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Music composer Anirudh Ravichander and Kavya Maran, CEO of Sunrisers Hyderabad, are set to tie the knot in November 2026. Following the destination celebration, a grand reception will be hosted in Chennai. High-profile invitees include political figures like Prime Minister Narendra Modi, Sonia Gandhi, Tamil Nadu CM Vijay and others. Read on!
ICICI Bank, Indian Bank hike FD rates: Check latest rates for senior citizens and general depositors
ICICI Bank and Indian Bank have revised fixed deposit (FD) interest rates from 23 October 2026. Check the latest FD rates for general depositors and senior citizens, including higher returns on select long-term deposits and Indian Banks special 555-day and 777-day FD schemes.
MHA seeks public opinion on proposed pan-India BB-PPDR communication network
The Ministry of Home Affairs (MHA) has invited public opinion and stakeholder inputs on the proposed network architecture for a dedicated pan-India Broadband Public Protection and Disaster Relief (BB-PPDR) communication system aimed at strengthening communication capabilities among police forces and other public safety agencies across the country.
A foreign traveller has praised India's road network, saying the country now has some of the best roads in the world after completing a journey of more than 2,500 km from Tamil Nadu towards the Himalayas. The drive took him through several states, including Karnataka, Maharashtra, Gujarat and Rajasthan, as India continues to expand its National Highway network.
Kerala Governor Om Prakash Mathur's decision to ban non-vegetarian meals in the Lok Bhavan kitchen has stirred controversy. Congress leader K.C. Venugopal criticized this directive, claiming it violates individual dietary rights. He highlighted Kerala's diverse culinary customs and emphasized the people's freedom to choose their diet. Sources from the Governor's office clarified that the kitchen's restrictions only apply to Mathur's personal meals.
The 8th CPC is consulting employees, pensioners and unions before submitting recommendations on salaries, allowances and benefits by May 2027. Here's what the ToRs state on dearness allowance and why employees are demanding DA merger
DA Hike 2026 UP Government Employees: Latest update, expectations on dearness allowance announcement
Uttar Pradesh government employees are awaiting a DA hike for July 2026 after the state last raised DA from 58% to 60% in May. Recent DA hikes in Himachal Pradesh and Kerala have raised expectations. Here's what you need to know.
India-Germany R&D partnership can boost joint innovation, manufacturing: Piyush Goyal
As per Goyal, India's trade agreements already cover two-thirds of global markets and could extend to 75% of global GDP over the next 12 to 18 months
The EPFO ECR deadline for September 2026 is 31 October. Find out how the revised 25,000 PF wage ceiling affects employee contributions, payroll calculations, mandatory EPF membership and employer compliance requirements.
A7 International: Global payments from crypto wallet to local fiat
Transactions across borders have always been a challenge, plagued by slow bank transfers, endless paperwork, and hidden fees. A7 International changes that by bridging the gap between crypto and traditional banking.
Gajab Raat ending explained: Who is the mystery girl Arya? Manoj Bajpayees fight against corruption
Gajab Raat is a gripping crime thriller that stars Manoj Bajpayee as a morally compromised police officer in Delhi. His investigation into an injured journalist, Arya Sahni, unveils a sinister plot involving influential figures. With recorded evidence of a planned vaccine shortage for profit, Ajay Nirvit faces a dilemma: protect Arya from political threats while secretly pursuing truth. Read on to find out what happens in the end.
In the teaser, Robert Downey Jrs Dr Doom makes a debut. He is seen threatening the Avengers ominously, saying that they are living stolen lives. The Iron Man star's casting as the antagonist Dr Doom has sparked fan theories if Dr Doom is to be depicted as an alternate version of The Iron Man/Tony Stark, although the producers have neither conformed nor denied the theories.
Meghan Markle has recently voiced her anguish regarding disturbing allegations against her estranged father, Thomas Markle Sr. These serious accusations, including possession of child abuse materials, have been firmly denied by him. Following a 2018 letter sent to British authorities, investigations are currently ongoing. Meghan emphasizes that her choice to shield her children from Thomas Sr. stems from protective instincts.
