GST 2.0: Will states face revenue loss?

Estimates from INDIA-bloc states such as Karnataka, Kerala, Punjab, Jharkhand, Himachal Pradesh, and West Bengal suggest that the annual shortfall cou...

Small business loans sustain growth, but asset quality pressure may rise

The outstanding SBL book (ticket size below Rs 50 million) stood at Rs 45.3 trillion as of June 2025, up 19% year-on-year (YoY) and reflecting a 20% C...

Bond yields may soften in coming months as GST revenue worries ease

The estimated revenue loss of Rs 48,000 crore is expected to be offset by higher dividends from the RBI and public sector undertakings, along with pot...

Ujjivan aims to lift secured portfolio to 65 - 70 per cent by 2030, says CEO Sanjeev Nautiyal

Third largest Small Finance Bank Ujjivan SFB's loan mix has shifted from 70:30 unsecured-to-secured in March 2024 to 54:46 currently, with a target o...

Ujjivan SFB aims to raise Rs 2,000 cr from QIP issue in 2 years

Ujjivan Small Finance Bank (SFB) is aiming to raise Rs 2,000 crore in core capital in up to two years to fund growth plans, a top official said on Mon...

HDFC Bank reduces lending rates (MCLR) for these tenures; check latest home loan, FD, base and PLR rates

HDFC Bank announces a reduction in its Marginal Cost of Funds-based Lending Rates. This move will benefit borrowers with loans linked to MCLR. The ban...

PNB Fraud case: India gives formal assurance to Belgium on Mehul Choksi's detention conditions

The Ministry of Home Affairs (MHA), Government of India, has furnished a formal letter of assurance to the Ministry of Justice, Kingdom of Belgium, an...

Bima Sugam to start ops soon, says CEO Sikdar

Bima Sugam, India's industry-owned digital insurance marketplace, is set to launch soon, with its official website going live shortly. The platform, c...

Bajaj Finance aims at ₹10 lakh-cr loan book by FY29; likely to look within for next MD

Bajaj Finance is preparing for a leadership transition. Rajeev Jain's successor will be an internal candidate. The company aims to finalize succession...

Credifin appoints CEO Shalya Gupta as MD

The non-banking company, Credifin announces the appointment of Shalya Gupta as the MD for five years.

NPCI grants TPAP approval to Viyona Fintech

This milestone enables Viyona to offer Unified Payments Interface (UPI) services in collaboration with partner banks, further strengthening India's ex...

UPI spends on gaming drop 26% in August after real-money ban

UPI payments for digital goods dipped in August after a blanket ban on real-money gaming. Many companies had to shut down such services, which account...

Indonesia bonds to extend edge over India on rate-cut bets

Investors are increasingly favoring Indonesian sovereign debt over Indian bonds, highlighting a shift in Asia's high-yield markets. The current yield...

Indian rupee faces choppy path, bond yields likely to decline; inflation data key

INDIA-WEEKAHEAD-Indian rupee faces choppy path, bond yields likely to decline; inflation data key

Indian businesses record M&A worth $11.4 billion in August, highest in value since June '22: Report

Indian businesses have seen 89 merger and acquisition (M&A) deals worth $11.4 billion in August, registering a record monthly volume and the highest v...

50% US tariffs are harsh and unsustainable, change certain: Anand Shah, ICICI Prudential AMC

ICICI Prudential's Anand Shah expects tariff resolution through dialogue. He advises tilting portfolios to 50% equity allocation given current valuat...

Sebi may ease FPI entry with 'automatic window' to boost capital inflows

Sebi plans to ease Foreign Portfolio Investors entry into India. The regulator will consider an automatic window for simplified registration. This mov...

Israel, India sign Bilateral Investment Agreement to boost economic ties

Israel is the first OECD member state to sign under India's new treaty model. The pact ensures investor protection and replaces the earlier 1996 agree...

Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0

Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22...

HCLTech appoints Amitabh Kant as independent director

HCL Technologies has appointed Amitabh Kant, former India's G20 Sherpa and CEO of NITI Aayog, as an independent director, effective September 8, 2025,...

GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are false

The CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming it factual...