New KYC Rules for Mutual Fund Investors: A Complete Guide As mutual funds continue to gain popularity among Indian investors, regulatory changes are made periodically to enhance transparency, reduce fraud, and make the investment process smoother. One such important regulatory…
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Analjit Singh’s family office has repaid debts worth ₹5,500-6,000 crore taken from KKR & Co a decade ago for investments in property and hospitality ventures. The final tranche of ₹1,200 crore was cleared last week using funds from a 3.2%…
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Mergers and acquisitions involving digital firms with significant operations in India will need clearance from the Competition Commission of India (CCI) if they meet specific criteria. The new regulations, effective from September 10, aim to capture important transactions, especially in…
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Media agencies predict mid-to-high single digit ad revenue growth for the second half of 2024, driven by festive season spending. Brands are expected to spend nearly 50% to 55% of the annual ad expenditure during this period. The absence of…
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Nomura is forecasting India’s GDP growth to slow to 6.7% in FY25, below the RBI’s 7.2% prediction. The report cited mixed growth signals, with positives in government spending and rural demand but negatives in consumer discretionary, industrial, and external demand.…
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The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank’s violations include multiple customer identification codes and collateral security for agricultural loans. HDFC Bank’s issues involve giving gifts to…
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