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Bankers question role of RP in the Subhash Chandra case and how net worth was computed
Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore in 2025, the crowding out of lenders by related party entities in the committee of creditors (CoC), and the role of resolution professional (RP) Shiv Nandan Sharma in admitting questionable entities as creditors highlights the difficulties in recovery in high-profile cases.
TVS Motor names global biz head Peyman Kargar as next chief executive
Kargar will take over as director and CEO from K N Radhakrishnan on January 27, 2027, TVS Motor said on Friday. Radhakrishnan will continue as CEO until then and subsequently serve as a non-executive director till the company's annual general meeting scheduled for July 2027. The leadership change comes after TVS Motor sold 5.9 million vehicles globally in FY26 and reported 30% revenue growth.
CIL fears coal gasification scheme will blunt its edge
Coal India has raised concerns about the coal gasification incentive scheme's rules. The company believes the short bidding window disadvantages state-run firms. Excluding captive power plants from eligible costs also creates a disadvantage. Coal India requested a six-month application period for the initial round. The ministry rejected this, citing immediate subsequent bidding rounds.
Food safety eateries' body says fix the problem, not the blame
Several prominent Indian restaurants face hygiene violation allegations from consumers and regulators. NRAI president emphasizes fixing problems and fair enforcement over blame and reputational damage. Social media scrutiny and regulatory actions are impacting well-known food establishments across the country. Enforcement must follow legal procedures, offering businesses a chance to rectify issues. This situation highlights the ongoing need for stringent food safety standards and transparent oversight.
Peg by peg, Vodka's share is rising in India
Vodka is capturing a record share of India's liquor market, driven by younger consumers and women. This trend marks a significant structural shift towards white spirits, especially vodka. Radico Khaitan's vodka business has seen substantial growth over the past five years. The company has also focused on premiumizing its whisky portfolio to adapt. This strategic move reduces dependence on lower-priced liquor and commodity selling.
12 years of PM Jan Dhan Yojana: Banking for All, Empowerment for All
Today, the aim of this programme goes beyond focusing on household, but every adult who did not yet have a bank account In January 2015, a remarkable thing happened in India that more than one crore eighty lakh bank accounts were opened across the country within a week, this feat was also recognised by the Guinness World Records. This didnt happen in a big-city alone, but across small towns and remote villages, where families who had never possessed a bank account gained access to banking for the first time. That January week-long drive is now popularly known as Pradhan Mantri Jan Dhan Yojana, or simply PM-JDY. A large number of those who opened accounts had no prior experience of dealing with banks; they had never owned a debit card, and never had a place to keep money safe other than at home. Since then this drive has grown into a nationwide movement that has assisted the lives of hundreds of millions of Indians. The trajectory of PM-JDY As of August this year, the number of PM-JDY accounts across the country stands at 59.09 crore, this number was recorded to be 14.72 crore in 2015. The numbers have gone four times. Of these bank accounts, nearly 46 crore belong to people in rural and semi-urban areas, the places where access to banks was hardest to come by. As per the official records, around 33 crore of the account holders are reportedly women, a number that has kept rising year after year. When the scheme started, at that time the goal was deemed to give every household a bank account. A few years later, in 2018, that goal grew bigger. Today, the aim of this programme goes beyond focusing on household, but every adult who did not yet have a bank account. This shift meant more people, especially women and workers in informal jobs, could open an account in their own name, not just through the head of the family. Opening the account is only the beginning of what the scheme offers. Other benefits of this scheme According to this scheme, every account holder gets a RuPay debit card, which works at ATMs and shops across the country. So far more than 41 crore such cards have been given out. Along with the card comes accident insurance, worth up to two lakh rupees for accounts opened after August 2018, and the account holder does not pay anything for this cover. After six months of regular use, account holders can also apply for an overdraft of up to