HDB Financial Services garnered Rs 3,369 crore from anchor investors, including LIC and BlackRock, at Rs 740 per share, ahead of its Rs 12,500-crore IPO. The IPO, opening June 25, comprises a fresh issue and an offer-for-sale by HDFC Bank. Proceeds will strengthen the capital base for future growth, aligning with RBI directives for NBFC listings.

‘Top priority right now’: Amidst Air India crisis, Tata Group chairman N Chandrasekaran takes charge of day-to-day airline operations
https://timesofindia.indiatimes.com/business/india-business/top-priority-right-now-amidst-air-india-crisis-tata-group-chairman-n-chandrasekaran-takes-charge-of-day-to-day-airline-operations/articleshow/122061516.cms

Following the tragic Ahmedabad plane crash, Tata Group Chairman N Chandrasekaran has assumed direct oversight of Air India's operations, focusing on safety, government relations, and staff welfare. Drawing from historical precedent within the Tata Group, this move aims to provide focused leadership during a critical period.

Clearing NSE IPO hurdles: National Stock Exchange offers Rs 1,388 crore to SEBI; aims to settle co-location and dark fibre cases
https://timesofindia.indiatimes.com/business/india-business/clearing-nse-ipo-hurdles-national-stock-exchange-offers-rs-1388-crore-to-sebi-aims-to-settle-co-location-and-dark-fibre-cases/articleshow/122062948.cms

The National Stock Exchange (NSE) has offered ₹1,388 crore to SEBI to settle co-location and dark fibre cases, potentially paving the way for its long-awaited IPO. This record settlement aims to resolve allegations of unfair trading advantages and unauthorized fibre installations.

EPFO members take note! Advance withdrawal limit via auto settlement mode hiked to Rs 5 lakh; ATM withdrawals for PF accounts soon
https://timesofindia.indiatimes.com/business/financial-literacy/savings/epfo-members-take-note-advance-withdrawal-limit-via-auto-settlement-mode-hiked-to-rs-5-lakh-atm-withdrawals-for-pf-accounts-soon/articleshow/122063374.cms

The EPFO has increased the auto-settlement threshold for provident fund advance withdrawals from ₹1 lakh to ₹5 lakh, enabling quicker access to funds for members, especially during emergencies. This enhancement allows claims up to ₹5 lakh to be processed automatically within three days.

No huge oil price spike - how the market outmanoeuvred worst-case scenarios
https://timesofindia.indiatimes.com/business/international-business/israel-iran-conflict-no-huge-oil-price-spike-how-the-market-outmanoeuvred-worst-case-scenarios-explained/articleshow/122063605.cms

Oil markets quickly recovered after Israel's strike on Iran, with Brent crude falling below $70 a barrel. Tehran's muted response, including a symbolic missile attack, eased fears of supply disruptions. The global oil system proved resilient due to increased US production, OPEC+ output, and strategic reserves, suggesting a larger crisis is unlikely despite existing geopolitical tensions.

Registered, but not yours: Supreme Court’s latest real estate plot twist
https://timesofindia.indiatimes.com/business/india-business/registered-but-not-yours-supreme-courts-latest-real-estate-plot-twist/articleshow/122063905.cms

A recent Supreme Court ruling in India has shaken the real estate market, clarifying that registration of a sale deed does not guarantee ownership. Buyers now need comprehensive documentation, including mutation certificates and tax receipts, to establish their legal title.

Unusual move! Why Union Bank of India ED Pankaj Dwivedi was demoted to general manager by the government
https://timesofindia.indiatimes.com/business/india-business/unusual-move-why-union-bank-of-india-ed-pankaj-dwivedi-was-demoted-to-general-manager-by-the-government/articleshow/122064511.cms

In an unprecedented move, the government has demoted Pankaj Dwivedi from Executive Director at Union Bank of India to General Manager. This action follows a Delhi High Court case questioning his appointment due to the absence of necessary vigilance clearance.