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Business

RBI Slaps Heavy Fines on HDFC and Punjab & Sind Bank for Regulatory Violations

The Reserve Bank of India (RBI) has fined HDFC Bank Rs 75 lakh for KYC norm violations and Punjab & Sind Bank Rs 68 lakh for lapses in reporting and financial inclusion guidelines,...

Business

Wealth Migration: Why 1 in 5 Ultra-Rich Indians Are Planning to Move Abroad for Better Opportunities

A Kotak Mahindra Bank survey highlights that 20% of India's ultra-rich, with assets over Rs 25 crore, plan to move abroad for better investment opportunities, tax benefits, and glo...

Business

Breaking Barriers: Sunil Kakkar Becomes First Indian In-House Director at Maruti Suzuki

Maruti Suzuki India appoints Sunil Kakkar as its first Indian in-house director, a historic move by Suzuki Motor Corporation, balancing the board with six Japanese and six Indian m...

Business

KKR to Offload 10% Stake in JB Chemicals for Rs 2.6k Crore: A Strategic Move?

KKR, through Tau Investment Holdings, is selling a 10.2% stake in JB Chemicals for Rs 2,575 crore via block deals, at a 5% discount to the market price. This move could mark a sign...

Business

Indian IT Sector Braces for Impact Amid Rising US Economic Slowdown Fears

Ashok Soota, chairman of Happiest Minds, discusses the potential impact of a US economic slowdown on the Indian IT sector, while expressing confidence in his company's growth due t...

Business

Global Uncertainties and Trade Policies: Navigating the Risks to Next Year's Economic Growth

Geopolitical tensions and trade policy uncertainties are posing significant risks to global economic growth next year, with India's economy expected to grow by 6.5% in 2024-25 amid...

Business

Kotak Mahindra Bank CEO Reveals: RBI Rate Cuts Yet to Impact FD Rates, What's Next?

Kotak Mahindra Bank's CEO Ashok Vaswani discusses the unchanged FD rates post-RBI cuts, the challenges in deposit growth, and strategies for customer satisfaction and bank expansio...

Business

RBI Governor Advocates for Precision in Anti-Money Laundering Laws to Protect Honest Citizens

RBI Governor Sanjay Malhotra advocates for precise anti-money laundering laws to protect honest citizens, highlighting the importance of the CKYCR and the private sector's role in ...