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In its original May 28 order, SEBI had cited a “board note” as the basis for appointing KPMG in February 2024.
Updated : Jun 8, 2025

SEBI corrects 'board note' to 'engagement note' in IndusInd insider trading order

The clarification came through a corrigendum issued by SEBI Whole-Time Member Kamlesh C Varshney on June 6, instructing that the revised order be served on all relevant parties, including the notices, stock exchanges, depositories, registrar and share transfer agents and banks.

Globally, the aircraft upgrade and MRO market is valued at over ₹5,00,000 crore annually and is projected to reach ₹7,00,000 crore within a decade.
Updated : Jun 8, 2025

Reliance Infra targets ₹5,000 cr from military aircraft upgrades in defence push

Reliance Infrastructure has sharpened its focus on the high-value segment of aircraft upgrades.

“It was always my intention to settle. Never did I say I didn’t want to pay,” Mallya said in a conversation with podcaster Raj Shamani, his first since 2013.
Updated : Jun 8, 2025

'Mr Mallya, you're not a misunderstood patriot': Consultant shreds fugitive liquor baron's podcast defence

In his LinkedIn post, Sharma counters Mallya’s narrative with a series of hard facts. First, the numbers: while Mallya claims a ₹6,203 crore default, Sharma says the actual debt crossed ₹9,000 crore across 17 public sector banks.

HDFC Bank said it has secured “comprehensive legal advice” and remains committed to defending its CEO’s reputation.
Updated : Jun 8, 2025

HDFC Bank on Lilavati Trust allegations against CEO: 'Malicious bid to derail loan recovery'

The Trust had called for the CEO’s suspension and criminal prosecution, moves HDFC Bank described as part of a “mala fide” campaign to intimidate its leadership and avoid financial accountability.

Sarandos agreed: “Indian people are more mindful of their money than American people are... You know what you have, you know what you want to spend.”
Updated : Jun 8, 2025

'Indians more mindful of money': Ted Sarandos tells Nikhil Kamath why Netflix India is tricky

Speaking with Zerodha co-founder Nikhil Kamath, the platform's co-CEO admitted that Netflix’s early push for automated monthly charges in India ran headlong into consumer resistance.

“One key part is for governments to crack down on monopolies, particularly tech monopolies,” he wrote.
Updated : Jun 8, 2025

'If all software engineers are out of work': Sridhar Vembu sees power shift, warns of hoarded gains

Vembu tackled the doomsday scenario of full AI-driven software automation. “We are nowhere close to that goal,” he clarified.

But when electoral strategies lean too heavily on freebies, the broader goal of building a resilient, self-sustaining economy risks getting derailed.
Updated : Jun 7, 2025

GDP vs freebies: Financial advisor slams giveaways as ‘wealth destruction’, says ‘govt is horrid at capital allocation’

Critics warn that an overdependence on subsidies and handouts hampers fiscal health and stunts productivity. Advocates counter that such welfare measures are necessary lifelines for the underprivileged.

Reliance Industries Chairman Mukesh Ambani.
Updated : Jun 7, 2025

Mukesh Ambani announces Rs 151 crore grant to ICT Mumbai, shares four ideas for 'Guru Dakshina' to professors

RIL Chairman Mukesh Ambani on Saturday announced a Rs 151 crore grant to his alma mater, the Institute of Chemical Technology (ICT), Mumbai. He described Professor MM Sharma as an “Influencer with a difference,” crediting him with shaping industrial policy and mentoring generations of scientists.

There’s no single test. Doctors typically begin with a physical exam and ask about mental health, diet, activity levels, and current medications.
Updated : Jun 7, 2025

Brain fog cases on the rise in India: Causes, symptoms and how to stay safe

Across India, more people are grappling with brain fog — a condition marked by mental confusion and sluggish thinking. Experts attribute this surge to a mix of modern stressors, post-pandemic aftereffects, and environmental triggers.

The Delhi airport said that operations continue to remain normal, but some flight schedules may be impacted
Updated : Jun 7, 2025

Delhi Airport to cancel 114 daily flights for runway upgrade from June 15 to Sept 15; check details

Delhi Airport will cancel up to 114 flights daily from June 15 to September 15 for a major runway upgrade aimed at improving winter fog operations. The upgrade will make the runway CAT III compliant, with a revised slot plan in place to minimise disruption.

