Summary: City Union Bank (CUB) expects a credit growth boost in the coming quarters, with nearly 50% of its loan portfolio exposed to sectors that are likely to gain from recent GST rate cuts. The bank’s management indicated that MSME, agriculture, and trading segments — key drivers of…
Summary: In a historic shift, global central banks now hold more gold reserves than US Treasuries, marking the first such occurrence since 1996. Gold has emerged as the second-largest reserve asset after the US dollar, reflecting changing macroeconomic and geopolitical realities. Gold Surpasses US Treasuries in Reserve Portfolios…
Summary: Container Corporation of India Ltd. (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure Pvt. Ltd. (BPIPL) on September 4, 2025, marking its foray into the port operations business. Under the agreement, CONCOR will operate, manage, and market the upcoming container terminal at Bhavnagar…
Summary: Laxmi Goldorna House Limited (LGHL) has announced a 7-for-5 bonus share issue, meaning shareholders will receive seven new shares for every five shares held. The move, approved by the company’s board on September 4, 2025, is subject to shareholder approval at the upcoming AGM on September 30,…
Summary: ICICI Bank has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to strengthen the Startup India Mission. The collaboration will create new avenues of funding, mentorship, and ecosystem access for early- and growth-stage entrepreneurs across India. Key Highlights…
Summary: PepsiCo’s key bottling partner Varun Beverages Ltd (VBL) has announced the formation of a joint venture with White Peak Refrigeration Pvt. Ltd. to manufacture visi-coolers and refrigeration equipment in India. The move comes shortly after the company reported its Q1 FY26 results, with revenue rising 2.5% YoY…
Summary: Vakrangee Limited has joined hands with SBI General Insurance to distribute a wide range of insurance products through its Vakrangee Kendras, most of which are located in Tier 4 to Tier 6 towns and villages. The collaboration aims to strengthen financial inclusion by making insurance affordable, accessible,…
Summary: Zydus Lifesciences has signed an exclusive licensing and supply agreement with Netherlands-based Synthon BV to commercialize generic Ozanimod Capsules in the U.S. market. The drug, a generic version of Bristol Myers Squibb’s ZEPOSIA®, is used in the treatment of multiple sclerosis and ulcerative colitis. With tentative U.S.…
Summary: Japan’s SoftBank Group has pared its stake in Ola Electric Mobility Ltd to 15.68%, marking its first divestment since the company’s IPO in August 2024. The sale comes amid improving sectoral sentiment, supported by China’s move to lift restrictions on critical EV supply chain materials, even as…
HUDCO has declared a final dividend of ₹1.05 per equity share (10.50% on a face value of ₹10) for the financial year 2024-25. The dividend will be distributed after receiving shareholder approval at the Annual General Meeting (AGM) to be held on September 15, 2025. Dividend Payout for…