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Patanjali Ayurved enters insurance with ₹4,500 cr Magma General acquisition

Patanjali Ayurved Ltd, known for its herbal and nature-based products, along with Dharampal Satyapal Group, is making a significant move into the insurance sector by acquiring Magma General Insurance Ltd for approximately ₹4,500 crore. The acquisition, subject to regulatory approvals, marks Patanjali’s strategic expansion beyond the FMCG sector into financial services, tapping into India’s underpenetrated...
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ICAI’s financial reporting review board may examine IndusInd Bank’s Derivative Accounting controversy, says Prez Nanda

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) may look into the ongoing controversy surrounding derivative accounting discrepancies at private sector lender IndusInd Bank, ICAI President Charanjot Singh Nanda has indicated.  However, he clarified that while the issue may be taken up for discussion at FRRB level, no...
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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Union Budget 2025: A bold step towards Viksit Bharat

The Union Budget 2025 has declared that in reaching the destination of Viksit Bharat by 2047, reforms will act as fuel and inclusivity will be the guiding spirit. The reforms have focused on labour-intensive sectors and are towards boosting productivity. This is significant as in its growth journey, India directly moved from agriculture to services...

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