After building India's second-largest bank, Aditya Puri is set to impact other sectors

SBI Cards and Payment Services, the credit card arm of SBI, has delivered a massive return of 117 per cent over the last nine months, from its 52-week low of Rs 495.25 as on May 22, 2020

To emerge stronger, it is important for us as a country to bridge the gap between policy announcements and their implementation by strengthening and empowering institutions to bolster economic growth

After a virtual meet on Wednesday, the OPEC+ joint ministerial panel made no mention of changing policy, which calls for most members to hold supply steady in February and top exporter Saudi Arabia to cut output voluntarily by 1 million barrels per day this month and next

The transaction, which is subject to customary regulatory approvals, consists of a secondary sale from existing shareholders of Indegene and a primary investment into the company

SBI Cards & Payments had earlier seen its gross NPAs doubling to 4.29 per cent in the second quarter (July-Sept) of 2020-21. The gross NPAs stand at 1.61 per cent of gross advances in December 2020 as against 0.83 per cent a year ago

The 70-year-old Aditya Puri, who spent over two-and-a-half decades as CEO & MD, banked on risk mitigation, technology and retail/rural outreach to create India's second-largest bank from scratch

US-based private equity major Blackstone Group Inc will pay an upfront amount of  $850 million to take over the management and ownership of Piramal Glass

So far, the promoter SBI has committed the highest amount of Rs 13,000 crore followed by Central Bank of India, Punjab National Bank, HSBC, Bank of Baroda and Sumitomo Mitsui Banking Corporation

They have also introduced new offers including discounts on processing fees or special benefits for women buyers to attract home buyers

Coronavirus cases in India:The national recovery rate has improved to 91.68 per cent, while the active cases comprise 6.83 per cent of total caseload

Air pollution in Delhi: The central agency added around 3,216 farm fires were reported across Punjab, Haryana, Uttar Pradesh and Uttarakhand

Puri will help Carlyle identify evolving market landscape and new opportunities and will also mentor Carlyle's investment professionals; in Asia, major Carlyle investments include stakes in SBI Cards and Piramal Pharma and Mcdonald's China

In the banking sector, Uday Kotak said it is 'ripe for significant structural change'. According to Kotak, the market share of private sector banks in India will rise to about 50 per cent from the current 35 per cent over the next decade

Piramal Enterprises has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board

The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms

India Stock Market Highlights Today: Titan, ONGC, Bajaj Auto, Maruti, Reliance Industries, HUL and UltraTech Cement were among the top gainers. On the other hand, Bajaj Finance, followed by Bajaj Finserv, IndusInd Bank, ICICI Bank, Kotak Bank and Axis Bank were among the top losers today

About 3-4 deals are believed to be nearing conclusion and will be announced in the next one month. They include funds from Middle East like Mubadala

India Inc. must brace up for large-scale ratings downgrade, defaults and assets sale

Nandini Piramal has taken the group's pharma OTC business from Rs 127 cr to Rs 418 cr