27 C 
CapitaLand India Trust shifts debt to rupees as INR falls
As of June 2026, CLINT had approximately S$1.7 billion (roughly 8,820 crore) of borrowings. As of June, CLINT's assets under management stood at S$3.5 billion.
Govt eases loan licence requirement for 'outsourced' sterilisation of medical gear
Medical device makers now avoid loan licenses for outsourced sterilization services. This change simplifies business while industry leaders express concerns about new labeling rules. Printing sterilizer license numbers on device labels may hinder export flexibility and cause shipment delays. Manufacturers worry about losing the ability to choose the fastest available sterilization facility. The government also recognized the European Union for clinical investigation waivers.
Government tightens ethanol blend rules for OMCs
The government is contemplating the enforcement of mandatory chloride contamination limits for E20 petrol. Automakers have expressed worries over fuel quality and its potential effects on vehicle components. Presently, the chloride contamination thresholds are merely part of voluntary standards for ethanol-blended petrol. The Bureau of Indian Standards is striving to implement these requirements as mandatory. This initiative aims to elevate the quality standards of automotive fuels across the country.
India overtakes China in premium intercontinental demand: Lufthansa Exec
Lufthansa Group executive says tronger passenger and premium demand makes India an attractive market. India is now Lufthansa's second-largest intercontinental market after the United States. The airline is expanding capacity and adding premium services to India. A partnership with Air India could further shape Lufthansa's India strategy.
F&B regulatory crackdown sends celebrities into endorsement rethink
Several celebrities and influencers have stopped endorsing food and beverage brands. This action follows increased regulatory oversight and judicial pressure on the sector. Brands face scrutiny over mandatory labelling for high salt, sugar, and fat content. Celebrities are concerned about reputational damage more than financial penalties. This shift reflects a growing respect for regulatory enforcement and legal provisions.
Rising multiple vehicle loans, bigger ticket sizes raise risk for lenders
Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in commercial vehicle finance, where borrowers with two or more loans rose to 19.9% in June from 15.7% a year earlier.
Suzlon plans 1,325 MW wind projects in Andhra Pradesh
Suzlon Group is set to launch an impressive 1,325 MW of wind energy projects in Andhra Pradesh, backed by a 10,000 crore investment. This venture promises to create about 4,000 direct and indirect jobs. With a vision to integrate an additional 5 GW of renewable energy projects by 2030, Suzlon is reinforcing its commitment to sustainable energy, having already invested 12,000 crore in the region since 2004.
DRL, Emcure get approval to make breakthrough HIV drug
India's drug regulator has cleared the path for local lenacapavir manufacturing. Two Indian pharmaceutical companies received waivers for local clinical trials. This move will improve access to the HIV prevention injection. Lenacapavir is a breakthrough twice-yearly injection for HIV prevention. Patient groups had urged the regulator to expedite this process.
Banks told to have stricter norms for eligibility of forensic auditors
Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26.
L&T wins ultra-mega contract in West Asia worth over 15,000 crore
Larsen & Toubro (L&T) has won an ultra-mega contract to execute a gas compression project for a major Gulf client, expanding its hydrocarbon infrastructure business. The company classifies orders above 15,000 crore as ultra-mega but did not disclose the contract value.
Industry insists on assured offtake for coal gasification
The energy industry seeks assured offtake commitments for coal gasification projects. Viability gap funding alone may not be enough to unlock investments in capital-intensive plants. Project developers require certainty on demand and pricing for gasification output. The government has rolled out a 37,500 crore incentive scheme for coal gasification. Industry also seeks freight support and land allocation near mines or ports.
11 airports to see Rs 8,622 crore private investment under 50-year concessions
India expects private operators to invest approximately 8,622 crore in eleven airports. These airports will be awarded through five bundles to single concessionaires. The Bhubaneswar-Hubballi bundle requires the highest investment of 2,725 crore. The government aims to limit bidder concentration by capping bundle awards. This initiative follows a previous privatization round where Adani Group secured all six airports.
Delhi HC raps I-T dept over Rs 53 crore Vodafone Idea refund delay
The Delhi High Court has ordered the income tax department to refund Vodafone Idea 53.09 crore. This refund is for assessment years 2003-04 and 2008-14, held for over two years. The court mandated the refund with interest by September 30, or additional interest will apply. This ruling highlights significant issues within the department regarding tax refunds. Vodafone Idea won a legal battle before the tribunal in June 2024.
