FINANCE TODAY

  by Bhavna SJ  Mumbai — At a press conference held today, People for the Ethical Treatment of Animals India (PETA India) exposed a plan orchestrated by Kolhapur’s Nandini Math—officially Shree Swastishree Jinsen Bhattarak Pattacharya Mahaswami Sansthan Math (Karvir), Nandani—to nullify and reverse the Bombay High Court and Supreme Court-ordered rehabilitation of elephant Madhuri (also known as Mahadevi) for her physical and psychological needs, after having misled the public with claims regarding her proposed future care. PETA India revealed that an application has been submitted to the Supreme Court-appointed High Powered Committee (HPC) by Kolhapur’s Nandini Math to rip Madhuri from her vast forested new home at Radhe Krishna Temple Elephant Welfare Trust (RKTEWT), commonly referred to as Vantara, and from the new elephant company that she relies on for her psychological well-being. The application seeks to imprison Madhuri back in the same bleak shed at the Math where she ...

by Bhavna SJ  India’s optical industry came together at The Westin Mumbai Garden City on June 14 to honour the country’s finest eyewear retailers at the landmark 10th edition of the ZEISS ‘YOU&EYE’  AWARDS. The 10th edition of the ZEISS ‘YOU&EYE’ AWARDS 2026 marked a historic milestone for India’s optical retail industry, bringing together the country’s most respected opticians, industry leaders and innovators for a grand evening of celebration, recognition and inspiration at The Westin Mumbai Garden City on June 14, 2026.  A decade ago, the ZEISS ‘YOU&EYE’ AWARDS launched with a vision to create India’s first and only consumer-driven recognition platform for eyewear retailers. Ten years later, that vision has evolved into the most trusted and prestigious benchmark of excellence in the industry.  “When we started the ZEISS YOU&EYE Awards ten years ago, it was simply an idea to celebrate and recognise the hard work of opticians across India. Today, see...

by Bhavna SJ   MUMBAI, 15th June 2026 — InCred Capital, the institutional, wealth and asset management arm of InCred Group, today announced the launch of its US operations with the opening of its New York office. Building on its established presence across India, Singapore, Dubai and London, the launch marks another important milestone in InCred Capital’s journey to build a leading global platform connecting international capital with India’s growth opportunities. The New York office will focus on serving institutional investors, family offices and sophisticated clients through differentiated India-focused research, execution, corporate access and capital markets solutions, alongside curated opportunities across private markets, fixed income, alternatives, structured products and bespoke investment strategies. To lead its North American business, InCred Capital has appointed financial services veteran Arunava Das as CEO, North America. Arunava brings more than two decades of exper...

  by Bhavna SJ  Price band of Rs 130/- Rs 138/- per Equity Share bearing face value of Rs 10 each (“Equity Shares”) Bid/Offer Opening Date- Tuesday, June 23, 2026, and Bid/Offer Closing Date – Thursday, 25 June, 2026. Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter Mumbai, 15 June, 2026: Advit Jewels Limited has fixed the price band of Rs 130/- to Rs 138/- per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday June 23, 2026, for subscription and close on Thursday June 25, 2026. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. Equity shares outstanding as on date 3,38,42,000 Equity Shares of Rs 10 each. The IPO is a fresh issue of 1,19,68,000 equity shares. The proceeds from its fresh issue worth Rs 65 crore will be for funding incremental working capital requirements of the comp...

  by Bhavna SJ  Mumbai, 16th June 2026: Federal Bank has announced the launch of a special FCNR deposit in US Dollars named ‘FCNR Max Deposit Scheme’, aimed at meeting the rising demand among NRI customers for high-yield, secure investment options. The deposit scheme offers an interest rate of 6.25% for tenures ranging from 3 to 5 years, ensuring stable and competitive returns. The bank remains committed to offer customer-centric financial solutions, especially for its NRI clientele and that the FCNR Max Deposit Scheme reflects Federal Bank’s focus on delivering both value and reliability in foreign currency investments said Mr. Joy P. V., Country Head – Retail Liabilities. FCNR Max Deposit Scheme comes with a lock-in period of 1 year from the date of opening. In the event of premature closure after the lock-in period, interest will be payable at a rate 1% lower than the applicable rate for the actual period the deposit was maintained with the bank. About Federal Bank Federal...

