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Arvind Rao, Senior Director & Head-Credit Policy Group at India Ratings and Research, adds that the strength built over the past few years continues to provide a buffer, especially for higher-rated companies. However, the impact is expected to be uneven, with mid-tier credits and sectors dependent on energy inputs more vulnerable.After a long stretch of upgrades, India's corporate credit story may be starting to turn. Rating agencies say the momentum is still holding for now, but early signs sug ...Read More >
Mumbai is not a water-stressed city. But the BMC's policies ensure that 2.5 million Mumbaikars - often the most vulnerable - are still deprived of piped waterThe Supreme Court once said that water is a "gift of nature". It failed to add that this "gift" is received disparately: to some, in abundance; to others, sparingly or not at all. The late novelist Kiran Nagarkar caustically captured the everyday struggle of working people for water, by personifying the mundane object that dispenses it: "T ...Read More >
Mumbai, April 1 (SocialNews.XYZ) Maharashtra Revenue Minister Chandrashekhar Bawankule said on Wednesday that the state government avoided a proposed 12 to 14 per cent increase in ready reckoner (RR) rates, citing prevailing global and war conditions. "The state government rejected the proposed increase in property rates to protect public interest," he added. He said micro-zoning would be implemented in metropolitan cities such as Mumbai, Pune, Thane, Nagpur and Chhatrapati Sambhajinagar, unde ...Read More >
Mumbai, Apr 1 (PTI) Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a "review of evolving market conditions" and are applicable immediately. Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the central bank said in a late-evening notification ...Read More >
New Delhi: The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, observed tha ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the insolvency law to provide faster resolution of stressed firms and reduce case backlog, with Finance Minister Nirmala Sitharaman emphasising that the intent is not to liquidate companies but to help them run with guardrails. The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. As of December 2025, IBC has facilit ...Read More >
New Delhi, Apr 1 (PTI) The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Finance Minister Nirmala Sitharaman said the IBC has contributed to the health of ...Read More >
New Delhi, Apr 1 (PTI) Women in India's formal workforce stay in their jobs "36 per cent" longer than men, said a new report released on Wednesday, debunking the perception that they are a retention risk. The data-led findings, conducted by fintech platform SalarySe, are based on an analysis of over 47,800 EPFO records of its registered users, primarily salaried professionals in urban areas. "The median tenure for women stands at 10.6 months, compared to just 7.8 months for men. In fact, only ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The credit ratio of India Inc declined in the second half of fiscal 2026, even as the overall credit outlook for the FY27 remains stable but cautious due to the ongoing West Asia conflict, noted Crisil Ratings in its latest projections. The credit ratio of Indian companies, which measures the proportion of rating upgrades to downgrades, stood at 1.50 times in the second half of FY26, moderating from 2.17 times in the first half. During the period, th ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Elitecon International and its promoter Vipin Sharma from the securities market, alleging stock price manipulation and misleading disclosures. In an interim ex-parte order, the regulator has directed Sharma and four other individuals to return ₹51 crore of illegal gains. Sebi's investigation found that Elitecon's stock witnessed an extraordinary surge - from around ₹11in August 2024 to a peak of ₹629 in June 2025 - despite ne ...Read More >
New Delhi: If you are planning a bank visit on April 1, do not be surprised if branches are shut. Across India, banks remain closed to customers on the first day of the financial year, not because of a festival or public holiday, but due to annual account closing. April 1 marks the beginning of the new financial year in India. However, for banks, it is reserved for closing accounts for the previous financial year (ending March 31) and preparing for a fresh accounting cycle. Why Banks Remain Cl ...Read More >
Accountant general (audit) releasing the CAG reports in Bhubaneswar on Tuesday. The Comptroller and Auditor General (CAG) of India has pulled up the Odisha government for inefficiency in revenue realisation from state public sector undertakings (SPSUs), leading to non-remittance of over Rs 5,000 crore. As per the latest CAG report on state finances for 2024-25, tabled in the Assembly on Tuesday, as many as 27 SPSUs failed to remit Rs 5,146.76 crore in dividends despite reporting profits, in vi ...Read More >
Mumbai, March 31: In a significant relief to homebuyers and developers, the Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the financial year 2026-27, maintaining status quo across the state amid global uncertainties and rising construction costs. Consultations and industry feedback Officials said the annual rate-setting process involved consultations with construction professionals, document writers, and public representatives at the district level to ensur ...Read More >
