Kotak Mahindra Bank Limited has received approval from the Competition Commission of India for its acquisition. This acquisition involves Deutsche Bank AG’s retail, private banking, and wealth management businesses in India. The deal includes significant assets like loans and deposits,…
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Non-banking financial companies are innovating loan products to align with upcoming Reserve Bank of India guidelines. These guidelines aim to limit revolving credit facilities, prompting firms to develop term loans. Bajaj Finance has already begun launching new term loan variants,…
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Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing…
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The Centre’s fiscal deficit for 2026-27 could exceed the Budget Estimate by around Rs 1.2 lakh crore, with higher subsidy spending and lower tax receipts adding pressure on government finances, according to a report by SBI Research.
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India’s passenger vehicle dispatches crossed the 5-lakh mark for the first time in October, with wholesales estimated to grow 13-15% year-on-year to 5.25-5.3 lakh units. Maruti Suzuki and Hyundai reported record monthly sales, while commercial vehicle makers also posted strong…
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Multinational companies expanding their global capability centres in India may face multiple regulatory and operational challenges going forward. Law firms are forming specialist teams to help these companies navigate complex issues including employment laws and data localisation.
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