India’s June quarter saw the highest foreign direct investment in 15 years, yet a significant proportion of this money is being repatriated or invested abroad, raising questions about the sustainability of the country’s FDI boom. India’s foreign investment story in…
Sterlite Technologies shifts focus from fibre shipping to high-value data centre and AI infrastructure solutions, sparking debate on whether this marks a lasting re-rating amid extraordinary quarterly growth and a swelling order book. Sterlite Technologies is betting that its business…
India’s markets regulator, Sebi, is contemplating suspending its recent overhaul of expiry-day derivatives pricing, signalling a strategic shift aimed at stabilising turbulent futures and options trading with a move towards volume-weighted average price calculations. India’s markets regulator is preparing to…
WorkFusion introduces Isaac, an AI-driven tool designed to streamline financial crime investigations by automating repetitive tasks and supporting human judgement, in response to increasing alert volumes and complex criminal activity. Financial crime teams are increasingly being asked to do more…
The Chandigarh District Consumer Disputes Redressal Commission has ordered an insurer and bank to pay Rs 60 lakh to the widow of a policeman, clarifying that casual medical notes and suspicion are insufficient grounds for claim denial in accident cases.…
Indian non-life insurers are exploring a proposed policy requiring health policyholders to pay a 10% co-payment on hospitalisation costs, aiming to reduce unnecessary medical spending and standardise rates amidst rising medical bills. Non-life insurers in India are weighing a plan…
A Gurugram senior citizen successfully secures a ₹9.91 lakh refund from the Income Tax Appellate Tribunal after mistakenly paying tax on interest from tax-free bonds, highlighting the importance of correct tax filings and record-keeping. A senior citizen from Gurugram has…
Sardine launches AI research lab and offers $375,000 fellowships to advance foundation models in financial crime detection, promising to improve fraud detection accuracy and address industry challenges. Sardine has set up a new applied research arm, Sardine AI Labs, as…
Indian information technology shares moved unevenly following Accenture’s robust fourth-quarter results, with market reactions reflecting a cautious outlook amidst mixed signals on client spending and deal activity. Indian information technology shares moved unevenly on Monday after Accenture delivered a stronger-than-expected…
India’s GST Council is set to consider a package of reforms this week that could ease compliance burdens for small online merchants, protect genuine buyers’ tax credits, and streamline dispute resolution, signalling a shift towards more technology-driven tax enforcement. India’s…
