Financial services firm Equirus Group on Thursday announced the appointment of Manishkumar Jain as the chief executive officer of Equirus Finance, its newly launched non-deposit-taking NBFC, days after receiving approval from the Reserve Bank of India (RBI).Jain will lead the NBFC’s expansion and build a diversified lending franchise focused on high net-worth individuals (HNIs), family…
NEW DELHI: Prime Minister Narendra Modi on Thursday announced that India is gearing up for a big shift in its nuclear policy as the Centre is now planning to allow private companies into the nuclear energy sector, a space that has traditionally been tightly controlled by the government.“We are moving towards opening the nuclear sector…
Markets regulator Sebi on Thursday rolled out a revised incentive framework for mutual fund distributors, offering additional payouts for bringing in first-time individual investors from B-30 cities and new women investors from any location.Designed to widen outreach and improve awareness, the new structure will take effect from February 1, 2026, Sebi said in a circular,…
SoftBank-backed e-commerce firm Meesho will open its initial public offering on December 3, featuring a Rs 4,250-crore fresh issue of shares, according to the red herring prospectus filed on Thursday. The issue will close on December 5, while anchor investors will be allotted shares on December 2, PTI reported.Alongside the fresh issue, the IPO will…
The European Central Bank (ECB) sees interest rates as appropriately placed for now but has left room for potential cuts in 2026, according to minutes of its October meeting released on Thursday, AFP reported.The minutes showed that October’s unanimous decision to hold the key deposit rate at 2 per cent reflected broad agreement with Chief…
He designed museums, schools and libraries before winning international acclaim late in life for 15 Central Park West in Manhattan, hailed as a rebirth of the luxury apartment building. Source link
India’s textiles sector is set for a research and innovation lift with the government approving the Rs 305 crore Tex-RAMPS scheme, the textiles ministry said on Thursday, as reported by PTI. The initiative will run from 2025 to 2031 as a fully funded Central Sector Scheme.According to the ministry, the Textiles Focused Research, Assessment, Monitoring,…
The finance ministry is working with the Reserve Bank of India to develop a unified portal that will allow citizens to search and claim unclaimed assets across bank deposits, pension funds, shares, dividends and other financial instruments, Department of Financial Services (DFS) Secretary M Nagaraju said on Thursday.Speaking at a Punjab National Bank mega camp…
India’s housing prices grew at a slower pace in the second quarter of the fiscal, with the All-India House Price Index (HPI) rising 2.2% year-on-year, sharply lower than the 7% recorded a year ago, according to Reserve Bank of India data released on Thursday.The index, compiled quarterly from transaction-level data provided by registration authorities, has…
The Department of Telecommunications (DoT) on Thursday withdrew a duplicate Gazette notification issued last month, clarifying that the amended Telecommunication Cyber Security (TCS) Rules, 2025 – notified on October 22 – remain fully in force.The clarification came after the same TCS amendment notification was inadvertently republished on October 29 in place of a different rule…
