BUSINESS

The Securities and Exchange Board of India (SEBI) is working on fine-tuning its proposed Close Auction Session (CAS) for the equity cash market, potentially advancing its timing, structure, and applicability to address industry concerns, according to sources.Under the revised plan,...

The amalgamation of Aditya Birla Finance Ltd (ABFL) with its parent Aditya Birla Capital Ltd (ABCL) with effect from April 1, 2025, will lead to rationalisation and simplification of group structure, improved financial stability, and increased operational efficiency, according to...

Retail loan recoveryThis refers to ‘Banks selling retail loan a/cs showing signs of stress to ARCs’ (March 31). Retail loans, being predominantly unsecured, offer limited recovery avenues through mechanisms like SARFAESI and DRT. The increasing trend of offloading both retail...

The Centre’s decision to increase its stake in Vodafone Idea from 22.60 per cent to 48.99 per cent by converting debt worth ₹36,950 crore into equity raises serious questions about the government’s long-term vision for the cash-strapped telecom operator. While...

The Indian unit of the German engineering and technology giant has received a demand notice exceeding ₹20 crore from the Income Tax department for the assessment year 2022-23. According to the assessment order dated March 28, 2025, the company has...

From the commanding heights to the torturous disinvestment process, Sheela Dubey, in her book Public Sector and Privatisation in India, takes us through the journey of the Indian public sector in independent India. It was the 1956 Industrial Policy Resolution (IPR) that set...

Vanguard, a US-based investment management company, has announced that it will set up a Global Capability Centre (GCC) in Hyderabad.The company, which manages global assets worth $10 trillion and serves more than 50 million investors, will formally open its Hyderabad...

Over the last few centuries, the imagination of what a business can do has changed dramatically — from mom-and-pop shops to transcontinental organisations, declares Gaurav Shah, co-founder of Indian School of Development Management (ISDM), an institute with a rather unique...

About 500 weak urban co-operative banks (UCBs), which are currently under RBI’s supervisory action framework (SAF), will transition to the prompt corrective action (PCA) framework for remedial action with effect from April 1, 2025. The central bank’s PCA Framework will...