in the region, followed by Taiwan

Striking Samsung India workers call for massive protests on March 8

This comes a day after the management suspended 14 more union members

Vedanta declared preferred bidder for diamond block in Madhya Pradesh

It said it is the highest bidder with a final price offer of 1.10 per cent

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

Demerger gets approval from creditors and shareholders, says Vedanta

Vedanta said the resolution was passed with 99.99 per cent of those participating, voting in favour of the resolution

Burman family acquires control, becomes promoter of Religare Enterprises

The Burman Group will work with Religare Enterprises' leadership and board to reinforce its strategic direction and enhance long-term value creation

Govt should bear higher premium for increased deposit insurance: AIRBEA

Currently, with coverage being for Rs 5 lakh, 97.8 per cent of the total number of deposit amounts are fully protected. However, in terms of value only 43.1 per cent of the deposits are insured

BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project

Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases

Uday Kotak expresses concern on excessive financialisation, protectionism

He emphasized the need for India to improve productivity, avoid excessive protectionism and increase manufacturing as a percentage of GDP

Sectoral growth, tech to power India's $23-35 trn 'Economic Vision': Report

By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent

IPO corner: Hexaware Technologies defies expectations, gains 8% on debut

The listing gains were surprising, given the lukewarm response to its Rs 8,750-crore initial public offering (IPO)-the largest ever for an IT services company in India

Ex-employee alleges IT services company TCS misused US visa system

Says IT firm misrepresented job roles to send more employees

Entire claims settled by deposit insurer was for co-op banks in FY24

Over 90% of the insured are co-op banks

360 ONE Asset to acquire 15% stake in Bharti AXA, help in mkt expansion

The transaction is subject to regulatory approvals

ABB India Oct-Dec quarter net profit rises 56% to Rs 528.41 crore

In its press release, the company stated that the full year saw its highest-ever order book of Rs 13,079 crore and revenue of Rs 12,188 crore

JK Tyre India President Anuj Kathuria resigns citing personal reasons

Kathuria had joined JK Tyre in 2022, and is an automotive industry veteran who has worked in senior positions in Ashok Leyland and Tata Motors prior to joining JK Tyres

Sebi issues comprehensive T&C for clients of investment advisors, analysts

The MITC, a two-page document, has been standardised by Sebi in collaboration with the respective industry standards forums for IAs and RAs

State Bank of India opens 0.63 mn accounts under Har Ghar Lakhpati scheme

Most of these accounts were opened with zero balance. Through continuous engagement with customers, the bank now has the lowest number of zero-balance Jan Dhan accounts, he added