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
Udaan raises $160 million in fresh financing to strengthen balance sheet ahead of IPO plans
B2B e-commerce platform Udaan has announced a proposed financing transaction of about $160 million, comprising fresh equity, new debt and debt-to-equity conversion, as the company looks to strengthen its balance…
Stocks to watch: Why these 16 shares will be in focus today
L&T Technology Services Ltd, a global leader in Engineering Intelligence Solutions & ER&D Consulting Services, today announced a partnership with Anthropic to accelerate Engineering Intelligence by integrating Claude models across…
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…
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…
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