Noel Tata, nearing 70, is preparing to step down from Tata group company boards, initiating a significant leadership transition. Discussions are underway for replacements to ensure continuity across key businesses. This move aligns with the group’s governance policy of executives…
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Indian banks have started building precautionary buffers and floating provisions against possible second order risks from the ongoing West Asia conflict, despite reporting no visible stress in their loan books so far. Axis Bank created a Rs 2,001 crore provision,…
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India’s private investment has seen a significant jump. This signals a strong revival in the country’s investment cycle. Industry leaders are proposing measures to navigate global challenges. These include fuel excise duty adjustments and faster payments for small businesses. The…
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The Reserve Bank of India and the European Central Bank have signed a Memorandum of Understanding. This agreement aims to boost cooperation in central banking. The MoU updates a previous pact from 2015. It will facilitate information exchange and policy…
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In recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged forex exposure, by linking an institution’s NOP to its size and flows, two bankers told ET.
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Other companies that obtained approval are Horizon Industrial Parks, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers. These firms are now set to launch their public offerings on the BSE and NSE.
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