Reliance Industries Limited’s chairman Mukesh Ambani has signalled intentions for initial public offerings of retail and telecommunications divisions. Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to consolidate its fast-moving consumer goods (FMCG) brands into a new entity. The new entity, to be named New Reliance Consumer Products Ltd (New RCPL), will operate as a…

Quick commerce is transforming India’s digital retail sector. The growth stands in stark contrast to Chinese counterparts. (AI image) Swiggy and Eternal (Zomato’s parent firm), India’s leading Indian e-commerce stocks, have surpassed domestic indices and Asian counterparts – China included – in the previous month, with swift recovery driving speculation about their competitive edge and…

In a move to enhance transparency and borrower flexibility, the Reserve Bank of India (RBI) has barred banks and other regulated lenders from imposing pre-payment charges on floating rate loans availed by individuals for non-business purposes. The new norms, issued under the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025, will be applicable…