Banking And Finance
RBI fines Canara Bank for violations related to KYC, inactive accounts
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 41.8 lakh on for non-compliance with certain provisions, including those related to Know Your Customer norms.…
FII tax exemption on G-Secs explained: What changed, how foreign investors can invest and key details
The government on Friday announced a major tax relief for foreign institutional investors (FIIs) by exempting them from paying taxes on both interest income and capital gains arising from government…
NSC vs tax-saving FD: All you need to know about returns, lock-in periods and tax benefits
Indian investors seeking reliable, fixed returns alongside tax relief frequently turn to two main instruments: (NSC), distributed through post offices, and five-year tax-saver fixed deposits (FDs) offered by commercial banks…
RBI proposes tighter disclosure norms for deposit rates, links bulk deposit pricing to liquidity rules
Mumbai: The Reserve Bank of India (RBI) has proposed stricter disclosure requirements for deposit interest rates and a new framework allowing banks to offer differential rates on bulk deposits based…
Market
Hexagon Nutrition IPO: Issue received healthy response on Day 01, booked 1.65 times; GMP signals solid listing
Hexagon Nutrition IPO in focus: The initial public offering of Hexagon Nutrition witnessed healthy demand from both retail and non-institutional investors on the first day of bidding on June 5.…
RBI eases investment norms to deepen foreign participation in equity, debt markets
The Reserve Bank of India (RBI) on Friday unveiled a set of measures aimed at attracting greater foreign participation in India’s equity and debt markets, including higher investment limits for…
SEBI clears 5 IPOs to raise over ₹9,900 crore
Capital market regulator SEBI has cleared five initial public offerings including that of Oravel Stays, the parent company of OYO and Advanta Enterprises. These companies intend to launch IPOs totaling…
Market
boAt enters personal grooming category with trimmers
Audio and wearables brand boAt, has expanded its lifestyle-tech portfolio by entering the personal grooming category. The brand has launched the boAt Slazer Series marking its entry into a new…
Bombay Shirt Company turns stores into lifestyle hubs with coffee, grooming and custom fashion
As retailers grapple with declining footfall and the growing dominance of online shopping, Bombay Shirt Company (BSC) is betting on an unconventional retail strategy: transforming its stores into lifestyle destinations…
TVS HLX crosses 5 million in global sales
TVS Motor Company, part of TVS VENU, announced that its motorcycle brand, TVS HLX series, crossed the significant milestone of five million sales globally. Launched first in 2013 in Africa,…
Blackstone-backed AirTrunk to invest ₹3 lakh crore and over 5GW in India’s digital infrastructure
AirTrunk, a leading hyperscale digital infrastructure platform in the APAC region, is set to invest over ₹3 lakh crore ($30 billion) towards India’s digital infrastructure capacity by 2030. This will…
Axis