ten thousand rupees, giving a small cushion of credit to families who may never have had access to a loan before. The scheme also acts as a window to other government support. Money meant for pensions, subsidies, and welfare payments reaches people directly through these accounts, cutting out delays and middlemen. Account holders can also join pension and insurance schemes such as the Atal Pension Yojana, the Pradhan Mantri Jeevan Jyoti Bima Yojana, and the Pradhan Mantri Suraksha Bima Yojana, all built around the same bank account. Money in these accounts has grown too, and grown fast. Deposits have gone from about fifteen thousand crore rupees in 2015 to over three lakh sixteen thousand crore rupees in 2026. This tells us something beyond numbers on a balance sheet. It tells us that people are saving more, trusting banks more, and relying less on cash kept at home or informal moneylenders. India's Financial Inclusion Index, a measure of how well people across the country can access banking, credit, insurance, and digital payments, has moved from 53.9 in 2018 to 67 in 2026. Global institutions like the IMF and the World Bank have also spoken about the role PM-JDY has played in this change. What began as a week of opening accounts has turned into a permanent shift in how India banks. A scheme that started with a simple idea, that every family deserves a place to keep their money safe, has grown into a wide network of savings, credit, insurance, and pensions reaching the parts of the country that needed it most. Twelve years is a long time in the life of any government programme, but for the person who opened their first account in that record-breaking week in 2015, it has been the start of something that continues to shape how they save, borrow, and plan for the future. (Courtesy: PIB Srinagar)
OIL, IOCL exit Gabon block, end decade-old oil project
Oil India and Indian Oil have relinquished their Shakthi-II exploration block in Gabon. This action terminates their Production Sharing Contract with the country's Directorate General of Hydrocarbons. The project began with an oil discovery over a decade ago. However, repeated delays ultimately led to the block's relinquishment. Both companies had entered the block in an equal fifty-fifty partnership.
Renewable energy projects can now store and sell curtailed power using co-located battery systems
The renewable energy landscape is evolving as the power ministry allows the storage of curtailed electricity from renewable projects. This stored energy can be harnessed to charge on-site battery systems, enabling developers to independently sell this surplus power via power exchanges. This initiative not only enhances the effective use of renewable energy generation but also opens doors for monetizing energy that would otherwise go to waste.
The income tax department said more than seven crore ITRs had been submitted as of 27 August.
Raidurg land auction breaks record, fetches Rs 269 cr per acre
Hyderabad: In just one week, Telangana Industrial Infrastructure Corporation (TGIIC) achieved another landmark in its Raidurg auction, with the 5.38-acre plot auction generating Rs 1,447.22 crore at Rs 269 crore per acre. On August 21, the previous such auction fetched Rs 264 crore per acre, generating Rs 1,386 crore in revenue. Twenty-five per cent of Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman. Here's a look at the careers, experience and industry roles of the two executives who will continue to lead Indias mutual fund industry.
Odisha Chief Minister Mohan Charan Majhi announced the release of over 5,160 crore under the Subhadra Yojana. To check your instalment, visit the official portal or your bank account. Use your mobile number, Aadhaar, or application ID to verify the application status.
Big tax relief: How a former BSNL employee won full VRS exemption at Chennai ITAT
Tax experts said the former employee succeeded because the Chennai ITAT accepted that the compensation paid under BSNL VRS-2019 was, in substance, retrenchment compensation rather than ordinary VRS compensation.
US Treasury yields rise: How it could impact Indian bonds and borrowers
US Treasury yields are rising amid concerns over US debt, deficits and inflation. Here's how higher US yields could affect Indian bonds, foreign flows and borrowing costs, and why investors should watch the US bond market.
How much money do you need to retire? Start with expenses, not a 1 crore target
Retirement corpus plan: There is no one-size-fits-all retirement corpus. Your target should factor in current spending, inflation, retirement age, lifespan, post-retirement income and investment returns. Here's how to calculate how much you may need.
When pay cheques stop: Why every salaried professional needs these 3 financial pillars
The starting point of any solid financial plan is a dedicated emergency reserve.
