'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.
Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an operator, the company told Business Standard on Tuesday. "India will continue to be one of Allianz's main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an operator," the company said.
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
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Mumbai Indians' fast bowler Ashwani Kumar, who took four wickets on his IPL debut, has been praised by teammate Ryan Rickelton for his pace and ability to swing the new ball.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
The Supreme Court on Monday agreed to consider listing for urgent hearing the petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025.
'Aamir is really competitive. I feel that also keeps him young.'
'It concerns the sea and the security of the nation. What has happened is a big tragedy.'
'How can our cricket progress when there is a sword hanging constantly over the captain and coaches' heads.'
A fresh plea has been filed in the Supreme Court challenging the constitutional validity of the Waqf (Amendment) Act, 2025, claiming it was a "blatant intrusion" into the rights of a religious denomination to manage its own affairs in the matter of religion. The plea, filed by Samastha Kerala Jamiathul Ulema, argues that the amendments would distort the religious character of Waqfs and irreversibly damage the democratic process in their administration. Several other petitions have been filed in the apex court challenging the validity of the bill, including those by Congress MP Mohammad Jawed, AIMIM president Asaduddin Owaisi, and AAP MLA Amanatullah Khan.
Protests against the Waqf Act turned violent in parts of West Bengal on Friday, with demonstrators setting ablaze vehicles, disrupting traffic and rail movement, and injuring several policemen. The unrest erupted in Suti, Murshidabad district, where protesters defied prohibitory orders, hurled stones at security personnel, and torched police vans and public buses during processions. Police responded with lathi charges and tear gas, while some officers were forced to seek refuge in a nearby mosque. Similar protests were held in Malda and Kolkata, prompting Governor C V Ananda Bose to direct the state government to take swift action against those responsible. The governor also contacted Union Home Minister Amit Shah and held discussions with Chief Minister Mamata Banerjee. The Waqf (Amendment) Bill, which was recently passed by both houses of Parliament, aims to improve the management of Waqf properties, safeguarding heritage sites and promoting social welfare.
'If you look around the world at people of colour, religion, caste, sexuality or any of the marginalised communities, we are always talking in numbers.' 'We are always assigning them a statistic.' 'That is an easy way to assuage your urban guilt. Because you hide your apathy with hollow sympathy.' 'We are, in a way, making them invisible.'
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At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.
One should avoid keeping excessive funds in one's savings account.
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.
Even though IPL is widely regarded as the top T20 tournament worldwide, Hasan is optimistic that despite the scheduling clash, viewers will prefer to watch PSL if the players up the ante and perform better.
The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.
Former Pakistan Cricket Boardchairman Najam Sethi has blamed former Prime Minister Imran Khan for the decline of Pakistan cricket.
A senior railway official in Bihar was left stunned when a group of rural women claimed that they had been allowed to travel without tickets by Prime Minister Narendra Modi. The incident occurred at the Buxar railway station bordering Uttar Pradesh, where the official was inspecting the station due to the higher-than-expected rush of pilgrims visiting the Maha Kumbh. The official, Danapur Divisional Railway Manager Jayant Kumar, asked the women if they had tickets, and when they replied in the negative, he asked who told them they could travel without tickets. The women replied "Narendra Modi told us so," leaving the official speechless for a few seconds before he corrected them, stating that neither the prime minister nor any other authority had allowed this. The video of the conversation has gone viral on social media.
Afghanistan may be faced with some off-field distractions in Pakistan with Group B rivals England and South Africa being urged to boycott their matches.
In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts.
Gold prices could hit the $3500 an ounce (oz) mark in the next 18 months - up around 13 per cent from the current levels - given the global uncertainties and aided by investment demand, said analysts at BofA Securities in a recent note. Uncertainty around Trump Administration trade policies, BofA said, could continue to push the US dollar (USD) lower, further supporting gold prices near-term.
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts).
Insurgents opened fire on a passenger train in Pakistan's Balochistan province, injuring the driver and prompting security guards aboard the train to fire back. The attack occurred in the Bolan district on the Jaffar Express from Quetta to Peshawar. The train was stopped by armed men in Tunnel No 8, and efforts are being made to contact the passengers and staff. The Balochistan government has ordered emergency measures and all institutions remain active.
As the Ratan Tata Endowment Foundation and Trust are new entities, the continuous CSR fund flows from Tata Sons will help it undertake new projects.
'It is imprudent on the part of Indian insurance companies to invest out of the shareholders' fund in a private limited company.'
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
The Adani group, buoyed by a sharp recovery in its share prices over the past year, is set to embark on a series of roadshows this week to raise up to $4 billion (approximately Rs 33,254 crore) through equity and refinancing of older debt, according to banking sources. The roadshows, scheduled to take place in major cities, will inform investors about the group's investment plans across renewable energy, petrochemicals, and infrastructure development.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
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