Air passenger service prices surge 31.9% in Q1 FY27: Govt data
Service prices showed mixed trends in the first quarter of FY27. Airline and railway service prices saw notable increases during this period. Insurance and telecom services also recorded price hikes, while banking services declined. Securities transaction services experienced a price fall, reversing previous gains. Provisional data from the commerce ministry highlighted these varied movements.
Marriott sees India becoming its second-largest market in 3-4 years
Marriott International expects India to become its second-largest global market within three to four years, overtaking China and Mexico, CEO Anthony Capuano told ET.
Jaggery prices jump 25% in fortnight, sweets set to cost more
Jaggery prices have increased significantly in Maharashtra and Uttar Pradesh recently. This surge is driven by a government crackdown and expected lower sugarcane availability. Consumers face higher costs for sweets as festive season approaches. Prices are anticipated to remain firm until new production begins in October. Elevated jaggery prices could persist through 2027, impacting sweet makers and consumers.
Indias near-term AI advantage lies in using AI to transform businesses rather than competing immediately with the US and China on computing power and foundation models, Publicis Sapient CEO Nigel Vaz said.
India can benefit from global shifts driven by AI, geopolitical tensions, tariffs, energy security and changing capital flows, but it must build the ability to adapt quickly as industries are disrupted, Bain & Company chairman Manny Maceda said.
SIF AUM rose to 10,620 crore by March 2026, a more than five-fold increase in six months. With hybrid long-short strategies accounting for most SIF assets, experts say the category may suit affluent and experienced investors seeking greater flexibility and downside management.
Russian president Putin assures India of uninterrupted supply of energy, fertilisers
Russia has assured India of uninterrupted supplies of energy and fertilisers amid disruptions from the West Asia crisis, as External Affairs Minister S Jaishankar met President Vladimir Putin in Moscow. Jaishankar and Russian officials also discussed expanding economic ties. Bilateral trade has nearly quadrupled from $13 billion in FY22 to almost $60 billion in FY26, but the trade imbalance has widened sharply from $6.6 billion to over $50 billion.
Mid-cap funds have overtaken large-cap funds as the biggest SIP category, while small-cap, multi-cap and thematic funds have also gained share. Experts explain what is driving the shift, the risks investors should watch out for and how to review their portfolios.
Adani Group to set up 2,000-bed hospital in Bengal, 1,000 beds to be free
The Adani Group plans to establish a significant 2,000-bed hospital in New Town. Half of these beds will be allocated for free treatment of the poor. West Bengal Chief Minister Suvendu Adhikari confirmed this development. He stated that Karan Adani had met him regarding the project. Gautam Adani has sent a commitment letter to begin work soon.
Beyond the chatbots: The AI race in banking will be won in the back office
Indias next financial advantage will depend on whether its institutions can move beyond generic tools and embed intelligence into their core decisions.
Housing price index rises 1.1% in Q1 sequentially: RBI data
Indias house price index rose 1.1% quarter-on-quarter in Q1 FY27 (April-June), driven mainly by Chandigarh, Lucknow and Thiruvananthapuram.
Piyush Goyal urges Japanese firms to source steel from India
Commerce Minister Piyush Goyal asked Japanese companies to source steel from India. He questioned trade protection for firms not supporting Indian domestic producers. India has imposed a safeguard duty only on lower grades of steel. This measure aims to protect domestic manufacturers from dumping. Goyal highlighted India's ongoing need to expand its steel capacity.
Bajaj Auto plans five new launches as festive season demand stays strong
Bajaj Auto will launch three new products and two brands by mid-October. Updated Pulsar 125 and 150 models were recently introduced to the market. The company anticipates strong demand during the upcoming festive season. Near-term trends in the 125cc motorcycle segment show softer performance. Bajaj Auto aims to attract new buyers and retain existing customers.
India may have lagged several global markets recently, but its long-term performance tells a different story. The latest study shows how market rankings change sharply across time periods, raising questions about whether chasing recent global winners makes sense for long-term investors.
Allied Blenders to produce Officers Choice Blue locally in Malaysia
Allied Blenders and Distillers Ltd will produce Officer's Choice Blue locally in Malaysia. This marks the company's first overseas local production initiative. The move supports ABDL's broader strategy for international footprint expansion. Malaysia's spirits segment is expected to grow significantly in the coming years. ABDL will continue evaluating similar asset-light partnerships globally.
