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Capri Global Capital raises Rs 2000 Crore through QIP; ICICI Prudential, Blackrock among buyers

Capri Global Capital has raised about Rs 2000 crore through Qualified Institutions Placement. In an exchange filing, the company said that it has allotted  13,65,18,770 equity shares to Qualified Institutional Buyers. The company allotted the equity shares at an issue price of Rs 146.50 per equity share, including a premium of Rs 145.50 per equity

Happiest Minds appoints Anand Balakrishnan as New CFO

Happiest Minds Technologies has appointed Anand Balakrishnan as its new Chief Financial Officer (CFO). Anand Balakrishnan will report directly to Managing Director Venkatraman Narayanan.  Anand brings with him more than 20 years of experience in finance, accounting, and business strategy. He has previously held leadership positions at companies like Marsh McLennan (formerly JLT), GE Healthcare

Tata Power’s big renewable power bet: 4 key highlights investors can’t miss from the annual report

Tata Power has reached a total energy generation capacity of 15.73 GW, while it has a 9.94 GW capacity under construction, the company said in its annual report released on Wednesday. The company is betting big on renewable energy, and it has added 1 GW of renewable energy capacity.  ALSO READGovt mulling domestic production of rare

Top Indian bankers may see 9% salary hikes, earning 37% more than Singapore, Hong Kong peers

Senior investment bankers in India earn significantly more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence. The analysis, based on a survey conducted by recruiter Michael Page, revealed that investment banking heads and directors in India’s key financial centers — such as Mumbai and GIFT City — are paid 24 per

JSW Steel records 8% YoY growth in May production volume to 22.73 lakh tonnes

JSW Steel on Monday released its monthly business update wherein it recorded consolidated steel production for the month of May 2025 at 22.73 lakh tonnes. This was 8 per cent higher as compared with production volume of 20.98 lakh tonnes reported in May 2024. Indian operations, JSW Steel said in a regulatory filing, produced 21.94

Centre appoints Sat Pal Bhanoo as LIC’s interim CEO, MD for 3 months

The Government has appointed LIC Managing Director Sat Pal Bhanoo to the role of CEO and MD for three months starting Sunday. The announcement came hours after Siddhartha Mohanty completed his tenure at the helm and efforts remain to secure a more permanent replacement. The instructions were conveyed to the Life Insurance Corporation of India

ICAI to name statutory auditors for co-operative banks soon

The Institute of Chartered Accountants of India (ICAI) is set to suggest names of the chartered accountant (CA) firms to National Bank for Agriculture and Rural Development (NABARD) for appointment/re-appointment as statutory auditors of State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) for FY26. A senior official told FE that the applications of the

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their
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Can you legally claim both HRA and home loan interest deduction in ITR? Here’s what income tax rules say

ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay

Adani Total Gas partners Jio-BP: Can it boost retail fuel sales?

In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total

Markets close higher for 2nd straight session. Nifty ends near day’s high, Sensex up 700 points – 5 key highlights

Indian equity markets ended higher in Wednesday’s session on a higher note, near day’s high, as the geopolitical tension between Iran and Israel eased.  The Nifty 50 closed the session 200 points or 0.80% higher at 25,244, the Sensex rose 700 points or 0.85% to end at 82,755.  In line with the overall bullish market

Which are the most affordable cities to buy a home in India in 2025? Here’s how much you pay in EMIs

In the wake of RBI repo rate cuts in the last around 6 months, the affordability of homes for buyers has improved across eight major cities in the country in the first half of this year, according to a report. According to Knight Frank India’s latest Affordability Index for H1 2025, housing affordability has improved

Novo Nordisk eyes Rs 8,600 crore India sales with weight-loss drug Wegovy

Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India