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The bank has named former Dream Sports executive and investment banker Raj Rathi to lead the M&A business in India. Citigroup Inc has appointed veteran investment banker Raj Rathi as the new head of mergers and acquisitions in India, effective from this month. The appointment comes as Citi deepens its advisory capabilities to capitalize on…
As the financial world remembers the former Fed chair, economists assess his vast macroeconomic legacy. Alan Greenspan, the second-longest serving Chairman of the Board of Governors of the Federal Reserve, has died just months after his 100th birthday. Greenspan, known as “The Maestro”, led the Fed under five US presidents from August 1987 to January…
Concerns highlighted by the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports over the removal of eggs and fruit from PM nutrition meals have reignited the debate over the nutritional quality of school meals, but data shows the challenge extends far beyond them. At the national level, the share of cereals in protein…
State Bank of India (SBI) introduced a range of artificial intelligence (AI)-enabled features on its retail and business banking platforms, including AI-powered virtual assistants for corporate and MSME customers, new digital account opening journey and mobile-based trade finance services, the bank said in a release on Wednesday. These announcements were made as part of the…
The company’s exports rose 7 percent to 2,575 units last month as compared to 2,416 units sold in June 2025 (Photo: Reuters) read 1 minute Last update: 01 July 2026 | 3:33 pm First Toyota Kirloskar Motor on Wednesday reported a 7 per cent rise in total sales to 31,016 units in June 2026 as…
Vedanta Group shares today Shares of Vedanta Group’s recently demerged companies surged as much as 20 per cent on BSE in intra-day deals on Wednesday amid heavy demand. Vedanta Oil & Gas was closed 20 per cent higher at ₹38.76 on the back of a two-fold jump in average trading volumes. As of 01:54 pm,…
Banks are testing products on fake customers. It’s fast, cheap and ethically questionable. Financial institutions are quietly replacing real customers with algorithmic clones to circumvent stringent data privacy laws and accelerate time-to-market. Testing a new credit card or AI investing app traditionally takes months of testing. For bank product developers, the synthetic consumer, who never…
These funds aim to make Indian films a new asset class, somewhat like the highly sought-after Indian Premier League (IPL) teams. Two such funds – Filmni Global and CineNow – have already launched. The first of Filmni Global’s 10 special purpose vehicles (SPVs) is about to be shut down. The £5 million SPV will identify…
Private sector lender Kotak Mahindra Bank has entered into a definitive agreement with Deutsche Bank to acquire its retail banking, affluent private banking and wealth management business in India for Rs 281.7 crore. The business being acquired includes loans worth Rs 29,000 crore, deposits of Rs 16,000 crore and assets under management (AUM) of Rs…
Coming out of its image of being the bad land of Uttar Pradesh (UP), Purvanchal (eastern region) is emerging as the state’s growth hub due to massive infrastructure push, better law and order and ease of doing business, top ministers of the state government said at Business Standard’s “Ubharata Purvanchal”, or Rising Purvanchal conference here…
