Ahead of the Budget Session of Parliament, the Union government has convened an all-party meeting on January 27 to discuss legislative business and other issues likely to come up during the session. The meeting, chaired by Parliamentary Affairs Minister Kiren Rijiju, will be held at 11 am in the main committee room of the Parliament […]
All-Party Meet on January 27 Ahead of Budget Session Beginning January 28 Read More »
With gold prices climbing sharply, customers who store jewellery in bank lockers are being advised to reassess whether their valuables are adequately protected. Under Reserve Bank of India (RBI) rules, a bank’s liability for loss of locker contents is limited, and in many cases may fall far short of the actual value of gold stored.
Rising Gold Prices Expose Limits of Bank Locker Protection Read More »
As PhonePe prepares for its initial public offering, the updated draft red herring prospectus (DRHP) highlights the impact of regulatory constraints and heavy dependence on payments-linked revenue, even as Unified Payments Interface (UPI) transactions continue under a zero merchant discount rate (MDR) regime. The proposed IPO comprises an offer for sale of 50.6 million equity
PhonePe DRHP Highlights Regulatory Impact, Revenue Concentration Ahead of IPO Read More »
The implementation of the New Labour Codes has increased employee-related costs for private sector banks and insurance companies, leading to higher operating expenses in the October–December quarter of FY26. HDFC Bank reported operating expenses of ₹18,770 crore in Q3FY26, up from ₹17,110 crore in the previous quarter, after accounting for an estimated ₹800 crore incremental
New Labour Codes Push Up Costs for Private Banks, Insurers in Q3FY26 Read More »
The Congress has sent a clear message in the recent Maharashtra civic body elections that it continues to be a relevant political force, even while contesting on its own and without the backing of major pre-poll alliances. Despite fighting solo in many areas, the party managed to register meaningful gains across the state. Congress won
Congress Shows It Remains Relevant in Maharashtra Civic Polls Read More »
Iran’s exiled crown prince Reza Pahlavi has said that a future democratic Iran would look to build close and constructive relations with India, underlining the importance of long-standing civilisational ties between the two countries. Speaking about his vision for a post-clerical Iran, Pahlavi said that a democratic government in Tehran would prioritise partnerships with countries
Democratic Iran Would Seek Closer Ties With India: Exiled Prince Reza Pahlavi Read More »
The results of the Maharashtra municipal elections have highlighted the BJP’s growing dominance in urban centres, with the party and its ally, the Shiv Sena led by Eknath Shinde, securing strong mandates across key civic bodies, including Mumbai and Pune. In the Brihanmumbai Municipal Corporation, the BJP–Shinde Sena alliance has crossed the majority mark, bringing
BJP Dominates Maharashtra Civic Polls, Reshaping Urban Political Landscape Read More »
Subscribers of the Employees’ Provident Fund Organisation (EPFO) will be able to withdraw a portion of their provident fund directly into their bank accounts through the UPI payment gateway by April this year, according to a senior government source. The labour ministry is working on a system under which a part of the EPF balance
EPFO to Enable EPF Withdrawals via UPI by April Read More »
Amid a challenging global trade environment, India’s gems and jewellery sector has called for targeted duty rationalisation, procedural reforms and a reduction in GST in the Union Budget for 2026–27 to strengthen its global competitiveness. The Gem and Jewellery Export Promotion Council (GJEPC), in its pre-Budget recommendations submitted to Finance Minister Nirmala Sitharaman, proposed a
Gems and Jewellery Sector Seeks Duty, GST Reforms in Union Budget 2026–27 Read More »
The ongoing cold spell in West Bengal has turned a little milder over the past few days, with temperatures stabilising marginally. In Kolkata, where the minimum temperature had dipped to around 10 degrees Celsius last week, it has now risen to the 12–13 degrees range. Despite this increase, temperatures are still below normal, which is
Cold spell eases slightly in West Bengal, but chill persists Read More »
