This follows the entities filing a settlement application proposing to resolve the enforcement proceedings against them through a settlement order.
Mumbai: India s credit card boom is turning less lucrative for issuers, yielding lower profit margins for banks even as spending continues to rise. Customers are increasingly using credit cards as a payment tool rather than a borrowing product, shrinking the i
Reserve Bank of India deputy governor Shirish Chandra Murmu has spelt out five areas of focus for non banking finance companies (NBFCs) and housing finance companies (HFCs) to ensure sustainable growth for the sector.NBFCs must focus on governance, liquidity m
Multi-asset funds have outperformed the Nifty over recent one and three-year periods. Strong returns from precious metals and REITs aided this category's performance
Donald Trump has reportedly proposed renaming the strategically vital Strait of Hormuz to 'Trump Strait.' This suggestion, if acted upon, would mark a significant and potentially controversial rebranding of a critical global waterway. Listen to this article in
ARCIL will open its IPO for subscription on September 9, with the issue closing on September 11. The IPO will be entirely an offer for sale of 5.27 crore shares, with the price band yet to be announced
Climate resilience is emerging as a new measure of value in India's real estate market. Investors are pouring money into infrastructure to protect rental income and asset values
Prime Minister Narendra Modi on Tuesday called on the Shanghai Cooperation Organisation (SCO) members to work together to dismantle the entire ecosystem of terrorism . He also stressed that countries cannot be allowed to treat terrorism as a strategic asset by
The Bombay High Court has set aside the family court s award of Rs 10 lakh permanent alimony to the wife, finding it based on an unsupported assumption of the husband s income, and remanded the matter for fresh determination based on both parties earnings, nee
An Indian woman living in the US has praised the speed and coordination of emergency services after witnessing the rescue of a swimmer at a public beach. She said the response, which brought lifeguards, paramedics, police and park rangers to the scene within m
Chandigarh: Haryana is using GIS-based technology to cut infrastructure site-feasibility assessments from 40-45 days to just one or two days, signalling a major shift from conventional, file-driven planning to integrated, technology-based decision-making under
India's commerce minister invited Japanese businesses to deepen investments and partnerships. He will visit Japan to strengthen trade and investment ties between both nations
Mumbai: Godrej Industries Group (GIG) on Tuesday announced an entry into the private credit space, targeting to raise up to Rs 2,000 crore in maiden alternate investment fund (AIF).In an announcement that comes days after Pirojsha Godrej from the next generati
The resolution professional overseeing the insolvency proceedings of Byju s parent Think & Learn has sought another 90 days to complete the process, which has been hindered by multiple court battles and delays in monetising the edtech firm s assets.Shailendra
Shares of One 97 Communications faced a downturn following a notable block deal involving Resilient Asset Management, a firm linked to Paytm s founder. It s estimated that shares worth around Rs 2,949 crore were sold in this secondary transaction, with the pos
Resilient Asset Management plans to sell nearly five percent of Paytm shares. This stake sale is valued at approximately five thousand crore rupees
Resilient Asset Management plans to sell up to 4.98% of Paytm parent One 97 Communications through a block deal worth Rs 4,895 crore. The offer carries a 2.9% discount, potentially pressuring shares
India's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared foreign assets and income into the tax net
ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing expanded production and new agreements
The government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thresholds of 1 crore and 5 crore, with electronic declarations required by December 31, 2026, subject to prescribed payments
India s efforts to secure critical mineral assets overseas are facing a series of hurdles, ranging from high asset valuations, volatile mineral prices, financial constraints, to socio-political risks in resource-rich countries. Incorporated in 2019, the govern
Rahul Gandhi has approached the Supreme Court challenging a high court order. The Allahabad High Court directed probes into allegations of disproportionate assets against him
The state Vigilance and Anti-Corruption Bureau has summoned BJP MLA from Dharamshala, Sudhir Sharma, to appear before the investigating officer on August 13 in connection with an FIR registered under the Prevention of Corruption Act. The notice directs Sharma
NDR InvIT Trust filed draft papers for a Rs 750 crore IPO to transition from private to public. The funds will support acquiring warehousing assets, aiming to strengthen and diversify its logistics portfolio across major Indian markets
NDR InvIT Trust, sponsored by NDR Warehousing Private Limited, has proposed to convert into a public InvIT through an initial public offering aimed at raising up to Rs 750 crore.The proposed IPO comprises a fresh issue of units worth up to Rs 450 crore and an
Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending
The RP-Sanjiv Goenka Group (RPSG) on Monday announced that Purvah Green Power Pvt Ltd, the renewable energy platform of CESC Ltd, is set to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power Pvt Ltd for an enterprise value of Rs 4,859 crore. Th
Motilal Oswal Asset Management Company crossed Rs 2 lakh crore in total AUM across mutual funds, AIF and PMS as of August 7, 2026. The milestone reflects its QGLP investment philosophy and equity-focused strategy