West Bengal farmers cut area under early potato varieties due to unremunerative price
Currently, truck-loading prices at cold storage gates for the Jyoti potato are ruling at a 500 per quintal, some 100 lower than the same period last year
Why the future of food procurement will be data-driven
The real question is whether that prediction helps farmers earn better, consumers eat better, and the food system wastes less water and soil
A new law of behavioural agri-economics: Why agrarian resilience is biological, not financial
Protecting farming families physical health capital ensures that state investments in seed, power, and credit deliver their intended economic return season after season
DA hikes: From Himachal Pradesh's Diwali increase to Kerala, Telangana, Sikkim, Punjab and Andhra Pradesh announcements Check full list of states that have released dearness allowance hikes this year.
Rethinking Indias food system: Connecting farmers, retailers and consumers
Strengthening growers access to organised markets can help sustain these practices while making traditional and nutritious food choices more accessible to consumers
Udta Teer, the latest spy comedy featuring Ayushmann Khurrana and Sara Ali Khan, has hit theaters with an impressive opening of Rs 4.10 crore on its first day. Directed by Akash A Kaushik, the film is generating buzz ever since its release. The weekend box office performance will play a pivotal role in determining its long-term success.
Tiger Woods girlfriend Vanessa Trump is finally cancer free six months after diagnosis
Vanessa Trump revealed her cancer diagnosis on Instagram in May and has recently been declared cancer free. Recent tests showed that she has no signs of cancer, marking a significant moment in her health journey. Vanessa's daughter, Kai Trump, shared the news in a video aimed at raising awareness for breast cancer. Additionally, Vanessa's new partner, Tiger Woods, has been supportive throughout her treatment.
Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.
Will the 8th Pay Commission merge dearness allowance (DA) with basic pay? Here is what the 5th, 6th and 7th Pay Commissions recommended, along with FNPO, Bharat Pensioners Samaj and AIDEFs key demands. Read on to know more.
Akasa Air has announced the extension of its flight suspensions to Jeddah and Riyadh due to rising security concerns. The airline's decision is based on a careful assessment of the prevailing safety environment in Saudi Arabia. Passengers whose flights are affected can choose full refunds or reschedule their trips without extra charges. The Indian government is actively assisting stranded Umrah pilgrims and coordinating their return home.
Volkswagen freezes India EV investment as JSW partnership talks continue
Volkswagen has paused further investment in its India electric-vehicle programme pending greater clarity on a potential partnership with Sajjan Jindals JSW Group. The German automaker has completed preliminary design work using a low-cost EV platform developed for China but awaits a clearer business plan. The pause could delay its India EV push as competition intensifies and affordable electric-car sales accelerate.
During Game 1 of the World Series, Marvel Studios unveiled an exciting sneak peek of Avengers: Doomsday, featuring a lineup of acclaimed actors. The film reunites beloved characters from various Marvel worlds, with Robert Downey Jr. stepping into the role of Doctor Doom. The clip also features Pedro Pascal, Joseph Quinn, and Chris Evans.
The 8th Pay Commission may consider raising the leave encashment limit for central government employees from 300 to 450 days. Know how the proposal could boost retirement payouts, what unions are demanding and whether the change has been approved.
Bank holiday today: Public and private lenders, including the State Bank of India, HDFC Bank, ICICI Bank and PNB branches, will be closed on 24 October for fourth Saturday off. Check the full RBI calendar here
Anika Rashaun, known for her role on MTV, died at 34 due to breast cancer this month. Her friend Tiara Ramos announced the news through a heartfelt post highlighting Anika's struggle with cancer. Anika was diagnosed with stage 4 breast cancer last year, a shock considering her lack of high-risk classification. She married Kyle Walker-Rehn on Valentines Day, showcasing her vibrant life until the end.
