India’s economic growth is increasingly being sustained by domestic resources rather than foreign capital, according to former Reserve Bank of India (RBI) Deputy Governor Michael Patra. Speaking at the Elara India Dialogue 2025 in Mumbai, Patra emphasized that India’s ability to self-finance its development is a strategic advantage, especially amid rising global economic uncertainty and…
IndusInd Bank has appointed seasoned audit professional Pragati Gondhalekar as its new Head of Internal Audit, marking a critical step in its post-crisis recovery strategy. The move comes months after the private lender was rocked by a massive accounting discrepancy involving its derivatives portfolio and microfinance books, which led to senior-level resignations and a sharp…
In a dramatic shake-up at the helm of one of the world’s largest food and beverage companies, Nestlé has dismissed its Chief Executive Officer Laurent Freixe with immediate effect following an internal investigation that revealed an “undisclosed romantic relationship” with a direct subordinate. The Swiss multinational confirmed the decision on September 1, 2025, stating that…
Morgan Stanley’s Chief India Equity Strategist Ridham Desai has doubled down on his bullish stance on India’s economic trajectory, stating that Dalal Street is “underestimating the growth cycle” and that the country’s earnings and market peak are still ahead. Speaking in a recent investor note and media interactions, Desai emphasized that India’s structural transformation is…
In a strategic move that signals a recalibration of its global footprint, Deutsche Bank has put its India retail banking franchise on the block, inviting bids from domestic and foreign lenders. The decision, confirmed by multiple sources familiar with the matter, follows a global review of operations and mirrors similar exits by other foreign banks…
Union Commerce and Industry Minister Piyush Goyal has issued a bold call to Indian businesses, urging them to “put pressure on the Modi government” with ideas, demands, and solutions to tackle the fallout from the United States’ 50% tariff hike on Indian exports. Speaking at a Confederation of Indian Industry (CII) conference in Mumbai, Goyal…
India’s private corporate investment is poised for a robust rebound in FY2025–26, with capital expenditure expected to rise from ₹2.2 lakh crore to ₹2.67 lakh crore—a 21.5% jump year-on-year. According to the Reserve Bank of India’s August bulletin, this surge is being driven by a confluence of supportive macroeconomic factors, including a 100-basis-point policy rate…
India’s automobile sector is gearing up for a major tax overhaul as the GST Council prepares to implement a simplified two-slab structure for vehicles. The proposed reform, expected to roll out by Diwali 2025, will reduce the Goods and Services Tax (GST) on small internal combustion engine (ICE) cars from 28% to 18%, with minimal…
Nigeria has extended a strategic invitation to Indian businesses to set up manufacturing and assembly operations in the Lagos Free Zone (LFZ), positioning the West African nation as a gateway to global markets amid rising trade barriers. The offer comes at a time when Indian exporters are grappling with steep US tariffs—up to 50% on…
Odisha, one of India’s most mineral-rich states, is facing a sharp decline in its export performance, with total outbound trade falling by more than 40% between FY2020–21 and FY2024–25. According to the Odisha Economic Survey 2024–25, the state’s over-reliance on mineral commodities—particularly iron ore, coal, and chromite—has left its export basket vulnerable to global price…
