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Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree
Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth and customer service.
GHIAL remits Rs 12.28 crore interim dividend to Telangana Government
GMR Hyderabad International Airport Limited (GHIAL) has sent an interim dividend of approximately Rs 12.28 crore to the Telangana Government. This is part of a total dividend payout exceeding Rs 49.14 crore for the financial year 2025-26. Additionally, a new Cargo Terminal 2 has been commissioned at Hyderabad International Airport.
DOMS Inds surges after inking APA to acquire Reynolds brand assets
DOMS Industries rallied 5.60% to Rs 2,239.05 after the company has entered into an asset purchase agreement (APA) with Reynolds Pens India to acquire certain assets under the Reynolds brand for total consideration of $3.7 million.
Government approves 22 new applicants under Round-3 of Production Linked Incentive Scheme for Textiles
The Government has approved 22 new applicants under the Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles. The newly approved companies are expected to bring in a total investment of Rs 2,339.14 crore, generate a projected turnover of Rs 15,561.34 crore in notified products, and create 36,217 employment opportunities across the textile value chain. A total of 96 companies have been selected under Round-3 of the scheme with a total committed investment of Rs 12,822.67 crore and a projected turnover of Rs 58,294.18 crore.
Meesho stake sale: Fidelity sells 1.3% stake for ₹988 crore; here's how Jefferies, Macquarie view the stock
Meesho stake sale: Fidelity Investments, through its two affiliates, FID FDI 2117 LLC and FID FDI 312 LLC, offloaded a total of 5,98,16,300 shares representing a 1.31% stake in Meesho on Wednesday.
Oil India among 5 F&O stocks with a sharp rise in futures open interest
As of June 10, there was a notable surge in futures open interest in five stocks in the NSE F&O pack, contributing to a total increase of over 7% compared to the previous trading session
No individual data, Sebi to tweak AMC exec pay disclosure norms
In a bold initiative, the Securities and Exchange Board of India (Sebi) is looking to overhaul the reporting standards for executive compensation within asset management companies (AMCs). Rather than peering into the earnings of individual executives, the new proposal would shift focus to total remuneration for specific roles.
Lenskart Block Deal: ADIA Arm Plans To Sell Nearly Rs 2,000-Crore Stake
At the designated floor price, the total secondary transaction value is estimated at approximately Rs 1,944 crore.
India Infrastructure Lender Seeks Dollar Loan After RBI Move
The state-owned infrastructure lender is looking at a total pricing of 6.5% to 7%, including hedging costs, Managing Director Rajkiran Rai G. said in an interview.
Government clears 96 firms under latest textile's PLI round with Rs 12,823 crore outlay
The government has approved 22 additional companies under the textile PLI scheme. This brings the total selected firms to 96. These companies are set to invest over Rs 12,822 crore. The scheme aims to boost manufacturing and create jobs in key textile segments. This initiative strengthens India's global textile manufacturing position.
ICICI Prudential Mutual Fund raises stake in Travel Food Services, shares rise
ICICI Prudential Mutual Fund has announced the acquisition of an additional stake in Travel Food Services, increasing its total shareholding in the company to above 5%.
Cabinet Approves Ahmedabad Metro's Extension, Central Govt Office And Residential Complexes In Amaravati
Cabinet approved the extension ofAhmedabad Metro Phase 2A with a total outlay of Rs 2,169 crore.