DA formula to change? Bank unions are planning a nationwide strike on 11 September to push demands for five-day work week, performance-linked incentives, and pension reforms. Here's all we know
IndiGo Ventures to invest in Indian firm Sarvam to expand AI use in aviation
IndiGo Ventures is investing in Sarvam, an Indian artificial intelligence company. This investment supports their ongoing partnership focused on AI applications. They will continue developing AI for customer experience and operational improvements. The collaboration aims to create a platform for AI-driven innovation. This venture deepens engagement exploring further enterprise AI applications.
Small-cap funds see strong inflows: Groww AMC identifies 4 sectors with long-term growth potential
Groww cautions that small-caps remain a highly volatile investment category. Investors should therefore maintain a long-term horizon of at least eight to 10 years to potentially generate sustainable returns and a healthy CAGR.
Delhi-Bilaspur Alliance Air flight suffers tyre burst on landing
An Alliance Air flight experienced a tyre burst while landing at Bilaspur airport. The aircraft was carrying thirty-seven passengers and four crew members safely. All individuals on board were evacuated from the plane without any injuries. The airline subsequently cancelled the onward journey of the affected flight. Further details regarding this incident are still awaited by officials.
Foreign assets disclosure: Key FAST-DS rules Income Tax Department wants taxpayers to know
The Income Tax Departments FAST-DS scheme gives eligible taxpayers a limited window to disclose certain foreign assets. Here are the key rules on eligibility, valuation, tax, penalties and the 31 December 2026 filing deadline.
ITAT rejects tax departments FTS, royalty claims on Spencer Stuarts executive search fees
The income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services under the tax treaty. The tribunal deleted a tax addition related to expense reimbursements. A separate dispute concerning management fees was sent back for fresh examination.
Airtel leads July user rush, Jio close behind
Invesco India Pharma and Healthcare Fund NFO is open for subscription. 7 key details to know
Invesco India Mutual Fund has launched its Pharma and Healthcare Fund, open until September 1. The thematic scheme will invest across pharma, hospitals, diagnostics, CDMOs, medical devices and healthcare services, with a minimum investment of Rs 1,000.
Top 5 SIFs deliver upto 14% return in 3 months, QSIF Active Asset Allocation SIF leads
The top five SIF strategies delivered returns of up to 13.39% over the last three months, with long-short and hybrid strategies dominating the list. QSIF Active Asset Allocator Long-Short Fund topped the performers with a 13.39% return, followed by QSIF Equity Ex-Top 100 Long-Short Fund at 12.58%, according to SIF360 data.
Deadline to file income-tax returns for business or professional (including freelancers) income, is fast approaching on 31 August. Here's who must file their returns, checklist for taxpayers and top things to know
Indian logistics hubs outperform Asia Pacific markets on rental growth
India's key logistics markets show strong rental growth, outperforming the Asia-Pacific region. Sustained manufacturing and domestic consumption support this robust performance across India. Prime logistics rents in Mumbai, Delhi-NCR, and Bengaluru saw significant year-on-year increases. Occupiers seek modern facilities for larger inventories and sophisticated distribution networks. Experts anticipate continued steady growth for India's logistics real estate market.
Jubilant Generics receives show-cause notice demanding over Rs 105 cr
Jubilant Generics received a Rs 105.5 crore GST show-cause notice from Uttarakhand authorities. The notice alleges improper availment of tax refund and Advance Authorisation Scheme benefits. This action pertains to the fiscal years 2020-21 and 2021-22. The company plans to contest the notice and file a detailed reply soon. Jubilant Pharmova expects no significant financial or operational impact.
India's telecom base crosses 1.35 billion in July as broadband, mobile subscriptions rise: TRAI
The wireless subscriber base grew 0.46% to 1.31 billion, while wireline connections increased 0.39% to 48.01 million
Consistent performers: 49 equity mutual funds deliver over 15% CAGR in 3 and 5 years
Around 49 equity mutual funds delivered over 15% CAGR in both the last three and five years, according to an ETMutualFunds analysis. HSBC Midcap Fund topped the three-year return chart, while Motilal Oswal Midcap Fund led over five years. The analysis excluded sectoral and thematic funds and covered regular growth options.
