Corporate

SBI emerged as the largest mobiliser of FCNR(B) deposits among all banks.

Updated : Aug 7, 2026

SBI expects to raise $10 billion in FCNR(B) deposits, targets 14-15% credit growth in FY27

SBI has already raised $6 billion in FCNR(B) deposits and expects the total mobilisation to touch $10 billion in the coming months.

A Korean biotech firm is preparing to launch their solution for what is commonly referred to as 'Ozempic face'

Updated : Aug 7, 2026

Weight loss medicines lead to 'Ozempic face'. A Korean biotech company now has a solution

Chief Executive Officer Lee Whan Chul said L&C Bio developed the technology around five years ago and holds patents in South Korea, the United States and China.

Vedanta Aluminium seeks mega loan from three banks

Updated : Aug 7, 2026

Vedanta unit seeks $1.4 billion mega loan from three banks: Report

The proceeds will be used to refinance existing debt inherited by Vedanta Aluminium under the group's earlier integrated corporate structure.

Including Tata Sons, RBI’s upper layer list has 17 NBFCs.

Updated : Aug 6, 2026

Tata Sons listing: Inclusion in RBI’s upper layer NBFC list keeps issue wide open

Tata Sons listing may well be inevitable now that it’s been retained in Reserve Bank’s upper list NBFC list. It will all depend now what decision the RBI takes on its deregistration application.

The winning teams were selected for their solutions spanning aerospace and defense, deep tech, sustainability, and healthcare.

Updated : Aug 6, 2026

Aerospace to medtech: Seven startups secure Boeing backing in fifth BUILD edition

The programme specifically targets 2026 engineering graduates, postdocs, and ideation/pre-seed stage startups with proof-of-concept solutions. Each winning team receives a grant of ₹10 lakh alongside a structured year-long incubation journey.

Tata Sons, the principal investment holding company of the Tata Group, had standalone assets exceeding ₹2 lakh crore as of March 2026, bringing it within the revised threshold.

Updated : Aug 6, 2026

RBI classifies Tata Sons as upper layer NBFC; listing requirement hinges on CIC deregistration

RBI has classified Tata Sons as an Upper Layer NBFC under its revised scale-based regulatory framework, bringing the holding company under stricter regulatory oversight. Its obligation to list on the stock exchanges, however, will depend on the fate of its pending application to surrender its CIC registration.

Gebremariam is widely recognised as one of the most successful aviation chief executives.

Updated : Aug 6, 2026

Why did Tewolde Gebremariam choose Air India over Pakistan International Airlines?

PIA, Pakistan’s official carrier, was sold to a private company last year with a focus on a modernisation and transformation plan. Gebremariam was PIA’s first choice to lead the airline before Air India hired him.

Before taking Air India’s top job, Tewolde Gebremariam was linked to PIA revival

Updated : Aug 6, 2026

Air India's new CEO Tewolde Gebremariam was about to join Pakistan's PIA: Here's what changed

The former Ethiopian Airlines CEO, who has now been appointed as the Managing Director and CEO of Air India, was earlier selected as the preferred candidate to lead Pakistan International Airlines (PIA) after its privatisation process

Updated : Aug 6, 2026

Visa's AI layoffs hit India hard: Why even top performers may no longer be safe at work

Visa employs more than 3,500 people across its Indian technology and corporate centres, but one India-based unit of 28 reportedly lost 10 members and senior directors and engineering managers.

Tata wants to surrender its NBFC-CIC licence

Updated : Aug 6, 2026

Tata Sons remains classified as an upper-layer NBFC: RBI Gov Sanjay Malhotra

RBI Gov Sanjay Malhotra explained that all entities meeting the criteria for upper, middle, and lower layer NBFCs continue to be on the list.

Anil Agarwal recalls Vajpayee's role in Vedanta's London listing (AI generated)

Updated : Aug 5, 2026

'Ladka theek lagta hai...': How Atal Bihari Vajpayee helped Anil Agarwal list Vedanta in London

Agarwal recalled that December 10, 2003, remains one of the most memorable days of his career

HDFC Bank Chairman Rajiv Kumar said cross-selling has strengthened, with over 95% of new-to-bank home loan customers now opening savings accounts with the lender.

Updated : Aug 5, 2026

HDFC Ltd merger is delivering synergies as cross-selling gathers momentum: Chairman Rajiv Kumar

HDFC Bank Chairman Rajiv Kumar said the merger with HDFC Ltd is beginning to translate into tangible business benefits, strengthening cross-selling and customer engagement. He said the bank is well positioned for its next growth phase, supported by technology-led execution and an expanded financial services ecosystem.

Arjun Oberoi, Executive Chairman, The Oberoi Group (left), said the partnership's resorts will be centred on immersive design, personalised service and wellness-driven guest experiences.

