Anand Rathi Share and Stock Brokers Ltd has settled a case with the Securities and Exchange Board of India (Sebi) by paying Rs 90.2 lakh in response to alleged violations of stockbroker norms. The settlement follows a proposal from the brokerage firm, which sought to resolve the case without admitting or denying the findings. The allegations revolve around issues related to transparency, due diligence, and improper handling of client orders and trading records in relation to KPIT Technologies Ltd.

Power Finance Corporation (PFC), a state-owned financial giant, has announced the appointment of D V Subba Rao, the company’s Executive Director, as the new Head of Internal Audit. Rao’s appointment, effective May 9, 2025, marks a significant restructuring of the internal audit function, elevating it to a more senior level within the company. This strategic move is aimed at enhancing PFC's internal controls, risk management, and governance processes.

Punjab National Bank (PNB) has entered into an agreement to sell its entire stake in India SME Asset Reconstruction Company Ltd (ISARC) for Rs 34.04 crore. This decision follows the Reserve Bank of India's approval for a change in the sponsor of ISARC and a planned equity raise by Authum Investment and Infrastructure Limited. The transaction, which involves the sale of 2.09 crore shares at Rs 16.29 each, is set to be concluded by the end of the June quarter. The news has had a positive impact on PNB's stock, with shares rising by 1.93% on the Bombay Stock Exchange (BSE).

ITC Hotels has announced the signing of a management agreement for its latest property, Mementos by ITC Hotels Siliguri, located in West Bengal. This development strengthens the brand’s footprint in the state, bringing its total count of operational hotels to six, with another six in various stages of development. The launch of Mementos by ITC Hotels marks the brand’s entry into Eastern India, capitalizing on the surge in domestic tourism and the growing demand for immersive travel experiences, particularly in the wedding and hospitality segments.

Britannia Industries, a cornerstone of India’s fast-moving consumer goods (FMCG) sector, has projected a cautiously optimistic outlook for FY26, signaling expectations of a measured demand recovery. Vice Chairman and Managing Director Varun Berry outlined the company’s strategy to manage inflationary pressures while pursuing revenue and volume growth. With sales up 9% year-over-year to Rs. 4,375.57 crore in the March quarter, driven by pricing actions, Britannia plans to continue leveraging digital platforms, particularly e-commerce and Quick Commerce, to fuel its future expansion.

In a move that could reshape the strategic direction of BRICS economic cooperation, the BRICS Chamber of Commerce and Industry has appointed veteran legal expert Harvansh Chawla as its new chairman. With over 30 years of experience in international trade law and corporate advisory, Chawla's appointment signals a renewed focus on innovation, trade liberalization, and global competitiveness among BRICS economies.

Telecom giant Airtel has initiated discussions with more than 40 banks, the Reserve Bank of India (RBI), and the National Payments Corporation of India (NPCI), proposing an integrated approach to tackling the escalating threat of digital payment fraud. In a series of communications, the Sunil Mittal-led firm emphasized the need for a multi-layered defense strategy that includes sharing intelligence, creating a repository of fraudulent financial domains, and conducting joint public education campaigns.

In a significant engineering and infrastructural feat, the Steel Authority of India Ltd (SAIL) has supplied 16,000 tonnes of steel for the construction of the world’s tallest railway bridge spanning the Chenab River in Jammu & Kashmir. The Bhilai Steel Plant (BSP) alone contributed 12,000 tonnes to this project, underscoring India’s growing capabilities in industrial and structural engineering. In a landmark event, Prime Minister Narendra Modi flagged off the first train service to the Kashmir Valley while inaugurating the bridge and other vital development projects.

India’s attractiveness as a global investment destination continues to strengthen, as evidenced by the country’s receipt of foreign direct investment (FDI) from 112 nations in 2024-25, up from 89 a decade ago. At an FDI roundtable chaired by DPIIT Secretary Amardeep Singh Bhatia, Commerce and Industry Minister Piyush Goyal reiterated the government’s commitment to fostering an environment that prioritizes investor confidence and growth.

SpaceX’s Starlink has achieved a significant regulatory milestone by obtaining the Global Mobile Personal Communication by Satellite (GMPCS) licence from India’s Department of Telecommunications (DoT), following rigorous security compliance verification. This positions Starlink as the third satellite communication provider licensed in India after OneWeb and Reliance Jio. The approval clears the path for trial spectrum allocation and eventual commercial rollout, subject to further clearances from the Indian space regulator, In-SPACe.