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AU Small Finance Bank has appointed Anil Agarwal and Amol Padhye to senior leadership roles as it prepares for a planned transition into a universal bank. The hires come after the lender received in-principle approval from the Reserve Bank of India and must complete the conversion within 18 months.
Bitcoin has rebounded to approximately $84,000 after briefly surpassing $86,000, buoyed by positive ETF inflows and a stabilizing economic outlook. Experts weigh in on the implications for the cryptocurrency market.
The Madras High Court has set aside a Chennai sessions court order that took cognisance of an Enforcement Directorate money laundering complaint against alleged drug smuggler Jaffer Sadiq without first hearing him. While quashing that procedural step, the court restored the complaint and directed the lower court to proceed in line with Section 223(1) of the Bharatiya Nagarik Suraksha Sanhita, which requires an opportunity of hearing before cognisance is taken.
India's power secretary Pankaj Agarwal met EDF chairman and CEO Bernard Fontana to discuss the possible deployment of the French utility's EPR nuclear reactor technology in India, the power ministry said on Friday. The talks also covered the evolving regulatory framework for the nuclear sector and potential cooperation on pumped hydro storage projects, underscoring a broader push to deepen Indo-French energy ties.
Digital lender Moneyview's Rs 1,092 crore initial public offering drew strong investor interest on the second day of bidding, with overall subscription reaching 6.01 times by the close of trading on September 25. Demand was led by non-institutional investors and retail buyers, while qualified institutional buyers remained largely absent from the book at that stage.
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