Fintech firm IRIS Business Services Limited on Wednesday (March 26) announced the sudden demise of its Whole-time Director and CEO, S Swaminathan, who passed away due to cardiac arrest in the early hours of March 26, 2025. Swaminathan, a founding
Retaggio Industries IPO: The initial public offer (IPO) of Retaggio Industries, which opened for subscription on Thursday, March 27, was subscribed only 31% at the end of the first day of the book-building process. In the grey market, too, the
Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence,
Expects to raise $100 bn in tax revenues. Photograph: Mike Blake/Reuters In a significant policy announcement from the Oval Office, President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the United States, a move
The Indian industry is paranoid about the USA’s plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. Photograph: Wolfgang Rattay/Reuters They said that the talks for the proposed bilateral trade agreement
Benchmark stock indices Sensex and Nifty halted their seven-day winning run and closed down by nearly 1 per cent on Wednesday due to profit-taking in banking and IT shares. Photograph: Arko Datta/Reuters The 30-share BSE Sensex tanked 728.69 points or
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹75 lakh on HDFC Bank, citing non-compliance with its Know Your Customer (KYC) guidelines. The central bank flagged deficiencies in customer risk categorisation and the issuance of multiple
Investment word of the day: Imagine you have a sum of money and you are confused about whether to use it for investment or as a measure to protect finances from unforeseen circumstances. A unit-linked insurance plan (ULIP) is a
Godrej Consumer Products (GCPL) had a disappointing third quarter (Q3FY25) with flat volumes (after 7 per cent growth H1FY25). Price hikes will be required to maintain margins to offset the cost of palm oil inflation. However, some analysts see Q3
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. Photograph: Mike Blake/Reuters To formally start the
