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BMS opens Mumbai tech hub to scale AI and data operations

New Delhi, June 24 -- Insurance and re-insurance broker BMS launched a Global Capability Centre (GCC) in Mumbai on Monday, positioning the facility as a core engine for its data, analytics and artific... Read More


Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

New Delhi, June 24 -- Axis Bank has priced its $300 million Senior Unsecured Notes due 30 June 2031 at a fixed rate of 5.348 per cent. The aforementioned obligation was issued under the Axis Bank Ltd... Read More


Honasa shares slip 3% after it announces acquisition of nutraceuticals maker Fluence Pharma

New Delhi, June 24 -- Shares of Honasa Consumer Ltd fell 3.07 per cent to Rs.407 on Wednesday on the NSE, a day after the Mamaearth parent announced the acquisition of a majority 58 per cent stake in ... Read More


Zydus Wellness sets up EU subsidiary in Ireland to expand vitamins business

New Delhi, June 24 -- Zydus Wellness Ltd has incorporated a wholly-owned subsidiary in Ireland, marking the company's first direct presence in the European Union for its vitamins, minerals and supplem... Read More


Challenging times: Value of top-500 privately held cos fall 11% to $3.4 trillion

New Delhi, June 24 -- The value of top-500 privately held companies in India has fallen 11 per cent last year to $3.4 trillion against $3.8 trillion logged in 2024 on the back of challenging times acr... Read More


RBI finalises Rs.1 lakh cr & above as asset size criteria for classifying a NBFC in Upper Layer

New Delhi, June 24 -- The Reserve Bank of India (RBI) has finalised Rs.1 lakh crore and above as the asset size criteria for classifying a Non-Banking Financial Company (NBFC) in the Upper Layer (UL).... Read More


RBI enhances customer protection for electronic banking transactions

New Delhi, June 24 -- To enhance protection for customers, the Reserve Bank of India has asked banks to put in place a mechanism for compensation of up to Rs.25,000 for small value fraudulent electron... Read More


G-Secs rally on RBI Guv's 'it is premature to talk about a rate hike' comments; Brent crude oil price fall also lends support

New Delhi, June 24 -- Government securities (G-Secs) rallied on Wednesday as RBI Governor Sanjay Malhotra said it is premature to talk about a rate hike and Brent crude oil price fell to below $76 a b... Read More


India pharma sector shifts from generics to high-value innovation and biologics

New Delhi, June 24 -- The pharmaceutical sector is undergoing a strategic shift from volume-driven expansion to high-value global competitiveness, with increasing emphasis on quality, innovation and t... Read More


Supra Pacific Financial Services targets 500-branch expansion and Rs.2,500 crore asset base

New Delhi, June 24 -- Supra Pacific Financial Services, a leading Non-Banking Financial Company, plans to open 500 branches across 15 states over the next three years, with a target to build an asset ... Read More