NPCI Bharat BillPay Limited has reported that its Bharat Connect foreign exchange platform has crossed Rs 100 million in transactions within just four months, highlighting swift uptake of the retail FX offering amid broader digital financial inclusion efforts. NPCI Bharat…
India’s secondary market experienced a significant spike in large-scale trades in August, reaching its highest level in over a year amid a wave of major stake sales by promoters and private equity investors, supported by strong liquidity from domestic and…
The Mumbai bench of the Income Tax Appellate Tribunal has held that Section 263 cannot be used to re-open assessments based solely on potential deeper inquiries, emphasising detailed prior examination by assessing officers. The Mumbai bench of the Income Tax…
India’s state-owned utility NTPC is accelerating its long-term expansion to reach 244 gigawatts by 2037, integrating renewables, nuclear, and advanced storage amid a robust financial outlook and a Rs 16.86 lakh crore investment plan. NTPC is accelerating a long-term expansion…
Urban co-operative banks in India are embracing technological and governance reforms to stay relevant while preserving their local character, with NUCFDC providing crucial support for modernisation without losing community roots. India’s co-operative banks are trying to modernise without abandoning the…
Despite a volatile wider share market, India’s initial public offerings in August showed remarkable resilience, with an 88% success rate and nearly 90% of listings trading above offer prices, signalling strong investor appetite and a positive outlook for upcoming issues.…
Banks are advancing into a new era of AI oversight as agentic systems shift from data summarisation to executing core financial tasks, prompting urgent questions about governance, transparency, and human oversight. Banks are entering a new phase of artificial intelligence…
Indian investors will monitor Monday’s market as the latest MSCI index review triggers new demand for certain stocks, while corporate updates and strategic deals add to the trading momentum. Indian investors are set to focus on Monday’s market action as…
Legal experts highlight that a divorce does not automatically dissolve joint mortgage obligations, leaving both borrowers liable until formal refinance or transfer occurs, and complicating property sales and tax implications. A divorce may end a marriage, but it does not…
India’s Department of Pharmaceuticals has reopened its Promotion of Research and Innovation in Pharma & MedTech scheme, offering increased funding and streamlined application tracks to accelerate homegrown innovation in medicines and medical devices. India’s Department of Pharmaceuticals has opened a…
