The Reserve Bank of India is looking to promote efficiency and innovation without undermining financial stability, Governor Sanjay Malhotra said on Friday, stressing that every regulatory change carries a cost that the central bank is mindful to minimize. “We recognize that just like there are no free lunches, regulation to enhance stability too is not…
Data released by the country’s top dealers body, Federation of Automobile Dealers Associations (Fada) on Friday showed that the total share of EVs—across scooters, bikes and cars—fell to its lowest level in the current financial year. The share of electric two-wheelers dropped to 4.56% in October from 8.09% in September, while electric four-wheelers fell to…
The top court’s 31 October clarification in the Indian Evidence Act will fundamentally reshape how corporates handle internal legal communications, lawyers told Mint. According to them, the judgment narrows the scope of legal privilege for in-house counsels, leaving them vulnerable to questioning by probing agencies, a protection that practising advocates continue to enjoy. “This judgment…
While India’s $283 billion IT industry braces for muted demand in the second half of FY26, companies ranked six to ten in the pecking order—LTIMindtree Ltd, Coforge Ltd, Mphasis Ltd, Persistent Systems Ltd, and Hexaware Technologies Ltd—have sustained their momentum. Their first-half performance was stronger than a year ago, outstripping both their own pace in…
The firm has been proactively scouting for scalable and profitable assets it can merge under Healthium—acquired last year for about ₹7,000 crore—as a bolt-on strategy and has allocated capital and resources for this, the people cited above said, speaking on the condition of anonymity. The company also has the firepower to invest significantly more if…
Pertinently, the letter was written to Shailesh Chandra, president of industry lobby Siam and managing director of Tata Motors PV (passenger vehicles). The two companies have been at loggerheads in drafting a response to the government’s latest draft of the Corporate Average Fuel Efficiency III (CAFE III) norms, which has delayed a unified industry response…
According to four people with knowledge of the matter, the Insurance Brokers’ Association of India (IBAI) is preparing to approach the GST Council and the Central Board of Indirect Taxes and Customs (CBIC) after preliminary discussions with the finance secretary and other officials received a favourable response. In simple terms, a zero-rate means no GST…
The Securities and Exchange Board of India (Sebi) is preparing a new framework to automate how pledged shares of initial public offering (IPO)-bound companies are managed, a move aimed at cutting listing delays and tightening compliance in India’s primary markets. The system will make lock-in requirements self-enforcing, even when pledged shares are invoked or released,…
NEW DELHI (Reuters) -India plans to retain a cap on voting rights for large shareholders in domestic banks, two sources said, signalling that New Delhi’s attempts to liberalise the financial sector and draw more foreign investment will remain limited in scope. Reserve Bank of India (RBI), the country’s banking regulator, has initiated a number of…
Zydus Lifesciences Ltd reported double-digit revenue and profit growth on Thursday, beating expectations for the September quarter. The Ahmedabad-based drugmaker’s consolidated revenue from operations grew 17% year-on-year to ₹6,123.2 crore, while net profit grew 38% on-year to ₹1,258.6 crore. A Bloomberg poll had pegged revenue at ₹5,953 crore and net profit at ₹1,088.9 crore. Its…