  by Bhavna SJ  Acclaimed actress Kareena Kapoor Khan continues as the face of Nuwa Mumbai,12 June 2026: Malabar Gold & Diamonds has unveiled NUWA, a new natural diamond jewellery collection inspired by the intricate patterns, textures, and subtle details found in nature. Conceived as a celebration of modern luxury through the lens of the natural world, Nuwa draws inspiration from the intricate details that often go unnoticed, from the striking rhythm of stripes and honeycombs to the fluid formations and organic patterns shaped by the earth itself.  M. P. Ahammad, Chairman, Malabar Group, said, “At the heart of this collection is an appreciation for pattern play,the intricate textures formations and details that quietly shape the world around us. With Nuwa, we wanted to translate that beauty into a contemporary diamond collection that feels sophisticated, versatile, and relevant to today's woman. Every piece reflects a balance between intricate craftsmanship and effo...

  by Bhavna SJ  bob Legend FCNR(B) Deposit Scheme Mumbai, 16th June 2026: Bank of Baroda, India’s International Bank, is offering higher interest rates up to 6.25% p.a. to Non-Resident Indians (NRIs) under the ‘bob Legend FCNR(B) Deposit Scheme’. Under the new ‘bob Legend FCNR(B) Deposit Scheme’, the Bank is offering interest rates of up to 6.25% p.a. on US Dollar (USD) deposits, 4.75% p.a. on British Pound Sterling (GBP) and Australian Dollar (AUD) deposits, 5.15% p.a. on Canadian Dollar (CAD) deposits and 3.75% p.a. on Euro (EUR) deposits. Bank of Baroda continues to be the preferred banking partner for the global Indian diaspora through its extensive international footprint. Further, NRIs can benefit from the dual advantages of wealth creation and liquidity by availing of the hassle-free overdraft/loan facility against FCNR(B) deposits, providing enhanced financial flexibility while enabling them to maximise their returns. Interest Rates (% p.a.) on the bob Legend FCNR(B) ...

by Bhavna SJ   Private banks may deliver 21% earnings CAGR over FY26-28 as credit demand remains robust and management outlook turns constructive, says MOFSL report Mumbai, June 2026: Banking and financial services stocks are poised for improved performance, supported by an improving macro environment, healthy credit growth and a recovery in earnings, according to Motilal Oswal Financial Services Ltd's (MOFSL) latest BFSI Picks 4.0 report. The report highlights that banking system credit growth remained robust at 17.6%, driven by broad-based momentum across corporate, retail and MSME lending. MOFSL estimates banking system credit to grow at a CAGR of 14% over FY26-28. According to the report, earnings growth across the sector is expected to gain momentum, with private banks projected to deliver an earnings CAGR of around 21% over FY26-28, compared with approximately 8% for PSU banks. For its overall banking coverage universe, MOFSL estimates earnings growth of nearly 15% CAGR duri...

by Bhavna SJ  Mumbai, June 16, 2026 — AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in‑principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, and Motilal Oswal Financial Services (MOFSL), one of India’s leading diversified financial services groups, today jointly announced a significant enhancement to their 3‑in‑1 Account proposition . The upgrade introduces a new fund‑blocking feature designed to make trading more seamless, efficient, and financially rewarding for investors. A 3‑in‑1 account is an integrated banking solution that combines a savings account, a trading account, and a demat account into a single, seamless platform , allowing customers to manage their money, invest in shares, and hold securities without the need to move funds between different accounts. The enhanced AU–Motilal Oswal 3‑in‑1 Account integrates AU SFB’s Savings Account directly with the Mo...

by Bhavna SJ  Akshay Kumar and comedy go hand in hand - pepper it with a few helicopter instances, chases and action sequences - and we get a vintage Khiladi back on the screens. That’s exactly what the actor serves with his upcoming film Welcome To The Jungle. The trailer of this laughter riot was unveiled on June 11, and it gathers all the elements of a classic Akshay Kumar film - with the right mix of action, humour that hits home, and a camaraderie that strikes nostalgia. There’s something uniquely cinematic about the way Akshay Kumar fits in a frame featuring a mix of action with explosions helicopters, fights and comedy that shows him with a humorous body language, serving laugh-out-loud moments in the most serious of situations and most importantly, delivering punchlines that land. Over the decades, the actor has created a cinematic chain so well that it has become a niche for him. Everytime he featured on the screen with his classic action elements - be it in Sooryavanshi, ...

by Bhavna SJ  Overall, AI ROI projected to rise from 22% to 39% within two years 85% of organizations see agentic AI transforming business operations Mumbai, India — 12 June 2026: SAP SE (NYSE: SAP) today revealed that Indian enterprises are rapidly moving beyond AI experimentation to value-driven implementation—positioning themselves as global leaders in enterprise-wide adoption. India now ranks second worldwide in strategic approaches to AI investment. Reflecting this momentum, Indian organizations plan to invest US$25.9 million in AI, with spending expected to grow by 45% over the next two years. Unveiled at SAP’s flagship SAP NOW AI Tour India, these findings are part of the SAP Value of AI Report 2026, based on a global study conducted in collaboration with Oxford Economics, surveying 2,600 business leaders across 13 countries, including 200 respondents from India. Manos Raptopoulos, Global President, Customer Success – Europe, APAC, Middle East & Africa, and Member of th...

