The Reserve Bank of India rejected all bids for its 8.30%, 2040 paper in its latest open market operation, while accepting the full ₹50,000 crore for other securities. Banks likely bid above market price for the rejected paper, seeking to…
Read More
Torrent Pharmaceuticals has received board approval to raise a significant Rs 12,500 crore. This capital will be generated through the issuance of securities on a private placement basis. The company plans to issue secured, rated, listed, redeemable non-convertible debentures. This…
Read More
Insurance regulators are concerned about rising distribution costs inflating premiums. This follows the removal of product-wise commission caps. Several life and non-life insurers exceeded expense limits in FY25. A committee is reviewing compensation norms amid surging breaches. Discussions are underway…
Read More
After the tech industry, another sector banking is at the risk of losing lakhs of jobs due to digitalisation and AI. According to a Morgan Stanley report, more than 200,000 European banking jobs could vanish in the coming five years…
Read More
Manufacturers of ACs, refrigerators, and TVs will face penalties if their products fail energy efficiency tests or if star rating labels are tampered with. This new government measure aims to curb power usage by ensuring appliances meet their declared energy…
Read More
At CaratLane, Vyas will oversee financial strategy, governance, and capital efficiency, with a focus on strengthening internal controls and aligning financial decision-making with long-term growth objectives
Read More