Fino Payments Bank board extends tenure of interim CEO by another three months
Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extension requires approval from the Reserve Bank of India. Merchant took charge after Rishi Gupta's arrest in February. Gupta faced allegations related to GST law violations.
Taxpayers filing ITR-3 or ITR-4 should carefully review key schedules and reconcile income, turnover, and TDS to avoid common filing errors. Here are the key schedules, documents, and changes to know for AY 2026-27.
FDA suspends licenses of five restaurants at Mumbai Cricket Association over hygiene issues
Maharashtra Food and Drug Administration suspended five restaurant licenses due to hygiene concerns. The FDA also urged consumers to avoid unsealed edible oil, citing safety issues. This action follows the Chief Minister's directive to frame standard operating procedures. These procedures aim to prevent edible oil adulteration while protecting traditional businesses. The government seeks a balanced approach between strict enforcement and vendor livelihoods.
Premature withdrawal from post office schemes Senior Citizens Saving Scheme, Public Provident Fund, Sukanya Samriddhi Yojana, Monthly Income Scheme and Kisan Vikas Patra can cost more than you think. We explain
Ceigall India wins Rs 705 crore Arunachal Frontier Highway project
Ceigall India secured a contract valued at Rs 704.70 crore for highway construction. This project involves building a key section of the Lada-Sarli highway in Arunachal Pradesh. The company will execute this work jointly with Sushee Infra & Mining Ltd. Construction is expected to take 48 months, followed by maintenance. This development supports critical road connectivity in the region.
Supreme Universal secures 1-acre redevelopment plot in Mumbais Bandra west
Supreme Universal has secured development rights for a one-acre sea-view plot near Carter Road in Bandra West, Mumbai, where it plans to invest around Rs 1,000 crore to build a luxury housing project.
Does the best day to start an SIP really matter? A 30-year Sensex study says barely
A 30-year analysis of the BSE Sensex TRI compares SIP investments made on the best, worst and 15th day of every month. The study examines how the choice of monthly investment date influenced annualised returns and the performance of monthly SIPs over the period.
Your ESOPs may be worth 1 crore. But how much will you actually take home? | ESOP cash out explained
Your ESOPs may show a 1 crore value, but the amount you actually pocket can be much lower. Heres how exercise price, ESOP tax, holding period and sale value can affect your final take-home.
Opted for new tax regime? Why income below 12 lakh can still trigger a demand notice
The income tax regime chosen, the nature of the income and, crucially, compliance with the prescribed procedure can all affect the final outcome.
The UPI ecosystem in India is set for further transformation, driven by the government's commitment to expand the user base and support financial inclusion, as it marks a decade of significant growth in transactions and banking participation.
The ITR-4 deadline is approaching for taxpayers using presumptive taxation. Sections 44AD, 44ADA and 44AE offer simplified tax rules for eligible businesses, professionals and goods-carriage operators. Heres who can opt, the income limits and key conditions to know.
Indian benchmark indices ended lower on Monday, with the Sensex falling 172 points and the Nifty declining 33 points as early gains faded. Broader markets were mixed, while metal stocks outperformed. JSW Steel, Hindalco and Tata Steel led Nifty gainers, whereas SBI Life, Bajaj Finance and Adani Ports declined.
Is it possible to reach his 10 crore goal in 15 years simply with SIPs? Check out the simple calculations behind the investment strategy.
Having multiple health insurance policies can help cover a hospital bill when one policy falls short. Here is how insurers coordinate claims, which policy pays first and how much you can actually receive.
UAN explained: What is a Universal Account Number and why does it matter for salaried employees?
The Universal Account Number is a 12-digit EPFO identifier that links an employees PF member IDs across jobs. Check how UAN simplifies EPF management, enables online access to PF balances, passbooks, transfers and claims, and helps employees maintain accurate, secure retirement records.
Citigroup, Axis Bank team up to leverage NRI deposits and boost dollar inflows
Under the arrangement, Axis Bank will issue standby letters of credit to support financing provided by Citigroup through its offshore operations
Gold, Bitcoin or Stocks: Whos winning the 2026 race for returns?
Gold, Indian equities and bitcoin have delivered sharply different returns in 2026. Bitcoin has led the recent rally, gaining 27% over both the past week and month, but remains down 8% year-to-date. Gold has emerged as a stronger performer, while Indian equities have lagged across the period.
