Shares of Vedanta Ltd have witnessed a notable upward trajectory, climbing approximately 9% over a span of four trading sessions, fueled by growing investor optimism surrounding the company’s ongoing demerger strategy. The rally reflects renewed market confidence as the restructuring plan is increasingly viewed as a potential value-unlocking exercise for shareholders. The proposed demerger, which...
India is preparing to recalibrate its economic strategy in response to an increasingly protectionist global trade environment, with Chief Economic Advisor V. Anantha Nageswaran advocating the creation of a robust national supply chain security framework. His remarks signal a shift toward building institutional safeguards to protect India’s economic interests amid tightening global regulations and geopolitical...
Nearly two years after regulatory restrictions halted the core operations of Paytm Payments Bank, an estimated ₹800 crore remains stuck within the system, raising fresh concerns about unresolved financial liabilities and the long tail of regulatory intervention in India’s fintech sector. The situation stems from the Reserve Bank of India’s decisive action in early 2024,...
In a significant regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, marking a major development in India’s financial and fintech landscape. The decision, which came into effect on April 24, effectively bars the payments bank from carrying out banking operations under the provisions of the Banking Regulation...
Bank customers across India, particularly those with accounts at the State Bank of India (SBI), have been cautioned about a recurring cyber fraud that exploits unsuspecting users through deceptive messages and malicious app files. The scam, which continues to circulate on messaging platforms such as SMS and WhatsApp, involves fraudsters impersonating SBI and urging recipients...
The national cyber-security agency, CERT-In, has issued a high-severity alert for users of the popular web browsers Google Chrome and Mozilla Firefox, warning that outdated versions of these applications could allow hackers to gain full control of users’ devices. The advisory urges all desktop users—especially those on Windows, macOS and Linux—to update immediately to the latest...
In a high-profile legal development, Bengaluru police have registered a case of abetment to suicide against Ola Electric founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das following the death of 38-year-old engineer K Aravind. The deceased, who worked with the company since 2022, allegedly left behind a detailed 28-page note accusing senior...
In an unprecedented display of collective purchasing power, members of the Jain community, under the banner of the Jain International Trade Organisation (JITO), have purchased 186 luxury cars in a single coordinated move, collectively saving nearly ₹21 crore through bulk negotiations with leading automobile manufacturers. The large-scale purchase, valued at approximately ₹149 crore, involved premium...
Apple Inc. is reportedly in talks with Indian government officials, pushing for changes to tax provisions seen as barriers to scaling its manufacturing and operations in India. The core issue revolves around how India’s existing income tax laws treat Apple’s ownership of high-end iPhone manufacturing machinery. The Tax Challenge Under India’s Income Tax Act of...
Once again, Mukesh Ambani has held on to his position as India’s richest person—despite witnessing a dramatic decline in his net worth. According to the latest Forbes “India’s 100 Richest” list, Ambani’s fortune fell by approximately 12 percent in the past year, a drop of about USD 14.5 billion, bringing his net worth to around...