Finance, Banking & Insurance
Finance, Banking & Insurance

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee
by Publisher
Finance Minister Nirmala Sitharaman informed the Lower House that the Enforcement Directorate (ED) of India has recovered ₹22,280 crore worth of assets from fugitive industrialists. This includes ₹14,000 crore recovery by various banks through the sale of assets of Vijay Mallya and Rs 1,053 crore from diamond
by Publisher
The fifty-fifth Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will discuss proposed tax changes for life and health insurance premiums, including GST exemptions for term life policies covering families and health insurance for senior citizens. The Council will also consider reducing the GST rate
by Publisher
According to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala
by Publisher
The Union government has appointed Indian Administrative Services (IAS) officer Sanjay Malhotra , 56, as the next governor of the Reserve Bank of India (RBI) for a three-year term, starting December 11. Malhotra, who is currently serving as the Secretary of the Department of Revenue, succeeds Shaktikanta Das, whose tenure ends
by Publisher
On Monday, Adani Group reassured investors, showcasing cash reserves of ₹55,024 crore ($6.63 billion), sufficient to service debt obligations for 28 months, despite US bribery charges against founder Gautam Adani. The conglomerate plans $100 billion investments over a decade, with internal cash flows expected to cover ₹5.9
by Publisher
Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
by Publisher
The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold
by Publisher
Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee
by Publisher




Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee
by Publisher
Finance Minister Nirmala Sitharaman informed the Lower House that the Enforcement Directorate (ED) of India has recovered ₹22,280 crore worth of assets from fugitive industrialists. This includes ₹14,000 crore recovery by various banks through the sale of assets of Vijay Mallya and Rs 1,053 crore from diamond
by Publisher
The fifty-fifth Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will discuss proposed tax changes for life and health insurance premiums, including GST exemptions for term life policies covering families and health insurance for senior citizens. The Council will also consider reducing the GST rate
by Publisher
According to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala
by Publisher
The Union government has appointed Indian Administrative Services (IAS) officer Sanjay Malhotra , 56, as the next governor of the Reserve Bank of India (RBI) for a three-year term, starting December 11. Malhotra, who is currently serving as the Secretary of the Department of Revenue, succeeds Shaktikanta Das, whose tenure ends
by Publisher
On Monday, Adani Group reassured investors, showcasing cash reserves of ₹55,024 crore ($6.63 billion), sufficient to service debt obligations for 28 months, despite US bribery charges against founder Gautam Adani. The conglomerate plans $100 billion investments over a decade, with internal cash flows expected to cover ₹5.9
by Publisher
Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
by Publisher
The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold
by Publisher
India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in
by Publisher
India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary
by Publisher
If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.
by Publisher
Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.
by Publisher
Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
by Publisher
A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
by Publisher
The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
by Publisher
Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
by Publisher
India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in

India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary

If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.

Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering