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Focusing on strengthening credit architecture

SALEE SUKUMARAN NAIR recently took charge as managing director (MD) and chief executive officer (CEO) of Tamilnad Mercantile Bank. Nair, formerly a deputy managing director of State Bank of India (SBI), in an online interaction with Shine Jacob, outlines his vision for the Thoothukudi-headquartered bank. Edited excerpts:

Experts flag lifestyle, screening lapses as reasons

Experts have raised concern over the increase in incidence rate and mortality due to breast cancer in India, citing lifestyle issues and lack of screening mechanisms as reasons.

Bank lending to industry surged 43% in H1FY25

Reflecting buoyancy and growth momentum, bank credit to industry—small, medium, and large—grew by 42.85 percent in the first half of the current financial year (H1FY25) over the same period last year.

Fintech firms latch on to digital gold rush this festival season

Roll out new ways for users to invest in gold via micro-purchases, SIPs for regular savings

India's growth cannot depend on a few firms

Veteran banker Uday Kotak (pictured) has said India's growth cannot be dependent on a few firms or groups and pitched for a more broad-based approach where many entities grow.

In NFRA Versus ICAI, audit standards upgrade on cards

The tug of war between the National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) over the need to revise India's auditing standards to align with global norms has further intensified.

Rupee hits fresh low of 84.11 against dollar

Dealers cite foreign outflows, caution ahead of US polls as reasons

Persana AI raises $2.3 mn in seed funding

The sales intelligence market size is projected to grow from $4 billion in 2024 to more than $10 billion by 2032 as businesses seek best resources to get ahead.

Swiggy IPO gets $15 bn bids from big investors

Big investors, including Norway's sovereign wealth fund Norges and Fidelity, have placed bids worth more than $15 billion (around ₹1.2 trillion) in Swiggy's India IPO, 25 times the $605 million portion reserved for such investors, four sources told Reuters on Thursday.

LEAD Group to seek PE funding after hitting profitability milestone

Edtech unicorn LEAD Group is optimistic about achieving positive Ebitda (earnings before interest, tax, depreciation, and amortization) by the end of the current financial year (FY25) in March as spending on education rises, its co-founder and CEO Sumeet Mehta said.

To be a leader in telecom, you need to lead in AI

From cell decongestion, to coverage, CHANDRU SARGOR, head of Ericsson India's Global Artificial Intelligence Accelerator (GAIA) and Ericsson R&D Site, Bengaluru, says that Artificial Intelligence (AI) is solving real-life challenges in telecom networks. In an interaction with Subhayan Chakraborty, he also explains how Agentic AI will be the way forward. Edited excerpts:

Ambuja rivals UltraTech in limestone reserves via buys

Even as Adani Group-controlled Ambuja Cements focused on acquisitions to rival India's largest cement maker, UltraTech Cement, it appears to have built equally competitive limestone reserves in the last couple of years, disclosures suggest.

BPL Group founder TPG Nambiar dies

Indian electronic company BPL Group founder T P Gopalan Nambiar (pictured), died on Thursday, family sources said.

BluJ's air taxi vision cleared for takeoff

Hydrogen cargo flights by 2026, with passenger travel expected by 2030

‘Not getting even a dollar from price rise due to Red Sea crisis’

After becoming the first company in the TVS fold to get listed since 1994, TVS Supply Chain Solutions (TVS SCS), one of the largest integrated supply chain solution providers in India, has set a road map to break into the top 25 companies in the segment globally. The company’s Managing Director RAVI VISWANATHAN talks about the ongoing Red Sea crisis, growth strategy, and 2032 outlook in an interaction with Shine Jacob. Edited Excerpts:

13,000 associates have rejoined Cognizant: CEO

Ravi Kumar S says AI will impact knowledge workers across segments

Urban demand under pressure as food inflation bites

Likely to remain soft on lower salary hike, high interest rates, says Nomura

Cognizant Q3 net income up 10.8% on deal pickup

Nasdaq-listed information technology (IT) major Cognizant Technology Solutions beat Wall Street estimates for third-quarter profit and narrowed the guidance thanks to the Belcan acquisition in August.

Nifty finishes Samvat 2080 with 25% gain, most in 3 yrs

The Nifty 50 index has demonstrated resilience, closing Samvat 2080 with a nearly 25 per cent gain despite an 8 per cent pullback from its peak.

Climate change to put APAC GDP on thin ice with 41% melt by 2100

India alone could face 24.7% loss in GDP by 2070

Deposits outpace credit growth after 30 months

Alignment due to fall in credit growth from previous highs

Pharma and health care funds: Defensive bets amid growing Volatility

The pharmaceutical sector has been attracting strong investor interest.

Cipla not in the pink of health amid slow growth

Brokerages slash target price after subdued Q2 performance

Healthy growth outlook, market share gains positive for Marico

Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry.

Sebi for deployment of NFO proceeds in 30 days

Says AMCs should not sit on such funds for an 'indefinite period'

Tweaks to NFO filing process in the offing

Market regulator Securities and Exchange Board of India (Sebi) on Wednesday proposed tweaks to the regulatory filing procedure of new fund offers (NFOs).

Markets decline on selling in banking, financial stocks

Benchmark equity indices Sensex and Nifty declined on Wednesday, as selling pressure in banking and financial stocks amid a bearish trend in global markets unnerved investors.

India's gold demand up 18% in Q3

India's gold demand witnessed an 18 percent on-year growth during the July-September quarter of this year to 248.3 tonnes, as the reduction in gold import duty resulted in a revival in jewellery demand, the World Gold Council (WGC) said in a report on Wednesday.

Swiggy early investors to pocket gains ranging between 3x and 35x

Food delivery aggregator Swiggy's early investors will see returns as high as up to 35x as the company lists on the Indian bourses.

Record 2.5 mn diyas set the tone for Ram temple's first Diwali

The margins of the Saryu River lit up with a record 2.5 million diyas (earthen lamps) as the evening progressed in Ayodhya on the eve of Diwali on Wednesday, setting the perfect tone for the first Deepotsav celebration since the consecration of the Ram temple.