DOWNLOAD IPFS The Reserve Bank of India (RBI) has released a draft circular introducing revised business authorization norms for Urban Co-operative Banks (UCBs). The proposed framework, titled Enhanced Compliance and Business Authorization (ECBA), is set to replace the current criteria that define a Financially Sound and Well Managed (FSWM) UCB.[Read More…]

DOWNLOAD IPFS Aditya Infotech, the company behind the CP Plus brand of surveillance and security solutions, has mobilized ₹582 crore from 54 anchor investors ahead of its upcoming initial public offering (IPO). The funds were raised at ₹675 per share, which is the upper end of the IPO price band[Read More…]

DOWNLOAD IPFS IndusInd Bank has returned to profitability in the June 2025 quarter, reporting a net profit of ₹684 crore. The recovery comes after the bank suffered a significant ₹2,329 crore loss in the March quarter, triggered by a major accounting lapse related to its derivatives portfolio. The bank had[Read More…]

DOWNLOAD IPFS The Securities and Exchange Board of India (SEBI) is facing resistance from mutual fund houses over its proposed “true-to-label” investing norms aimed at improving transparency and reducing portfolio overlap. The draft circular, released by SEBI earlier this month, outlines measures to ensure that funds with similar names and[Read More…]

DOWNLOAD IPFS Citigroup has unveiled its new premium offering, the Strata Elite Credit Card, aimed at rivaling top-tier cards such as the American Express Platinum and JPMorgan Chase’s Sapphire Reserve. With an annual fee of $595, the Strata Elite enters the luxury credit card market with a suite of travel[Read More…]

DOWNLOAD IPFS Central government employees and pensioners may see a significant salary and pension increase starting January 2026, as the 8th Central Pay Commission (CPC) is expected to propose revisions that could raise basic pay by 30 to 34 percent. This hike would be based on a fitment factor that[Read More…]

DOWNLOAD IPFS Despite the surge in India’s private credit market, global pension funds and private equity (PE) firms remain cautious about increasing their exposure. Concerns over small deal sizes, currency risk, and challenges in debt resolution are keeping several major institutional investors from making aggressive moves in the space. India’s[Read More…]

DOWNLOAD IPFS India’s equity markets are poised for a busy week as 14 initial public offerings (IPOs) are slated to open for subscription and 11 listings are scheduled to debut on the stock exchanges. This flurry of activity reflects growing investor interest and a strong pipeline of companies seeking to[Read More…]

DOWNLOAD IPFS Investors who had committed to a systematic investment plan (SIP) of ₹10,000 per month in the Edelweiss Flexi Cap Fund over the past decade would today have amassed a corpus of approximately ₹28 lakh. Continued investment since the fund’s inception could have grown that sum to ₹30.42 lakh,[Read More…]