BUSINESS HIGHLIGHTS

New Delhi, Apr 14 (PTI) Following are the top business stories at 2040 hours:

     DEL68 BIZ-SBI-RATE
     * SBI passes on RBI rate cut benefit to borrowers, reduces interest rate by 25 bps
     New Delhi: The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers. *
    
     DCM2 BIZ-SIP-AMC
     * Monthly SIP inflows may rise to Rs 40,000 cr in 18-€“24 months: Union AMC CEO
     New Delhi: Fuelled by rising disposable incomes and growing awareness about disciplined investing, monthly SIP inflows across the mutual fund industry could scale up to Rs 40,000 crore over the next 18-“24 months, according to Madhu Nair, CEO of Union Asset Management Company (AMC). *
    
     DCM22 BIZ-LODHA-DISPUTE
     * Lodha vs Lodha: Brothers Abhishek, Abhinandan resolve dispute over use of Lodha brand
     Mumbai: Abhishek Lodha-led Macrotech Developers has resolved trademark and brand dispute with House of Abhinandan Lodha (HoABL), formed by his younger brother. *

     DCM3 BIZ-BOM-RATE
     * Bank of Maharashtra slashes retail loan rates by 25 bps
     New Delhi: State-owned Bank of Maharashtra (BoM) has announced reduction in lending rate linked to repo rate by 25 basis points in line with the Reserve Bank's key policy rate. *

     DCM34 BIZ-NCLAT-SUPERTECH
     * NCLAT dismisses Supertech promoter's plea against personal insolvency proceedings
     New Delhi: The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech former promoter Ram Kishor Arora against personal insolvency proceedings initiated against him. *

     DCM31 BIZ-STARTUP-DEBATE-BIKCHANDANI
     * Building deep tech isn't just on startups - govt, industry must step up too: Sanjeev Bikhchandani
     New Delhi: Joining the debate on Indian startups' focus on online deliveries and betting apps instead of deep tech, tech founder Sanjeev Bikhchandani on Monday said building deep tech isn't the responsibility of startups because funds required for it are too large, and the government as well as deep-pocketed groups such as Reliance and Adani will need to step in. *

     DCM27 BIZ-GODREJ INDUSTRIES-ACQUISITION
     * Godrej Industries acquires Savannah Surfactants' Food Additives Business
     New Delhi: Godrej Industries' Chemicals Business has completed the acquisition of the Food Additives Business of Savannah Surfactants, according to a statement. *

(This story has not been edited by THE WEEK and is auto-generated from PTI)