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Wife got Rs 50 lakh permanent alimony and divorce even though she couldnt prove husbands affair with maid; Know how she won case in Patna HC
Eternal SBI Card launched: SBI credit card offers 10% discount and 5% cashback with limits
Essar Oil & Gas wins five CBM blocks across three states, adds 6.6 Tcf gas reserves
Essar Oil & Gas has acquired five coal-blend methane blocks across West Bengal, Madhya Pradesh and Telangana. The company aims to enhance domestic natural gas production while developing approximately 1,281 square kilometers of new acreage. This expansion also includes significant resources of around 6.6 trillion cubic feet of gas-in-place. Essar currently produces nearly 50 percent of Indias CBM production, reflecting its strong position in this sector.
A 25-year-old living independently in a Tier 1 city may need a monthly take-home salary of 70,000 to 1.4 lakh to meet living expenses and save 20-30% of income, depending on the city and lifestyle.
Tatkal NPS now available on BHIM app: How to open NPS account in 3 steps
The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank customers. This feature simplifies account creation without the need for a physical bank visit.
India insurance regulator to oversee smooth transition to new commission rules, chairman says
India's insurance regulator, the IRDAI, plans to implement reforms for insurance sales to improve the market. Proposed changes include capping commissions and tightening expense limits to reduce costs and mis-selling. Ajay Seth stated the intention is to avoid disruption within the industry during this transition period. Insurers and distributors have expressed concerns regarding the potential impacts on business models and job security.
CKK Retail Mart proposes a 5:1 bonus issue; increase in authorised capital
CKK Retail Mart has announced plans to issue bonus shares in a ratio of 5:1 for existing shareholders. The company intends to increase its authorised share capital significantly from Rs 20 crore to Rs 117 crore.
Reliance Jio Platforms IPO could reshape mutual fund exposure to Indias telecom sector. While some schemes have significant allocations to Bharti Airtel and Vodafone Idea, the impact will depend on valuations and fund managers' investment strategies. Here's what you need to know.
Supply-chain efficiency and sustainability in operations: Rinkesh Satijas 2-Cents!
PepsiCo India collaborates with over 36,000 farmers to boost agricultural productivity and implement sustainable farming practices. The company's commitment includes investments in innovative technologies and infrastructure enhancements geared toward reinforcing its supply chain for future growth. Initiatives such as the KosiPataudi EV Green Corridor aim to minimize environmental impact while optimizing distribution efficiency.
New FEMA rules for foreign payments: what freelancers need to know
The reporting mechanism could help authorities identify suspicious transactions, including instances where services are falsely declared to move money across borders.
A credit score above 750 can strengthen a personal loan application, but it does not guarantee approval. Here's why.
JetSynthesys launches AI-powered creative platform JetKreate
JetSynthesys has introduced JetKreate, an AI-powered platform integrating scripting, visuals, audio, and video production. This platform was revealed at the CII Big Picture Summit 2026 in Mumbai and aims to streamline content creation. JetKreate caters to individual creators, marketers, brands, and agencies by allowing the development of various types of content. The platform offers free credits for new users alongside paid plans for enhanced features.
The tribunal held that a taxpayer could claim Section 54 exemption for the basement, ground floor and third floor received after redevelopment, while also directing a revised calculation of capital gains using a registered valuers report.
The Department of Telecommunications in India has amended caller identification regulations for telecom services. Caller IDs will now display the subscriber's registered name from November 1, 2026. This updated definition of Calling Line Identification includes the caller's name in telecom provider records.
Fairfax plans to bring Digit, IIFL Capital under IDBI Bank
Fairfax Financial Holdings plans to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, creating a financial-services group spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax's selection as strategic buyer for a 60.72% stake in the Indian lender for about Rs 52,878 crore.
Ethanol supplies top 987 crore litres by September, grain feedstocks lead: AIDA
By the end of September, India's cumulative ethanol receipts reached 987 crore litres in the current supply year. Grain-based feedstocks accounted for over 71 percent of total ethanol receipts during this period. Maize was the largest contributor, supplying 413 crore litres, while surplus rice contributed 222 crore litres. Sugar-based feedstocks also provided significant amounts, fulfilling nearly all of their allocations.