'We may do another Epic Fury': Trump warns Iran of potential strike if deal not reached
Donald Trump issued a military warning to Iran during a campaign rally, suggesting possible future strikes. He highlighted the importance of diplomatic negotiations, implying that Iran's leadership may not be sufficiently strategic. Trump discussed the US Navy's presence in the Caribbean and noted Senator Marco Rubio's role in diplomacy. Additionally, he announced a federal investment of $250 million to hire new nurses for elder care facilities.
Jailer 2 has achieved a remarkable milestone, surpassing Rs 628 crore in global earnings since its debut. It has outperformed major films like Vijay's Leo and the original Jailer. With substantial revenue from international markets, it's now the second highest-grossing Tamil film. Read on to know how much it earned on day 8.
Ukrainian negotiator says local humanitarian ceasefire with Russia will start on Tuesday
A ceasefire in the Kherson region of Ukraine will commence to enable humanitarian efforts in Oleshky. Melania Trump has played a crucial role in organizing aid delivery and civilian evacuations. The agreement was reached between Ukrainian, Russian and US negotiators ahead of the mission. Civilians in Oleshky are facing dire conditions with limited food and medical supplies. Safety measures for the mission will include mine clearance and secure evacuation routes.
Nuclear power could more than triple by 2060, UN agency says
Rafael Grossi from the IAEA forecasts that nuclear power usage may more than triple by 2060. This increase will be driven by rising demands for electricity, especially from data centers powered by artificial intelligence. Grossi emphasized the importance of nuclear energy for energy security and its safety compared to other options. He also highlighted concerns regarding nuclear programs in Iran and North Korea, urging diplomatic efforts.
First tanker of Russian diesel sets sail for the US in Trump's controversial deal with Putin
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Indians develop a taste for dark chocolate as household demand jumps 45%
Households in India are increasingly purchasing dark chocolate, with a significant rise in demand over recent years. Urban consumers account for the majority of dark chocolate purchases, driven by rising incomes and health awareness. The growth is supported by trends in quick-commerce, making premium products more accessible. Despite its growth, dark chocolate remains a small segment in India's larger confectionery market.
Carlsberg India's revenue dips 2% as sales volumes, market share rise
Carlsberg India reported a 2.3% decline in total income to 8,815 crore in FY26. Despite the revenue drop, net profit rose by 22.1% to 535 crore, surpassing United Breweries' profits. The company's market share improved to 16.2%, maintaining its position as India's third-largest brewer. Carlsberg attributed its profit growth to strong volume increases and enhanced brand performance.
States urged to enforce ban on reuse of single-use medical devices
The Directorate General of Health Services has issued a directive to prohibit the reuse of single-use medical devices. Violations by some private hospitals have raised concerns regarding patient safety and regulatory compliance. The directive specifically targets misuse in high-stakes medical fields such as cardiology and neurosurgery. Monitoring and enforcement of compliance by healthcare establishments have been mandated.
Hunter Biden Laptop case: The case was filed less than two weeks before the November 3 elections via criminal complaint, which means prosecutors have not yet presented the allegations to a grand jury for an indictment.
'Ilhan Nur Said Elmi': Trump calls for Omars resignation, revives controversial name allegation
Diet Coke, beer makers get 6-month breather as govt extends aluminium can certification deadline
The government has extended the deadline for quality certification of aluminium beverage cans to April 2027. The extension provides manufacturers necessary time to increase production amidst growing demand. Many brands are experiencing supply challenges due to disruptions from the Middle East conflict. The beverage industry had hoped to produce additional cans but fell short of expectations. Consequently, manufacturers are seeking regulatory relief as they attempt to meet rising consumer needs.
Typically, orange peels are thrown directly in the trash. Nonetheless, a girl from South Africa transformed kitchen waste into a solution for water shortages that could spell disaster for farmers. As reported by the BBC, Kiara Nirghin, a South African girl, tested kitchen waste to assess how well it can absorb and hold water.
