The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure for both deposits and safe-deposit lockers, replacing the current inconsistent rules. Furthermore, the RBI introduced an auto-bidding feature on its Retail Direct platform, enabling investors to automate bids for Treasury-bill auctions, enhancing systematic investment planning.
The announcement amounts to a major victory for Apple and its CEO, Tim Cook, who have faced escalating threats from Trump’s tariffs.
Since its first project in 2012, Brand Trump’s footprint in India is set to quadruple to 11 mn sq ft once all planned projects are completed, a report has said
Anand Mahindra believes US tariffs will inadvertently foster new growth opportunities. He suggests India should seize this moment by implementing reforms akin to those of 1991. Mahindra proposes streamlining investment clearances throug ...more
RBI's final co-lending rules, effective January 1, 2026, introduce blended lending rates and escrow-based cashflow, potentially impacting originator attractiveness. New norms allow partial credit enhancement for bonds issued by various ...more
EID Parry, a Murugappa Group company, has reduced its standalone loss to ₹28 crore in the quarter ending June 30, 2025, compared to a loss of ₹79 crore in the same period last year.
Airbus has named Jurgen Westermeier as the new MD and president for India and South Asia, effective September 1, 2025. Westermeier, currently EVP & chief procurement officer, will take over from Remi Maillard, who is transitioning to EV ...more
Ant Group is set to fully exit Eternal (formerly Zomato) by selling its remaining 1.9% stake, valued at Rs 5,370 crore, through block deals. This move follows Ant Group's recent exit from Paytm, signaling a reduction in its India exposu ...more
TCS lateral hires face uncertainty as onboarding is delayed due to shifting business needs, prompting some to reconsider their resignations. While some managed to revoke their resignations, others were not so lucky and are now jobless. ...more
RBI Governor Sanjay Malhotra refuted US President Trump's "dead economy" comment, emphasizing India's robust 6.5% growth and significant 18% contribution to global growth, surpassing the US. While acknowledging uncertainty from US tarif ...more
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