Byju's has vehemently refuted the claims made in a recent US lawsuit accusing the company's top leadership of embezzling $533 million.
Updated : Jun 7, 2025

NCLAT rejects Byju's appeal to raise equity for Aakash, freezes stake structure

The National Company Law Appellate Tribunal (NCLAT) has dismissed Byju's plea seeking permission to raise equity funding for its subsidiary, Aakash Educational Services, delivering a major blow to the edtech giant's fundraising efforts.

He also highlighted the practical necessity of Kannada in rural areas, where many residents may not understand Hindi or English.
Updated : Jun 7, 2025

‘Not learning Kannada shows arrogance’: Mohandas Pai urges outsiders to respect local culture

Pai’s message goes beyond Karnataka. He urged professionals across India to make similar efforts when relocating—be it to Bengal, Maharashtra, or any other state. “It’s not just about communication—it’s about respecting the culture of the place you’ve chosen to live in,” he said.

The post landed at a time when Indian entrepreneurship is at a crossroad—crowded with talent, yet often throttled by fear, red tape, or the pressure to conform.
Updated : Jun 7, 2025

‘No money. No plan. No net’: How Anupam Mittal built online in a country still offline

Mittal’s message wasn’t just personal. He pointed to a broader pattern—creators who started before content was cool, founders who launched when the market said “not now,” and brands that chose instinct over instruction.

As per reports, Haier’s Chinese parent will retain an equal stake, while 2% will be held by employees.
Updated : Jun 6, 2025

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report

Sunil Mittal and Warburg Pincus are in exclusive talks to acquire a 49% stake in Haier India in a deal valued at around $2 billion, a formal announcement expected this month.

The RBI's Monetary Policy Committee (MPC) announced on Friday a reduction of 50 basis points in the repo rate to 5.5%, marking the third consecutive rate cut in the current year.
Updated : Jun 6, 2025

From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI

According to SBI Research’s Ecowrap report, this staggered CRR cut is expected to release Rs 2.5 lakh crore of primary liquidity into the banking system by the end of 2025.

L&T, a $30 billion multinational, operates in the fields of EPC projects, hi-tech manufacturing, and services across global markets.
Updated : Jun 6, 2025

L&T announces India's first Listed ESG Bond deal in partnership with HSBC

As part of the ESG bond deal, L&T has committed to reducing its greenhouse gas emissions and the intensity of freshwater withdrawal. These align with its long-term goals of achieving water neutrality by 2035 and carbon neutrality by 2040.

He urged Indian trade officials to “push back on inflated deficit claims” and demand “fair, reciprocal terms.”
Updated : Jun 6, 2025

'US is not the victim...': GTRI founder says India fuels a hidden $40 billion American surplus

Srivastava warned that U.S. negotiators use the deficit narrative to push India into lowering tariffs and relaxing rules in areas like digital trade, IP, and government procurement—sectors where U.S. firms already dominate.

Following the comments, IndusInd Bank Ltd. saw its shares rise by 5% on Friday, June 6. At 2 PM, the shares were trading at Rs 824.25, up by 2.63%.
Updated : Jun 6, 2025

IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra has said the accounting issues at IndusInd Bank are under control and should be resolved soon. His assurance comes as SEBI cracks down on former top executives for insider trading linked to the bank’s financial discrepancies.

RBI MPC decision to cut repo rate, CRR garners applause
Updated : Jun 6, 2025

‘Bold, strategic’: Financial experts laud RBI MPC decision to cut 50 bps repo rate, 100 bps CRR

Economist Sanjeev Sanyal also called it an excellent move, while Uday Kotak called RBI MPC decisions 'bold and strategic'.

Combined with the 50 bps repo rate cut, which directly lowers the cost of borrowing, the RBI has signaled aggressive support for economic expansion.
Updated : Jun 6, 2025

'BrahMos, Pinaka, Akash activated together': RBI's 100 bps CRR cut floods banks with lending firepower

RBI Governor Sanjay Malhotra announced the CRR cut will be staggered in four phases, calling it a liquidity infusion designed to reduce banks’ funding costs and stimulate credit growth.

RBI MPC: Gov Malhotra maintains GDP growth rate projection at 6.5%
Updated : Jun 6, 2025

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI MPC announcements: The Indian economy displays strength, stability and opportunity amid a changing global economic order, said RBI Governor Malhotra.

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