The Jeevan Pramaan platform allows pensioners to submit Digital Life Certificates online, but NRIs reportedly face challenges like lack of Aadhaar-linked Indian mobile numbers and difficulties with digital services, prompting many to submit offline.
Carbon pricing, emissions tracking key to protect India's exports under EU CBAM: CII Report
India must enhance carbon pricing and emissions tracking systems for exporters. The European Union's Carbon Border Adjustment Mechanism enters its definitive phase soon. A robust domestic carbon pricing system will protect Indian exporters' competitiveness. This mechanism requires accurate measurement and verification of embedded emissions. Trade-exposed sectors like steel and cement are particularly affected by these changes.
A loan against NSC can provide funds without immediate encashment. Here are the NSC loan rules, eligibility, application process, interest rate, LTV, documents and key points borrowers should know.
Indian Bank turns to gold loans, treasury gains
Hyderabad realty firm to pay 10 pc interest over project delay
Hyderabad: Telangana Real Estate Regulatory Authority (TG RERA) has directed Hyderabad-based Vasavi Infracon to pay 10.7 per cent interest to buyers after it delayed the handover of flats in two of its projects. According to a report by The Times of India, the action was taken after 82 complaints were filed against the construction firm. Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
99.97% haircut? How the scissors worked in the Subhash Chandra case
NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about 6.5 crore against 22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.
Punjab bans analogue paneer for 1 year
Railways may fine you Rs 1,000 for doing this
Many salaried people are financially strained at month-end, highlighting the need for better spending habits. Experts recommend having three bank accounts for budgeting purposes: one for daily expenses, one for emergencies, and one for investments, but caution about risks like minimum balance fees.
Looking to buy pet insurance? Here's all you need to check before finalising a policy
India is witnessing a growing pet population and rising veterinary costs, which are driving demand for pet insurance. In 2025, the pet insurance market reached 3,152 crore and is expected to grow further to 9,478 crore by 2034.
Govt to hire EIL for third-party quality checks on 5,000 km of highways and expressways
Engineers India Ltd will inspect 5,000 km of highways for quality. This agency will examine construction quality from start to completion. The move follows Prime Minister's Office directives for independent audits. EIL previously conducted quality checks for major highway projects. This initiative aims to address concerns over road project deficiencies.
Raksha Bandhan 2026: From gold to stocks, financial gifts to give your sibling
Rather than opting for conventional presents this Raksha Bandhan 2026, families can consider gifts that offer lasting financial value and reflect the festivals message of protection and care.
GCCs to keep India office mkt growing
NBFCs enter new cyclical recovery, PAT seen rising 24% in FY27: Motilal Oswal
Non-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to drive earnings higher. Profit after tax for NBFCs is projected to grow significantly in upcoming fiscal years. However, geopolitical risks and monsoon conditions pose potential challenges to this recovery. Interest rates may also rise, impacting funding costs and profit margins for some firms.
Ola Electric brings indigenous Bharat Cell LFP tech to mass market with all-new S1Z
Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these models are scheduled to commence in late 2026 and early 2027. The company is expanding its retail network through dealer-operated stores.
Mohalla Tech partners with Pratilipis Double Tap Films to distribute 75+ stories as microdramas
Mohalla Tech, parent of ShareChat, Moj and QuickTV, has partnered with Pratilipis Double Tap Films to adapt more than 75 stories into microdramas. The content will be distributed across Mohalla Techs platforms, targeting growing demand for regional, short-form and episodic entertainment.
50,000 monthly income from FD: Corpus, interest rate and tax explained
To earn 50,000 a month in 2026, retirees need an FD corpus ranging from roughly 70.6 lakh to 1 crore, depending on the interest rate (6-8.5%), while factoring in TDS, senior citizen tax deductions under the Income-tax Act 2025, and post-tax income for retirement planning.
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
PPFAS Mutual Fund has announced feature and nomenclature changes across its schemes, including its flexi-cap, large-cap, ELSS, arbitrage and conservative hybrid funds. The changes, effective August 26, revise investment allocations and scheme nomenclature across the fund houses offerings.
