Retail Inflation Dips to 1.54%, an Eight-Year Low
India’s retail inflation has cooled sharply to 1.54% in September. This marks the lowest rate in eight years. The figure has fallen below the Reserve Bank of India’s lower tolerance…
Canara HSBC Life Insurance IPO Raises ₹750 Crore
The initial share sale of Canara HSBC Life Insurance saw 9 percent subscription on its first bidding day. Investors placed bids for 1,51,32,320 shares against the 16,67,15,000 shares available. This…
India Releases Special Coins and Stamps for RSS Centenary
The Indian government has unveiled special commemorative coins and stamps to celebrate the 100th anniversary of the Rashtriya Swayamsevak Sangh. Union Finance Minister Nirmala Sitharaman announced this significant release on…
Canara HSBC Life Expands Reach Post-IPO
Canara HSBC Life Insurance is set to boost its value of new business margins after its upcoming IPO. The company aims to diversify its product mix and expand distribution channels.…
SBI Followed Due Process in RCom Fraud Case: High Court
The Bombay High Court has upheld the State Bank of India’s decision to classify Reliance Communications’ loan account as fraudulent. Anil Ambani’s petition challenging the bank’s order was dismissed, with…
Supreme Court to Review PIL on Unclaimed Financial Assets
The Supreme Court has agreed to examine a public interest litigation concerning unclaimed financial assets in India. These assets are estimated to be worth a staggering Rs 3.50 lakh crore.…
Tata Capital’s IPO Attracts Goldman Sachs and Major Investors
Tata Capital Ltd’s US$1.7 billion initial public offering has drawn significant attention from global financial giants. Anchor investors include funds managed by Morgan Stanley, Goldman Sachs Group Inc, and Nomura…
Festive Sales Soar with Next Gen GST Reforms
The festive season in India has kicked off with record-breaking sales, marking the highest in a decade. This surge is largely attributed to the Next Gen GST reforms, which have…
National Pension System Delivers Over 13% Annual Equity Returns
India’s National Pension System (NPS) has emerged as a high-performing and cost-effective retirement planning tool. Finance Minister Nirmala Sitharaman highlighted its impressive returns during the NPS Diwas conference. The event…
Festive Tax Devolution Boosts State Finances
The Union government has released an additional tax devolution of Rs 1,01,603 crore to state governments. This festive season boost aims to accelerate capital spending and welfare initiatives. The Finance…