Lava MD Sunil Raina, CFO Rajesh Sethi exit amid turnaround
Raina, who has been with the company for 16 years, will step down by the end of December, according to people familiar with the matter. Sethi is currently serving his notice period. Earlier, chief manufacturing officer Sanjeev Agarwal quit the company to join memory maker Micron.
Commerce minister Piyush Goyal discusses investment avenues with German companies
Piyush Goyal engaged with major German firms like Siemens Healthineers, Bayer, and Fresenius to discuss investments. He highlighted Bayer's plans for expansion and collaboration in India's healthcare ecosystem. Goyal also addressed opportunities for Fresenius to leverage India's talent for healthcare solutions. Furthermore, he explored ways to strengthen Siemens Healthineers' presence in the country. These discussions reflect India's growing relevance in the global healthcare market.
Private sector activity hits four month high in October
India's private sector activity experienced significant growth in October, reaching a four-month high as new orders increased. The HSBC Flash India Composite Purchasing Managers' Index rose to 56.7, signaling expansion. Manufacturing output and new orders remained stable, while services activity saw notable improvement. Employment increased slightly, although firms showed caution in hiring due to adequate staffing levels. International demand contributed to growth, with export orders expanding significantly during this period.
Godrej Properties Q2 Profit Drops 62%, Pre-Sales Down
Godrej Properties reported a significant 62 per cent decline in consolidated net profit to Rs 154.15 crore for the September quarter, primarily due to higher expenses, while its sales bookings also fell by 6 per cent to Rs 8,008 crore.
India to remain strict on quality: Industry minister Piyush Goyal
India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europes carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.
FSDC stresses on vigilance, reforms amid global uncertainty & AI boom
Finance minister Nirmala Sitharaman led an important session of the Financial Stability and Development Council, focusing on maintaining financial stability amidst looming geopolitical tensions and fluctuating global bond yields. Key topics included fostering a robust domestic investment climate, ensuring effective capital movement for reform, and addressing cybersecurity needs within the financial sector.
Apple has collaborated with The Conservation Fund to revitalise 14,000 acres of coastal redwood forest in California. This ambitious project aims to safeguard ecosystems while benefiting wildlife, enhancing carbon storage, and enriching local communities. It plays a vital role in Apples commitment to achieving carbon neutrality by 2030, as the ongoing monitoring of forest growth is intended to generate carbon credits, aiding in the reduction of emissions.
More bugs out there: PHP2Shell is just the start
Indian realty sector sees 69% fall in deal value to USD 705 mn in Jul-Sep: Grant Thornton Bharat
Indian real estate recorded USD 705 million in deals in the July-September quarter. This marks a significant 69 percent decrease from the previous quarter's USD 2.3 billion. Deal volumes also fell by 38 percent quarter-on-quarter, indicating a cautious investment climate. Private equity remained a key contributor with nine transactions valued at USD 555 million.
For those rushing out the door in the mornings, breakfast can often feel like an insurmountable task. Mumbai nutritionist Vanshika Khurana simplifies this with a delectable savoury yoghurt bowl thats packed with 45g protein and 17 g fibre. Featuring Greek yoghurt, chickpeas, and crisp vegetables, paired with a hint of spices, its a protein-rich solution. Quick sauting and toasted bread make this a swift yet healthy choice for busy days.
Trump admin seeks to block Alaska Senate result if Republicans lose
The US Justice Department is seeking to invalidate Alaska's Senate election results if the Republican incumbent loses next month, in a rare legal move that raises questions about the Trump administration's willingness to accept defeat in the midterms. Democrats have accused the Trump administration of seeking to influence the November vote by expanding federal control over state-run elections and by repeatedly questioning the integrity of election results.
Upper-layer NBFCs must list on stock exchanges: RBI Guv Sanjay Malhotra
His remarks come amid a debate over whether Tata Sons, the holding company of India's largest conglomerate Tata group, is required to go public
In Trappes and La Verriere, a Paris suburban area, a gunman opened fire, killing one person and injuring several others. Authorities suspect the attack to be racially motivated, leading them to classify it as a terrorist crime. A twelve-year-old girl was among the seriously injured, reflecting the attack's random targeting of passersby. The suspect was arrested shortly after the shootings, which happened in under fifteen minutes.
