MUMBAI: In a renewed push to contain fraud and improve customer safeguards, RBI has asked banks to clear the growing backlog in KYC updates and warned against the routine rejection of applications. Lapses in KYC, the central bank said, weaken defences against fraud and exclusion, particularly in rural and semi-urban areas. Alongside fraud, RBI has…
CHENNAI: The current calendar year proved to be a milestone for the Indian renewable energy sector, as annual new capacity additions to the grid hit a historic high. While final numbers are awaited in early Jan 2026, the sector has already added a whopping 44.5 GW of new capacity (including the large hydro category) during…
Bengaluru: Axis International, controlled by Indian-origin billionaire Pankaj Oswal, has initiated an arbitration seeking at least $28.9 billion in compensation against the Republic of Guinea at the World Bank. The company has alleged unlawful revocation of its mining rights at one of the country’s largest bauxite operations.The United Arab Emirates-based firm filed the claim on…
RBI imposes restrictions on Loknete RD Kshirsagar Sahakari Bank MUMBAI: RBI has said that the banking sector remains resilient, backed by double-digit balance sheet growth and sustained profitability. Asset quality improved further, with the gross non-performing assets ratio falling to a multi-decadal low and the slippage ratio declining for the fifth straight year. While commercial…
MUMBAI: Silver market globally witnessed one of the most volatile sessions in recent years on Monday as the price of the white metal fluctuated over 14% in intraday trades due to a confluence of factors. The impact was witnessed in the Indian market as well.In the international market, silver prices spurt to close to $84/ounce,…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks investors can consider buying today on December 30, 2025 are: Tata Consumer Products, Britannia, and BHEL. Let’s take a look:Tata Consumer Products – Buy in the range between Rs…
Representative image (ANI) NEW DELHI: Call it the IndiGo schedule collapse and its fallout impact. A clamour has broken out between the budget airline and Air India group over having adequate captains to avoid a repeat of what happened under the new safety-enhancing flight duty time limitation (FDTL) rules.IndiGo has had to commit to DGCA…
BENGALURU: Arvind Fashions said on Monday it will acquire Flipkart Group’s stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore, making the entity a wholly owned subsidiary of the company.Arvind Youth Brands houses Flying Machine, the company’s youth-focused denim and casual wear brand. Arvind Fashions said Flying Machine has re-established itself over the…
NEW DELHI: Industrial output growth surged to a 25-month high in Nov, led by a rebound in manufacturing and mining sectors offsetting the contraction in electricity.Data released by the National Statistical Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 6.7% in Nov, higher than the 0.5% recorded in Oct…
NEW DELHI: Starting Thursday, Australia is set to provide duty-free access to all Indian exports under the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce and industry minister Piyush Goyal said Monday.“From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,” Goyal posted on…
