Author: admin@thebankingtimes.in
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GIFT IFSC Companies Surge to 409: Finance Ministry Details Growth Drivers
The Finance Ministry informed the Lok Sabha that the number of companies operating in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has seen a remarkable rise over the past five years. As of July 31, 2025, a total of 409 companies are operating in GIFT IFSC, compared to just 82 companies…
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Auto Stocks Jump on Hopes of GST Relief for Small Cars and Two-Wheelers
Auto Stocks Jump on Hopes of GST Relief for Small Cars and Two-Wheelers Shares of leading automobile makers rallied amid expectations that the government may cut GST on small cars and two-wheelers from 28% to 18% to boost demand. A lower tax could translate into reduced retail prices and stronger festive-season (Diwali) sales. Key Takeaways…
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MTNL Defaults on ₹8,659 Crore in Loans to Seven PSU Banks
MTNL Defaults on ₹8,659 Crore in Loans to Seven PSU Banks State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) has once again failed to repay its loans—this time totalling ₹8,659 crore—to a consortium of seven public sector banks. The outstanding amount comprises ₹7,794.34 crore in principal and ₹864.75 crore in overdue interest, with defaults spanning…
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Sebi Proposes Easier IPO Rules and Longer Shareholding Timelines for India’s Largest Companies
Sebi Proposes Easier IPO Rules and Longer Shareholding Timelines for India’s Largest Companies The Securities and Exchange Board of India (Sebi) has proposed relaxing minimum public offer (MPO) norms and extending timelines for achieving the 25% minimum public shareholding (MPS), aiming to make listings by very large companies smoother and less disruptive to markets. Key…
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Apple Leases 2.7 Lakh Sq. Ft. Office Space in Bengaluru
Apple Leases 2.7 Lakh Sq. Ft. Office Space in Bengaluru Apple India has signed a long-term lease for about 2.7 lakh sq. ft. of office space in Bengaluru, with an initial monthly rent of Rs. 6.3 crore, according to real estate data firm Propstack. The space spans multiple floors in Embassy Zenith (Embassy Group) and…
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Foreign Investments in Indian Mutual Funds Hits Record High in 2025
Foreign Investment in Indian Mutual Funds Hits Record High in 2025 The Reserve Bank of India (RBI) has released results of its 2024–25 Survey of Foreign Liabilities and Assets of Mutual Funds (MFs) and their Asset Management Companies (AMCs). The findings show a sharp rise in foreign liabilities of MFs—driven by higher non-resident holdings of…
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Good News: LIC Customers Can Now Reactivate Old Policies Without Paying Full Penalty
Good News for LIC Customers: Special Revival Campaign Offers Late Fee Concessions on Lapsed Policies Life Insurance Corporation of India (LIC) has launched a Special Revival Campaign for individual lapsed policies. The campaign will run from 18th August 2025 to 17th October 2025, offering policyholders a golden chance to restore their insurance cover and regain…
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TDB Partners with Primary Healthtech to Advance AI-Powered Point-of-Care Blood Testing Device
Highlights TDB signs agreement with Primary Healthtech Pvt. Ltd. for AI-powered, IoT-enabled Mobilab device. Mobilab already tests 25+ parameters; 10,000+ patient trials completed; CDSCO manufacturing licence obtained. Next-gen prototype to perform 5 tests simultaneously to cut patient waiting time and enable scale-up. Focus on affordable, point-of-care diagnostics for rural and underserved India; aligned with Atmanirbhar…
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Dilip Buildcon receives orders worth 4,455.63 crore
Dilip Buildcon Ltd has won two significant projects totalling ₹4,455.63 crore. A ₹2,952 crore order from Rajasthan Water Grid involves a 20-year water feeder system in Bharatpur. Additionally, a 1,503.63 crore contract from Gurugram Metro Rail includes building a 15.22 km viaduct with 14 stations. These wins boost Dilip Buildcon’s robust 13,695 crore order book.
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Maharashtra Governor CP Radhakrishnan Named NDA’s Vice-Presidential Candidate
BJP national President and Union Minister JP Nadda announced that Maharashtra Governor CP Radhakrishnan will be the NDA’s official candidate for the upcoming Vice Presidential election.