Business Insights
Gaurs Group, one of India’s leading real estate developers, has reported a 12% rise in pre-sales, reaching ₹5,347 crore, driven by strong housing demand across the National Capital Region (NCR). The surge reflects the resilience of India’s real estate sector, supported by rising disposable incomes, urbanization, and government incentives for affordable housing. Housing Demand Boom…
Fino Payments Bank has achieved a significant milestone, with deposits reaching an all-time high of ₹2,900 crore. This surge is attributed to rapid account additions, increased customer trust, and the bank’s expanding digital and physical presence across India. The achievement reflects Fino’s growing role in financial inclusion and its ability to attract new customers in…
As India prepares for the financial year 2026–27, taxpayers face a crucial decision: whether to continue with the old tax regime or shift to the new one. The draft Income Tax Rules for FY26–27 provide clarity on exemptions, deductions, and slab structures, helping individuals evaluate which regime offers better tax savings. Old Tax Regime: Traditional…
The Aditya Birla Group, one of India’s most influential conglomerates, is preparing for a transformative journey over the next decade. Chairman Kumar Mangalam Birla (KM Birla) has laid out a vision that emphasizes scale, sustainability, and diversification into new sectors, ensuring the group remains a global powerhouse. A Century-Old Legacy with Modern Ambitions The Aditya…
The Central Bureau of Investigation (CBI) has intensified its probe into a ₹228 crore bank fraud case, questioning Jai Anmol Ambani, son of industrialist Anil Ambani, for nearly 6.5 hours. The marathon interrogation highlights the seriousness of the investigation and the agency’s determination to uncover the financial irregularities linked to the case. Background of the…
India’s insolvency resolution framework, once hailed as a transparent and efficient mechanism for corporate restructuring, has come under scrutiny after Vedanta Chairman Anil Agarwal expressed concerns over the handling of Jaiprakash Associates’ case. His remarks highlight the growing debate around the credibility, speed, and fairness of the Insolvency and Bankruptcy Code (IBC), which was introduced…
In a surprising development, HCLTech has announced temporary work-from-home (WFH) arrangements for employees after a shortage of liquefied petroleum gas (LPG) disrupted operations in its office cafeterias. The move highlights how even non-core infrastructure issues can impact workplace dynamics in large IT companies, prompting flexible responses to ensure employee well-being and productivity. Why the LPG…
Yes Bank has announced the appointment of Vinay Muralidhar Tonse as its new Managing Director and Chief Executive Officer (MD & CEO) for a three-year term starting April 6, 2026. Tonse succeeds Prashant Kumar, who steered the bank through its reconstruction phase since 2020. With over 35 years of banking experience, Tonse’s leadership is expected…
Adani Energy has successfully raised $500 million in bilateral debt financing from Apollo, marking a significant milestone in its capital-raising strategy. This move underscores the group’s commitment to strengthening its balance sheet, funding expansion projects, and enhancing its position in India’s rapidly evolving energy sector. Strategic Importance of the Deal 1. Diversified Funding Sources 2….
The financial services industry is on the cusp of a major transformation, with artificial intelligence (AI) expected to disrupt traditional banking models. In this context, Nomura has initiated coverage on three leading Non-Banking Financial Companies (NBFCs), projecting that they could outperform banks over the next 15 years. The brokerage firm highlights that NBFCs, with their…
