msmenews.sbs

All
FINANCE
BUSINESS

RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks

AIMPWAMarch 13, 2025

The Reserve Bank of India (RBI) may prefer a public sector banker as a replacement for IndusInd Bank’s current chief Sumant Kathpalia, according to industry sources. RBI recently gave its approval for Kathpalia’s re-appointment as MD & CEO only for a year (from March 24, 2025 till March 23, 2026) despite the Bank’s Board seeking...

Exploration licence auction for 13 mineral blocks on Thursday

AIMPWAMarch 12, 2025

India’s Mines Ministry will launch the country’s first ever auction of exploration licences on Thursday, ahead of putting 13 blocks on sale to tap mineral resources like zinc, diamond and copper. In the first phase, the exploration licence blocks will cover zinc, diamond and copper, through an online bidding process. The auction will be launched...

Banks offload ₹12,700 crore Jaiprakash loans to NARCL in landmark deal

AIMPWAMarch 12, 2025

In a landmark move, a consortium of 25 banks led by State Bank of India (SBI) has executed the transfer of ₹ 12,700 crore worth stressed loans belonging to Jaiprakash Associates Ltd (JAL) to National Asset Reconstruction Company Ltd (NARCL), which is known as country’s ‘bad bank’. The completion of the transfer done in a...

FIIs cut stake in IndusInd, DIIs stock up; CEO, Dy CEO offload shares

AIMPWAMarch 12, 2025

Foreign portfolio investors pared their stake in IndusInd Bank stock by over 16 percentage points in 2024 in the runup to the current disclosures by the bank, while its CEO and Deputy CEO were also offloading shares over the last two years, data showed. Over several months in 2023 and 2024, Chief Executive Officer and...

Renewable Energy Share To India’s Electricity Generation Reaches 22% In 2024-25: Minister Naik

AIMPWAMarch 12, 2025

New Delhi, Mar 12 (KNN) The renewable energy sector’s contribution to India’s total electricity generation has reached 22.49 percent in the 2024-25 fiscal year (until January), according to information provided by the Union Ministry of New and Renewable Energy to the Rajya Sabha on Tuesday. Shripad Yesho Naik, Union Minister of State for Renewable Energy,...

Baroda BNP Paribas MF targets ₹98,000 crore AUM in 3 years

AIMPWAMarch 12, 2025

Baroda BNP Paribas Asset Management targets to double its assets under management (AUM) to ₹98,000 crore in next three years on the back of robust growth achieved by the fund house in last three years. The fund house has managed to double its AUM in the last three years to ₹49,000 crore against ₹21,000 crore...

RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks

AIMPWAMarch 13, 2025

Donald Trump Jr. has been boosting MAGA-related startups

AIMPWAMarch 12, 2025

Since Donald Trump Jr. joined VC firm 1789 Capital after his father won the election, he’s been busy monetizing the Make America Great Again (MAGA) ecosystem. He’s been making bets in media, pharmaceutical, guns, and crypto while pushing against environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI), the Financial Times reported. The...

Banks offload ₹12,700 crore Jaiprakash loans to NARCL in landmark deal

AIMPWAMarch 12, 2025

Food delivery startup Wonder acquires media company Tastemade for $90M

AIMPWAMarch 12, 2025

Food delivery startup Wonder is acquiring media company Tastemade for around $90 million, according to The Wall Street Journal. Founded in 2021, Tastemade produces food, travel, and home videos and operates several free, ad-supported streaming television (FAST) channels. The acquisition gives Wonder access to a content studio, production company, and advertising business. Wonder will leverage...

RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks

AIMPWAMarch 13, 2025

Exploration licence auction for 13 mineral blocks on Thursday

AIMPWAMarch 12, 2025

Raw sugar futures rise, coffee prices weaken

AIMPWAMarch 12, 2025

(Includes comments and closing prices) NEW YORK, March 12 (Reuters) – Raw sugar futures rose on Wednesday, supported by dry weather in Brazil and weaker production outlooks in India and Thailand, while coffee prices fell. * Raw sugar futures settled up 0.19 cent, or 1%, at 18.86 cents per lb. * Dealers said there was...