The MPC voted unanimously to lower the policy rate by 25 basis points (100bps = 1 percentage point) and shift its stance to accommodative, reinforcing the central bank’s growing confidence in inflation containment.
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Rakesh Ranjan, CEO of food delivery at Eternal (Zomato’s parent), is stepping down amid a market share decline in the company’s core segment. Founder Deepinder Goyal will oversee operations until a successor is named. The leadership change comes during a…
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The Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility’s FY24 financial statements and audit reports due to fraud allegations. This action follows a Securities and Exchange Board of India (Sebi) probe that revealed fund…
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BluSmart suspended its ride-hailing operations this month and has transitioned into a fleet operator for rival Uber.
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Real estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner has not sold the land’s development rights. In this case where this judgement came, the landowner made…
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India’s leading passenger vehicle and two-wheeler manufacturers experienced market share declines in FY25 due to heightened competition. Maruti Suzuki and Hyundai’s shares in the PV segment hit 12-year lows, while Hero MotoCorp’s share also dropped significantly. Mahindra & Mahindra and…
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