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Bupa will look to increase its stake in health insurance firm Niva Bupa. The chief executive Krishnan Ramachandran, told ET that while there are no committed timelines, the opportunity is there after the budget announcement of allowing up to 100% FDI.

On the higher end, the index may continue to move towards 24,050 in the near term. Meanwhile, support is placed at 23,500, where maximum put writing is visible, said Rupak De of LKP Securities.

Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the session while the policy-sensitive two-year yield declined three basis points to 4.18% — both the lowest since the middle of December. Australian yields fell early Thursday.

State-owned Indian Overseas Bank is undergoing administrative restructuring to enhance management control and support branch expansion. The Chennai-based lender plans to add four new regional offices next fiscal and has already added three this year. With 90 branches added recently and 100 more planned by 2025-26, IOB aims to improve performance and reduce non-performing assets.

Goldman Sachs has upgraded HPCL and BPCL to buy and IOC to neutral , citing an improved outlook for oil marketing companies in FY26 and FY27. The prediction of capped crude oil prices and higher Russian crude discounts suggests enhanced financial performance for these companies.

Reliance Industries (RIL) is broadening the syndication of its $3-billion dual currency loan, adding around 10 global banks, including ANZ, Barclays, and JP Morgan, to the original eleven lenders. The funds, partially denominated in yen, will be used for upcoming repayments.

The Reserve Bank of India (RBI) has directed large non-banking finance companies (NBFCs) to disclose the maximum rates charged on each loan product, including interest and other fees. This measure aims to ensure transparency and curtail any potential usurious practices amid growing household indebtedness.

Since October 1, when the market began declining, promoters of nearly 120 mid- and small-cap companies have sold shares worth ₹7,000 crore.

K Balasubramanian will replace Khullar as India subcontinent banking head, and CCO, for the bank, reporting to Amol Gupte, head of Asia South and banking head, subject to regulatory approval from the RBI. ET had reported about the promotions in its Wednesday edition. -

Corporate fixed deposits from Bajaj Finance, Mahindra Finance and Shriram Finance are popular amongst investors, especially senior citizens because of returns predictability.