Bs Reporter

IndusInd Bank to hire independent firm to probe derivatives discrepancies

The firm will assess the correctness and impact of accounting treatment of derivative contracts in accordance with prevailing accounting standards, identify any lapses, and establish accountability

Nine injured at Tata Steel Kalinganagar plant, no impact on production

The medical team is currently attending to the injured and has confirmed that everyone is now out of danger

Tamil Nadu DGP releases handbook for investigations into crypto cases

Jiwal emphasised the importance of the handbook in equipping investigators with the necessary expertise to handle crypto cases effectively

Bank employee strike scheduled for March 24-25 postponed by 1-2 months

The joint secretary of the DFS spoke on video call and informed about the positive discussion the Finance Minister and the DFS secretary had on the issue of five-day banking

Sebi considers easier IFSC access for brokers operating from Gift City

In a consultation paper released on Friday, Sebi outlined plans to allow stock brokers to conduct securities market activities in Gift-IFSC through a separate business unit

Sebi extends RPT disclosure deadline by 3 months, now effective from July 1

The decision follows feedback from stakeholders requesting more time to adapt to the Industry Standards

Snowflake collaborates with Nasscom to equip 100,000 learners in India

Through this collaboration, Snowflake and Nasscom are addressing the critical skills gap by providing access to training and resources

Advanced economies overtake Gulf nations in share of remittances to India

Advanced economies such as the US, the UK, Singapore, Canada, and Australia together accounted for more than half of India's remittances in FY24, reflecting a shift in migration patterns

Hindalco unveils new identity, tagline to mark transformation strategy

K M Birla, chairman of the Aditya Birla Group, at the event also reiterated plans to invest Rs 45,000 crore in next-generation high-precision engineered products

Hindustan Unilever board okays acquiring 14.3% stake in Lucro Plastecycle

Lucro is a waste management, recycling, and product manufacturing company working to create a circular plastics economy

Centrico Insurance Repository to offer insurance repository services to LIC

The insurance repository system, introduced by the regulator, provides policyholders with a facility to keep insurance policies in electronic form and make changes

RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19

As ED, Bhattacharyya will oversee the department of economic and policy research

Derivatives inclusion puts Hindustan Zinc, PNB Housing, Inox Wind in focus

Already, Hindustan Zinc and Inox Wind have rallied over 10 per cent each since March 6, when NSE issued a notification pertaining to their futures and options (F&O) inclusion

Global Capability Centers salaries poised to grow 9.8% over next 12 months

The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity

Journalist's work fortifies foundation of democracy: Ex-CJI Chandrachud

"Attention has emerged as tangible asset in 21st century, a new intellectual property," Chandrachud said in his the keynote address at 25th BS-Seema Nazareth Award for Excellence in Journalism, 2024

AI startup Fractal announces strategic investment of $20 mn in Asper.ai

The funding aims to power Asper's next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe

Nawaz Modi Singhania steps down as director from the Raymond board

We thank Nawaz Modi Singhania for her services as a board member over the years, says Gautam Singhania

MICL launches Avaan Tower 2, pegs success on tallest tower in country

Manan Shah, MD at MICL, said that the project will offer 3, 4, and 5 BHK ultra-luxury residences, ranging from 1,300 to 3,282 sq ft carpet area, priced between Rs 24 crore and Rs 35 crore

Hyundai Motor India announces up to 3% price increase from April 2025

The company announced the price increase owing to rising input costs, increased commodity prices, and higher operational expenses, among other reasons

Uber India cuts losses by 71% to Rs 89 crore in FY24, revenue jumps 41%

The total expenses of the company which competes with Ola, Rapido for the fiscal were reported as Rs 3,977 crore