Mumbai: State Bank of India (SBI) is set to undergo a digital transformation in FY26, led by the launch of a revamped Yono platform. Dubbed ‘Only Yono’, the new app will feature hyper-personalised user journeys and have biometric logins and multilingual support. The bank is also expanding paperless account opening through video KYC for sole…
Digital engineering solutions company Altimetrik is acquiring Bengaluru-based SLK Software to accelerate its goal of reaching $1 billion in annual revenue. The transaction remains subject to customary closing conditions. Financial details were not disclosed. Founded in 2000, SLK Software is a tech services provider focused on bringing AI, intelligent automation, and analytics together to create…
This is an AI-generated image, used for representational purposes only. A majority of small manufacturing enterprises in India say government-run skill-training initiatives are failing to reach them effectively, with 71 per cent reporting no benefits from such programmes, according to a report by Cushman & Wakefield. The survey, part of the firm’s report ‘Elevating India’s…
This is an AI-generated image, used for representational purposes only. Starting July 2025, several leading banks, including SBI, HDFC Bank and Kotak Mahindra Bank, will roll out significant changes to their credit card terms, including revised insurance benefits, new transaction charges, and product migrations. Cardholders are advised to review these updates carefully to avoid unexpected…
A rising tide of protectionism is reshaping global trade, but it is not the end of globalisation—rather its rebirth, said Mahindra Group Chairman Anand Mahindra in his address to shareholders in the company’s 2024–25 annual report. Mahindra believes this transition offers India a unique opportunity to emerge as a new centre of gravity in what…
Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for the financial years 2018-19 to 2022-23, the company informed stock exchanges on Sunday.According to the notice dated June 27 from the Office of the Commissioner (Audit), Central Tax, Ranchi,…
RBL Bank is targeting higher net interest margins (NIM) from its retail business by expanding its share of higher-yielding assets, including a foray into commercial vehicle (CV) financing and used four-wheeler loans in the next three months, a top executive said.Kumar Ashish, head of retail assets and collections, said the private sector lender is looking…
Gold rate outlook: Gold prices are expected to remain subdued next week as investors await crucial US macroeconomic data, which may offer fresh signals on the Federal Reserve’s stance on interest rates, analysts said.Improving risk appetite and easing geopolitical tensions have reduced investor interest in traditional safe-haven assets like gold, pushing them towards riskier assets…
Just 21 out of the 42 manufacturers eligible under the telecom production-linked incentive (PLI) scheme have received incentives till March 31, 2025, with total disbursements reaching Rs 1,162 crore, according to data provided by the Department of Telecommunications (DoT).The telecom PLI scheme, which began on April 1, 2021, and is scheduled to end in the…
India’s top food brands: Amul tops again; Mother Dairy climbs to No.2 Amul has once again emerged as India’s most valuable food brand, with a brand value of $4.1 billion, according to the Brand Finance India 100 – 2025 report. The Gujarat-based dairy giant retained its top position ahead of Mother Dairy, which climbed to…