Dave Ramsey recommends teaching children four balanced money habits. He is the author of the international bestseller, The Total Money Makeover.
Debt mutual funds see Rs 1.83 lakh crore exit in September. What drove the outflows?
Debt mutual funds experienced sharp outflows of Rs 1.83 lakh crore in September, primarily driven by quarter-end treasury withdrawals and advance tax commitments. Liquid and money market funds accounted for most redemptions, though analysts consider these routine institutional movements rather than a structural decline in demand.
IDBI Banks proposed stake sale to Fairfax has raised questions for depositors, FD holders and employees. What could the ownership transition mean for existing deposits, interest rates, banking charges and job security? Here is what experts say.
Canadian billionaire and Asian banking titans find 1.32 lakh crore worth of interest in India
In recent months, foreign investment in Indias financial sector has grown significantly, resulting in major acquisitions. Fairfax Financial Holdings secured a large stake in IDBI Bank, while Mitsubishi UFJ Financial Group poured resources into Shriram Finance. Additionally, Emirates NBD established a notable presence in RBL Bank. Such initiatives promise to alter the competitive dynamics and improve service capabilities in the Indian banking sector.
Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed for private and government employees in India.
Mutual fund investments in September: Which sectors are gaining the most?
Mutual funds increased exposure to Healthcare, Metals, Private Banks and other sectors in September, while trimming weights in Technology, Automobiles and PSU Banks. Motilal Oswal's report also highlights sector-wise changes in portfolio values and mutual fund ownership relative to the BSE 200.
Bhumika group to invest another Rs 450 crore for land acquisition in Faridabad
Bhumika Realty plans to invest Rs 450 crore in land acquisition in Faridabad by March 2027, taking its cumulative land investment in the city beyond Rs 1,000 crore. The real estate arm of Bhumika Group has invested Rs 550 crore over the past year and is expanding across residential, plotted and mixed-use developments.
After redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai for this reason
Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India deal
Fairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5.56 billion) deal for a 60.7% stake in the lender. The proposed restructuring would bring together banking, insurance, investment banking and wealth management, subject to regulatory approvals.
Nestl India says rising inflation, particularly food inflation, is a reality
Nestl India has reported a strong 20.5% increase in sales for the September quarter. Profit after tax rose significantly due to robust volume growth across its product categories. Despite challenges from rising food inflation and volatile commodity prices, the company aims to enhance operational efficiencies. Investment in advertising and marketing increased as brand growth remains a priority for the organization.
Supreme Court upholds Bombay HC ruling quashing YES Bank's Rs 8,415 crore AT1 bond write-off
The Supreme Court has confirmed the Bombay High Court's verdict that invalidated YES Bank's write-off of AT1 bonds totaling Rs 8,415 crore, part of a March 2020 restructuring plan. Investors, both institutional and retail, took their grievances to the High Court, leading to YES Bank, the RBI, and the Centre appealing this outcome. This ruling now grants bondholders a pathway to recover their investments that were previously at risk.
Maison DArome wants India to say oui to luxury perfumes without the heavy price tag
Maison D'Arome has introduced a collection of premium perfumes in India aimed at discernible consumers. The brand asserts its fragrances are crafted with high-quality ingredients. The Indian perfume market is projected to experience significant growth driven by urbanization and rising incomes. Maison D'Arome plans to expand its portfolio and enhance its presence through retail partnerships. The company's founder emphasizes that luxury should be accessible without compromising quality or experience.
Canada's Warren Buffett bets his billions on India. What does he see?
Prem Watsas Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking Indias largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet.
294% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.94 lakh
Sovereign Gold Bond: The Reserve Bank of India has announced that the premature redemption price for Sovereign Gold Bonds will be set for October 2026. These bonds can be redeemed five years after their issuance at a fixed price. This redemption value is determined by the average closing gold price from the preceding three days.
Over the next five years, people could use AI to support services such as website design, writing, translation, and business consulting, or to build courses, videos and products.
ICICI Life bets on women advisors, plans 20,000 hires by FY27
ICICI Life Insurance plans to recruit 20,000 women advisors across India by the end of FY2027 under its Narishakti initiative. Women currently account for around 32% of its advisor base but contribute 45% of agency business. More than 78,000 women advisors were associated with the insurer as of September 30, 2026.