Shanthi Gears shares surge 37% in two trading sessions. Here's why
Shanthi Gears shares surged 37.5% in two sessions after Tube Investments raised its stake by 2.69% through a block deal, taking its holding in the subsidiary to 73.16%.
After divorce, can women central government employees add parents to CHSS? DAE clarifies
The central government has clarified that married female employees can now list their parents or parents-in-law as beneficiaries in the CHSS scheme. Even after a divorce, biological parents remain eligible for benefits if they are dependent on the employee. This guidance was prompted by inquiries from DAE employees, who also received clarifications regarding CHSS facilities available for disabled children.
More cars, thinner margins: Why rising sales arent boosting automakers profits
Indian car makers see strong sales volumes, but profits are declining. Rising commodity prices and currency shifts are impacting manufacturer margins. Maruti Suzuki's profits fell despite record sales, showing margin erosion. Tata Motors and Hyundai also reported lower profits due to cost pressures. Automakers are investing heavily in new technologies and plants, affecting current earnings.
PPF, SSY, NSC, KVP, MIS or Time deposit: Which post office scheme saves the most tax?
Small savings schemes vary based on individual needs and tax situations. Notable options include PPF with 7.1% interest, SSY at 8.2%, and NSC at 7.7%, each with tax benefits, lock-in periods, and unique characteristics.
IndiGo co-founder Gangwal commits Rs 300 cr more to IIT Kanpur medical sciences school
Rakesh Gangwal has committed an additional Rs 300 crore to IIT Kanpur's medical school. This significant funding follows his previous Rs 100 crore contribution in 2022. The institute plans to establish a super-speciality hospital and a cancer research centre on campus. These facilities will foster interdisciplinary collaboration between engineers and medical professionals. The Gangwal School aims to advance medical education and healthcare innovation across India.
Black money notice sent to man with Singapore FD and current bank a/c in his name and no ITR declaration; Know how he won case in ITAT Delhi after proving his identity theft angle with Economic Offences Wings help.
Indias new capex cycle is being driven by cash-rich giants, HSBC India CEO Hitendra Dave says
India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows require fresh triggers like reforms or FDI announcements.
8th Pay Commission calculator: Employee associations are pushing for a broader definition of family units in the upcoming 8th Pay Commission. They argue that incorporating parents into the family unit category will enhance revised salary structures significantly. This adjustment may lead to a notable increase in the basic minimum pay, highlighting the importance of supporting expanded family considerations in the proposed fitment factor.
IndiGo to launch twice-weekly direct flights between Gaya and Bangkok from October 26
IndiGo will launch twice-weekly non-stop flights between Gaya and Bangkok from October 26, connecting Bodh Gaya directly with Thailands capital. Operating on Mondays and Thursdays, the service is expected to support Buddhist pilgrimage, tourism and Bihars hospitality sector.
On August 24, 2026, the price of 22k gold jewellery experienced a notable rise, with Tanishq pricing it at Rs 15,075 per gram nationwide. Competing brands like Malabar and Kalyan also reported increased rates. Additionally, IBJA provided the latest silver prices for 999 purity. It's important to keep in mind that these rates are subject to fluctuations throughout the day.
Magnum SIF by SBI Mutual Fund garners over Rs 1,100 crore in Equity Ex-Top 100 Long Short Fund NFO
SBI Mutual Funds Magnum Equity Ex-Top 100 Long Short Fund mobilised Rs 1,154 crore, the highest NFO collection in the Equity SIF category, highlighting rising investor interest in differentiated strategies.
Why 30 carry bag charge costs the shop 26,000
ET Masterclass vs other online learning platforms: What makes it different?
ET Masterclass differentiates itself in the crowded online learning market by focusing on practical application and real-world relevance for professionals and business leaders. It offers diverse learning formats, including live sessions and immersive experiences, taught by recognized experts and industry practitioners. The platform emphasizes actionable frameworks and case studies to help learners translate knowledge into effective decision-making for evolving career and business landscapes.
PPF calculator: 1,000, 5,000 or 10,000 monthly investment can build this corpus in 15 years
PPF investment calculator: See how 1,000, 5,000 and 10,000 monthly investments could grow over 15 years at 7.1%. Check the PPF returns, tax benefits, contribution limits and long-term savings.
Going abroad? Your EPF rules may change if you are an International Worker
Working abroad or hiring a foreign national in India? EPFOs International Worker rules can change how much you contribute, when you can withdraw EPF and how social-security benefits work.
