The Supreme Court has ruled that a bank's one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
Sourav Ganguly, who previously served as BCCI president from 2019 to 2022, replaced his elder brother Snehasish Ganguly.
German GM Vincent Keymer stayed firmly in command of the Quantbox Chennai Grand Masters 2025 after holding India's GM Vidit Gujrathi to a second straight draw in Round 5 on Monday.
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
Erigaisi in second place, German GM Keymer leads after three rounds of Chennai chess
Women are increasingly using gig work as a pathway to economic independence which has no entry barrier, especially as an alternative to traditional jobs.
'...you won't have to announce it yourself -- people around you will tell you it's time.'
'New announcements are made every day which brings tremendous amount of instability and uncertainty.' 'Relying on America has become a big problem.'
'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.
'Shafali is in our system, we have our eye on her and the more she plays she will be able to serve India in the future in ODIs.'
Nihal Sarin lit up Round 4 of the Quantbox Chennai Grand Masters 2025 with a hard-fought win over compatriot Arjun Erigaisi
The death of a 24-year-old nurse at a private nursing home in West Bengal's Hooghly district has triggered political unrest and allegations of a cover-up. Opposition parties are demanding a fair investigation into the circumstances surrounding her death, alleging foul play and potential sexual assault.
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
India's Arjun Erigaisi delivered a commanding performance against American Awonder Liang, while compatriot Nihal Sarin lost to Germany's Vincent Keymer in the opening round of the Chennai Grandmasters Chess tournament on Thursday.
Smriti Mandhana smashed the second-fastest ODI century by an Indian woman as the hosts handed Australia their heaviest defeat -- a 102-run thrashing -- in the second ODI.
The government's move to cut GST on medicines and medical devices while exempting lifesaving drugs from the levy is a bold step that will bring direct relief to patients and families while significantly reducing financial strain on them, pharmaceuticals and healthcare industry players said on Thursday.
Global funds' assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. AUC is the total market value of equities held by FPIs.
Elavenil Valarivan strikes 10m air rifle gold; juniors continue dominance
Ruturaj Gaikwad, Prithvi Shaw included in Maharashtra squad for Buchi Babu tournament
Wholesale price inflation (WPI) stayed in negative territory for the second consecutive month at (-) 0.58 per cent in July, as prices of food articles and fuel saw deflation, even though prices of manufactured items increased, government data showed on Thursday.
Former Union Minister Pusapati Ashok Gajapathi Raju appointed as the Governor of Goa, Kavinder Gupta named as the new Lieutenant Governor of Ladakh, and Ashim Kumar Ghosh will be the new Governor of Haryana.
M Pranesh bagged the Challengers crown despite losing to IM G B Harshavardhan in the final round at the Quantbox Chennai Grand Masters.
Some of the leading life insurance companies have reported a sharp decline in the number of lives covered in FY25, largely due to a slowdown in credit-linked life insurance policies. Stress in the microfinance segment has reduced loan disbursements and, in turn, the flow of new customers to insurers.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Karthikeyan upsets Vidit Gujrathi, Vincent Keymer edges closer to maiden title at Chennai Grand Masters.
The central government has proposed just two tax rates of 5 per cent and 18 per cent in the revamped Goods and Services Tax (GST), slated to replace the current indirect tax regime by Diwali this year, highly placed sources said.
The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST.
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds.
The 20-year-old German, playing white, drew his match against Dutchman Jordan van Foreest, while results elsewhere confirmed his tournament victory.
TMC accepts Kalyan Banerjee's resignation and appoints new leaders, signaling a crackdown on dissent within the party.
Malhotra said India will be strong contenders to land the title in the showpiece, citing the right blend of youth and experience in the Harmanpreet Kaur-led squad.
'What we see now is a much stronger need for data sovereignty.'
Indian corporate are increasingly shifting away from bank funding towards alternative sources, such as equity and bond markets, as their deleveraged balance sheets have improved their ability to raise equity at better valuations. Moreover, the 100 basis points (bps) rate cut by the Reserve Bank of India (RBI) has enabled them to access long-term funds from the debt capital market at cheaper rates.
Moitra was seen in a red saree with zari butis and traditional gold jewellery, while husband Misra was dressed in a classic white traditional dhoti and kurta with a distinct Odiya bomkai borers.
Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
The average cost of an organisation for a data breach has risen 13 per cent to Rs 22 crore in 2025 from Rs 19.5 crore in the year-ago period, according to a report released on Thursday. However, despite the surge in costs, the security in artificial intelligence is still lacking, the report by global tech major IBM said.
The number of companies with promoters whose demat accounts were frozen by the stock exchanges due to non-compliance increased over the past year. The BSE froze promoter demat accounts in 457 companies, according to data from the Securities and Exchange Board of India's (Sebi's) 2024-25 annual report released on August 12.
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