How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 crore
The NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders find this payout unviable, while government sources call the haircut figure misleading. Chandra disputes the total claim amount against him, stating it is lower. Creditors retain rights against principal borrowing companies and their assets. The case is exceptional and not a template for other insolvency resolutions.
Celebrating a paid-off home loan is essential, but ensure to collect original documents, including sale deeds and No Dues Certificates. Per RBI guidelines, lenders must return these within 30 days; failure results in compensation.
TVS Motor names insider Peyman Kargar as CEO, replacing Radhakrishnan
Peyman Kargar will become TVS Motor's new Chief Executive Officer in 2027. He brings over three decades of global automotive industry experience to the role. Kargar previously led Nissan's luxury brand Infiniti and Datsun operations. He has also held senior positions at Renault Group across several regions. Kargar's appointment aims to accelerate growth through innovation and market expansion.
This Raksha Bandhan 2026, consider the thoughtful gift of a mutual fund SIP to nurture long-term wealth. This investment approach fosters consistent saving, allowing your funds to compound impressively over time. A small monthly contribution can accumulate into a substantial amount in fifteen years. Selection of the appropriate fund type should reflect your sibling's financial goals and current investments.
Retiring early with VRS? Know its taxation
Motilal Oswal picks 4 auto stocks riding 34% sales growth, and also a risk warning
Best medium duration mutual funds to invest in August 2026
As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years.
Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off Oman
Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz despite disruptions. Iraq's state oil marketer is offering specific crude grades via ship-to-ship transfer. This shift follows previous steep discounts offered to entice buyers. The country aims for higher economic benefits through secure transport routes.
Small caps, thematic funds, global risks: Groww AMCs Anupam Tiwari on where investors should look
Thematic and small-cap funds may offer growth, but they demand patience and discipline. Groww AMCs Anupam Tiwari explains where these bets fit and where investors should tread carefully.
Buying property in Pune? 8 hotspots with new projects, prices and growth potential
8th Pay Commission fitment factor: 3.61, 3.833 or 4.00? What proposed salary hike means
The 8th Pay Commission fitment factor remains undecided, with several employee and pensioner organisations seeking factors of 3.61, 3.833 and 4.00. Heres what each proposal could mean for minimum basic pay, pensions and central government employees.
HUL Share Price Live Updates: HUL's Daily Performance Update
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Dr Reddys Share Price Live Updates: Dr. Reddys experiences a slight price increase
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Raksha Bandhan: How to gift mutual funds to your sibling? Know the process and key conditions
This Raksha Bandhan, gift mutual fund units to your sibling instead of a traditional present. Know the transfer process, eligibility, charges, tax treatment, NRI and minor rules, and what happens to SIPs after gifting.
NTPC Share Price Live Updates: NTPC's Stock Analysis
Jio Financial Services Share Price Live Updates: Jio Financial Services Price Update
Barclays targets Indias billionaires as private banking competition intensifies
Barclays is targeting Indias wealthiest founders and business owners as it seeks to expand its private banking business amid intensifying competition. The lender is leveraging its international network and capital-markets expertise to serve ultra-rich Indians with global assets, aiming for double-digit growth and deeper relationships with the countrys top promoters.
Buying health insurance in 2026? Check these 7 factors before choosing a policy
Best health insurance policy 2026 India: compare sum insured, exclusions, waiting period, co-payment, sub-limits, network hospitals, top-up plans & no-claim bonus before buying a family floater.
Bank holiday today: On August 28, 2026, banks in numerous Indian states temporarily closed to allow citizens to celebrate various regional festivals. The observance of these holidays was uneven across states, showcasing India's diverse cultural landscape.
Investors panic as India hints at import duty cut, sending gold and silver ETFs plummeting
Exchange-traded funds for gold and silver experienced marked declines on Thursday, even as global precious metal prices held steady. Anticipation surrounding a potential cut in government import duties on these commodities has emerged, which could lower their costs in India. This speculation is driving increased selling activity in domestic ETFs.
