Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 35429.96 Crore).

The central bank of the Emirate is set to bless the investment, making Birla, chairman of the $46 billion Aditya Birla Group, fit and proper to invest in its banking system, a first Indian to do so.

The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the publicly listed Tata Consumer Products, according to people familiar with the matter. The move comes as India’s biggest conglomerate reorganises its corporate structure.

Fees earned by big investment banks and boutique advisory firms in India rose to $611 million (over Rs 4,500 crore) in the first nine months of 2021, making it the highest in a decade. Equity issuances raked in $237 million (about Rs 1,770 crore) as IPO fund-raising activity spiked, followed by $196 million (Rs 1,465 crore) fetched by M&A and $177 million (over Rs 1,300 crore) by debt deals.

In his book, ‘The Custodian of Trust’, the former SBI chairman has provided some behind-the-scenes glimpses of what went into resolving something that appeared as a Lehman Brothers moment for India. It was during his tenure that the financial sector was hit by the triple failure of IL&FS, DHFL and Yes Bank.

Oil prices rose on Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with supplies of gasoline hitting a two-year low, pointing to strong demand. Brent crude futures climbed 17 cents, or 0.2%, to $85.99 a barrel at 0040 GMT, after rising 0.9% the previous day.

Asian Paints, JSW Steel, BPCL, IndusInd Bank, ICICI Lombard, Mphasis, IDBI Bank, Macrotech Developers, Concor and IEX are among the companies that will announce their September quarter results today.

FRL had been arguing that it has not singed any agreement with Amazon and had maintained that it was FCPL that had signed a shareholder agreement with the US giant while Amazon in 2019 invested about Rs 1,400 crore into FCPL that own about 9.8% in FRL.

The Reserve Bank of India has imposed monetary penalties on two payment system operators - Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI) - as deficiencies were found in regulatory compliance.

Net profit dropped to Rs 223 crore in the quarter ended September 2021 from Rs 248 crore a year ago largely due to a 12 per cent fall in interest income to Rs 2903 crore from Rs 3282 crore a year ago.