ReNews Sumant Sinha says cheaper nuclear power can replace coal in India
Sumant Sinha, Chairman & CEO of ReNew, indicates that nuclear projects could be a viable alternative to coal. He emphasizes that reducing the high setup costs of nuclear plants is crucial for wider adoption. India aims to increase its nuclear capacity from 8.8 GW to 100 GW by 2047. Current estimates suggest this growth will require substantial investments of Rs 15 lakh crore.
SGB 2019-20 Series V investors can redeem their bonds at 14,725 per gram on October 15, 2026. Price gains range from 289% to 294%, excluding interest and taxes. Budget 2026 changes mean premature redemption is no longer eligible for the capital gains tax exemption.
India keeps Pernod Ricard in high spirits even as its top markets cut down on the cheers
Pernod Ricard has reported a 19% rise in sales in India, providing some relief against drops in bigger markets like the US and China. Overall, the company witnessed a slight year-on-year decline of 0.9% for the first fiscal quarter, with US sales down 10% and Chinese sales plummeting by 25%.
Trevoc plans Rs 800-1,000 crore investment to expand to tier-2 cities
TREVOC is set to invest between 8001,000 crore in new projects over the next three years. The company aims to generate a gross development value of 3,0003,500 crore through this expansion. Proposed projects include integrated townships in Sonipat and Panipat, consisting of residential and commercial spaces. TREVOC also plans to develop approximately five lakh sq. ft. of commercial property alongside its residential portfolio.
Canara Bank has Rs 47000 crore corporate loan pipeline
Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements.
Mr Anwar believed that the flat would be delivered after disposal of the litigation. However, after waiting for another 3 years, he came to Patna (from USA) in September 2011 and went to the builder with his sister to inquire about the same.Allegedly, one of the directors of the construction company refused to hand over the flat, demanding another Rs 20 lakh for possession, and threatened them.
Gold rate today: Gold prices saw a notable dip across major Indian cities on October 15, 2026, with leading jewelers such as Joyalukkas, Malabar Gold & Diamonds, and Kalyan Jewellers announcing lower rates for 22k gold jewellery.
5 money lessons from international bestseller 'The Automatic Millionaire' by David Bach
David Bachs The Automatic Millionaire argues that building wealth depends less on earning a large salary than on creating habits that make saving and investing automatic.
India passenger vehicle sales rise 22% to 4.54 lakh units in September: SIAM
September 2026 marked a pivotal month for India's automotive sector, with car sales climbing by 22%, reflecting strong consumer interest. Ahead of the festive season, manufacturers stepped up shipments, while two-wheeler sales also surged by 13.5%. This upward trend was bolstered by enhancements in affordability and infrastructure. Despite ongoing global geopolitical tensions, optimism about maintaining this demand growth remains high.
The local unit of Barclays appoints Sonali Sharma as Managing Director and Head of Legal
Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.
Barclays India appoints Bank of America's Sonali Sharma as legal head
Sonali Sharma has been appointed as managing director and head of legal at Barclays India. She previously served as head of legal and general counsel at Bank of America. Her career began as a trainee at Mulla & Mulla before moving to Juris Corp. Sharma has extensive experience in capital markets and risk management. Several banks are bolstering their legal teams in response to regulatory changes.
PepsiCo warns 'energy drink' ban could run its India supplies dry as Red Bull sells on
PepsiCo told an Indian court
Everyone has money advice. Who should young investors listen to?
Gen Z has more financial advice at its fingertips than any generation before it. But with influencers, family, friends and AI offering competing answers, knowing whom to trust is the real challenge.
Indian mutual funds increased cash holdings to Rs 1.83 lakh crore in September, with cash allocation rising to 3.98% of total assets. SBI, HDFC and PPFAS led in cash reserves, reflecting varied investment strategies and liquidity positions amid market uncertainty and potential opportunities for future equity investments.
Gold and silver prices rebounded on October 15 after a three-day losing streak, following a sharp selloff. While easing Treasury yields and a weaker dollar supported the recovery, shifting Fed rate expectations remain key factors to watch.
