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FINANCIAL SECTOR CHALLENGES
India's non-sovereign debt may rise to 150 pc of GDP by 2047: CrisilIndia's non-sovereign debt may reach 150 percent of GDP by 2047. This increase is essential for achieving a USD 30 trillion economy. Banks ...- Corporate demand resilient amid new opportunities opened up by FTAs, says Ficci chiefIndian companies have seen firm demand despite inflationary pressures, and global crude oil moderation and improving economic conditions ha...
- India floats stratospheric airship project, invites private playersIndia is developing indigenous stratospheric airships for persistent surveillance missions. The Air Ship-based High Altitude Pseudo Satelli...
- HDFC Bank gets RBI nod to appoint Rajiv Kumar as part-time chairmanHDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15,...
- Karnataka to roll out comprehensive data centre policy to support infra requirements of AIKarnataka will soon unveil a comprehensive data centre policy to support AI infrastructure needs. This policy aims to create essential digi...
- Explained: Why is stock market rising today even as Iran-US war escalates, oil prices cross $85Indian equities rallied on Wednesday despite escalating Iran-US tensions and Brent crude crossing $85 a barrel, as investors bet the confli...
- KPMG Australia weighs 1,000 job cuts amid audit scandalKPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The com...
- Voice AI goes mainstream as enterprises move beyond pilotsVoice AI goes mainstream as enterprises move beyond pilots, with large language models enabling natural conversations and driving demand fo...
- Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email showsThe regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information s...
- Private capital should play a much larger role in India's infrastructure development: Rajkiran Rai, MD & CEO, NaBFIDIndia requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requirement cannot be met through budget...
- HDFC Bank's total workforce witnesses reduction of 3,343 employees in FY26HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent t...
- Singham vs scammers? Bandhan Bank brings Rohit Shetty for Cyber Cop missionBandhan Bank has launched Cyber Cop, a nationwide cyber fraud awareness campaign under its CSR programme with filmmaker Rohit Shetty, as cy...
- HDFC Bank ex-chairman Atanu Chakraborty's FY26 earnings rise 3.5% despite early exitAtanu Chakraborty's earnings rose to Rs 1.07 crore in FY26, as per HDFC Bank disclosures. He resigned as chairman citing ethical concerns, ...
- RBI seeks banks’ views on introducing education savings plan with better returnsThe Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recomm...
- Largecap funds no longer the best bet? Edelweiss CIO Trideep Bhattacharya explains why flexicaps may win nowEdelweiss CIO Trideep Bhattacharya argues that largecap funds may be losing their edge due to structural market share shifts. He favours fl...
- HDFC Bank MD: Chakraborty's abrupt exit a 'challenging event' that raised governance questionsHDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed C...
- Govt mandates TReDS for CPSE-MSME payments to tackle delayed duesCentral Public Sector Enterprises must now use TReDS for MSME supplier transactions. This move aims to resolve delayed payment issues for s...
- Parliamentary panel to review self-reliance, modernisation of Defence Public Sector Undertakings briefing todayThe Defence committee will meet to discuss defence public sector undertaking transformation. Earlier, the Finance committee reviewed digita...
- Financial knowledge isn’t enough: What investors need to make better money decisionsInvestors today have more financial information at their fingertips than ever before, yet access to knowledge does not always translate int...
- Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: ReportThe consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expe...
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