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MUMBAI: The Reserve Bank of India has approved HDFC Bank to acquire and hold an aggregate stake of up to 9.5% in IndusInd Bank, within the regulatory framework governing significant shareholding in banks. The approval, dated Dec 15, 2025, has been disclosed by IndusInd Bank in a regulatory filing on Tuesday.According to sources the approval…
Mumbai: Flipkart has secured go ahead from the National Company Law Tribunal (NCLT) to shift its domicile to India from Singapore, taking the Walmart-controlled firm a step closer to IPO, said people aware of the matter. Flipkart did not respond to queries.In April this year, the company had started the process of shifting its base…
Panaji: State govt sealed Cafe CO2, a bustling nightclub built on stilts on the cliff face at Vagator, after finding that the 250-seater venue was operating without permission from the directorate of fire and emergency services.The joint enforcement monitoring committee also decided to seal the nightclub over concerns of structural stability. The authorities found that…
Prime Minister Modi’s upcoming visit to Oman is poised to forge a robust economic and strategic alliance, potentially including a free trade agreement and a joint defense partnership. India anticipates receiving spare parts for its retired Jaguar fleet from Oman. NEW DELHI: India’s outreach to Gulf countries is set achieve a significant boost with PM…
The Union Cabinet has approved the Viksit Bharat Shiksha Adhikshan Bill, aiming to consolidate higher education regulation under a single authority, excluding medical and legal fields. This move seeks to simplify governance and enhance academic quality. Meanwhile, a parliamentary committee will question IndiGo, DGCA, and ministry officials regarding recent flight cancellations and pilot rest rule…
NEW DELHI: The Union cabinet on Friday approved a bill which seeks to open the highly restricted nuclear power sector to private companies and also crucial for the country’s goal of achieving 100 gigawatt nuclear power capacity by 2047.The approval of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, paves…
MUMBAI: RBI has granted in-principle approval for Fino Payments Bank to convert into a small finance bank, allowing it to enter lending, widen its product suite and build a stronger liability franchise while continuing current operations until final clearance. It is the RBI’s first such approval for any payments bank. Fino said it is reworking…
Union finance minister Nirmala Sitharaman in Lok Sabha NEW DELHI: Govt does not wish for India to ever face UPA-era shortages of weapons, ammunition and equipment again, and wants a steady flow of revenue to keep its defence capabilities ready to meet the needs of modern warfare, finance minister Nirmala Sitharaman said Friday as Lok…
MUMBAI: Markets regulator Sebi has given the green signal to the maiden public offer for ICICI Prudential Asset Management Co, one of the largest fund houses in India. Prudential Corp Holdings of the UK, the joint venture partner of ICICI Bank in the AMC, is selling part of its stake in the company to raise…
BENGALURU: The top seven Indian IT firms received only 4,573 H-1B petitions approved for initial employment in FY 2025—a 70% decline from 2015 and 37% fewer than in 2024, according to the National Foundation for American Policy (NFAP). The analysis, based on data from the USCIS H-1B Employer Data Hub, shows TCS is the only…