In response to the recent uptick in the repo rate, State Bank of India has elevated its External Benchmark-linked Rates and the Repo Linked Lending Rate. As a result, borrowers can anticipate an increase in their equated monthly installment payments. However, the MCLR rates have only seen adjustments across various tenures, leaving overnight and one-month rates untouched.
HDFC Defence Fund increase stake in HAL, Mazagon Dock, Bharat Electronics and 7 others in September
HDFC Defence Fund increased its holdings in 10 stocks in September, including Hindustan Aeronautics, Mazagon Dock Shipbuilders and Bharat Electronics, according to ACE MF data. The fund also raised exposure to Bharat Forge, Eicher Motors and Tata Motors. However, it underperformed its benchmark over the three-year period despite stronger shorter-term returns.
Indian Railway annual bonus: The central government has announced a Productivity Linked Bonus for non-gazetted Railway employees for FY 2025-26. Railway employees will receive a bonus calculated at 78 days' basic wages, amounting to Rs 17,951. In contrast, other central government employees receive a significantly lower bonus calculated at 30 days' wages. Various employee associations have demanded an increase in the bonus wage ceiling due to rising inflation.
Mahindra XUV 3XO ZNG launched at Rs 9.99 lakh: Check features, mileage & variants
Mahindra has launched the XUV 3XO ZNG CNG in India at a starting price of Rs 9.99 lakh (ex-showroom). Available in four variants, the compact SUV offers a claimed mileage of 24.70 km/kg, a 1.2-litre turbo-petrol engine, twin CNG cylinders, a panoramic sunroof and a 360-degree camera. It rivals the Tata Nexon CNG and Maruti Suzuki Brezza CNG.
NCERT brings personal finance to Class 9, but can one chapter build money habits?
NCERTs new Class 9 chapter covers budgeting, saving, investing, insurance and tax. But teachers and experts say lasting money habits will depend on classroom practice, parental involvement and progressive learning.
boAt enters Sri Lanka, Bhutan; says international revenue more than doubled in FY26
boAt has announced its entry into Sri Lanka and Bhutan with a range of personal audio products, smartwatches, and charging solutions. The company aims to understand local consumers and adapt its offerings according to market preferences. In FY26, boAt's international revenue significantly increased, and its wearables business turned profitable. Future plans include expanding in existing markets and evaluating new opportunities across various regions.
Silver ETFs fall up to 5% as high oil prices weigh on sentiment. What should investors do?
Silver ETFs fell sharply on Thursday as elevated crude oil prices and uncertainty over US inflation data weighed on sentiment. Experts expect continued volatility amid interest rate concerns, dollar movements and geopolitical tensions. They advise long-term investors to consider accumulating gold and silver gradually while cautioning traders against short selling.
India leads Huruns U35 comparisons with 180 entrepreneurs, ahead of Chinas 101 and the UKs 62. It also has the most women.
Dearness allowance hike: Central government employees are still awaiting clarity on the July 2026 dearness allowance hike after the Union Cabinets latest meeting. While the announcement remains pending, two other proposals have received approval.
Central Railway has sought approval to divert around 6.5 hectares of forest land in Maharashtra for a 32.23-km fourth railway line between Kalyan and Asangaon. Estimated to cost Rs 1,619.96 crore, the project aims to ease congestion, increase train capacity and improve operations along the busy corridor shared by suburban, long-distance and freight services.
MahaRERA recovers Rs 369 crore in homebuyer compensation, recovery rate at 45%
Of the total amount recovered since the regulators establishment in May 2017, approximately Rs 260 crore was recovered up to December 2025, while another Rs 110 crore was recovered in 2026, providing relief to homebuyers awaiting compensation from developers.
Who is Romita Mazumdar? Foxtale founder is only woman among Huruns 10 youngest entrepreneurs
Romita Mazumdar, Foxtales founder and CEO, is the youngest woman on the Avendus WealthHurun India U35 List 2026. The 31-year-old launched the skincare company in 2021 after working in investment banking and private equity.
Sectoral mutual funds: Why investors should explore banking, auto, power and healthcare funds now
Sectoral mutual funds: Banking, automobiles, power and healthcare are among the sectors offering opportunities amid diverging performance between large-cap and small-cap indices in H1FY27. Here is what investors should know about the outlook.
