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RBI Governor says it’s not regulator’s job to take decisions for bank boards

Stressing that Indian banks are far more mature today than they were a decade ago, RBI Governor Sanjay Malhotra said on Friday that the Central Bank does not aim to micromanage things, adding that no regulator should substitute for boardroom…

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Tiger Global exits Ather Energy, selling entire stake for Rs 1,204 crore

Tiger Global has exited Ather Energy, selling its entire 5% stake for Rs 1,204 crore through open market transactions. This move follows the end of the post-listing lock-in period for pre-IPO investors. Ather Energy recently reported a 79% surge in…

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India’s AI adoption growing at record pace, momentum tripled year-over-year: OpenAI’s Oliver Jay

OpenAI’s Managing Director for International Strategy, Oliver Jay, announced that AI adoption in India has tripled year-over-year, driven by a young, tech-eager population. He highlighted India’s leading role in adopting next-generation AI and praised its engineering talent, noting the upcoming…

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RBI moving with caution, but need for courage led to easing of bank norm: Malhotra

Reserve Bank Governor Sanjay Malhotra emphasized a cautious yet courageous approach to easing banking norms, citing improved performance and governance. He assured that the RBI possesses ample tools to manage risks and does not intend to micromanage. Recent measures aim…

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Bharti Airtel shares drop following Singtel-related block sale

The stock of Bharti Airtel went down about 4.48 per cent in intra-day trading on Friday, reaching a low of Rs 2,001, following the trading of 5.1 crore shares in the block deal window, with Singapore Telecommunications (Singtel) as the…

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Cummins India logs 42% rise in Q2 net profit to ₹638 crore

The company’s domestic sales stood at ₹2,577 crore, increasing 28 per cent year-on-year and 10 per cent sequentially.

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