CATEGORIES

RBI fines IndusInd Bank, Manappuram Finance

The Reserve Bank of India (RBI) on Friday imposed a penalty on IndusInd Bank and Manappuram Finance worth ₹27.3 lakh and ₹20 lakh, respectively for non-compliance of norms.

Firms make beeline for raising funds from debt capital market

A range of institutions, including state-owned Power Finance Corporation (PFC), Punjab National Bank (PNB), Small Industries Development Bank of India (Sidbi), TATA Capital, and India Infra Debt, raised funds from the domestic debt capital market on Friday.

Law panel for simplification of GST registration structure

Proposal, if implemented, could fast-track registration of small businesses

'Need joint efforts to improve logistics sector efficiency'

Commerce and Industry Minister Piyush Goyal on Friday called for a complete integration of industry stakeholders with government platforms to improve efficiency of the logistics sector.

Malhotra chairs his 1st RBI board meet

Sanjay Malhotra (pictured), who took charge as governor of Reserve Bank of India (RBI) last week, chaired his first board meeting of the central bank on Friday.

Need to guard against risks of currency appreciation

NAGESH KUMAR, member of the Reserve Bank of India's (RBI's) monetary policy committee (MPC), in an email interview with Manojit Saha, said that deceleration of the manufacturing sector was the reason why he voted for a 25 basis points (bps) policy repo rate cut in the December review. Edited excerpts:

Policy rates have limited impact on food prices: MPC external members

Das, who chaired his last MPC meeting, expressed optimism about economic growth

Govt chalking out plans for dedicated space parks

Move key to achieving goal of $11 bn space-related export by 2033

Tata Steel Netherlands faces penalty of almost €27 mn over emissions

Dutch regulators have threatened Tata Steel with fines and the forced closure of one of its coke plants in IJmuiden if the company doesn't significantly reduce toxic emissions in the next 12 months.

UP raises land acquisition rate for Jewar International Airport by 39%

Taking a major pro-farmer stance, Uttar Pradesh Chief Minister Yogi Adityanath announced a nearly 39 per cent hike in the land acquisition rate for the under-construction Jewar International Airport in Greater Noida.

Adani, Sun Petro, others line up ₹1.8 trillion investment for Bihar

Adani group, Sun Petrochemicals, and a host of other companies—big and small—on Friday committed to investing a record ₹1.81 trillion in Bihar, across sectors ranging from renewable energy to cement, food processing, and manufacturing.

Unicorn workforce fell 6,700 in a yr

PrivateCircle Research analysis says layoffs were one of the reasons for the decline

'Tourist hotspots have an appetite for more offers'

IHCL MD and CEO Puneet Chhatwal says the hospitality firm plans to open 2 hotels each in Bahrain, Saudi Arabia

Low-paid auto workers at greater risk of injuries

SIIF report notes that those earning below ₹8,000 lost on an average 2.27 fingers in accidents

DEAL FOR STAKE IN INDIA CEMENTS CCI okays acquisition by UltraTech

CCI okays acquisition by UltraTech

L&T signs ₹7.6K cr deal with MoD for K9 Vajra artillery

The Ministry of Defence (MoD) on Friday signed a ₹7,628.70 crore contract with Larsen & Toubro Limited (L&T) for the procurement of 100 additional 155 mm/52 calibre K9 Vajra-T self-propelled tracked artillery guns for the Indian Army.

Diagnostic testing gets a small-town booster shot

Demand for diagnostic testing is rising rapidly from smaller towns, pushing the organised diagnostic services players to focus on penetrating deeper into these markets.

Bajaj's Chetak 35 series looks to begin overseas ride in 6 months

Five years after Bajaj Auto's flagship electric scooter brand Chetak was launched, the electric two-wheeler is now set to hit international markets by the first quarter of next financial year, senior company officials said.

Solar deals may shine bright in 2025

More deal closures in the solar sector are likely in the coming months, with strategic players consolidating the market, said industry officials and experts.

Sensex, Nifty witness worst weekly decline in 2.5 years

Both indices trade below 200-DMA; equity investors lose ₹18.4trn in 5 days

States push Sitharaman for more interest-free capex loans

Also demand Centre raise their borrowing limits in FY26 Budget

SC lifts 30% interest cap on late payment of credit card bills

In a relief to banks, the Supreme Court on Friday set aside an order of the National Consumer Disputes Redressal Commission (NCDRC) that capped credit card interest rates at 30 per cent per annum on late bill payments.

IT sector's employee productivity on the rise even as firms apply brakes on hiring

With fewer workers, information-technology (IT) companies have improved their employee productivity and earnings.

EVALUATING FUND PERFORMANCE Exit a fund only if underperformance persists for 8 quarters

During her annual portfolio review, Mignonne D'Souza (name changed on request), a 44-year-old content writer based in Mumbai, found that four of her seven mutual funds had outperformed, while three lagged behind their benchmarks. D'Souza is wondering if she should stick to these funds or exit them.

Zomato serves up mcap bigger than Tata Motors, Bajaj

Stock could be a 'potential doubler in three to four years'

'PARRVA' introduced for verification of risk-return metrics

In a bid to clamp down on individuals and entities making lofty return claims, the Securities and Exchange Board of India (Sebi) has introduced a \"Past Risk and Return Verification Agency\" (PaRRVA), which will be tasked to verify the risk-return metrics of services offered by investment advisors, research analysts (RAS), algorithmic trading platforms, and other such entities.

Regulator brings in new rule to address NFO mis-selling

The Securities and Exchange Board of India (Sebi) has introduced a new rule aimed at putting a stop to unnecessary portfolio churn by distributors to pocket higher commissions, amid rising asset mobilisation through the new fund offer (NFO) route.

Core acquisition adds to Metropolis' long-term growth plans

Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for ₹247 crore.

Euro Pratik eyes ₹700-1,000 cr public offer

Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) worth ₹700-1,000 crore, sources familiar with the matter said on Thursday.

Nifty may trade in 25K-28K range in 2025: Smallcase

The benchmark Nifty50 index may move in the range 25,000-28,000 next year, according to a survey conducted by Smallcase of 150 managers on its investment platform. The Nifty on Thursday closed at 23,951.