Life Insurance Corporation of India is set to launch three new insurance products on October 19, 2026. These offerings, namely New Jeevan Dhara-II, Health Shield, and New Cancer Cover, have been designed to cater to various financial needs like retirement funds and health insurance. Customers will have easy access to these plans online via LIC's official portal, promising a boost in financial stability for families.
Blacklisted, sued, sold to collectors? The real cost of not paying your credit card bill
Tata Technologies shares surged after reporting a 4% YoY rise in Q2 net profit to Rs 171 crore. Revenue grew 28% to Rs 1,699 crore, led by a 34% jump in services revenue to Rs 1,356 crore. EBITDA rose 32% to Rs 273 crore, with margins expanding 40 bps to 16.1%. Services revenue grew 4.3% sequentially in constant currency terms to $142 million.
Best value funds to invest in October 2026
If you are new to value investing, you should acquaint yourself with this style of investing and its merits and demerits. A value investor tries to choose stocks that are available at cheaper valuations. These investors employ various ratios and methodology to identify such stocks. Essentially, they look for stocks that are available at a discount to their real or intrinsic value. Simply put, it means the market hasn't discovered the true potential of these stocks and they are available at a discount.
Birla Estates in advance talks to buy Noida plot for Rs 1,000 crore
Birla Estates is in talks to acquire a 10-acre site in Noida from the Shipra Group for Rs 1,000 crore. The company intends to build a luxury residential development on this prime land in central Noida. This follows Birla Estates' recent collaboration with Sikka Group on another project in Greater Noida.
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ's current trading status
NTPC Share Price Live Updates: NTPC's Current Price and Long-Term Returns
HDFC Small Cap Fund has delivered negative returns in 2026 so far, while Bank of India Small Cap Fund leads the category with 32.71% returns. Differences in small-cap allocation, sector exposure and stock selection offer insights into the contrasting performance of the two schemes.
SBI Share Price Live Updates: SBI's Current Trading Status
Divis Labs Share Price Live Updates: Divis Labs Stock on the Upswing
FM Sitharaman accuses Oppn of hypocrisy over banking sector, defends NDA reforms
FM Sitharaman accuses Oppn of hypocrisy over banking sector, defends NDA reforms New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday strongly criticised Samajwadi Party leader Akhilesh Yadav over his remarks on the banking sector, accusing him and his party of selective concern after having supported the previous United Progressive Alliance (UPA) government that, she [] The post FM Sitharaman accuses Oppn of hypocrisy over banking sector, defends NDA reforms appeared first on Mangalorean.com .
The Union Cabinet has approved renaming the National Social Assistance Programme (NSAP) and revising disability pension rules. Monthly assistance will rise to 375 for beneficiaries aged 0-79 and 625 for those aged 80 and above, while the disability threshold drops from 80% to 40%.
Biocon settles US patent dispute with Roche's Genentech, eyes 2027 Perjeta biosimilar launch
Biocon announced a settlement with Genentech over its biosimilar, Pebrilzo, of the cancer drug Perjeta. The agreement allows Biocon to launch Pebrilzo in early 2027 in the UK and EU, and in late 2028 in the US. In response to Genentech's patent infringement suit, the New Jersey court dismissed the case at Genentech's request. The details of the settlement agreement remain confidential between the companies involved.
Radisson India revenue to cross 500 million this year, eyes 750 million in four years
Radisson Hotel Group anticipates its revenue in India to surpass 500 million Euros this year and aims for over 750 million Euros in the next four years. The chain currently operates 146 hotels in India, significantly below its 318 hotels in China, making India its second largest market. The company plans to expand without consolidating with Jin Jiang brands in India while partnering with Sarovar Hotels.
Rs 10 lakh crore: Mukesh Ambani added 13 zeros to Dhirubhais dream
Jio Platforms will begin subscriptions for its IPO on October 21 and it will conclude on October 23. The record-breaking IPO could see valuation exceed Rs 10 lakh crore.. This IPO forms part of Jio's broader strategy to lower its debt and advance corporate goals. How the company navigates this phase will impact where it goes from here.
