Bs Reporter

IndusInd submits MD & CEO candidate list to RBI before 30 June deadline

Private lender IndusInd Bank has submitted three names for the MD & CEO role to the RBI after senior exits, with Axis Bank's Rajiv Anand reported to be the top choice

Meta on way to use Sebi's filter to weed out unregulated advisors

In March earlier this year, Sebi had directed all intermediaries to register with platform providers such as Google and Meta for publishing advertisements

Ganesh Mani to take charge as Switch India CEO, effective September 1

The company said that its current CEO, S Mahesh Babu, has decided to step down from his position to pursue opportunities outside the group, effective August 31, 2025

HCLTech, OpenAI collaborate to drive large-scale enterprise AI adoption

HCLTech signs multi-year collaboration with OpenAI to drive enterprise adoption of generative AI, embedding models across platforms and internal operations

Accenture LearnVantage, IIT Madras team up to skill talent for SDV domain

Accenture LearnVantage and IIT Madras's CAAR launch training programme to equip OEMs and GCCs with talent for building software-defined vehicles across key systems

Ample Parks launches 71-acre industrial park in Mahindra World City

With Rs 800 crore investment, Ample Parks unveils Chennai park with 2.1 mn sq ft leasing space and eyes 10x expansion across tier 1 and 2 cities in 5-7 years

Art and science of central banking: RBI governors since 1991 reforms

While the liberalisation led to higher economic growth, it didn't leave the subsequent governors without any challenges

Karnataka Bank's MD, ED resign; bank forms panel to find replacements

Following the departure of the MD&CEO and ED, the bank has formed a search committee to identify suitable candidates for both roles

Tata Sons, Trusts to set up a new Trust for long term care of AI victims

Chairman N Chandrasekaran told Tata Sons' board that a dedicated trust will be created with Tata Trusts to provide long-term support to victims' families

MSME credit top Rs 40 trillion as of March 2025, grows 20% annually

The increase has been primarily driven by strengthened priority sector lending (PSL) norms, targeted government initiatives, and increased digitalisation

Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman

The minister who was in GIFT City, Gandhinagar for a high-level review of the IFSC's progress, emphasised the need to make it competitive

Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids

Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day

Zohran Mamdani's NYC mayoral win draws sharp political reactions in India

Congress and BJP leaders criticise Mamdani for past comments on Modi, Ayodhya, and 2002 riots after his Democratic primary win for New York City mayor

Private equity flows into Indian real estate fall 41% in H1 CY25: Report

Amid global macroeconomic headwinds, PE flows into real estate fell to USD 1.7 billion in H1 CY25, with rising domestic capital and office segment resilience

Arkade acquires redevelopment project in Goregaon, eyes ₹350 cr in revenue

The 1.1-acre Goregaon West society deal marks Arkade's fifth project in the micro-market as it deepens redevelopment focus in Mumbai's western suburbs

Netherlands-based firm Prosus sees IPO upside in India as portfolio matures

With $6.5 billion in Indian assets, the Dutch firm eyes near-term returns from listings, including Urban Company and BlueStone, amid sustained tech investment

HDB Financial Services raises ₹3,369 crore through anchor allotment

The prominent institutional investors who participated in the anchor allotment included Life Insurance Corporation, ICICI Prudential Mutual Fund, Nippon Life, and Goldman Sachs Funds, among others

India praises US, Qatar role in Iran-Israel truce, urges stability

India says there is no alternative to diplomacy to resolve conflicts and expresses readiness to support peace efforts following Iran-Israel ceasefire reports

HCLTech, AMD launch innovation labs, training to fast-track enterprise AI

HCLTech and AMD partner to build innovation labs and enterprise training modules that combine AMD chips with HCLTech's expertise in digital transformation and AI

Jeffrey Mark Overly appointed new chairman of auto parts maker Sona Comstar

Overly, an independent director since 2021, brings over four decades of global manufacturing experience to the role following the passing of former chairman Sunjay Kapur