Banks in several parts of India will remain closed on April 14, 2026, due to multiple festivals and regional observances. Key occasions include Ambedkar Jayanti, Baisakhi, Tamil New Year, Bohag Bihu, Maha Vishuva Sankranti, and Cheiraoba, among others. These celebrations are observed across various states, leading to widespread…
The Securities and Exchange Board of India (SEBI) has clarified that alternative investment funds (AIFs) managed or advised by asset management companies (AMCs) and their subsidiaries must comply with the “broad-based fund” criteria, aligning them more closely with mutual fund-style investor norms. Clarification Issued Through Informal Guidance The…
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey engaged with global investors and venture capital leaders in San Francisco, highlighting India’s commitment to attracting international capital while maintaining market stability. The interaction took place during the India–US Investment Dialogue, organised by the Confederation of Indian…
PC Jeweller Limited has announced a further reduction in its outstanding bank borrowings, marking steady progress in its efforts to strengthen its financial position and move toward a debt-free status. Debt Reduction Gains Momentum The company revealed that it has reduced its bank debt under the Joint Settlement…
The Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has approved a subsidy outlay of ₹41,534 crore for phosphatic and potassic (P&K) fertilisers for the upcoming kharif 2026 season. The allocation marks an increase of around 12% compared to the previous year, with an additional ₹4,317 crore…
Efforts to reunite unclaimed financial assets with their rightful owners have gathered pace, with a notable surge in payouts reported in recent months, according to the Reserve Bank of India (RBI). Significant Jump in Monthly Payouts The central bank highlighted that average monthly reimbursements of unclaimed deposits have…
India’s food safety landscape saw a marked improvement in FY 2025–26, driven by enhanced enforcement and compliance efforts led by the Food Safety and Standards Authority of India (FSSAI) in collaboration with state food safety authorities. Increased Inspections and Testing During the year, authorities carried out nearly 3.97…
The Government of India has introduced a set of relief measures for domestic airlines, including a 25% reduction in landing and parking charges at airports. The move is aimed at easing cost pressures faced by carriers due to rising global fuel prices and ongoing geopolitical tensions in West…
Bosch Limited has announced its intention to strengthen its presence in the mobility space by acquiring the entire stake in Bosch Chassis Systems India Private Limited. The proposed transaction involves a mix of cash consideration and issuance of equity shares through a preferential allotment route, reflecting Bosch’s strategic…
Digital lending platform KreditBee has entered the unicorn league after successfully raising $280 million in its Series E funding round, marking a significant milestone in its growth journey. The round saw participation from leading investors, including Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds. Additional backing came…