Bombay High Court questions arrest of Schaeffler India chief after fatal factory accident
The Bombay High Court's ruling comes after an incident on June 9, 2026 left two workers dead from to a gas leak. Harsha Gopal Kadam's arrest followed on October 19, with fresh charges leveled against him. The court emphasised a lack of substantial evidence to warrant his continued custody.
The banks bottom line for Q2FY27 was supported by a rise in net interest income, which stood at 4,569 crore as against 4,409 crores a year ago
Government to modify labour survey to capture gig economy, unpaid household workers
Periodic Labour Force Survey will include additional questions to measure labour underutilisation
Strong macro fundamentals, policy interventions to anchor eco against global headwinds: RBI bulletin
Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and trade tensions. Recent geopolitical frictions have resulted in increased prices and supply chain issues, leading to policy changes. Currency fluctuations were observed, but measures by the Reserve Bank helped stabilize the rupee recently. Foreign Direct Investment remains robust, driven by significant inflows from major sources like the US and Singapore.
Bharat Petroleums net profit dips amid volatile crude prices in Q2
Bharat Petroleums revenues spurred 29% whilst net profit declined 22.5% on a year-over-year basis in Q2
On July 29, Karishma Tanna embraced motherhood with the arrival of her first child and has been candid about her postpartum experiences. She openly discussed the physical changes she faced and the struggle for self-acceptance following childbirth. Tanna expressed feelings of being overwhelmed with shopping and reevaluating her personal expectations, highlighting the necessity of patience in healing her body during this change.
Govt to fund 50% of deepwater exploration costs under Rs 84,084 crore Samudra Manthan scheme
The Indian government will provide financial support under the Samudra Manthan scheme for deepwater drilling activities. Recently issued guidelines extend this support to previously awarded Open Acreage Licensing Policy and Discovered Small Field blocks. Additionally, the financial assistance covers seismic surveys and a portion of exploratory well costs. Recovery of government funding will begin after commercial production or upon recovering 50% of costs.
GTPL Hathway begins publishing TV viewership data from 10,000+ set-top boxes
GTPL Hathway has introduced audience viewership data for TV channels through its set-top boxes across various markets. This is an industry first and adheres to the guidelines from the Ministry of Information & Broadcasting. It uses return path data to derive insights without collecting personally identifiable information from subscribers.
India's net FDI inflows rise to $13.8 billion in April-August FY27: RBI
Net FDI inflows increased from $9.6 billion a year ago, supported by higher gross inward investment and a slowdown in outward FDI, according to Reserve Bank of India data
Pedro Pascals Gladiator II is back in the spotlight on Netflix, topping the US movie charts. Even though it made over $462 million at the box office, it was made on a $250 million budget, so the studio isnt rolling in profits. The movie revolves around Lucius, grappling with revenge and challenges after becoming a gladiator.
Tata Motors expects double-digit growth for CV industry in FY27
In the financial year 2026, India's commercial vehicle sales crossed the one-million mark with a 12.6 per cent rise to 10.80 lakh units. Almost 60 per cent of the industry volume comes from light commercial vehicles.