Updated : Aug 5, 2026

EIH, Bhartiya Group join hands to develop 20 wellness-focused luxury resorts by 2030

EIH Ltd has partnered with Bhartiya Hospitality to develop 20 wellness-forward luxury lifestyle resorts across India and select international markets. The first three properties, planned for Coorg, Kabini and Hampi, are expected to open by 2030.

There has been a lot of debate for and against the listing within Tata Sons

Updated : Aug 5, 2026

Will Tata Sons have to list under new NBFC framework? There may be some hints from RBI Governor

RBI Deputy Governor Shirish Chandra Murmu said on Wednesday that a new list on upper layer NBFCs on the new principle-based framework will be released very soon

Updated : Aug 5, 2026

Meet Tewolde Gebremariam, Air India's new CEO who transformed Ethiopian Airlines

Tewolde Gebremariam is widely regarded as one of the aviation industry's most successful chief executives

Co-founded in 2019 by Kim Kardashian and Jens Grede, SKIMS said it is redefining the women’s underwear, shapewear and loungewear categories by creating solutions for everybody.

Updated : Aug 5, 2026

Kim Kardashian's SKIMS enters India: Delhi and Mumbai to get first stores, here's what to expect

In a joint release issued on Wednesday, the companies said RBL will operate SKIMS in India across physical and digital channels.

Akasa Air, which has a fleet of 40 Boeing 737 aircraft, will complete four years of operations on Friday.

Updated : Aug 5, 2026

'Want consumers to have more choices': Akasa CEO on govt proposal allowing airport owners to run airlines

The support comes as the government weighs wider competition against conflict-of-interest concerns.

Updated : Aug 5, 2026

₹190 movie tickets? PVR Inox plans affordable cinema halls for smaller towns

PVR Inox Executive Director Sanjeev Kumar Bijli said the next wave of growth will come from these towns, where people are aspirational and want similar facilities as in bigger cities.

The government is selling up to 6.5% stake, or over 82.22 crore shares, in India's largest insurer through a two-day OFS.

Updated : Aug 4, 2026

LIC stake sale: Government exercises green shoe option after institutional book sees robust demand

The government's ₹31,000-crore Offer for Sale (OFS) in Life Insurance Corporation (LIC) witnessed strong institutional demand, prompting it to exercise the green shoe option. Retail investors can bid on Wednesday, with a ₹10 discount to the final discovered price.

Among its key achievements during FY26, HCLTech said it replenished 51 times more water than it consumed, setting a new benchmark in water stewardship.

Updated : Aug 4, 2026

HCLTech features in TIME's World's Most Sustainable Companies 2026 list for second straight year

HCLTech has secured a place in TIME's World's Most Sustainable Companies 2026 list for the second year in a row, emerging as the highest-ranked India-headquartered company in its category. The recognition comes as the IT major continues to post strong financial performance and maintain its FY27 guidance despite a challenging demand environment.

Dabur says '100%' labels comply with law, begins removing claims

Updated : Aug 4, 2026

'Stand by purity of our products': Dabur says it had already started dropping '100%' claims

Dabur says it received FSSAI's prohibitory order on August 3 at 7 pm and is exploring its legal options

Corporate

SBI expects to raise $10 billion in FCNR(B) deposits, targets 14-15% credit growth in FY27

Weight loss medicines lead to 'Ozempic face'. A Korean biotech company now has a solution

Vedanta unit seeks $1.4 billion mega loan from three banks: Report

Tata Sons listing: Inclusion in RBI’s upper layer NBFC list keeps issue wide open

Aerospace to medtech: Seven startups secure Boeing backing in fifth BUILD edition

RBI classifies Tata Sons as upper layer NBFC; listing requirement hinges on CIC deregistration

Why did Tewolde Gebremariam choose Air India over Pakistan International Airlines?

Air India's new CEO Tewolde Gebremariam was about to join Pakistan's PIA: Here's what changed

Visa's AI layoffs hit India hard: Why even top performers may no longer be safe at work

Tata Sons remains classified as an upper-layer NBFC: RBI Gov Sanjay Malhotra

'Ladka theek lagta hai...': How Atal Bihari Vajpayee helped Anil Agarwal list Vedanta in London

HDFC Ltd merger is delivering synergies as cross-selling gathers momentum: Chairman Rajiv Kumar

EIH, Bhartiya Group join hands to develop 20 wellness-focused luxury resorts by 2030

Will Tata Sons have to list under new NBFC framework? There may be some hints from RBI Governor

Meet Tewolde Gebremariam, Air India's new CEO who transformed Ethiopian Airlines

Kim Kardashian's SKIMS enters India: Delhi and Mumbai to get first stores, here's what to expect

'Want consumers to have more choices': Akasa CEO on govt proposal allowing airport owners to run airlines

₹190 movie tickets? PVR Inox plans affordable cinema halls for smaller towns

LIC stake sale: Government exercises green shoe option after institutional book sees robust demand

HCLTech features in TIME's World's Most Sustainable Companies 2026 list for second straight year

'Stand by purity of our products': Dabur says it had already started dropping '100%' claims

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