The Reserve Bank of India has levied Rs 59.20 lakh in penalties on IndusInd Bank for breaches related to deposit interests and securitisation, while also penalising three NBFCs for separate regulatory shortcomings, spotlighting ongoing enforcement actions in financial regulation. The…
Bernstein raises target price for One97 Communications amid speculation that India may reintroduce merchant discounts on UPI transactions, potentially boosting Paytm’s revenue streams and margins by FY30. Bernstein has turned more positive on One97 Communications, the parent of Paytm, lifting…
Delays in income tax refunds are often caused by common issues such as unverified returns, mismatched data, or incorrect bank details. Taxpayers can speed up the process by checking verification status and correcting discrepancies promptly. If your income tax refund…
India’s Reserve Bank is reviewing its interest-rate framework to promote transparency and fairness in lending, particularly for small loans and microfinance, amid mounting concerns over uneven practices and opaque charges across financial institutions. India’s central bank is moving towards a…
Russia supplied a record 50.83% of India’s crude oil imports in July, highlighting a significant shift in supplier preferences driven by economics and geopolitics despite ongoing G7 price-cap rules. Russia supplied a record share of India’s crude oil imports in…
GTV Engineering has announced a 2-for-1 bonus share issue, backed by robust quarterly profits and a recent restatement of its year-end disclosures, subject to shareholder approval. GTV Engineering has proposed a 2-for-1 bonus share issue as it reported a sharp…
Skyways Air Services, a key player in India’s cargo sector, is set to raise ₹583 crore through its upcoming IPO, spotlighting its expanding air freight business and strategic debt reduction plans. Skyways Air Services is moving ahead with a stock…
Rathi Steel and Power reports a substantial increase in first-quarter FY27 profit driven by higher volumes and an improved product mix, amidst a mixed industry backdrop influenced by volatile energy costs and fluctuating steel prices. Rathi Steel and Power said…
Gold prices hit their highest since early June, boosted by traders scaling back rate hike expectations and renewed ETF inflows, signalling a shift in investor sentiment amid US monetary policy uncertainty. Gold has climbed to its highest level since early…
The Employees’ Provident Fund Organisation’s Mysuru regional office has initiated the Employees’ Enrolment Campaign 2026 to include more workers into India’s retirement savings system, offering a compliance relief window until October 2026. The Employees’ Provident Fund Organisation’s regional office in…