Sagarmala Finance Corp aims for Rs 60,205 cr disbursal by 2031
Sagarmala Finance Corporation Limited has announced a cumulative disbursement target of Rs 60,205 crore by 2031. The financing has reached Rs 11,563 crore, with Rs 5,107 crore disbursed so far. Union Shipping Minister Sarbananda Sonowal emphasized SMFCL's role in supporting port-led development and shipbuilding initiatives. The Maritime Investment Fund aims to strengthen long-term financing for maritime projects nationwide.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
RBI tightens operational risk capital norms for banks from April 2027
The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027
Currency in circulation growth hits five-year high, says RBI report
Currency in circulation rose 13.5% YoY to 43.46 trillion in October, while reserve money grew 10.3%, supported by FCNR(B) inflows and RBI liquidity measures
Outward remittances under LRS rise 3.6% to $2.74 billion in August 2026
Outward remittances under the RBI's Liberalised Remittance Scheme rose 3.6% YoY to $2.74 billion in August, driven by overseas investments, while education spending fell
Koffee With Karan kicked off its ninth season with the lively duo Rashmika Mandanna and Vijay Deverakonda as featured guests. Previously, Abhishek Bachchan took a walk down memory lane, sharing quirky stories about his family's WhatsApp dynamics, highlighting Jaya Bachchan as the chatty one and Amitabh Bachchan as the silent observer. He also recounted a funny moment when Amitabh's response was notably delayed.
VISHWAS 2026 is a one-time settlement scheme that lets employers resolve disputes over damages levied for delayed Provident Fund contributions. Several High Courts have directed or encouraged employers to use the scheme to close pending litigation.
RBI flags rising inflation risks from West Asia conflict, El Nino despite resilient Indian economy
India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves. Inflationary pressures have intensified due to geopolitical tensions and supply-side bottlenecks. The RBI reported an increase in both industry and services indicators, showcasing economic strength. The IMF has revised India's growth projection for 2026-27 to 7% based on resilient domestic demand. Global financial volatility has increased amid global challenges and rising inflation risks.
India says peace along China border essential for growth in bilateral ties
Border situation gets periodically disturbed when Chinese forces diverge from established patrolling patterns: MEA
Net FDI at $3.3 billion in September 2026, positive for third consecutive month
FDI inflows exceeded outflows in seven out of the last eight months, a reversal of what occurred in the five months before that
RBI alert about AI-driven cyber risks, banks taking steps to plug vulnerabilities: Governor
RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks and the RBI to secure IT infrastructure against these risks. The State Bank of India acknowledged potential data exposure, prompting increased vigilance for customer protection. Malhotra expressed confidence in India's robust forex reserves and external sector resilience amid these challenges.
What kind of AI economy does India want to build?
Forex Reserves Fall by $5 Billion to $721 Billion
India's foreign exchange reserves saw a decline of USD 5.011 billion, reaching USD 721.016 billion for the week ending October 16, as reported by the Reserve Bank of India. This marks a continued downward trend from their all-time high in September.
Hallmark Christmas movies 2026 ranked: why Holiday Touchdown: A Bears Love Story tops the list
As the holiday season approaches, Hallmark presents an enticing array of Christmas films for 2026. At the forefront is 'Holiday Touchdown: A Bears Love Story', a heartwarming narrative blending football fervor, familial bonds, and romantic intrigue. Next on the list is 'Tis The Season For Setups', where a matchmaking mission leads to charmingly unexpected romances. Concluding the lineup, 'Mr. & Mrs.
Chennai airport ATF tax cut to 16% from 29%; rate slashed to 1% for other TN airports
The move is expected to ease airlines operating costs and, in turn, reduce the cost of air tickets
JK Tyre to hike prices by 4-5% in Q3 as raw material costs stay elevated
JK Tyre & Industries Ltd intends to raise tyre prices by 4-5% in the current quarter. The company aims to offset higher raw material and container freight costs. This follows previous price increases of 5% and 7% in earlier quarters. The company reported a decline in profit for the July-September quarter amid challenging operating conditions. Rising costs of raw materials continue to impact the company's profit margins going forward.
Indian economy anchored by solid macroeconomic fundamentals and policy interventions: RBI bulletin
West Asia crisis drives oil prices, inflation risks
Indian pharma: Unethical practices, marketing rules under lens; new review body set up
The review comes against the backdrop of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP), which was introduced in 2015 as a voluntary, industry-led mechanism to promote ethical conduct in pharmaceutical marketing and regulate interactions between drug companies and healthcare professionals.
