ICICI Bank, India’s second-largest private sector lender, has raised $750 million through a five-year US dollar bond, taking its total dollar debt fundraising to $2.05 billion in about a month. The latest issue, raised through the bank’s International Financial Services Centre Banking Unit, was priced at a spread of 105 basis points over the five-year…
Tata Consultancy Services (TCS), India’s largest IT services company, has launched its agentic AI platform, TCS ADD™ AgentHub, aimed at scaling the use of artificial intelligence in drug development. According to the company, the platform is designed to transform clinical trials and pharmacovigilance services while maintaining regulatory and audit requirements. TCS said pharmaceutical companies face…
The Reserve Bank of India (RBI) has proposed a streamlined, one-time approval mechanism allowing eligible institutional investors to increase their stakes in commercial banks without seeking fresh regulatory clearance for every transaction. Under current rules, mutual funds, insurance companies, and pension funds must get prior RBI approval whenever acquiring a major shareholding of 5% or…
Larsen & Toubro (L&T) is set to establish what is described as India’s largest Nvidia B300 AI factory at Vyoma’s data centre campus in Chennai for AI company Together AI. The facility will house 10,000 Nvidia B300 GPUs and is designed to support Together AI’s AI-native cloud platform for large-scale artificial intelligence training, fine-tuning and…
Central Bank of India Mobilises $250 Million Under FCNR(B) Window State-owned Central Bank of India has mobilised $250 million under the Foreign Currency Non-Resident (Bank) or FCNR-B window introduced by the Reserve Bank of India (RBI), significantly exceeding its internal July target of $100 million. Central Bank of India Managing Director and CEO Kalyan Kumar…
Billionaire businessman Gautam Adani’s nearly two-year legal battle in the United States has reached a major turning point, with a US court dismissing the criminal case against him and two other individuals. US District Judge Nicholas Garaufis on August 10 dismissed the criminal indictment against Gautam Adani, his nephew Sagar Adani and Adani Green Energy…
Lenskart Solutions has crossed the ₹1 trillion market-capitalisation mark after its shares touched a new high, highlighting strong investor interest in the eyewear retailer. At 12:39 pm on Monday, the company’s market capitalisation stood at around ₹1.01 trillion, according to exchange data. The stock has gained about 19% over the past three months, significantly outperforming…
State Bank of India (SBI), the country’s largest public sector bank, reported a strong financial performance for the first quarter of FY27, with net profit rising 10.23 per cent year-on-year to ₹21,121 crore. The bank had posted a net profit of ₹19,160 crore in the same quarter last year. On a sequential basis, SBI’s profit…
HFCL has approved a capital expenditure of approximately Rs 400 crore to further expand its optical fibre (OF) and optical fibre cable (OFC) manufacturing capacities, strengthening its position to meet rising global demand. The expansion will be funded through a mix of internal accruals and debt and is expected to be completed by July 2028….
The Food Safety and Standards Authority of India (FSSAI) has prohibited Dabur India Ltd from selling several food products carrying misleading ‘100 per cent’ claims, stating that such labelling practices violate food safety regulations. The regulator issued the order against products including honey, cow ghee, edible oils, apple cider vinegar, virgin coconut oil, sesame oil,…
