Hedging dollar interest payments on foreign currency non-resident (bank), or FCNR(B), deposits is set to become costlier for banks, with the Reserve Bank of India (RBI) requiring the lenders to set aside cash equivalent to 20 per cent of the exposure under its Foreign Exchange Risk Reserve (FERR) framework introduced earlier this month.

Fino Payments Bank reported a net loss of Rs 20.9 crore in the July-September quarter of FY27, with profitability affected by margin compression and higher depreciation following the migration of its core banking system.

Revenue rose 9 per cent sequentially to Rs 333.6 crore, while earnings before interest, taxes, depreciation and amortisation declined 19 per cent to Rs 35.1 crore.

Medanta co-founder Sunil Sachdeva-led Eleven Power Private Ltd (EPPL) has said it will pursue legal remedies after the Haryana Electricity Regulatory Commission (HERC) halted the process of granting it a parallel electricity distribution licence for Gurugram and Nuh.

Jio Platforms Ltd.’s sparkling debut was met with enthusiasm among investors, paving the way for more potential offerings by some of the country’s largest privately held companies.

The massive demand for Jio’s listing showed investors remain willing to commit significant capital to marquee deals, even against a difficult backdrop for Indian equities, according to investment bankers.

In a stinging remark, the Supreme Court on Thursday orally remarked that the Ministry of Corporate Affairs has completely hijacked the National Company Law Tribunal and its appellate body, NCLAT.

While calling for autonomy for the NCLT and NCLAT presidents over appointments, a bench comprising Chief Justice Surya Kant.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday directed officials to expedite relief operations, restore electricity, and fast-track compensation for people in areas affected by Cyclone Arnab, as the government continued relief and restoration work following the cyclone.

Amazon and Tata Motors on Tuesday announced a collaboration to deploy 3,000 electric trucks across Amazon’s transportation network in India, marking what the companies said would be the largest electric-truck deployment by an e-commerce company in the country.

The move marks Amazon’s most significant effort yet to extend fleet electrification beyond last-mile delivery.

Infrastructure major Larsen & Toubro (L&T) on Tuesday said its transportation business vertical has secured major design-and-build orders for two key system packages of the Dhaka Mass Rapid Transit Development Project (Line 1), or Dhaka Metro, in Bangladesh.

The company classifies contracts valued above ₹5,000 crore as major orders.

​India has faced no pressure from the US to reduce its Russian crude imports, oil minister Hardeep Singh Puri said on Tuesday at an industry event.

"I never felt anything," ‌Puri said when asked ​if there has been ​pressure to cut Russian oil imports.

Indian frontier model company Sarvam has signed a memorandum of understanding (MoU) with Headquarters Integrated Defence Staff (HQ IDS), Ministry of Defence, to set up an umbrella framework for artificial intelligence (AI) projects across the Indian Army, Navy and Air Force.

The framework also extends to joint, tri-service and integrated organisations under HQ IDS.

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