Banks will remain closed in several states on 28 August for Raksha Bandhan. The closures are state-specific, while online banking, UPI, NEFT, RTGS, and ATM services will continue. Customers should check their local bank's holiday schedule before visiting a branch.
SBI sees corporate loan pipeline at Rs 5 lakh crore: CS Setty, SBI, Chairman
The State Bank of India forecasts a significant surge in corporate loan prospects, aiming for 5 lakh crore as companies pivot towards investments in renewable energy and battery storage solutions. SBI remains steadfast in its goal to secure $10 billion through FCNR(B) deposits while confidently targeting a 14-15% growth in credit. With robust capital buffers, banks are better positioned to navigate future economic fluctuations.
HDFC Bank, LIC Housing Finance to contest Zee resolution
HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by the majority. Government officials clarified Chandra was a guarantor, not the principal borrower.
Food packets may have to spill the beans
India's food regulator is considering new front-of-pack nutrition labelling for packaged foods. This system would highlight excessive fat, salt, or sugar content on food packages. The regulator is also exploring varied assessment thresholds based on typical serving sizes. This move follows Supreme Court scrutiny over the prolonged delay in implementing such standards. Industry representatives support clear, science-based nutrition information for consumers.
Yatharth Hospitals draws interest from Aster, Advent as healthcare consolidation heats up
Aster DM Quality Care is negotiating to acquire a controlling stake in Yatharth Hospitals. This potential acquisition aims to consolidate the hospital sector amid private equity interest. Yatharth Hospitals' stock has seen a significant rise in anticipation of a potential trade. The deal would trigger an open offer for additional shares, expanding the acquirer's ownership. This move would significantly strengthen Aster DM Quality Care's presence in northern India.
Vodafone Idea plans to repay 49,000 crore spectrum dues in 3 years
Vodafone Idea plans to pay nearly 49,000 crore in spectrum dues over the next three years, with payments of about 7,000 crore in FY27, 15,000 crore in FY28 and 27,000 crore in FY29. The telco expects to fund these through higher EBITDA, internal cash generation and fresh bank funding, while also pursuing a 45,000-crore network expansion plan.
Hindalco Industries expands specialty Alumina portfolio
Hindalco Industries commissioned a new facility for specialty alumina in Belagavi. This new plant will produce flame-retardant products for various safety applications. The company is also planning several more specialty alumina facilities soon. These expansions will significantly increase Hindalco's total specialty alumina capacity.
Demand for vaccines surges as H1N1, other influenza cases see a sharp rise
Demand for flu vaccines has significantly increased this year. At-home vaccination services are seeing a substantial rise in bookings. Rapid testing requests are also growing from various Indian cities. This surge is driven by elevated viral spread and increased awareness. Experts recommend annual vaccinations and usual protective measures.
NTPC plans to treble capacity to 244GW by 2037, invest 16.86 lakh crore
NTPC plans to nearly triple its power generation capacity by 2037. The company will invest significantly in renewable and nuclear power expansion. This investment will also cover battery and pumped storage systems. NTPC aims to contribute substantially to the nation's nuclear energy target.
Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman
The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets.
ACME Solar raises Rs 1,571 crore for 300 MW Rajasthan power project
ACME Solar Holdings announced 1,571 crore project funding from IIFCL. This financing will develop ACME Renewtech Sixth's 300 MW assured peak power project. The company has now secured 10,976 crore in financing this fiscal year. The project's power purchase agreement is with Solar Energy Corporation of India. This agreement is for twenty-five years at a tariff of 6.28 per unit.
HDFC Bank's CEO call gains urgency as Sashidhar Jagdishan's term nears end
The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year.
Gaana, Fenix360 team up to create direct artist-fan ecosystem
Gaana and Fenix360 have partnered to launch a new artist-fan ecosystem. This integration combines discovery, engagement, and monetization within the Gaana app. Artists can now build digital storefronts and offer merchandise directly to fans. The platform also enables ticket sales and paid live streams for artists. This new ecosystem aims to foster stronger artist-audience connections and revenue streams.
