Government Plans ₹7.5 Lakh Crore Market Borrowing FY25
The Indian government has unveiled an ambitious borrowing plan, targeting Rs 7.5 lakh crore from the domestic market in the first half of the financial year 2024-25 (FY25). This figure marks a significant portion (53%) of the total borrowing target of Rs 14.13 lakh crore set for FY25. The raised funds will be used to […]
IRDAI Lists LIC, GIC Re, New India Assurance as D-SIIs
The Insurance Regulatory and Development Authority of India (IRDAI) has kept Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re), and New India Assurance Company Limited (New India Assurance) on its list of Domestic Systemically Important Insurers (D-SIIs) for the 2023-24 financial year. This decision, marking the third consecutive year of […]
HPCL, Tata alliance for Nationwide EV Charging
India’s electric vehicle (EV) landscape is poised for a significant transformation. In a move that could significantly accelerate EV adoption, Tata Motors and Hindustan Petroleum Corporation Ltd (HPCL) have announced a groundbreaking partnership to establish a nationwide network of 5,000 EV charging stations. This strategic collaboration, signed between Tata Passenger Electric Mobility Limited (TPEM) and […]
Karvy Investor Services Loses SEBI Merchant Banker Status
In a move that underscores its commitment to investor protection, the Securities and Exchange Board of India (SEBI) revoked the merchant banker license of Karvy Investor Services Ltd (KISL) effective March 28, 2024. This decisive action stems from a series of compliance failures identified by SEBI during a March 2023 inspection. SEBI Inspection Uncovers Concerning […]
Axis Bank Launches Digital Dollar FDs for NRIs at GIFT City
Axis Bank, a leading Indian private sector bank, has shaken up the NRI investment landscape with the introduction of digital US dollar fixed deposits (FDs) at GIFT City. This groundbreaking initiative, launched on March 27, 2024, signifies a major leap forward in streamlining NRIs’ investment experiences through digitalization. Effortless Onboarding Experience Gone are the days […]