Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro...Read More
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an...Read More
Cohance Lifesciences will be investing ₹23 crore (₹230 million) in its new Current Good Manufacturing Practice (cGMP) oligonucleotide building block manufacturing facility in Hyderabad. "Oligonucleotides are a fast-emerging therapeutic class, and innovators are seeking integrated, cost-efficient partners with scalable GMP capacity. This facility is a high-impact strategic investment that complements our pilot and scale-up assets, positioning Cohance to deliver with speed, quality and flexibi...Read More
The Indian Ports Bill, 2025, proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global maritime leader. The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, by voice vote amid continued protests by opposition members of Parliament demanding a discussion on the revision of electoral rolls in Bihar. The bill proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global ma...Read More
Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro...Read More
New Delhi: In a significant policy shift, the government is preparing to allow private companies to mine, import, and process uranium, marking the end of a decades-long state monopoly in the country's nuclear sector. This strategic move aims to boost nuclear power production and attract substantial private investment, with the potential to meet 5% of India's total electricity demand if expansion targets are realized. According to the reports, the Narendra Modi-led government has set ambitious ...Read More
Mumbai: Following public outrage, ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in urban areas. Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank. "We had introduced new requirements for the minimum Monthly Average Balance (MAB) for new S...Read More
Hyderabad: Cohance Lifesciences Limited, backed by PE giant Advent International, is investing Rs 110 crore in its facilities in Hyderabad and New Jersey. This includes $10 million (approx. Rs 87 crore) in expanding its cGMP bioconjugation capabilities at its US-based subsidiary, NJ Bio, and Rs 23 crore in its new cGMP oligonucleotide building block manufacturing facility in Hyderabad.The new facility in Hyderabad, Cohance said, will enable it to take high-value chemistries like modified nucleos...Read More
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former chairman Kapil Wadhawan, his brother Dheeraj Wadhawan and four others from accessing the securities market for five years, and imposed a cumulative penalty of ₹120 crore on them for diverting company funds to entities linked to its promoters. The regulator has also prohibited Kapil and Dheeraj Wadhawan from serving as directors or key managerial personnel in any listed comp...Read More
Hyderabad: Chief minister A Revanth Reddy on Wednesday directed officials to prepare comprehensive plans for implementing Bhudhaar numbers across Telangana.The Bhudhaar number -- formally called the Unique Land Parcel Identification Number (ULPIN) -- is a 14-digit code assigned to each land parcel. Similar to Aadhaar for individuals, it serves as a permanent digital identity for land, linking directly to land records. The Congress govt views this as a key step toward digitising and streamlining ...Read More
Hyderabad: In 2024, e-visas accounted for 65.15% of all visas issued in India, with streamlined policies cutting the average processing time from several weeks to just one day. At a meeting held on Wednesday at North Block, New Delhi, chaired by Union minister of state for home Bandi Sanjay Kumar, senior officials from the ministry's foreign division focused on further simplifying visa procedures and modernising immigration checkposts across the country. Officials reported that visa rules have b...Read More
NOIDA, 13 Aug: Oil India Limited, the Maharatna CPSE of govt. of India, sustained its consolidated PAT at Rs. 2046.51 Cr. in Q1FY26 vis-à-vis Rs. 2016.30 Cr. in Q1FY25. It was informed during the company's 570th meeting of the board of directors held here on Tuesday wherein it declared its financial results for Q1FY26. OIL achieved a standalone PAT of Rs. 813.48 Cr. in Q1FY26 vis-à-vis Rs.1466.84 Cr. achieved in Q1FY25 due to sharp drop in crude price realisation from USD 84.89/bbl in Q1FY25 to...Read More
Mumbai: Recent declines in India's forex stockpile signal significant home-and-away central bank interventions in the past fortnight, estimated by some to be worth about $5-$6 billion in the offshore rupee market, to curb excessive depreciation of the local currency, bank treasury officials told ET. Market participants point to at least two instances of the Reserve Bank of India's (RBI) likely presence in the offshore non-deliverable forwards (NDF) market, particularly around 9 am, just before ...Read More
New Delhi, August 13: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from Rs 10,000 to Rs 50,000 for new customers in urban cities. The minimum balance that new ICICI Bank customers in semi-urban areas must main...Read More
New Delhi, Aug 13 (PTI) The Centre on Wednesday asked industries to follow ethical practices in labelling and advertisements of food products to ensure public health and protect consumer interest. The concern was raised at a National Stakeholder Consultation on the subject, 'Comprehensive Analysis of Regulatory Framework on Food Labelling, Advertisement and Claims,' the Health Ministry said in a statement. The consultation was organised by the Food Safety and Standards Authority of India (FSSA...Read More
India's Ambassador to Saudi Arabia, Dr. Suhel Khan, who is also accredited to Yemen, met with Dr. Rashad al-Alimi, Chairman of Yemen's Presidential Leadership Council (PLC). Accompanied by Deputy Chief of Mission Shri Abu Mathen and First Secretary Shri Rishi Tripathi, Ambassador Khan discussed bilateral relations and issues of mutual interest, emphasizing India's ongoing engagement with Yemen despite the country's persistent challenges. Ambassador Khan stated, "We share an age-old relationship...Read More
Hyderabad: Chief Minister A. Revanth Reddy has instructed officials to take steps for the allocation of Bhudhar numbers for agricultural lands across the state. He also instructed officials to develop a mechanism for the speedy completion of mutations and the registration of inherited properties. At a review meeting of the revenue and housing departments at the Integrated Command Control Centre on Wednesday, the Chief Minister enquired about the status of applications received during the recent...Read More