Health Ministry announces medical device regulatory reforms for ease of doing business
The Ministry of Health has introduced new regulations for medical devices. These reforms simplify requirements and enhance transparency for businesses. Outsourced sterilisation rules are now easier for manufacturers to follow. Uniform testing fees and recognized EU jurisdictions reduce ambiguity. These changes facilitate timely access to advanced medical technologies in India.
Tax regime switch: why ticking the box is not enough for business, professionals
On examining the return and the applicable compliance requirements, we found that the taxpayer had selected the new tax regime but had not furnished Form 10-IEA. The department consequently processed the return under the old regime.
Portfolios need better solutions to existing problems, not more products says Radhika Gupta
Radhika Gupta advises investors to view Specialised Investment Funds (SIFs) as solutions to specific portfolio needs rather than additional products. She highlights Hybrid Long Short for yield, Ex Top 100 for alpha and Equity Long Short for efficient equity exposure. Edelweiss MFs upcoming Altiva SIF aims to generate more consistent large-cap alpha.
Only three equity savings funds delivered 10%+ SIP returns over five years, led by HSBC Equity Savings Fund at 12.54%. Edelweiss and Kotak also crossed 10%, while the 10-year data shows HSBC continuing to lead the category.
Gold jewellery worth lakhs goes missing from Mumbai, Kanpur bank lockers Do banks compensate theft?
Recent thefts from bank lockers in Kanpur and Mumbai raise concerns about security. The Reserve Bank of India regulates locker facilities and has capped the compensation limit.
Smallcap funds stand out with 55% SIP penetration, AUM surges 5x in 5 years: Crisil-AMFI report
Smallcap funds led SIP penetration at 55% in March 2026, while SIP AUM surged over fivefold to Rs 1.83 lakh crore in five years, AMFI-Crisil data showed.
Govt releases Service PPI estimates for Q1; banking index rises
New Delhi, August 24 (IANS) The government on Monday released provisional estimates of the Service Producer Price Indices (SPPIs) for the first quarter of 2026-27, with banking, pension fund management and transport services sectors showing improvement. As per the data released by the Ministry of Commerce & Industry, the Services PPI for banking services rose []
Post Office TD: 5 lakh can grow to 7.25 lakh in 5 years; check 1, 2, 3 & 5-year returns
USFDA ends inspection of Aurobindo Pharma arm's facility with 4 observations
Aurobindo Pharma announced its subsidiary Lannett Company LLC's facility inspection concluded. The US Food and Drug Administration conducted this routine inspection from August 17-21, 2026. Four procedural observations were noted during the Seymour, USA facility's review. The company will provide its response to the USFDA within the required timeframe.
Rohit Sharma joins LightFury Games as investor; eCricket closed beta to begin in September
Rohit Sharma has joined LightFury Games as an investor and officially licensed player in its upcoming cricket title, eCricket. The game will enter closed beta in September 2026, with over 300,000 sign-ups. Rohit becomes the eighth marquee cricketer to invest in the studio, alongside MS Dhoni, Jasprit Bumrah and others.
Bank unions threaten nationwide strike to press for 5-day banking
New Delhi: The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for 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 .
Dollar or rupee? What NRIs should know before buying GIFT City insurance
NRIs should compare currency, cost, risk, tax treatment and the payout mechanism before choosing between Indian and GIFT City products.
Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Xiaomi introduced its new Xring O3 smartphone processor, aiming for greater component control. This chip, made by TSMC using its 3nm technology, targets future flagship devices. The company expects to ship between 200,000 and 300,000 units of this new processor. This move aligns with rivals like Apple and Samsung developing their own internal chips. Xiaomi's strategy seeks to reduce reliance on external chip suppliers like Qualcomm.
Bank Unions Threaten Nationwide Strikes From Sep 11 Over 5-Day Banking, Pension Demands
NEW DELHI, Aug 24: The United Forum of Bank Unions (UFBU) has called for a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive (PLI) scheme and several pending demands, including pension-related issues. The umbrella body of nine bank employees and officers unions has also warned of [] The post Bank Unions Threaten Nationwide Strikes From Sep 11 Over 5-Day Banking, Pension Demands appeared first on Northlines .
