Lending rates moving lower to raise pressure on bank NIMs
Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.
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ICAI bats for division of audit onus; signals truce with NFRA after a year
The Institute of Chartered Accountants of India is set to propose a clear division of responsibility between principal auditors of corporate groups and those auditing subsidiaries. This move aims to ensure financial statement quality and establish accountability. The recommendations will…
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Private companies may be kept out of Uranium mining
New amendments to India’s atomic energy bill may reserve uranium mining exclusively for government companies. Private firms might be excluded from this critical sector. The proposed changes to the Atomic Energy Act, 1962, and the Civil Liability for Nuclear Damages…
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India, France seal treaty revamp giving Paris dividend relief, Delhi tax rights
Bilateral trade between India and France stood at $15 billion last year, and Indian Prime Minister Narendra Modi and French President Emmanuel Macron have been forging warmer ties. The two sides have been working to recast their tax treaty since…
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Haier aims to touch $2 bn revenue by 2027-end, to invest Rs 3,500 cr in 3-4 yrs
Haier India is set to invest Rs 3,500 crore in the coming years. This expansion aims to boost capacity and achieve USD 2 billion in sales within two years. The company is establishing a new plant in southern India. This…
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Floodgates open: What 100% FDI means for insurance, you and India
India has approved 100% foreign direct investment in the insurance sector, a significant reform aimed at boosting capital inflows and enhancing service quality. This move is expected to intensify competition, drive innovation, and expand insurance access to millions, strengthening financial…
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