The regulator initially sends a show cause notice to the entity concerned; if it is not satisfied by the response, a penalty follows. The fine also sends a message to the bank’s board. Source link
Sales of e-buses and e-trucks, despite last week’s tender for 10,900 e-buses, still account for a fraction of the overall demand. In fiscal year 2025 (FY25), about 4,000 electric buses were sold in India, against roughly 63,000 diesel ones, according to Vahan. Sales of medium (N2) and heavy (N3) electric trucks incentivised under the PM…
“OTT fulfils the need for personalised, mobile-first viewing, but communal content still lives on TV,” Suryavamshi said. “As long as we have multi-member, multi-generational households, television will remain the default shared medium, and that stickiness is what keeps subscriptions stable.” Source link
The Unified Lending Interface (ULI), India’s digital public infrastructure for frictionless credit delivery, has seen a sharp rise in adoption over the past year, showed the Reserve Bank of India’s (RBI) report on Trends and Progress of Banking in India 2024-25. As of 12 December, a total of 64 lenders have been onboarded to the…
While the number of bank frauds fell, the amount went up in 2025-26, showed the Reserve Bank of India’s (RBI) report on ‘Trends and Progress of Banking in India’ 2024-25. At the end of September, banks reported a total of 5,092 frauds, significantly lower than 18,386 frauds reported in the year-ago period. However, the value…
Funds raised by banks through private placements, qualified institutional placement and preferential allotment have decreased to their lowest over the last three financial years, the Reserve Bank of India’s report on trend and progress of banking in India 2024-25 showed. Up to November in the current financial year, funds raised by the public, private sector,…
Mumbai: The Reserve Bank of India (RBI) said on Monday that banks will continue to face competition from non-bank sources in lending to companies, while fast-changing technology could change how customers transact and pose cybersecurity risks. In its report on trends and progress of banking In India, the RBI said that notwithstanding a moderation in…
Saregama’s investment in Sanjay Leela Bhansali–promoted Bhansali Productions without acquiring film IP signals a structural shift in Indian cinema financing. How will this play out in the long term? Source link
IT’s acquisition spree comes on the back of slowing growth. TCS, Infosys, HCLTech, Wipro and Tech Mahindra reported revenues of $30.18 billion, $19.28 billion, $13.84 billion, $10.51 billion, and $6.26 billion respectively in the last fiscal. While TCS, Infosys, and HCLTech reported revenue growth of 3.8%, 3.9%, and 4.3%, respectively, Wipro and Tech Mahindra reported…
“Deals are certainly becoming larger and bolder, and we expect that to continue,” Maheshwari said, adding that clients will, however, remain selective in the assets that they acquire as familiarity, strategic and cultural fit and price discipline are critical elements. Factors such as profitable growth delivered by Indian companies, robust domestic consumption, expanding exports, digital…