A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC).
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
The Maoists in Bastar went from one village to another with kits providing badly needed medical intervention. The medical help was one key reason why the tribals were attracted to the Maoists, points out M R Narayan Swamy.
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
The recipe for Indian higher education institutions to succeed in the global markets is excellence in academics, promoting contemporary socially relevant material, and enabling individuals (learners) to realise their full potential, suggests N Ravichandran.
Young earners with high incomes and few responsibilities can save more than 30 per cent, while those with low salaries and high expenses may save less.
'The natural barrier that is Aravalli, you are demolishing it, then who will stop the desert?' 'In future, I predict that people will roam around with oxygen cylinders in Delhi because they won't be able to breathe.'
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
'When an establishment operates despite demolition or closure orders, without proper fire exits, evacuation plans or safety audits, and yet is allowed to host large crowds, the state cannot hide behind the language of accident.' 'The authorities were aware of the risks and of the violations, but chose not to act decisively because doing so would have inconvenienced those with influence and financial stakes.' 'In such a scenario, the moral and legal responsibility for the resulting deaths moves from negligence towards culpability; calling it 'murder' is a way of underlining that these lives were sacrificed at the altar of greed and complicity, not fate.'
The banking, financial services and insurance (BFSI) sector has moved back into focus for investors this calendar year, after lagging the broader market for two consecutive years. BFSI stocks have outperformed benchmark indices in 2025 so far, driving a steady rise in the sector's weighting within the Nifty 50 index.
With just 16 players out of 206 participants that started the event remaining in the fray, most of the players decided against taking undue risk and decided to wait for the next game.
After four failed reform drives, a new plan aims to rescue India's debt-laden power discoms through privatisation, accountability and long-term financial fixes.
Mumbai police have arrested six individuals from Gujarat, dismantling an interstate cyber fraud gang involved in digital arrest scams, including one where a businessman was defrauded of Rs 58 crore.
After withdrawing money on a net basis for the past three months, foreign portfolio investors (FPIs) have turned buyers with a Rs 6,480 crore investment in October so far, driven by strong macroeconomic factors.
'First, develop the ability to sell -- to persuade, negotiate and close. Second, understand the financial mechanics that determine where value pools and how profits are captured,' says Shaadi.com founder Anupam Mittal.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
The US Food and Drug Administration's (USFDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars - lower-priced, near-replicas of complex biologic medicines - could significantly benefit Indian biotech companies.
The Supreme Court has expressed serious concern over the rising cases of digital arrest cybercrime in India, where fraudsters extort money from victims by posing as law enforcement officials. The court has vowed to deal with such cases with an iron hand and has sought reports from the Ministry of Home Affairs and the CBI.
'Without our support Nitish Kumar wouldn't have become chief minister.' 'After the government was formed we became ministers, but our agenda remained the same: Amit Shah had promised reservation for Nishads.' 'He wouldn't listen, so we went to UP and contested 52 seats in the 2022 elections. He didn't like the idea of rebellion.' 'He saw that this man, coming from Bombay, is very sharp. He's made four MLAs now, tomorrow he'll make 40. A time will come when they will make it 125.' 'They bought our MLAs and ousted us from the government.'
Bharti Airtel on Monday reported over twofold jump in consolidated net profit at Rs 8,651 crore for September quarter FY26, mainly on account of growth in high-paying smartphone customers and post-paid connections.
An independent magisterial inquiry has been initiated into the death of social entrepreneur Rohit Arya, who was shot during a police operation while holding 17 children and two adults hostage in Mumbai. The inquiry will run parallel to a crime branch investigation.
The return on investment (RoI) from technologies such as artificial intelligence (AI) will take time to materialise, and the immediate priority should be to increase spending on building governance frameworks around AI, top bank executives said.
It was in the first game that Anand had outplayed Kasparov and the former world No 1 survived thanks to some unforced error by the Indian ace.
Risk assessment platforms are increasingly using diverse data sources to help lenders identify groups attempting to access credit from regulated entities and to improve the process of evaluating new-to-credit (NTC) users.
Interest in green living is rising, with clean air and open spaces becoming key selling points for residential projects, particularly as Indian cities struggle with deteriorating air quality.
Banks will be able to give loans to Indian companies for acquiring the entire equity stake or a controlling part of it in domestic or foreign firms as strategic investment that creates long-term value rather than for short-term financial restructuring if the Reserve Bank of India's (RBI's) draft circular, issued on Friday, comes to fruition.
The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.
India hosts the event from a position of unprecedented strength with a string of titles under its belt.
Eighteen-year-old Adarsh Kumar from India, who founded Skillzo, a skill-building and mentorship start-up for less privileged students, is the winner of the Chegg Global Student Prize this year.
'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'
India's new climate pledge to the UN could be weakened by its growing use of coal, even as the country plans a 2035 roadmap to cut emissions and boost clean energy.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
CERC, which has a key role in India's power sector, has also set up a committee to gather further evidence in the matter and take suitable action.
Domestic institutional investors (DIIs) poured in Rs 94,829 crore of fresh money into Indian equities in August, the second-highest monthly inflow after record Rs 1.07 trillion influx in October 2024.
'The steel industry has a multiplier effect on direct and indirect employment, national security on the supply chain, technology access etc.'
The rising tide of Indian nationalism meant that the people of princely states now were keen to become a part of a united and integrated India rather than remain subjects of a princely state. The Congress too supported the people's wish and it fell upon Patel to get the princes to agree. He did so magnificently, using every trick available, whether it was sweet talk or coercion; the rulers buckled and Patel earned the eternal gratitude of the entire nation.
Earlier, such entities were only permitted to invest their rupee surplus balance in accounts in central government securities, including treasury bills. "It has now been decided to also permit investment of these balances in non-convertible debentures/bonds and commercial papers issued by an Indian company," the RBI said.
The unemployment rate for those aged 15 and above increased marginally to 5.2 per cent in September, according to a government survey released on Wednesday. The unemployment rate (UR) was 5.1 per cent in August, 5.2 per cent in July and 5.6 per cent in May and June, as per the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
Maharashtra government to resume payments for most beneficiaries of the Ladki Bahin scheme after verification process found only a small percentage to be ineligible.
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