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Air India finalises $20 billion fleet insurance; premium unchanged

AIMPWAFebruary 28, 2025

Air India has finalised $20 billion insurance cover for its expanded fleet post Vistara merger at existing rates, it is learnt. While the sum insured has increased from $12 billion to $20 billion, the premium outgo will remain unchanged at around $30 million. While globally aviation insurance premiums are expected to inch up following a...

Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

AIMPWAFebruary 28, 2025

With the Reserve Bank of India (RBI) recently clearing the decks for Asset Reconstruction Companies (ARCs) to raise equity via initial public offering (IPO), the smaller entities among them may be the first off the starting block to tap the capital market. The option to go public comes at an opportune time as they will...

Tuhin K Pandey: SEBI Back to Bureaucracy

AIMPWAFebruary 28, 2025

The appointment of Finance Secretary Tuhin Kanta Pandey signifies the return of the bureaucracy to steer the market regulator, Security and Exchange Board of India (SEBI). In a matter of just two months, the Government has appointed two top Finance Ministry officials to steer top regulators — RBI and SEBI. Before Sanjay Malhotra was dispatched...

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

AIMPWAFebruary 28, 2025

UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement. Unified Payments Interface (UPI) remains the cornerstone of India’s digital...

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

AIMPWAFebruary 28, 2025

After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research. The report highlighted several measures taken by the central bank, including liquidity infusion, a repo rate cut, and relaxation...

NICB employees had flagged irregularities in 2020

AIMPWAFebruary 28, 2025

The crisis at New India Co-operative Bank (NICB), whose board was superseded by the Reserve Bank of India earlier this month and all transactions suspended, has been brewing for several years, and in 2020 a group of former employees had flagged concerns over the functioning of the bank in a letter to the regulator. The...

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

AIMPWAFebruary 28, 2025

The Utkarsh Small Finance Bank board will meet on February 26 to consider a proposal for issuance of equity shares. The board would convene an extraordinary general meeting/ postal ballot process to seek shareholder approval for the same. The Varanasi-headquartered bank first tapped the equity market in July 2023, when it raised ₹500 crore by...

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

AIMPWAFebruary 28, 2025

Singapore’s DBS Group sees its workforce shrinking by 4,000 or 10 per cent over the next three years, due to deployment of artificial intelligence, group CEO Piyush Gupta said at an industry event. In a fireside chat at an event organised by Nasscom, Gupta said that in 2016-17 the bank had identified 1,600 jobs that...

Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts

AIMPWAFebruary 28, 2025

The Delhi High Court has asked probe agencies to exercise care and caution over blanket freezing of bank accounts. The matter before Justice Manoj Jain related to one such action of the agencies on the petitioner company’s account, having a withdrawal balance of more than ₹93 crore, but witnessing an innocuous entry of ₹200. “Such...

BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

AIMPWAFebruary 27, 2025

Bank of Baroda (BoB) on Thursday announced the pilot launch of a ‘Loyalty/Cashback Programme’ functionality for merchants based on the ‘programmability’ aspect of the Central Bank Digital Currency (CBDC) in collaboration with a fintech company. This functionality will enable small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed...

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In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

AIMPWAMarch 14, 2025

As US president Donald Trump threatens to impose reciprocal tariffs on its trading partners, potentially upending global commerce, India has placed a significant emphasis on invigorating manufacturing and exports while also opening up the domestic market. As part of the customs duty rejig, the government lowered import tax on a range of products such as...

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

AIMPWAMarch 14, 2025

“How many people maintain a relationship with their siblings after their parents died?” Source link

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

AIMPWAMarch 14, 2025

Here’s a handy alphabetized list of the key themes that shaped the most important financial document of the year: It can’t be a Budget without annadatas and agriculture, can it? Identifying agriculture as one of the four powerful engines in India’s journey of development (the other three being MSMEs, investment and exports), the Budget unveiled...

Goodbye old tax regime; new regime now more attractive

AIMPWAMarch 14, 2025

Before you pop the champagne, though, there are two points to consider. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. At the same time, the old tax regime does remain relevant in some cases. Second, if your taxable income is...

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

AIMPWAMarch 14, 2025

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...

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Latest Posts

Air India finalises $20 billion fleet insurance; premium unchanged

Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

Tuhin K Pandey: SEBI Back to Bureaucracy

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

NICB employees had flagged irregularities in 2020

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts

BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

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In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

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In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

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In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

Goodbye old tax regime; new regime now more attractive

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer