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Mumbai: The Reserve Bank of India (RBI) has clarified that loans to individuals for purchase of shares and other eligible securities will be capped at ₹1 crore per borrower across the entire banking system, while borrowing for subscribing to shares through initial public offerings, follow-on offers or employee stock option plans will be limited to ₹25 lakh per individual. RBI had earlier announced the limits would be raised to ₹1 crore from ₹20 lakh. Loans against shares, IPO funding and ESOP ...Read More >
Mumbai, Nov 10 (SocialNews.XYZ) WeWork India on Monday reported a sharp 96 per cent year-on-year (YoY) decline in consolidated profit after tax (PAT) to Rs 6.4 crore for the second quarter of FY26, compared to Rs 203.7 crore in the same period last fiscal (Q2 FY25). The steep drop in profitability came despite steady revenue growth, indicating higher expenses or one-off costs impacting margins during the quarter. Revenue from operations rose 22.4 per cent YoY to Rs 574.7 crore from Rs 469.5 cro ...Read More >
New Delhi: Electric two-wheeler maker Ather Energy has granted fresh employee stock options (ESOPs) totalling 12.7 lakh equity shares under its 2025 plan, according to regulatory filings. The company's nomination and remuneration committee approved 9.7 lakh stock options for eligible employees, while the board of directors cleared an additional 2.9 lakh stock options for key managerial personnel and senior management. In total, 12,74,424 shares have been allotted. Based on Ather's BSE closing ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within the construction-to-real estate group, where he has been involved in select projects and specific functions like strategy, human resources, and governance. It ...Read More >
Mumbai: HDFC Bank's managing director and chief executive officer, Sashidhar Jagdishan, received an 11.8 per cent hike in his annual pay, which rose to Rs 12.08 crore in the financial year 2024-25 from Rs 10.8 crore a year earlier. As per the Bank's Annual Report, Jagdishan's pay package included a basic salary of Rs 3.09 crore, allowances and perquisites of Rs 3.46 crore and a performance bonus amounting to Rs 4.67 crore. Contributions to the provident fund and superannuation were Rs 37.08 lakh ...Read More >
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