The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.8 lakh on Indian Overseas Bank (IOB) for non-compliance with guidelines related to Priority Sector Lending (PSL) – Targets and Classification. Reason for Penalty According to RBI, supervisory findings revealed discrepancies in how IOB met its…
Oil India Limited (OIL) and GAIL India Limited (GAIL) have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation across the natural gas value chain. The partnership is designed to unlock synergies that will boost domestic gas availability, improve access to demand centres, and advance India’s transition…
Suryoday Small Finance Bank Limited on September 30, 2025, announced that it has received ₹313.89 crore from the National Credit Guarantee Trustee Company (NCGTC) under the Credit Guarantee Fund for Micro Units (CGFMU) Scheme. Claim Settlement The claim corresponds to the first interim claim for Base Year 2023–24.…
Housing and Urban Development Corporation Limited (HUDCO) has reported strong growth in loan sanctions and disbursements for the half year ended September 30, 2025, highlighting robust demand and improved financial performance. Loan Sanctions and Disbursements Surge Against total loan sanctions of ₹1,27,952 crore in FY25, HUDCO recorded ₹92,709.60…
The government has decided to keep interest rates on popular small savings schemes such as the Public Provident Fund (PPF) and the National Savings Certificate (NSC) unchanged for the October–December 2025 quarter, marking the seventh consecutive quarter of status quo. Rates Remain Steady Across Schemes According to the…
The Enforcement Directorate (ED) on Tuesday carried out searches at six locations linked to Reliance Infrastructure (R Infra) in Maharashtra and Madhya Pradesh as part of an ongoing probe under the Foreign Exchange Management Act (FEMA). The investigation, according to official sources, relates to alleged irregular foreign remittances…
The Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire the debt-laden Jaiprakash Associates Ltd (JAL), subject to the company securing a winning bid in the ongoing insolvency process. The approval marks a crucial step in the corporate insolvency resolution…
India’s fiscal deficit reached ₹5.98 lakh crore during the first five months of FY26 (April–August), accounting for 38.1% of the full-year target of ₹15.68 lakh crore, as per official data released on Tuesday. The fiscal deficit, which tracks the gap between the government’s total expenditure and receipts (excluding…
The Securities and Exchange Board of India (SEBI) has extended the implementation timeline for the rollout of algorithmic (algo) trading for retail investors, offering brokers additional time to comply with the regulatory framework. The move reflects SEBI’s effort to balance innovation with investor protection, ensuring that the adoption…
Pharma & Healthcare Headlines Pfizer Secures 3-Year Tariff Relief Pfizer Inc. has received a three-year reprieve from the US pharmaceutical import tariffs imposed by former President Donald Trump. The 100% tariff is set to take effect from October 1, but Pfizer will remain exempt for the next three…