Banking services, particularly at public sector banks across India, were impacted by a nationwide strike called by the United Forum of Bank Unions (UFBU) to demand the immediate implementation of a five-day workweek and resolution of pending wage-related issues.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
The CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly receiving Rs 20.94 lakh in foreign funds without mandatory FCRA registration or prior permission. The agency claims these funds were used to organise and sustain protests against two hydropower projects in the state. A preliminary enquiry indicated Tatak received foreign contributions directly into her personal account and did not file income tax returns declaring these funds.
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
The BJP has strongly condemned the Congress's decision to sing only two stanzas of Vande Mataram, vowing to protect the dignity and national status of the full version of the national song and launch a nationwide campaign to spread its significance.
'Listing leads to greater transparency and shareholder oversight.'
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The devastating flash floods wreaked havoc across Nepal, with the ministry of external affairs on Thursday stating that 84 Indian nationals have been rescued while 290 remain uncontactable as the Himalayan nation stepped up search, rescue and relief operations following the disaster that has claimed more than 390 lives.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
A Special Investigation Team (SIT) probing the alleged embezzlement of donation money at the Ram Temple in Ayodhya is expected to question people associated with the Shri Ram Janmabhoomi Teerth Kshetra Trust and review banking arrangements for donations.
The Supreme Court has directed the Centre to submit an affidavit detailing the steps taken to implement the recommendations of the Radhakrishnan panel and the Nandan Nilekani committee for institutionalising reforms in the National Testing Agency (NTA) and improving NEET exam processes.
India's securitisation market achieved its highest-ever first-quarter performance, reaching approximately 60,000 crore, a 22 per cent year-on-year increase, primarily driven by Non-banking financial companies (NBFCs) and a significant surge in gold loan securitisation.
A massive flash flood originating in Tibet has devastated central Nepal, killing 17 people and leaving nearly 500 missing, including 105 Indians. The deluge, caused by a rock slide near the Nepal-Tibet border, swept through districts, washing away bridges and severely damaging at least a dozen hydropower projects.
The CBI has filed a chargesheet against AVJ Developers, bank officials, and others for allegedly cheating financial institutions and homebuyers in Greater Noida.
The United Forum of Bank Unions (UFBU) on Thursday said its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome. In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek.
Bank unions on Friday deferred their two-day nationwide strike beginning Monday after they received positive assurance from both the finance ministry and the IBA on their demands, including a five-day work week and adequate recruitment in all cadres. The strike call for March 24 and 25 was given by United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank employees' association.
A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.
Amidst an ongoing SIT probe into alleged embezzlement of Ram temple donations, Shri Ram Janmabhoomi Teerth Kshetra Trust treasurer Govind Dev Giri held a series of meetings in Ayodhya. These discussions followed the acceptance of resignations from former general secretary Champat Rai and trustee Anil Mishra, and the Trust's decision to overhaul its administrative structure, including appointing a professional CEO. Rai, who has adopted a vow of silence, questioned the State Bank of India's role in the donation counting process, while Giri defended Rai but acknowledged his trust in the wrong people. The SIT probe is expanding to examine the Trust's financial transactions and administrative processes.
A Mumbai court has denied bail to Hitesh Mehta, the former General Manager of New India Cooperative Bank, who is accused of orchestrating a Rs 122 crore scam. The court cited the severity of the economic offence and the complexity of the trial as reasons for the denial.
India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.
Misir Besra, a banned CPI (Maoist) politburo member with a bounty of over Rs 1 crore and wanted in 141 cases, has been arrested from Jharkhand's Dhanbad district. His arrest is considered a significant achievement in anti-Maoist operations in the state.
Real estate startup Landeed plans to invest Rs 30 crore this fiscal year to expand its business, focusing on enhancing its AI-powered property title search engine, Terra. This investment will boost GPU infrastructure, develop specialised language models, and improve Indic OCR for Indian property records, aiming to streamline property due diligence across 26 states and 4 union territories.
More than 200,000 bank officers began a one-day strike on Friday to demand a wage increase, a move unions said would halt banking operations.
Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
The All India Bank Officers Association (AIBOA) on Monday said it has launched a wing to deal with issues faced by those working for private sector lenders.
The CBI has filed three chargesheets against former Karnataka minister B Nagendra and his associate Nekkanti Nagaraj for allegedly diverting Rs 89 crore in state government funds intended for Scheduled Tribes.
'Why are we deliberately taking apart an electoral system that has worked?' 'There is no answer to that, and there is no data and has never been any on the absurd slander that foreigners are voting here,' asserts Aakar Patel.
An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.
The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.
Corporate India is projected to offer salary increments ranging from 8.6 per cent to 10.2 per cent across various industries in the financial year 2026-27, primarily fuelled by a sustained demand for skilled and execution-focused talent, according to a TeamLease Services report.
A Lucknow-based jeweller has raised concerns about the untraceable status of a three-kg silver lamp and other silver items he and his association donated to the Ram Temple in Ayodhya. His claims come amidst allegations of fund embezzlement at the temple, prompting a state-level SIT investigation ordered by Uttar Pradesh Chief Minister Yogi Adityanath.
Senior Trinamool Congress leader Chandrima Bhattacharya has resigned as the party's West Bengal president and from all other posts, citing a loss of trust after an admonishment from Mamata Banerjee. She has since been seen meeting with the Ritabrata Banerjee-led rebel faction, further deepening the organisational crisis within the TMC following its recent Assembly election defeat.