  by Bhavna SJ   Nostalgia Hit Hard”: Netizens React as Akshay Kumar Brings Back a Riot of Comedy, Action and Madness with a Formidable Ensemble in ‘Welcome To The Jungle’ Trailer Director Ahmed Khan has assured fans that Welcome To The Jungle will serve a laughter riot! The much-awaited trailer of the film has been released, and it packs a solid punch by bringing back nostalgia from the original Welcome, all while maintaining its legacy, doubling up the humour, and serving a big-screen statement by gathering a magnum ensemble. The audience, particularly, is overjoyed to witness Akshay Kumar return to the genre he is loved the most, and here’s what they are talking about! “Har actor apne character mein fit baitha hai,” wrote a user and another wrote, “Cast ki chemistry trailer me hi dikh gayi!” A user described it as “Pure Bollywood fun,” and another chimed in with, “The entertainment level is unmatched!” “Comedy timing sabki on point hai,” wrote one, while another shared, “...

  by Bhavna SJ   Global icon Priyanka Chopra Jonas has extended a glorious shoutout to Maa Behen, calling it a “clever film” and hailing star performances, Madhuri Dixit, Triptii Dimri and Dharna Durga.  What has got the audience hooked to the screen is to see Triptii tap into her character-driven side once again. And this hasn’t gone unnoticed even by Priyanka Chopra herself. In her shoutout post, the actress hailed Triptii Dimri as a “phenomenon” and continued to applaud the film’s honesty and cinematic vision. Filmmakers know that the audiences already associate Triptii with strong characters, and she made the most of it by playing Jaya in Maa Behen. From the emotionally vulnerable sequences to sisterly-banters, the classic outburst that’s created a storm over the social media, and most importantly - to celebrate women - Triptii has served a 360-degree performance in Maa Behen, and is receiving an incredible outpour of love from the audience.  For filmmakers searc...

  by Bhavna SJ  Mumbai 9 June 2026: Shri Piyush Goyal, Hon'ble Union Minister for Commerce & Industry, inaugurated Malabar Group’s Hunger Free World initiative at the Atal Bihari Vajpayee Kaushalya Vikas Kendra (ABVKVK), Kandivali East, Mumbai, reinforcing the role of nutrition in supporting learning, skill development, and future employment opportunities for young people. As part of the initiative, Malabar Group will provide 100 nutritious meals daily to students enrolled at the centre, supporting their wellbeing and helping them focus on vocational training, certification programmes, career development, and future employment opportunities. The initiative forms part of Malabar Group’s Hunger Free World programme, one of the Group’s flagship CSR initiatives focused on addressing hunger and improving access to nutrition among vulnerable communities. Hunger Free World currently distributes over one lakh meals every day across multiple locations in India and international mar...

  by Bhavna SJ  A - day of combat sports spectacle to feature professional and amateur MMA fighters from across India and international competitors Mumbai June 5th, 2026 - Warriors Dream Series (WDS) one of India’s leading Mixed Martial Arts (MMA) promotions, has announced its upcoming flagship event, WDS Fight Night 17, scheduled to take place on June 6th, 2026 at the Sports Complex, Mumbai University, Kalina. The 17th edition of the marquee MMA property will feature Ten bouts across Pro MMA and Amateur MMA divisions, spanning Light Heavyweight, Flyweight, Featherweight, Lightweight, Bantamweight, Catchweight, and Welterweight categories a stacked card designed to deliver non-stop action from the opening bell to the final horn. Positioned as one of India’s most anticipated MMA properties, the event will bring together professional MMA athletes, rising amateur fighters, and international competitors, reinforcing WDS’s growing role in shaping India’s combat sports ecosystem. Fo...

by Bhavna SJ  In an entertainment landscape where layered antagonists are increasingly becoming the soul of storytelling, actor Siddharth Sibal is steadily carving a niche for himself as a commanding screen presence capable of bringing intensity, depth, and finesse to negative lead and antagonist-driven roles. With an impressive slate of projects spanning films, web series, and television, Siddharth is emerging as a name to watch out for, particularly in roles that demand power, menace, emotional complexity, and an unforgettable on-screen aura. Among his much-anticipated OTT ventures, DSDK – Dil Se Deewangi Tak stands out as an exciting addition to his growing repertoire, further showcasing his versatility and expanding presence in compelling, character-driven narratives. Having built a strong body of work across major productions, Siddharth has been seen in high-profile film projects including Sikandar, War 2, and Mardaani 3, while also expanding his footprint in the digital space...