Bandhan Financial Holdings, the promoter of Bandhan Bank, has completed the acquisition of Aegon Life, a digital life insurance company.The acquisition is set to provide the Bandhan group a footprint beyond banking and mutual funds.Before this, Aegon Life was a joint venture between Aegon India Holding BV, of Dutch origin, and Bennett, Coleman & Company Ltd.

Wall Street's main indexes opened muted on Monday after a scorching AI-led rally, as investors focus returned to potential rate cuts from the Federal Reserve that key inflation and other economic data expected this week could offer clues on.The Dow Jones Industrial Average rose 13.26 points, or 0.03%, at the open to 39,144.79.The S&P 500 opened higher by 4.20 points, or 0.08%, at 5,093.00.

Stabilizers producer Platinum Industries mobilised Rs 70.6 crore from seven anchor investors on February 26, a day before the issue opening. The public issue will be opening for subscription on February 27, and the final day for subscription will be February 29. The company informed exchanges that it has finalised the allocation of 41,28,237 equity shares to anchor investors for Rs 171 per equity.

Paytm Payments Bank (PPBL) announced on February 26 that Vijay Shekhar Sharma has resigned from the Board. One 97 Communications has informed the bourses that the PPBL Board has been reconstituted. Vijay Shekhar Sharma resigned from the Board of Paytm Payments Bank to enable the reconstitution of the Board. PPBL has informed us that they will commence the process of appointing a new Chairman.

Union Finance Minister Nirmala Sitharaman held a crucial meeting on February 26 with representatives from the fintech industry to address various concerns and discuss key issues facing the sector. The meeting, focused on understanding the challenges and opportunities within the fintech space, covered a range of topics vital to the industry's growth and security.

President Xi Jinping’s Belt and Road Initiative under which China doled out billions of dollars of investments will for the first time come under the scanner of the country's anti-graft body amid allegations of corruption and the projects turning into debt traps for small and medium countries like Pakistan and Sri Lanka. Fighting corruption related to the Belt and Road Initiative (BRI).

Shree Cement has received the demand of Rs 261.88 crore from the income tax department in the assessment order, the company informed in a BSE filing.The assessment order was received on February 24, 2024 passed under section 143(3) of Income Tax Act, 1961, pertaining to AY 2021-22, wherein certain additions/disallowances have been made.The company has noticed prima facie errors.

BGR Energy Systems promoter Sasikala Ragupathy sold a 2.51 percent stake in the company on February 26. Sasikala sold 18,11,464 shares at an average price of Rs 79.73 through open market transactions valuing the deal at Rs 14.44 crore. Sasikala held 23.99 percent stake in the company as of December 2023. BGR Energy Systems stock plunged 11.18 percent to Rs 75.85 in the trading session.

Platinum Industries, which is a multi-product company engaged in the business of manufacturing stabilizers, said on Monday that it has garnered ₹70.59 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, February 27, 2024. The company informed the bourses, in an exchange filing, that it allocated 41,28,237 equity shares at 171 per share.

Gold slipped on Monday as markets pared back expectations of the Federal Reserve’s easing cycle and cautiously awaited a key inflation reading this week, which is likely to provide cues on the timing of interest rate cuts. Spot gold edged down 0.2% at $2,030.86 per ounce as of 1209 GMT, after rising to its highest since Feb. 7 on Friday. U.S. gold futures dropped 0.4% to $2,040.30 per ounce.

RBI on February 26 said it has imposed monetary penalty on SBI, Canara Bank, and City Union Bank for rule violations. The central bank imposed Rs 2 crore penalty on State Bank of India, Rs 32.30 lakh on Canara Bank, and Rs 66 lakh on City Union Bank. State Bank of India has been penalised as it held shares as pledgee of an amount exceeding 30% of paid-up share capital of certain companies.

Sidbi is working on revamping the IMEF, which failed to take off after being reintroduced by the development bank in November 2022. Sidbi plans to raise the maximum investment size from Rs 5 crore to make it attractive for microfinance entities besides addressing the structural constraints that kept microfinance entities away despite the paucity of local equity investments in the sector.

The National Company Law Tribunal (NCLT) has listed an oppression and mismanagement plea filed by four investors against edtech company Byju's on February 27. The plea will be heard by a bench of judicial member K. Biswal and technical member Manoj Kumar Dubey. This is the fifth plea filed against Byju's in NCLT and fourth filed in 2024.

Oil regulator PNGRB has proposed supplying jet fuel or ATF in all existing and future airports through pipelines that can be accessed by any supplier to bring in competition and cut fuel costs. Currently, ATF is transported by road and rail network and only a limited number of airports are linked with pipelines. Even where pipelines are there, they are not on an open access basis.

CMS Info Systems' promoter Sion Investment is likely to sell their entire 26.7 percent stake in the company through block deals, sources told CNBC Awaaz  on Monday. The shares will be sold at Rs 360 per share, which is a 9 percent discount to current market price through block deals. Sion Investment’s stake sale will be likely worth over Rs 1,500 crore. IIFL Securities will be the broker.