Aditya Birla Capital Ltd (ABCL) has made a significant investment in its health insurance arm, Aditya Birla Health Insurance Co. Ltd (ABHI), to meet regulatory requirements. The ₹123.89 crore investment aims to support ABHI in maintaining its solvency margin requirements, a crucial regulatory threshold for insurers.
Punjab & Sind Bank is set to expand its business to ₹4 lakh crore by FY29, driven by a digital transformation project and focus on technology and digital lending. The bank aims to improve efficiency and growth, positioning itself for sustainable growth in the Indian banking sector.
India’s Anant Raj Limited is set to demerge its data centre arm into a separately listed company, marking a significant move in the country’s growing digital infrastructure sector. The company aims to achieve a total capacity of 307 MW by FY32 with a planned capital expenditure of approximately USD 2.1 billion.
The Indian stock market declined for the second consecutive day due to rising crude oil prices and geopolitical tensions. The Nifty 50 settled at 24,187, down 50 points or 0.21 per cent, while the Sensex fell 238 points to close at 77,470. The Auto sector led the rally, with Bajaj Auto and TVS Motor reporting strong quarterly numbers.
The ITAT Pune grants relief to a retired PSU employee who claimed tax exemptions despite not having it reflected in his Form 16. Learn about the importance of statutory entitlements and how to claim tax exemptions.
Discover the latest market trends as futures open interest surges for top Indian banking stocks, including Axis Bank. Learn how this significant development impacts the market and what it means for investors.
Karur Vysya Bank has reported a significant surge in its Q1 net profit, rising 45% to ₹756 crore driven by robust growth in net interest income and improved net interest margin. Learn more about the bank’s strong earnings and growth trajectory.
The National Stock Exchange (NSE) has launched the Nifty 500 Ahimsa Index, a benchmark for cruelty-free investing in India. This index aligns with Ahimsa principles and excludes companies that harm animals, providing a clear alternative for ethical investors.
Lotus Petal Foundation has launched a ₹1 crore ZCZP bond issue on the BSE Social Stock Exchange, marking a significant milestone in the growth of the social stock exchange. The bond issue aims to fund one year of education for 160 students at Lotus Petal Senior Secondary School.
HDFC Bank shares experience a significant dip of over 5% as Q1 earnings fail to meet investor expectations, particularly concerning net interest margins. Market valuation erodes by Rs 64,685.58 crore.
