The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: Small businesses supplying goods and services to central public sector undertakings (CPSUs) will get their dues cleared faster under proposed amendments to…
The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…
NEW DELHI: Government on Monday said that there were 576 individuals who had disclosed a gross income of over Rs 100 crore during financial year 2024-25 (assessment year 2025-26), with 161 added during the year.The additions during the year also mark the highest number in at least four years. While it is a small fraction…
Tata Sons posted a 22% jump in profit in FY26 MUMBAI: Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital, even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.Net profit at the holding company of the…
MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…
Within manufacturing, 19 of the 23 industry groups recorded positive year-on-year growth in June 2026. IIP data: Industrial production expanded by 7.3% in June, up from 5% in May, driven primarily by stronger manufacturing activity and robust growth in the electricity and gas supply segment. The June data marks the third monthly release of the…
Lofty expectations have placed particular pressure on semiconductor companies and other firms that have been among the biggest beneficiaries of the artificial intelligence boom. US stock market today: Most Wall Street indices traded higher on Tuesday, although semiconductor stocks continued to face heavy selling across global markets. Oil prices also extended their decline after retreating…
The move comes at a time when the US-Iran conflict has impacted several industries and thrown fresh light on India’s imports-driven supply chain vulnerabilities. Building a deep manufacturing base spread across multiple sectors is emerging as a cornerstone of India’s strategy to future proof itself against supply chain disruptions caused by geopolitical disruptions. Reports suggest…
What’s in your latest beauty haul?A PDRN shot? A retinol night cream? Niacinamide foundation tint? Maybe a sunscreen that’s SPF 50 PA++++ because Instagram told you anything less is a crime against your skin.Not too long ago, beauty looked very different. A “12-step skincare routine” would’ve probably lasted… 12 days. A cold cream, talcum powder,…
NEW DELHI: The Centre has permitted Reserve Bank of India to print 2 billion pieces of polymer notes initially for field trials, govt informed Parliament on Monday.Minister of state for finance Pankaj Chaudhary told the Lok Sabha that the one billion pieces each of Rs 10 and Rs 20 notes, which are hard to find,…