Bank Unions Threaten Nationwide Strike On Sep 11 Over 5-Day Banking, Pension Demands
NEW DELHI, Aug 24: The United Forum of Bank Unions (UFBU) has called for a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive (PLI) scheme and several pending demands, including pension-related issues. The umbrella body of nine bank employees and officers unions has also warned of [] The post Bank Unions Threaten Nationwide Strike On Sep 11 Over 5-Day Banking, Pension Demands appeared first on Northlines .
Bank unions announce all-India strikes in September
India banking credit growth hits 20%, LDR nears decade-high levels
Banks saw stronger loan demand across key sectors, but slower deposit growth kept funding pressures elevated and the system-wide LDR high
SCSS: How much should a senior citizen invest to earn 25,000 every quarter at 8.2%?
SCSS can help generate a predictable retirement income. At the current 8.2% interest rate, an investment of around 12.20 lakh can earn nearly 25,000 every quarter before tax. Understanding its key features is essential for planning a steady income.
Smartworks has secured Rs 235 crore in new rental revenue from existing clients. This expansion builds upon their substantial Rs 5,400 crore contracted rental revenue base. Large, fully managed campuses allow businesses to expand seamlessly within the same location. This growth reflects a structural shift in India's office market and rising demand. Smartworks' secured footprint positions it strongly to serve clients across its markets.
Priority Jewels sets IPO price band at 190-200, issue to open on Aug 28
Priority Jewels Ltd is gearing up to launch its Initial Public Offering (IPO) on August 28, with a price band of Rs 190-200 per share. The three-day public issue will close on September 1, while bidding by anchor investors will take place on August 27, according to an announcement by the company. The IPO comprises a fresh issue of up to 45.75 lakh equity shares, aggregating to Rs 86.93 crore at the lower end and Rs 91.50 crore at the upper end of the price band. At the upper price band, the post-issue implied market capitalisation of the company is estimated at around Rs 360 crore. Proceeds from the public issue will be used for debt payment and general corporate purposes. Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery. Qualified institutional buyers (QIBs) have been allocated 50 per cent of the offer, while 15 per cent has been reserved for Non-Institutional Inve
Bank unions to strike on Sept 11 over five-day banking, PLI scheme, other demands
New Delhi, Aug 24 (IANS) The United Forum of Bank Unions (UFBU) on Monday announced a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive (PLI) scheme and several pending demands, including pension-related issues. Sharing a post on the social media platform X, the UFBU an []
TVS Supply Chain Solutions has signed a strategic MoU with Japans Sankyu Inc. to jointly pursue opportunities across supply chain and engineering services, initially focusing on Indias manufacturing and industrial sectors. Sankyu intends to acquire a 0.5% stake in TVS SCS, while the companys shares rose 8.08% on Monday.
Reverse mortgage: Your house could pay you back but there's a catch
Invesco India has unveiled an innovative pharma and healthcare fund tailored for investors seeking opportunities in India's burgeoning healthcare landscape. This fund focuses on leveraging advancements in healthcare while being mindful of current sector valuations and possible US tariff repercussions. While experts advise caution, the sector's robust long-term growth potential invites investors to consider this thematic approach as a complementary investment strategy.
The President and CEO of BMW India highlights the growing luxury car market, particularly driven by younger entrepreneurs and professionals. He says BMW's unparalleled driving experience sets it apart from its rivals and welcomes competition as a driver of market growth. While the company continues to expand its electric vehicle lineup, the CEO expresses a personal preference for petrol cars. Notably, all recently sold BMWs are E25-compliant, aligning with India's ethanol-blending fuel initiatives.
Bank unions call nationwide strike on Sep 11 over 5-day banking demand
The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and the subsequent two days are bank holidays. September 14 is a holiday in some states for Ganesh Chaturthi. UFBU, an umbrella body of nine bank employees' and officers' unions, has also threatened a three-day subsequent nationwide strike beginning September 28, coinciding with the half-yearly closure. They have also decided to go on an indefinite strike from October 26 onwards if their demands fall on deaf ears of the government and bank management. The decision was taken at a meeting held on Sunday, following what the unions described as the governme
Bank unions threaten nationwide strike on September 11 to press for 5-day banking, other demands
Bank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards key union proposals. The strike will impact banking services for four days, including holidays. Further strikes are planned for September 28 and an indefinite one from October 26. Unions seek five-day banking, pension improvements, and a uniform incentive scheme.
NRIs may be exempt from mandatory PAN-Aadhaar linking if they qualify as non-residents under income-tax law. Here is what to do if an NRIs PAN still shows as inoperative and how to update the status.
