Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.
Australia's new student visa rules focuses on stricter eligibility, higher financial and English language requirements among others.
'If you are willing to shine like the sun, you must be willing to burn like it.'
Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.
The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group, sources said. Torrent Group, which emerged as the highest bidder with an Rs 8,640 crore offer, had moved the NCLT-Mumbai against Hinduja Group's late revised bid, which it had submitted after the completion of the e-auction process on December 21.
According to Chief Secretary P K Jena, some bodies were counted twice.
Mumbai -- home to industry titans and Bollywood stars -- is witnessing a slow offtake of houses priced between Rs 10 crore and Rs 50 crore. Industry insiders and real estate watchers explain why.
A 10-member Central Bureau of Investigation (CBI) team on Monday visited the Balasore train accident site and began its probe into the triple train crash, a Railway official said.
In the October-December quarter (Q3) of FY24, Hindalco reported flat consolidated revenue year-on-year (Y-o-Y) at Rs 52,800 crore. Copper revenue rose due to higher shipments and better Average Selling Price (ASP). Revenue from the aluminium vertical and Novelis declined 3 per cent and 6 per cent Y-o-Y, respectively.
'Once filed, it cannot be revised or rectified.'
Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels.
More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards.
'Go for a base cover of Rs 10 lakh and then buy a super top-up of Rs 90 lakh.'
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
Nepal has sharply increased permit fees for climbing Mount Everest by 36 per cent and also introduced a slew of measures aimed at controlling garbage pollution on the world's tallest peak, officials said.
The proposed legislation on Emigration (Overseas Mobility (Facilitation and Welfare) Bill, 2024) seeks to replace the Emigration Act of 1983 with a view to facilitate the circular mobility of people intending to emigrate for overseas employment.
Uttar Pradesh, Gujarat and Odisha budgets maintain revenue surpluses despite welfare schemes while Rajasthan and West Bengal face high debt, fiscal deficits and low capital outlay.
The Maharashtra government has reversed its decision to make Hindi a mandatory third language in schools after facing widespread opposition. The move comes after the state's language consultation committee urged the Chief Minister to revoke the decision. The government will now issue a revised order making Hindi learning voluntary. The decision had been met with criticism from various quarters, including opposition parties and the Maharashtra Navnirman Sena, which had called for a protest against the move.
'Social media managers, bouncers, their catering department people... they tell the actor whether he should do a film or not.'
In September, the 20-time English champions reported its fifth straight annual loss as it missed out on the lucrative European Champions League competition.
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks.
Auto parts exports from India may see a slight slowdown as US President Donald Trump's 25 per cent tariff could increase car prices for buyers by 8-25 per cent, thereby affecting demand, experts believe.
Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
State-owned Life Insurance Corporation of India (LIC) has realigned its commission structures for its distributors in accordance with new surrender value norms but has no plans to introduce any "clawback", it said in a post-earnings analyst call on Friday. "It depends on our experience because the new products have been filed from October 1," said Siddhartha Mohanty, managing director and chief executive officer. The insurance regulator has revised the surrender value norms, and the revised ones came into effect on October 1.
In a continued push to spiritual tourism, there will be a focus on destinations related to the life and times of Lord Buddha.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
With modifications across all three papers -- Paper 1 (for BE/BTech), Paper 2A (for B.Arch), and Paper 2B (for BPlanning) -- students must plan their preparation intelligently to achieve a high percentile.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
Magnus Carlsen and Ian Nepomniachtchi's decision to share the World Blitz Championship title for the first time in history sparked widespread criticism.
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
Noting that these three Cs haunt Indian education today, the Congress Parliamentary Party chairperson said in an article that this "carnage" of India's public education system must end.
As the Union Budget 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through Pradhan Mantri Awas Yojna (PMAY), single-window clearance and eco-friendly policies, among others. Industry leaders and consultancy firms, including Anarock, Raheja, Gaurs, Kanodia Group, Reach, Urban Space, Justo and Eros Group, have shared their expectations.
The Telangana High Court upheld a trial court's verdict handing out death penalty to five senior operatives of banned terror outfit, Indian Mujahideen, involved in a bomb blast that left 18 people killed in 2013. The court dismissed the criminal revision appeal filed by the IM operatives while upholding the NIA court's judgment. The five members, including IM co-founder Mohd Ahmed Sidibapa alias Yasin Bhatkal, Pakistani national Zia-ur-Rahman alias Waqas, Asadullah Akhtar alias Haddi, Tahaseen Akhtar alias Monu and Ajaz Shaikh, were convicted in 2016. The special court for NIA cases here awarded capital punishment to five convicts treating it as a rarest of the rare case. The high court, after conducting a detailed hearing in the appeals filed by the convicts, confirmed the death sentence of the five IM operatives.
Opposition parties in India, led by the Congress, have demanded a detailed discussion in Parliament on alleged discrepancies in voter lists. Rahul Gandhi raised the issue in the Lok Sabha, highlighting concerns about the integrity of the electoral process. The opposition alleges large-scale duplication of EPIC numbers, which they claim undermines voter integrity and the electoral process. They have also pointed out instances of inflated voter lists in states like Maharashtra and Haryana. The Election Commission has acknowledged discrepancies but maintains that these are not widespread and that corrective measures are being taken. The opposition, however, insists on a comprehensive discussion on the matter to ensure the integrity of elections in India.
'Presumption of innocence must guide all formal actions, but transparency must not be mistaken for pre-judgment.' 'The cruel irony, however, is that Justice Varma is a fine judge who enjoys a reputation for writing well-reasoned judgments.'
10 largecaps stocks which stand to gain from the Budget.
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 per cent comes after last rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.
Equity markets will take cues from the US tariff related developments, global trends and trading activity of foreign investors this week, analysts said.
