Banking And Finance
Fairfax to acquire IDBI Bank stake in $5.5 billion deal, biggest foreign investment in Indian bank
Mumbai: The government has finalised for the sale of its stake in after the Canadian firm sweetened its offer, people aware of the development said. The decision was made Tuesday…
RBI amends bank board governance norms, new rules to kick in from Oct 1
Mumbai, The Reserve Bank on Tuesday came up with the final amendments to the ‘matters to be placed before bank boards’ aimed at enhancing at lenders. The new rules will…
ITR filing 2026: Think twice before claiming fake tax deductions — You could land in prison, face penalties
Every year, many taxpayers are tempted to inflate or falsely claim deductions in their income tax returns to reduce their tax liability. This could include claiming deductions for investments that…
EPFO automates PF transfer after job switch — Does it benefit private or exempted PF trust members?
EPFO has made it easier for employees to transfer their provident fund balance after they switch employers. The entire process is expected to become automatic for Aadhaar-linked and KYC-compliant Universal…
Market
Kusumgar IPO listing date today. GMP, experts signal strong debut of shares on BSE, NSE
Kusumgar IPO Listing: Kusumgar shares are set to get listed in the Indian stock market today, after its initial public offering (IPO) received stellar demand. Kusumgar IPO listing date is…
Mylan exits Biocon, sells entire 5.64% stake for ₹3,679 crore via block deals
Mylan Inc, a part of global healthcare company Viatris, on Tuesday exited Biocon Ltd by selling its entire 5.64 per cent stake for Rs 3,679 crore through open market transactions.…
Gold, silver prices today: Comex gold and silver rebound as softer US inflation eases Fed rate hike fears
Gold and silver prices rebounded on Tuesday, 14 July, as softer-than-expected US inflation and a sharp decline in crude oil prices boosted sentiment for safe-haven assets, prompting investors to return…
Govt reviews fresh bids for IDBI Bank as stake sale process gathers pace
A top government panel held meetings on Monday to review revised financial bids from Emirates NBD and Fairfax Financial Holdings Ltd and decide the next steps in the long-pending strategic…
Market
Hero MotoCorp’s EV investing strategy meets its first setback
Hero MotoCorp’s decade-long strategy of taking minority stakes in electric vehicle (EV) startups has produced both a spectacular winner and its first major setback. The country’s largest two-wheeler maker has…
AI hiring shifts to value maxing from token maxing
Boasting about using billions of tokens or writing thousands of prompts is no longer enough to land a job in the artificial intelligence (AI) space. If anything, it could be…
Why Indian homes are changing IKEA’s global playbook
As the Swedish home furnishings retailer Ikea prepares to invest more than ₹20,000 crore to expand its footprint in the country, it is learning that the Indian home works very…
Sprng, a new thread in Grasim’s growth story as Birla’s flagship
Mumbai: The $1.8 billion acquisition of Sprng Energy by Aditya Birla Renewables brings the spotlight on Grasim Industries, the Aditya Birla Group’s flagship holding and incubation company. Once known primarily…
Axis
