The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries.
The relation between a regulator and its regulated entities is collaborative and not adversarial with the common objective of maintaining the stability and credibility of the financial system. However, the action on regulated entities like penalties and business restrictions are the last resort, Reserve Bank of India (RBI)'s governor Sanjay Malhotra said on Friday.
'It will increase the contribution to gratuity, which is something the employer has to give.'
The amount involved in banking system frauds surged to Rs 21,515 crore in the first half of FY26, up 30 per cent from the same period last year, even as the number of frauds fell 2.8 times to 5,092.
The convergence of artificial intelligence, evolving labour regulations and rising employee expectations will redefine how organisations manage pay, people and performance in the coming year, a report says.
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).
The US Coast Guard seized a Russian oil tanker, the Marinera, in the North Atlantic. The crew includes three Indian citizens. Moscow has protested the seizure, calling it a violation of international maritime law and demanding humane treatment of the crew.
The RBI has flagged concerns over rising volatility in gold prices and advised lenders to exercise caution in the gold loan segment.
The Supreme Court has stayed a Madhya Pradesh High Court order that would have reinstated a judicial officer who was terminated for allegedly creating a nuisance and urinating in front of a woman's berth on a train in 2018.
The government should refrain from raising income tax surcharge on the super-rich and reintroducing wealth tax in the upcoming 2026-27 Budget, as the move could prompt persons in high-income brackets to leave the country for low-tax jurisdictions, according to tax experts.
A group allegedly protested and clashed with police during an anti-encroachment drive near a mosque in Delhi, resulting in injuries and detentions.
The Indian Rice Exporter's Federation (IREF) on Tuesday urged the government to provide tax incentives, interest subvention and freight support in the upcoming 2026 Budget to strengthen the sector's competitiveness while addressing sustainability concerns.
An investigation into the matter is currently ongoing, and police have stated that no further details will be released at this stage.
'The tragedy underscored 'serious and widespread' weaknesses in the EPFO's monitoring system and its ability to detect and act against defaulting establishments.'
The Supreme Court has sought a response from the Election Commission on a plea by Trinamool Congress MPs alleging irregularities in the revision of electoral rolls in West Bengal.
In the mid-1990s, when the shares of listed companies first began to be held in electronic form, they accounted for less than 1 per cent of the stocks bought and sold on the stock exchanges. This climbed to 99.5 per cent by 2001.
'If X fails to comply with these directions, appropriate action will be taken against the platform, including 'the loss of the exemption from liability under Section 79 of the IT Act, and consequential action as provided (for) under any law including the IT Act and the BNS.'
A trade deal makes sense only if it is fair and reciprocal. If the cost is strategic dependence or loss of policy space, waiting is the wiser option, asserts Ajay Srivastava.
The UK has called for a safe and peaceful transition of power in Venezuela following a US operation that resulted in the capture of President Nicolas Maduro. Prime Minister Keir Starmer reiterated support for international law and said the UK government will discuss the situation with US counterparts.
The Supreme Court expressed serious concern over custodial deaths, calling it a 'blot' on the system. The court is pushing for compliance with orders to install CCTV cameras in police stations and central investigation agencies to curb human rights abuses.
As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.
Markets regulator Sebi board on Wednesday approved a series of measures aimed at improving investor convenience, easing compliance norms, and deepening participation in the capital and debt markets.
The outcome of the investigations essentially formed the basis for the Department of Telecommunications (DoT) to issue a sweeping directive on November 28 last year, mandating that app-based communication services like WhatsApp, Telegram and Signal must be continuously linked to an active, physical SIM card within the device.
Filing a belated return is far better than not filing at all.
Police in Kishtwar detained a person for allegedly uploading a misleading video related to a clash between two communities. The district magistrate also issued an order regulating unregistered online news portals and social media pages to prevent misinformation and maintain public order.
'In India's competitive automotive market, staying relevant means continuously raising the bar.'
Tata Steel's two Dutch subsidiaries are facing a 1.4 billion lawsuit in the Netherlands alleging health and property damage caused by emissions from the company's steelmaking operations, a charge which the Indian conglomerate labelled as "unsubstantiated and speculative". In an exchange filing, Tata Steel said that environmental group Stichting Frisse Wind.nu (SFW) has served a writ of summons on Tata Steel Nederland BV and Tata Steel IJmuiden BV on December 19.
Companies, particularly those that are notified as Significant Data Fiduciaries, will have to make extensive investments in data mapping, process modification, consent management tools, tools to enable Data Principal Rights, and establish a well-structured Data Privacy Officer organisation.
Indian Super League (ISL) clubs on Friday formally proposed a fundamental restructuring of the country's top-tier professional football league, seeking perpetual operational and commercial rights for a club-owned league model while retaining the All India Football Federation (AIFF) as the sport's regulator.
The Central Board of Secondary Education (CBSE) has cancelled the affiliation of Neerja Modi School in Jaipur due to gross violations of student safety norms following the death of a 9-year-old girl. The board cited a failure of counselling and redressal mechanisms and ordered the school to cease new admissions.
Dense fog disrupted operations at Delhi airport, leading to cancellations and delays of hundreds of flights. Airlines are offering refunds and rescheduling options.
'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'
The father of a nine-year-old girl who allegedly committed suicide at her school in Jaipur is demanding that the principal and some teachers be charged with abetment of suicide. This follows the CBSE's decision to cancel the school's affiliation due to safety violations.
The Supreme Court has taken suo motu cognisance of the controversy surrounding the definition of Aravalli hills and is scheduled to hear the matter. The court had previously accepted a uniform definition and banned fresh mining leases in the area.
A magisterial inquiry report reveals that the Goa nightclub where a deadly fire killed 25 people was built illegally on salt pan and operated without a valid trade license, indicating serious lapses and collusion at multiple official levels.
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).
Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead.
The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said.
Blaming Indigo entirely for the crisis, Naidu said that even on December 1, 2025, when the Ministry met with Indigo on FDTL, as it required some clarification, the company didn't flag the issue that caused the crisis.
The Maharashtra Pollution Control Board (MPCB) has ordered the shutdown of 19 ready mix concrete plants in the Mumbai Metropolitan Region for violating environmental guidelines and contributing to deteriorating air quality levels.
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