Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. Photograph: Francis Mascarenhas/Reuters The board of the bank on Friday approved purchase of
India’s forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the reserves had jumped by $2.29 billion to
India posted a current account surplus of $13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with $4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according
Notably, four portfolio companies– Agnikul, ePlane, CynLr, and GalaxEye — of deep-tech investor Speciale Invest have made it to the list. Kindly note this illustration generated using Microsoft Copilot is only posted for representational purposes. Ten Indian startups working on
Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Photograph: Kind courtesy, Herman Jansen Herman will focus
Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan’s plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical
Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. Illustration: Uttam Ghosh/Rediff
Rallying for the third consecutive session, equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, powered by intense buying in market heavyweights HDFC Bank, Reliance Industries and ICICI Bank as geopolitical tension in the Middle East
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. Photograph: Amir Cohen/Reuters The Adani group, Vedanta, Jindal Steel & Power, Dalmia
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. Illustration: Uttam Ghosh/Rediff The World Economic Forum study, released at its Annual Meeting of New Champions in China’s Tianjin, also said