Physical AI is taking artificial intelligence beyond software and into factories, hospitals and other real-world environments. Computer vision, spatial systems, robotics and edge computing are enabling machines to interpret and respond to their surroundings. For enterprises, scaling these capabilities depends on reliable infrastructure, safety, integration and clear operational value.
IDBI Bank deal signals shift in India's banking ownership landscape
The IDBI stake sale comes after hectic dealmaking, with potential buyers such as Dubai-based Emirates NBD also in the fray. In a transaction that was run by DIPAM, along with KPMG India, Fairfax Financial Holdings emerged as the highest bidder.
Tata Play bets on coexistence of DTH and streaming with new a Rs 199 live TV app
Tata Play is launching the Tata Play Smart app, enabling access to over 500 live television channels. The app requires an internet connection and is compatible with various devices including smart TVs. Tata Play maintains that traditional DTH services will continue to exist alongside streaming services. The company aims to expand its user base by attracting households yet to subscribe to pay television.
Novo Holdings and GIC are discussing investing Rs 2,000-2,500 crore in AIG Hospitals based in Hyderabad. The investment reflects a growing interest among private equity firms in Indian healthcare. Founders of AIG Hospitals, Duvvur Nageshwar Reddy and Penmetsa Venkata Subbaraju, are planning a stake sale. AIG Hospitals has plans for a new facility in Visakhapatnam and aims to grow significantly.
Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI Bank
Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for 52,878 crore. This acquisition marks a significant moment in the government's divestment efforts, as it represents strategic restructuring. The deal aims to strengthen the banking ecosystem and support the government's disinvestment target for the fiscal year. IDBI Bank's financial position has improved significantly, with reduced non-performing assets.
Brands still bank on cricketers as Bollywood appeal fades
Cricket endorsements are maintaining their value despite a slowdown in celebrity-led advertising and brand budgets. Advertising spending is shifting towards digital creators as brands seek targeted audiences and measurable engagement. Renowned cricketers like Virat Kohli and MS Dhoni continue to dominate the endorsement market, contributing significantly to its growth. Brands are increasingly viewing creator-led marketing as a strategic investment for achieving specific marketing objectives.
Online mobile sales may not ring loud this Navratri
India's smartphone market is experiencing a sharp decline in sales during the festive season. Recent data indicates a 16% year-on-year drop in unit sales, influenced by affordability challenges. Retailers are reporting similar downturns, estimating a 20% decline since the start of Navratri. While premium smartphones remain steady in sales, entry-level models are suffering significant losses. Overall, the industry anticipates further price increases after Diwali, impacting future sales.
Health ministry asked to examine coronary stent safety concerns
Cabinet secretariat has directed the Union health ministry to investigate safety issues related to coronary stents. These concerns were raised by Rajya Sabha member Ajeet Madhavrao Gopchade regarding models withdrawn in Sri Lanka. Gopchade emphasized the need for strengthening India's regulatory framework for coronary stents. He called for improved clinical documentation and robust traceability for implanted stents. His representation highlighted the importance of patient follow-up and monitoring of device-related complications.
National electricity data sharing model to be launched soon
The power ministry has finalized a national electricity data sharing framework to be launched this month. This initiative aims to provide clarity on data sharing for electricity utilities and startups. A governance committee will help oversee the framework's implementation and ensure data consistency. Stakeholders' feedback on the draft framework was collected earlier this year to refine its structure. The effort supports planning, regulation, and research in the electricity sector.
Tug-of-War: States asked to waive stamp duty on road projects
The road transport and highways ministry is recommending that states eliminate stamp duties on highways. States argue that linking stamp duty to project type and value could generate substantial revenue. Authorities emphasize that varying stamp duty creates compliance challenges and contractual ambiguity for contracts. Impacts on long-term public-private-partnership projects have raised concerns within the national highway sector.
Around 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank credentials and vulnerabilities in payment APIs to siphon off funds. Following the attacks, CERT-In issued an advisory urging banks, NBFCs and fintech firms to suspend compromised interfaces, strengthen transaction safeguards and tighten customer verification.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.
Fairfax's IDBI deal premium justified by strategic fit, scale: Analysts
Analysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch network and deposit portfolio in India, paving the way for a diversified financial ecosystem.
