Over the last six months, ICICI Bank has slashed its home loan rate by more than 105 basis points to 7.7%, while HDFC Bank has cut it by 80 bps to 7.9% over the same stretch. ICICI Bank’s rate, currently…
Read More
Anil Ambani’s Cuffe Parade residence in Mumbai was searched for the first time by CBI on Aug 23, two days after it had registered the FIR in the alleged SBI bank fraud case. After the searches, CBI had claimed that…
Read More
The PHD Chamber of Commerce and Industry has presented concerns about the proposed GST 2.0 to the Central Board of Indirect Taxes and Customs. Issues raised include unutilised Compensation Cess balances and inverted duty structures. Clarification is sought on ITC…
Read More
The Reserve Bank of India has approved Yes Bank’s proposed amendments to its Articles of Association, facilitating the appointment of nominee directors. This move precedes Sumitomo Mitsui Banking Corporation’s acquisition of stakes from SBI and other lenders. Post-acquisition, SMBC will…
Read More
Shapoor Mistry is integrating his nephews, Firoz and Zahan Mistry, into the Shapoorji Pallonji Group’s strategic operations alongside his son, Pallon. This initiative aims to involve the next generation in crucial structural changes, entrusting them with capital allocation and governance…
Read More
In a surprising move, US President Donald Trump has softened his stance towards India, expressing optimism about trade negotiations and a potential meeting with Prime Minister Modi. This follows weeks of tension marked by criticism from the US regarding trade…
Read More