The Reserve Bank of India has proposed to make external benchmark-linked interest rates optional for non-banking finance companies, marking a significant shift towards flexible loan-pricing standards aimed at improving monetary transmission and consumer protection. The Reserve Bank of India has…
India’s markets regulator, SEBI, reports that the initial discrepancies observed after the launch of the new Closing Auction Session on August 3 are narrowing, as the system stabilises and feedback is incorporated, aiming to enhance transparency and price discovery in…
Gujarat Pipavav Port Ltd announced a 42% increase in net profit for Q1 FY23, driven by a 33% rise in revenue, moderated by shifting cargo volumes and geopolitical influences on transhipment flows. Gujarat Pipavav Port Ltd said consolidated net profit…
Apollo Hospitals reported a 34% rise in net profit for Q1, driven by increased demand in its healthcare services, international patient influx, and strategic capacity expansion plans amid robust revenue growth and innovative surgical procedures. Apollo Hospitals Enterprise reported a…
India and the Southern African Customs Union have formalised their intentions with a terms of reference for a potential trade pact, aiming to deepen economic ties and expand market access across key sectors including pharmaceuticals, engineering, and agriculture. India and…
Under Natarajan Chandrasekaran’s leadership, Tata Sons has sharpened its focus on consumer-facing businesses, with Tata Consumer Products leading a rapid expansion into premium and health-oriented categories, reshaping the group’s retail and FMCG footprint. Natarajan Chandrasekaran’s tenure as chairman of Tata…
Shares of the Tata conglomerate face turmoil following Natarajan Chandrasekaran’s resignation, with investor focus shifting to succession plans, new business performance, and strategic changes, while Titan and Trent show robust growth in their latest quarters. Tata group shares remained under…
Bank of America’s wholly owned NB Holdings Corporation is set to acquire a 49.9% stake in Jio Credit, boosting the Indian fintech’s capital and growth prospects amid a strategic partnership focused on expanding digital lending capabilities. Bank of America’s wholly…
ICICI Direct now displays the live Indicative Equilibrium Price across its trading platforms, offering investors transparency during the new auction-driven closing process, aligning with India’s regulatory shift towards improved price discovery and market integrity. ICICI Direct has begun showing the…
Speculation circulates online about a potential $1.9 billion stake acquisition by Bank of America in a Jio Financial Services subsidiary, amid rising foreign investment in India’s financial sector, but no official confirmation has been made. Bank of America is being…
