IndiGo's engine suffers mid air due to bird hit

Tariffs hit US Amazon sellers; curb discounts

ICICI Bank announces proposal to buy 2% additional stake in ICICI Prudential AMC ahead of IPO

ICICI Bank, in a disclosure to the stock exchanges on Wednesday, announced its plans to buy an additional 2% stake in its subsidiary ICICI Prudential Asset Management Company (AMC), ahead of the latter’s initial public offering (IPO).ICICI Prudential AMC has submitted its Draft Red Herring Prospectus (DRHP) dated July 8, 2025, to the Securities and Exchange Board of India (SEBI), BSE, and the National Stock Exchange of India (NSE) for a proposed IPO.The offering consists of an offer for sale (OFS) of equity shares by Prudential Corporation Holdings Limited (PCHL), representing up to 10% of the Company's equity share capital. The IPO, including the size of the OFS, will be subject to market conditions, necessary approvals, and other relevant factors.Additionally, on July 8, ICICI Bank ent

Companies opt for direct market borrowings

Keep interest rates reasonable: FM to NBFCs

Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NBFCs and banks, especially through co-lending arrangements for providing loans to the priority sector. "Financial inclusion cannot be used as a pretext for financial exploitation," she said, adding that the lending should be based on the genuine needs and repayment capacity of customers. Loans should not be aggressively mark

India has staggering 80% market share in global index, stock options: Uday Kotak

Kotak Mahindra Bank's founder and Director Uday Kotak on Wednesday said that India’s share in the number of contracts in index and stock options is a staggering 80% of the world.Today, Kotak shared a graph on his official X handle to drive home the point. <blockquote class="twitter-tweet"><p lang="en" dir="ltr">India’s share in number of contracts in index and stock options is a staggering 80% of the world! <a href="https://t.co/QSdSve5Fq4">pic.twitter.com/QSdSve5Fq4</a></p>&mdash; Uday Kotak (@udaykotak) <a href="https://twitter.com/udaykotak/status/1942912307883069596?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The comment follows

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per cent were allocated to three domestic mutual funds, which have applied through a total of four schemes. These three domestic mutual funds are Tata Mutual Fund, Baroda BNP Paribas and Trust Mutual Fund. Other investors are Axis New Opportunities AIF - Series II, SBI General Insurance Company Ltd, Aditya Birla Sun Life Insurance Company Ltd, Buoyant Opportunities Strategy II, Societe Generale, among others. Smartworks Coworking Spaces will hit the c

Did a fuel switch error cause Air India crash?

SBI asked to pay refund with interest for ATM fraud

Get home loan rates from 7.35%, FD rates up to 7.35%