New Delhi [India], August 13 (ANI): President Droupadi Murmu on Wednesday said that Singapore is a key partner in India Act East Policy, MAHASAGAR Vision and Indo-Pacific Vision and the two countries have a strong partnerships in the areas of trade, investment, defence, culture, education, and people-to-people exchanges. The President made the remarks during a meeting with the ministerial Delegation from Singapore, led by Deputy Prime Minister and Minister for Trade and Industry of Singapore Ga...Read More
Jammu, Aug 13 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday felicitated organisations that ran community kitchens during the Amarnath Yatra and said the successful conduct of the pilgrimage has shown that "we are second to none in the world". The 38-day-long annual pilgrimage, which started on July 3, recorded 4.14 lakh devotees paying obeisance at the shrine of Lord Shiva in the South Kashmir Himalayas. At a felicitation ceremony held at the Spiritual Growth Centre in K...Read More
New Delhi, Aug 13 (PTI) India's solar module manufacturing capacity has hit the 100 GW mark from just 2.3 GW in 2014, Union Minister Pralhad Joshi said on Wednesday. The progress brings India close to its vision of having 500 GW of non-fossil fuel-based capacity by 2030, the Minister for New and Renewable Energy (MNRE) said in a post on X. "India has achieved a historic milestone -- 100 GW solar PV module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM), a rema...Read More
Anantnag (Jammu and Kashmir) [India], August 13 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday unveiled the trophy for the fifth edition of the Bijbehara Premier League. After unveiling the trophy, Manoj Sinha said, ...The players of Bijbehara Premier League and the spectators here know that the current Prime Minister Modi has provided significant financial assistance to improve the sports infrastructure of Jammu and Kashmir under PMDP, the Prime Minister Development Plan...Read More
Shimla (Himachal Pradesh) [India], August 13 (ANI): Heavy rainfall over the Shrikhand hills late this afternoon triggered sudden flash floods in the Ganvi and Nanti streams of Shimla district and the Kurpan stream in Kullu district's Nirmand subdivision, causing large-scale damage to infrastructure and property. The District Disaster Management Authority confirmed that people are safe in houses situated at the upper reaches. One HRTC (Himachal Roadways Transport Corporation) bus and an ambulanc...Read More
India's empanelled solar photovoltaic (PV) module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM) has touched 100 gigawatts (GW), the Ministry of New and Renewable Energy (MNRE) said on Wednesday. The 100 GW solar module capacity developed is fully listed under the government's ALMM, which specifies the solar PV modules and manufacturers eligible for use in government and government-assisted solar projects. It ensures that only quality-assured and compliant mod...Read More
Mumbai (Maharashtra) [India], August 13 (ANI): After the Brihanmumbai Municipal Corporation (BMC) proposal to feed pigeons between 6-8 AM, the Bombay High Court on Wednesday slammed the local governing body while directing that a committee be formed to seek public opinion on the issue. The committee, which will be formed by August 20 in view of public health and birds/animals welfare, is expected to submit its report on the issue. The Bombay HC gave its peace of mind to the BMC for changing it...Read More
Synopsis: Ambassador Vanlalvawna says there is a strong feeling in both countries to enhance people-to-people relations and people-to-people exchange, which is based on common historical and civilisational heritage. The Indian Embassy in Phnom Penh and the Cambodia Association of Travel Agents (CATA) Tuesday agreed to further widen the horizons in tourism cooperation by initiating joint efforts to increase the number of both inbound and outbound tourists between the two countries. This was hig...Read More
New Delhi: The Revised Income Tax Bill was passed in Lok Sabha on Monday, marking a significant update to India's tax framework. Finance Minister Nirmala Sitharaman reintroduced the Income-Tax (No. 2) Bill, 2025, which aims to replace the longstanding Income Tax Act of 1961. This legislation was passed without debate, amid protests from the Opposition....Read More
JODHPUR: On the day when the Supreme Court passed an order to remove all stray dogs from Delhi NCR streets, the Rajasthan High Court also issued a similar order on Monday. The order directed the municipal bodies, the National Highway Authority of India, and other agencies to launch a special drive to remove stray animals from cities and highways. The court listed the matter for the next hearing on September 8.The division bench of Justice Kuldeep Mathur and Justice Ravi Chirania also appealed to...Read More
Mumbai : UGRO Capital Limited ("UGRO" or "the Company"), a DataTech NBFC focused on MSME lending, announced its financial performance for the quarter ended June 30, 2025 (Q1'FY26). The Company sustained healthy year-on-year growth and a stable risk profile, while reinforcing structural growth engines of branch expansion in Emerging Markets, scale in Embedded Finance, and progress on the Profectus Capital acquisition and ongoing equity raise. Continuing its journey toward becoming the largest sma...Read More
Chennai, Aug 12 (PTI) Private sector Karur Vysya Bank has strengthened its footprint with the inauguration of three new branches in Maharashtra, Andhra Pradesh and Tamil Nadu. The Karur-based bank has opened a new branch in KK Nagar, Udayanpatti, Tiruchirappalli in Tamil Nadu, Thane in Maharashtra, and Kurnool in Andhra Pradesh, the bank's Managing Director and CEO Ramesh Babu said. The new branches, which were inaugurated on Monday, would offer a comprehensive range of banking services includ...Read More
New Delhi, Aug 12 (PTI) Drug firm Lupin on Tuesday said it has partnered with Switzerland-based Sandoz Group AG to commercialise its biosimilar ranibizumab across multiple regions. Under the terms of the agreement, Sandoz will oversee commercialisation of the product across the European Union (excluding Germany), Switzerland, Norway, Australia, Hong Kong, Vietnam, and Malaysia, the Mumbai-based drug maker said in a statement. Lupin will be responsible for manufacturing the product and for regu...Read More