Mumbai city (area under Brihanmumbai Municipal Corporation or BMC jurisdiction) recorded 15,516 property registrations in March 2026, the highest monthly registration for March in 14 years, according to data from the Maharashtra Department of Registrations and Stamps analysed by Knight Frank India. The registrations in March 2026 generated over ₹1,492 crore in stamp duty revenue for the state exchequer. The registrations include both new sales and re-sales. On a year-on-year (Y-o-Y) basis, reg ...Read More >
New Delhi, Mar 31 (PTI) India's average monthly mobile data consumption per user crossed the 31 GB mark in 2025, up from 27.5 GB in 2024, according to a report by telecom gear maker Nokia. The 13th edition of Nokia's annual Mobile Broadband Index (MBiT) said pan-India monthly 5G data traffic surged 70 per cent year-on-year to reach 12.9 exabytes (EB) in 2025. With this, 5G now contributes nearly 47 per cent of the country's overall mobile broadband traffic. "Average monthly mobile data consum ...Read More >
Mumbai (Maharashtra) [India], March 31: Rusan Healthcare Pvt. Ltd., the marketing and distribution arm of Rusan Pharma Limited, an integrated global pharmaceutical company, has announced the launch of the multi-dose delivery pen device - APOSAN® 3ml Pen (Apomorphine Hydrochloride solution for injection in cartridge)(10mg/ml)(3ml pre-filled cartridges) for treatment of motor fluctuations commonly known as 'ON-OFF' episodes in patients suffering from Parkinson's disease (PD). Also Read | Ashok Kh ...Read More >
New Delhi: The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at accelerating insolvency resolutions and strengthening India's bankruptcy framework. Piloting the Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the proposed 12 amendments will help maximise value for stakeholders, improve governance, and address persistent delays caused by litigation. A key provision mandates that insolvency applications be admitted within 14 days ...Read More >
New Delhi, Mar 30 (PTI) Morpheus Research on Monday released a report accusing travel booking platform MakeMyTrip of indulging in "anti-competitive practices" despite a significant penalty order from the Competition Commission of India (CCI) in 2022 directing the company to stop such practices. According to the report, Morpheus Research, an activist short-seller, which disclosed a short position in the company, alleged that MakeMyTrip continues to enforce price parity arrangements with hotel pa ...Read More >
Mumbai, Mar 30 (PTI) The growth in net sales of the select non-government non-financial (NGNF) public limited companies inched up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday. The sales growth of the manufacturing and services sector increased to 6.3 per cent and 10.1 per cent, respectively, during 2024-25 from 5 per cent and 7.4 per cent growth recorded in the previous fiscal, according to data on the finances of NGNF public limited companies. ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the Insolvency and Bankruptcy Code (IBC), which came into force in 2016, that would help maximise the value for stakeholders and improve the governing proc ...Read More >
Jorhat: The Tea Association of India (TAI) has urged the Assam government to address critical concerns related to land, wages, and imports before proceeding with key policy decisions impacting the tea sector, cautioning that unresolved issues could affect the industry's long-term sustainability. Addressing the 37th Biennial General Meeting of TAI's Assam Branch in Jorhat, the Association's president, Shailja Mehta, said the proposed land patta distribution to tea garden workers, though well-int ...Read More >
Gurugram : Women borrowers are emerging as some of the most reliable participants in India's credit ecosystem, according to behavioral insights from the financial empowerment platform Zavo. Drawing on activity across more than 3 million users on its platform, Zavo's data indicates that women borrowers consistently show stronger repayment discipline and higher engagement with their financial obligations than male borrowers. Within the platform, 948,000 users are women, accounting for 31.6% of t ...Read More >
India and the Gulf Cooperation Council (GCC) signed a joint statement on Tuesday, formally launching negotiations for a comprehensive Free Trade Agreement. The agreement was signed by Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al Budaiwi. India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by In ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Also Read | Maharashtra NMMS Result 2026 Out at mscenmms.in and mscepune.in: MSCE Pune ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Taking it to social media platform X, Goyal said, "Delighted to welcome H.E. Jasem Moh ...Read More >
VMPL Dharmapuri (Tamil Nadu) [India], February 17: Among the established CBSE schools in Dharmapuri, Senthil Public School located at Adhiyamankottai, Dharmapuri, continues to demonstrate consistent academic performance and competitive examination success across multiple years. The school's results place it firmly among the best schools in Dharmapuri, reflecting a disciplined academic framework supported by long-term planning and student-focused preparation. Consistent Performance in CBSE Boar ...Read More >
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