Kotak Bank has refuted reports of a customer seeing a 37-digit balance via a third-party UPI app, advising users to check balances on its official platforms. The bank clarified that the media reports indicating unusually large balances were inaccurate. Customers are urged to verify their account details using Kotak’s mobile banking app or net banking…
Bharti Airtel’s consolidated profit surged 43% to Rs 5,948 crore in the June quarter, marking its fifth consecutive quarter of profit growth, fueled by new subscribers and the impact of previous tariff increases. The company’s Africa operations witnessed a five-fold jump in net profit. India’s ARPU increased to Rs 250, surpassing Jio’s Rs 209.
Gautam Adani has relinquished his executive role at Adani Ports, becoming non-executive chairman due to Companies Act restrictions. He now focuses on emerging businesses as executive chairman of Adani Enterprises. His son, Karan Adani, already manages port operations. Gautam holds non-executive chairman positions in seven other group companies.
Nearly 580 National Highway projects, valued at approximately Rs 3.9 lakh crore, are facing delays, while another 200 projects worth Rs 1.6 lakh crore are yet to commence. Land acquisition hurdles, contractor-related issues, and pending clearances are the primary causes.
Following US President Trump’s tariff announcement, Indian pharmaceutical and textile companies experienced significant stock declines. Gokaldas Exports saw the steepest fall at 15.9%, with other textile players like Vardhman Textiles and Welspun Living also facing value erosion. While pharma is currently exempted, threats of future duties have negatively impacted stocks of Aurobindo Pharma, Lupin, Sun…
A significant churn in CFO positions across corporate India is observed, with nearly 70% exiting within two years, as revealed by Ishwa Consulting’s data. Misaligned mandates and unclear decision rights trigger almost half of these departures, overshadowing performance issues. The trend varies across sectors, with faster-moving industries experiencing higher turnover, and internal promotions showing greater…
The rupee plummeted to a record closing low of 87.8 against the dollar amid escalating US-India trade tensions fueled by potential tariff hikes. Equities weakened, with the Sensex and Nifty declining. Foreign investors offloaded shares worth ₹2,567 crore. While a weaker rupee could cushion the tariff impact by boosting exports, it also raises import costs…
Retail investors are aggressively investing in mid and smallcap mutual funds, drawn by their high returns, allocating ₹20,255 crore in Q1 FY26. Experts caution about stretched valuations, with mid and smallcap indices trading at premiums compared to historical averages and large caps. Financial advisors recommend a cautious approach, suggesting limited allocation and a long-term investment…
Aadhaar-linked identity systems are being increasingly exploited by fraudsters to file bogus insurance claims, prompting a large-scale probe by Uttar Pradesh Police. Criminals are forging Aadhaar documents to obtain policies or process fictitious claims, moving beyond previous techniques. Insurers are tightening oversight and flagging suspicious data to the Insurance Information Bureau to combat the rising…
The Securities and Exchange Board of India plans to revise norms for related party transactions. New thresholds based on company turnover are proposed. These aim to ease compliance for larger firms. A simpler disclosure format is suggested for smaller transactions. The current exemption for transactions up to Rupees one crore will remain.
