Amid probe, IndusInd Bank gets promoter Hindujas’ backing
“This shall be a new dawn with a sanitised slate to regain the position the bank enjoyed for many decades,” Hinduja said in a statement.
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Tech consultants now take up chunk of top advisory space at Big4
India’s Big Four accounting firms, traditionally known for audit and tax services, are now dominating technology consulting. Fueled by post-pandemic digital transformation, tech consulting leads in headcount and new hires. This shift marks a significant pivot, with firms like Deloitte…
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RBI governor rules out rupee targeting, focuses on volatility control
RBI Governor Sanjay Malhotra announced a review of bank licensing and insurance product distribution to address mis-selling concerns and strengthen the banking sector. The central bank aims to balance growth and stability, projecting a 6.5% GDP growth while managing inflation…
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Fresh talks begin for GST revamp with new rates
The Indian government is revisiting the GST structure to simplify it and revise rate slabs, aiming for a leaner, more efficient tax system. This move is driven by recent trade agreements and the upcoming end of the compensation cess. Discussions…
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IndusInd’s turnaround hinges on new leadership stability: Ashi Anand
Ashi Anand discusses IndusInd Bank’s potential recovery with new management and priced-in irregularities, suggesting current holders could keep holding. She also touches upon the coal sector’s deregulation efforts and favors asset/wealth management in capital markets. Anand expresses caution on pharma…
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India’s net FDI crashes 96.5% in FY25, lowest on record
India’s net FDI plummeted by 96.5% in FY25 to a record low of $353 million, driven by significant capital repatriation from IPO exits and increased outward investments by Indian firms. Gross FDI inflows rose, but large-scale exits by foreign investors,…
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