Nestle India has been fined Rs 69.45 lakh by the Commissioner of Customs (Appeals) in Mumbai over a customs duty dispute. The company intends to challenge the decision, but the penalty is not expected to significantly affect its financials or…
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The Reserve Bank of India (RBI) should include loans given to infrastructure projects–such as roads, ports, railways, airports, highways, and the energy sector–under priority sector lending (PSL) or exempt them from the calculation of Adjusted Net Bank Credit (ANBC) for…
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Life Insurance Corp of India (LIC) is preparing to acquire a 40-49% stake in ManipalCigna Health Insurance, entering the standalone health insurance market. The deal, involving fresh capital infusion and some secondary share sales, is expected to disrupt the market…
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US President Trump has indicated willingness to reduce tariffs in order to facilitate a deal for TikTok’s Chinese parent ByteDance to sell the app. ByteDance faces an April 5 deadline to find a non-Chinese buyer or face a US ban…
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Sebi is probing potential insider trading by senior IndusInd Bank officials following their derivative losses disclosure. The inquiry focuses on five executives’ trades while holding sensitive information. IndusInd’s late disclosure of a ₹1,500-crore loss significantly impacted its stock value. Regulatory…
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Trump Auto Tariff: President Donald Trump announced a 25% tariff on auto imports to boost domestic manufacturing, projecting $100 billion revenue annually. While the tariffs aim to increase U.S. factory openings, they may elevate car prices and affect the global…
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