In 2020, Leisa Eckerle Hankins bought Benjamin Twiggs, a cherry store in Michigan, unaware her father had previously invested in it. Growing up amidst cherry farms, she often helped her family harvest cherries. Now, her whole family is engaged in the cherry business, overseeing 257 acres and 20,000 trees. The store sells various cherry goods, from sodas to jams, while Leisa champions sustainable practices to uplift local farmers.
RBI governor backs Tata Sons classification
New Delhi: RBI Governor Sanjay Malhotra on Friday justified the classification of Tata Sons as an upper-layer NBFC, saying that any large NBFCs or core investment companies that handle public funds or leverage a group's balance sheet need to be registered with the central bank and follow the requisite listing norms.Large NBFCs and core investment companies (CIC) like Tata Sons and others are required to be registered with the RBI because of the systemic risks, because they sit on top of group companies where they leverage funds and they use the balance sheets of the group companies to return those funds, he said at the NDTV World Summit.So, the funds of the public, whether it is through corporate bonds, banks and other means, that is at risk...so, it is for these reasons that these CICs, or NBFCs, are required to be registered, he said.CICs that do not have direct or indirect access to public funds are exempt from the registration requirement, he said.As long as it is an NBFC within our definition, it is a CIC, it has access to funds, direct or indirect, it's required to be registered, and if it is in the upper layer, then it is required to list, he said.Last month, the RBI rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, which will force a public listing of the holding company of the salt-to-software conglomerate Tata Group.This makes a public listing of Tata Sons imminent as it qualifies as an upper layer NBFC, which must mandatorily list on the stock exchanges.Tata Sons was placed in the upper layer in September 2022. It had applied in March 2024 to surrender its registration, and had repaid its debt in an effort to qualify for deregistration.The Tata Sons board has since moved ahead with steps linked to a possible public listing, while saying it will examine other options amid a deepening row within the conglomerate.Malhotra reaffirmed the central bank's primary objective is maintaining price stability with inflation targeting while supporting long-term economic growth.India's strong macroeconomic fundamentals continue to support economic activity, with high-frequency indicators pointing to resilient growth across sectors, he said.Inflation targeting remains a priority, along with growth, he said, adding that the RBI is committed to maintaining price stability while supporting the economy.He pointed to indicators such as cement and steel sales, credit growth, tax collections and automobile sales as evidence that economic momentum remains intact.According to the RBI governor, growth is broad-based, with activity holding up across several segments of the economy.The governor also said inflation remains within the RBI's tolerance band, although supply-side pressures, particularly from food and fuel, continue to pose challenges to the inflation outlook.He referred to an average inflation projection of 5.1 per cent for the current year, attributing the outlook to supply-side factors.On the rupee, Malhotra said the central bank is not targeting any particular exchange-rate level.Instead, he said, the RBI's focus is on ensuring orderly conditions in the foreign exchange market and managing volatility rather than defending a specific currency value.
IBM India leases 2.83 lakh sq ft office space in Bengaluru for 10 years
IBM India has leased an extensive office space at Radon tower in Bagmane Solarium City. The lease agreement spans over a decade, with estimated costs totaling Rs 522 crore. IBM will pay a monthly base rent of Rs 2.49 crore, subject to a 15% escalation every three years. Additionally, the company will incur fit-out costs over five years, approximately amounting to Rs 179 crore.
Income Tax Form 141 covers property sales, rent, contractor payments and more: Details here
Form 141 is intended to streamline TDS reporting and payment for transactions involving immovable property, rent, payments to contractors or professionals, and transfers of virtual digital assets (VDAs).
RBI revises bank leverage ratio norms, new framework effective April 2027
The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027
India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group says
The British government said iconic UK products like whiskies would benefit from the pact. Indian investigators, however, have privately told companies the reduced rate does not apply to bulk Scotch concentrates, creating the first significant dispute over the free trade agreement since it took effect.
Indias warehouse leasing rises 26% as auto demand jumps 70%, institutional deals gather pace
Automobile manufacturers and logistics operators are driving Indias warehouse expansion as institutional investors pursue large property portfolios.
