Finance Minister Nirmala Sitharaman has affirmed that the Insolvency and Bankruptcy Code (IBC) is a pivotal force in enhancing the health of India’s banking sector and significantly improving the recovery of non-performing assets. Illustration: Dominic Xavier/Rediff Key Points Finance Minister
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns. Key Points HDFC Bank’s non-executive chairman Atanu Chakraborty and CEO Sashidhar Jagdishan were involved in a power struggle according to the
The National Stock Exchange (NSE) is set to launch Dated Brent Crude Oil futures, providing investors with a new avenue for hedging and participating in the global oil market. Photograph: Francis Mascarenhas/Reuters Key Points The NSE will introduce Dated Brent
The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes.
From Coal India Ltd incorporating a joint venture company with Damodar Valley Corporation to RailTel receiving a ₹444 crore LoI for Karnataka’s KSWAN 3.0 network project, here are some stocks to watch ahead of Monday’s trading session. 2 Min Read
Stock to watch: PC Jewellers share price will remain in focus on Monday after the company announced allotment of shares on conversion of fully convertible warrants and consequential changes in the paid-up equity share capital. The jewellery stock ended the
Escalating geopolitical tensions and economic concerns trigger a record outflow of foreign investment from Indian equities in March, impacting market stability. Illustration: Dominic Xavier/Rediff Key Points Foreign investors pulled out a record Rs 1.14 lakh crore from Indian equities in
Cybersecurity expert warns that escalating cyberattacks on critical infrastructure, such as healthcare and power grids, now pose a direct and potentially fatal threat to human lives, moving beyond traditional data theft. Key Points Cyberattacks are increasingly targeting critical infrastructure, moving
Vijaypat Singhania, the former chairman of the Raymond Group and renowned aviator, has died at 87, leaving behind a legacy of business leadership and adventure. IMAGE: Cover photo of ‘An Incomplete Life: The Autobiography’. Key Points Vijaypat Singhania, former chairman
Tata Steel is strategically poised for significant growth, capitalising on India’s burgeoning steel demand, aggressive capacity expansion, and robust cost optimisation initiatives, alongside favourable global trade policies. Photograph: Andrew Yates/Reuters Key Points Tata Steel is well-positioned to benefit from India’s
