Bank of Baroda and Canara Bank have increased their marginal cost of funds-based lending rates (MCLR) effective August 12, leading to higher monthly EMIs for borrowers amidst tightening monetary conditions in India. Borrowers linked to the marginal cost of funds-based…
The resignation of Tata Sons chairman N Chandrasekaran amid ongoing stake negotiations with the Shapoorji Pallonji Group complicates efforts to resolve a protracted dispute, with potential implications for Tata’s corporate strategy. N Chandrasekaran has stepped down as chairman of Tata…
Telangana continues its streak as India’s inflation outlier for a seventh month, driven by rising prices in essential goods and a revised Consumer Price Index, highlighting shifting household expenditure patterns. Telangana has remained India’s inflation outlier for a seventh straight…
ICICI Prudential Life Insurance is set to change its name and branding as it redefines its relationship with Prudential, following a strategic deal and Prudential’s planned acquisition of Bharti Life Insurance. ICICI Prudential Life Insurance has signed a transitional deal…
The number of Indians studying abroad has fallen for a second year as Indian institutions like IIT Madras and IIM Ahmedabad establish campuses in Zanzibar, Abu Dhabi, and Dubai, signifying a shift towards global expansion. The number of Indians heading…
Indian Railways plans to significantly expand private participation through 54 PPP projects worth ₹1.8 lakh crore, signalling a major shift towards core infrastructure development and broader commercial roles for the private sector. Indian Railways is preparing to widen private participation…
Indian investors of fund-of-funds exposed to US assets face significant tax changes following the April 2023 shift in debt fund regulations, requiring careful tracking of purchase dates and lot-specific rules. Indian investors weighing fund-of-funds that buy US assets and overseas…
Natarajan Chandrasekaran’s departure as Tata Sons chairman amid internal governance tensions raises concerns over the group’s ambitious $120 billion reinvestment plan and future strategic directions. Natarajan Chandrasekaran’s decision to leave the top job at Tata Sons in February has unsettled…
India’s precious metals suffer a renewed setback amid global market volatility and mixed signals from US inflation data, prompting traders to remain cautious despite weaker energy and commodity prices. Gold and silver prices in India came under renewed pressure on…
India’s leading business families are amassing unprecedented wealth, with the Ambani family surpassing ₹25.8 lakh crore, signifying a surge in promoter influence and control over the economy’s top-tier enterprises. India’s family-owned business dynasties are becoming larger and more influential, according…
The Indian rupee is expected to stay within a narrow trading band as the Reserve Bank of India intervenes to offset persistent dollar demand, despite rising oil prices and global trade tensions influencing market dynamics. The Indian rupee is set…
Karnataka moves to restrict tobacco sales as India faces rising health concerns and political transitions, while other regions grapple with climate-related disasters and ongoing educational and sporting developments nationwide. Karnataka has moved to tighten controls on tobacco sales as Indian…
