Buisiness

NEW DELHI: Domestic commercial vehicle industry’s wholesale volumes are expected to grow 3-5% YoY in FY26, rating firm Icra said on Monday. This follows a flat volume movement estimated in FY25, marred by the demand slowdown in the first half of the fiscal due to the general elections, it said in a statement. Source link

MUMBAI: Finance ministry has invited applications for the post of chairman of the Insurance Regulatory and Development Authority of India (Irdai), with the position set to fall vacant on March 13, 2025, after Debasish Panda’s tenure ends. The last date for submitting applications is April 6, 2025. Source link

NEW DELHI: Markets regulator Sebi has notified a stricter regulatory framework for small and medium enterprise (SME) IPOs by introducing a profitability requirement and capping a 20% limit on offer-for-sale (OFS). The reforms aim to provide SMEs with a sound track record an opportunity to raise funds from the public while protecting investor interests. This…

NEW DELHI: Japanese automaker Honda on Monday said it had appointed Takashi Nakajima as the new president & CEO of Honda Cars India. He will take charge on April 1, 2025, from Takuya Tsumura, who will move to Japan at Honda head office after completing his India tenure. Nakajima has been serving as president of…

Sun Pharma, India’s largest drugmaker, is acquiring Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million (over Rs 3,000 crore).The acquisition will bolster the company’s specialty portfolio.Checkpoint is a commercial-stage company that develops novel treatments for patients with solid tumor cancers, and the acquisition includes UNLOXCYT, an FDA-approved treatment for advanced skin…

The Securities and Exchange Board of India (Sebi) has announced the launch of a certification course on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) provisions on Monday. The course is designed to enhance the understanding of these critical concepts among securities market intermediaries.Sebi stated that the certification aims to establish a common…

Private bank, IndusInd Bank on Monday said that it expects a 2.35% decline in its net worth by December 2024, following discrepancies uncovered during an internal review of its accounts, reported news agency Reuters.The bank stated in a stock exchange filing that it has appointed a reputable external agency to independently review and validate the…

NEW DELHI: As geopolitical tensions evolve into new forms, 40 per cent of board members and C-suite executives are are now identifying economic conditions as the most significant risk factor for their organisations over the next two to three years, according to a report by Protiviti.The 2025 edition of Executive Perspectives on Top Risks report…

NEW DELHI: Investments in India are expected to grow at a faster pace than consumption in the financial year 2025-26 (FY26), a report by SBI Mutual Fund said. The report highlighted a gradual improvement in economic growth during the second half of FY25, fueled by supportive measures from the government and the Reserve Bank of…

Various small finance banks are currently providing competitive interest rates on fixed deposits. (AI image) Latest Bank Fixed Deposit Interest Rates: The Reserve Bank of India (RBI) announced a 25 basis points repo rate cut in February 2025. Following this decision, numerous fixed deposit investors are seeking FD schemes with maximum interest returns. At present,…