The Reserve Bank of India issued penalties to five financial-sector companies, including Hinduja Leyland Finance, amid wider enforcement actions targeting microfinance pricing, securitisation, and credit reporting lapses. The Reserve Bank of India’s penalty on Hinduja Leyland Finance was one part…
India’s enforcement agencies step up their crackdown on Hashpe crypto scam, with arrests made and the scale of losses under scrutiny amid conflicting reports on the total damage caused to investors across multiple states. India’s money-laundering agency has taken the…
A recent ₹200 crore equity raise has significantly boosted foreign ownership in Globus Spirits, highlighting a strategic shift that combines capital infusion with operational growth ahead of broader institutional engagement. What looked at first glance like a sudden burst of…
India’s impressive quarterly GDP figure of 7.8% has ignited a controversy over how the economy is measured, with critics questioning the revised methodology and its real-world significance amid conflicting data indicators. India’s 7.8 per cent growth figure for the April-June…
The Reserve Bank of India calls on commercial lenders to enhance electronic platforms and streamline retail foreign exchange services, highlighting the need for tighter oversight as cross-border transactions surge and technological innovations reshape customer expectations. India’s central bank is pressing…
Official estimates of India’s manufacturing sector show a significant gap compared to alternative calculations, raising questions over data transparency and reliability amidst a growing debate among analysts and policymakers. India’s manufacturing numbers have become the latest test of how much…
Styrenix Performance Materials reports a remarkable first quarter for FY27 with profits soaring despite a 26% decline in sales volumes, highlighting the impact of volatile raw material and product prices influenced by Middle East tensions. Styrenix Performance Materials posted a…
India’s insurance regulator cautions policyholders to avoid a fake website linked to a scam, as part of ongoing efforts to combat digital fraud and improve transparency in online insurance services. India’s insurance regulator has warned policyholders to stay away from…
RBI Deputy Governor Rohit Jain urges banks to tighten controls, streamline processes, and enhance digital access for retail forex customers amid rising demand and evolving expectations. RBI Deputy Governor Rohit Jain has urged banks to tighten oversight and improve the…
India has introduced a targeted relaxation in foreign investment regulations for e-commerce companies, permitting inventory holdings solely for export purposes while maintaining protections for domestic retail shops, signalling a nuanced approach to trade policy post-implementation. India has moved to loosen…
