The decision, said two bankers close to the matter, follows a regulatory push to address customer grievances, as well as internal surveys that estimated limited revenue loss if such minimum balances are not maintained. “The Reserve Bank of India wanted us to look into complaints, and this was one of the major areas. We therefore…
The demand is for a young leader equipped with in-depth knowledge of the latest digital skillsets and cross-functional experience, one who can weather all storms and drive the firm in poor visibility. But such a perfect candidate does not exist. Pranshu Upadhyay, regional director at global executive search firm Michael Page, says it upfront: a…
The Centre has asked testing agencies to check whether strict localization norms to claim incentives can be relaxed, three people aware of the development said. The heavy industries ministry has also asked these agencies to assess the likely impact of such a move, the people said on the condition of anonymity. “The testing agencies have…
The Aircraft Accident Investigation Bureau (AAIB) on Thursday slammed what it called speculative foreign media reports regarding the London-bound Air India (AI) flight that crashed soon after lift-off from Ahmedabad on 12 June, after international news outlets such as The Wall Street Journal published source-based reports that indicated that captain Sumeet Sabharwal likely turned off…
Axis Bank’s asset quality deteriorated in the first quarter of the current financial year due to the sustained elevation in retail unsecured slippages and a change in the classification metric for non-performing assets (NPA). The first among private sector banks to declare its results for the April-June quarter, Axis Bank also saw a rise in…
New Delhi: With US President Donald Trump warning of sanctions on countries that import Russian oil, union minister for petroleum and natural gas Hardeep Singh Puri said India is not worried about any such penalties and will navigate any eventuality as there is enough supply in the market. Addressing Urja Varta 2025, an annual upstream…
India’s ministry of civil aviation notified the draft Indian Aircraft Rules 2025 on 15 July. The new rules would eventually replace two British era laws and align with the laws of the International Civil Aviation Organization. What does the draft rule say, and why are these important? Mint breaks it down. Why do the new…
A Chinese-developed weight loss shot looked almost as good as Eli Lilly’s megablockbuster Zepbound in late-stage trial results rolled out Tuesday morning, in one more sign of the impending disruption that the booming Chinese biotech industry could bring to U.S. biopharma. The Jiangsu, China-based company Hengrui Pharma and its privately held U.S. partner Kailera Therapeutics…
In Himachal Pradesh—India’s second-largest apple producer after Jammu & Kashmir—an unusual combination of low snowfall, erratic rains, and fungal infections is threatening this year’s harvest. With early arrivals already thin in local mandis, retail prices are holding firm and could stay elevated until the larger Kashmir crop arrives in September. The expected shortfall in Himachal’s…
Viewership for old films on streaming platforms is surging, driven by re-releases in theatres and the emergence of content around movies and music from yesteryear on social media. This has benefitted hit Bollywood titles such as Sholay, Mughal-e-Azam, Jab We Met, Raja Hindustani and Amar Akbar Anthony. Executives said this is a mix of evolving…