HDFC Bank’s board meets June 18 to review legal findings on Atanu Chakraborty’s concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry’s term ends June…
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Consumer goods giant Unilever is teaming up with Accenture. They will use AI-powered digital twins in factories worldwide. This initiative aims to boost efficiency and quality.
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India’s digital fraud rate in 2025 reached 7.1%, almost double the global average. This indicates growing online fraud risks as digital payments expand. Fraudsters are increasingly targeting existing accounts with compromised credentials. Sectors like logistics, telecommunications, and insurance face high…
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The services sector also contributed to the surplus. However, higher imports, particularly crude oil, led to a merchandise deficit. Foreign portfolio investors withdrew funds amid global conflicts, impacting the capital account.
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The regulator also introduced an ‘Inoperative Fund’ framework for wound-up funds with residual obligations.
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India’s states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liabilities rising to Rs 90.51 lakh crore as of March 31, 2025, according to the Comptroller and Auditor General’s (CAG)…
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