GOVERNMENT FINANCIAL MANAGEMENT
TMC's Abhishek Banerjee slams Centre for 'lack' of accountability over Pahalgam attack
TMC MP Abhishek Banerjee has strongly criticised the Centre's handling of the Pahalgam terror attack, questioning border security lapses and alleged intelligence failures. He raised concerns about the attackers' fate, the government's surveillance practices, and diplomatic efforts post-attack. Banerjee also highlighted Pakistan's continued global support despite its involvement in cross-border terrorism, demanding accountability and transparency from the government.
SBI and SMFG set sights on $69 bn treasure in Japan’s digital wealth boom
Sumitomo Mitsui Financial Group and SBI Holdings are collaborating. They will launch a wealth management service in Japan. The target is affluent individuals. They aim to manage assets worth ¥10 trillion within five years. The venture seeks profitability within three years. It targets ¥10 billion in pre-tax profits over five years.
Vodafone Idea stares at dark future even as govt weighs relief
The Indian government is grappling with Vodafone Idea's (Vi) financial woes, debating relief measures amid concerns about its long-term viability. Even extending payment tenures for adjusted gross revenue (AGR) dues may not suffice, potentially leaving Vi unable to meet liabilities beyond 2028-29.
Cement stocks set to rise due to these four reasons
Rising cement demand from the infrastructure and housing sectors, stable input costs, capacity expansion, and improved pricing are set to drive the performance of these companies.
Sebi board to discuss changes in ESOP rules for startup founders and PSU delisting
Sebi is considering allowing startup founders to retain ESOPs post-IPO, addressing concerns about dilution and aligning founder incentives with stakeholders. The regulator is also mulling a one-year cooling-off period for ESOP grants before IPOs to prevent misuse. Additionally, Sebi may permit voluntary delisting of PSUs with over 90% government stake, acknowledging their thin public float and potentially inflated market prices.
NFRA slaps notices on IndusInd Bank auditors
While other details, if any, in the NFRA communique are not known, the sources confirmed said the government agency would scan the dossier of working papers and evidence that support the audit exercise and corroborate the bank's claims on its financials. "First, the audit file will tell the scope of work - i.e., whether the auditor was responsible for the derivatives accounts. Second, what are the supporting documents that have gone in forming the audit opinion," said an official with one of the auditors.
- Go To Page 1
Know Your Fund Manager | Christy Mathai, Fund Manager- Equity, Quantum AMC
I hail from Palakkad in Kerala, but thanks to my parents’ postings in the armed forces, I ended up changing schools 6–7 times across the country. While it was challenging at the time, it gave me early exposure to diverse cultures, languages, and people—something I deeply value today.
Technological cooperation as the basis of digital sovereignty
Positive Hack Days, a major cybersecurity festival in Moscow, addressed digital sovereignty and international cooperation. The event, supported by the Russian government, drew participants from over 40 countries to discuss overcoming dependence on global tech giants. Positive Technologies proposed collaborative development and knowledge sharing to achieve digital autonomy, offering its expertise and training programs to friendly nations.
Learn With ETMarkets: Geopolitics vs. Portfolio - 7 smart investing moves in volatile times
Geopolitical tensions significantly influence financial markets, impacting supply chains and commodity prices. Despite events like the Russia-Ukraine conflict and US-China trade tensions causing short-term volatility, Indian equity markets have shown resilience. Experts advise maintaining a long-term perspective, diversifying asset allocation, and incorporating safe-haven assets.
Highlights from Trump's business and income disclosure
Donald Trump's financial disclosure reveals over $600 million in income from diverse ventures, including crypto, golf clubs, and licensing deals. His foray into NFTs and First Lady Melania Trump's NFT collection contributed significantly. Revenue from golf resorts, particularly Trump National Doral, and overseas licensing fees also boosted his wealth, with investments primarily in fixed income.
IMA Gujarat urges Tata Sons to extend financial aid to BJ Medical students affected by Air India crash
The Indian Medical Association, Gujarat, has appealed to Tata Sons for financial aid for BJ Medical College students affected by the Air India plane crash, which claimed 274 lives. Following this, the Tata Group announced ₹1 crore compensation for the deceased's families and will cover medical costs for the injured.
Explained: What all Gen-Z should know about mutual funds
Gen-Z can smartly manage money by investing in mutual funds. These funds pool money from many investors. Professional managers invest in stocks and bonds. Systematic Investment Plans allow small investments. Mutual funds offer diversification and liquidity. Different types cater to various risk profiles. Starting early and staying consistent is key. Consider expense ratios and exit loads.
Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
Donald Trump's financial disclosure reveals substantial income from crypto ventures, golf clubs, and licensing deals. The report, seemingly covering 2024, highlights his crypto push, including significant fees from a meme coin and decentralized finance. Trump's properties, especially golf resorts, generated considerable revenue.
Trump reports tens of millions in income from crypto ventures
Trump reported $57.35 million from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The annual report was signed as of June 13, but it was not immediately clear what time period it covered.
Albertans to pay out-of-pocket for COVID-19 vaccines under new provincial plan
Alberta is implementing a four-phase COVID-19 immunization program, shifting vaccine costs to residents except for vulnerable groups. This transition, prompted by a move from federal to provincial responsibility, aims to reduce waste and manage costs after significant dose wastage last season.
'Made in India' Chinese phones ring overseas
Chinese smartphone and electronics firms are now exporting from India. They are targeting West Asia, Africa, and the United States. This shift follows government encouragement and increased local production. Oppo and Realme have already earned significant foreign exchange. Hisense plans to export from India soon. Lenovo and Motorola are also expanding exports. This move reflects changing strategies and geopolitical factors.
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions from the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has been appointed to manage the affairs of both companies, whose boards have been suspended.
Peerless General Finance forays into real estate biz
Peerless General Finance & Investment Company, restricted from public deposits since 2011, is venturing into real estate with its first independent project, Trayam, in Kolkata's Rajarhat. This move signifies the company's transformation and investment diversification. The project includes residential, retail, and commercial spaces, aligning with PGFI's objectives and RBI regulations for NBFCs.
Arunachal Pradesh Cabinet takes note of concerns over Siang Upper Multipurpose Project Pre-Feasibility Report
Arunachal Pradesh Cabinet addressed concerns regarding the Siang Upper Multipurpose Project, a 'National Project' of strategic importance. The cabinet emphasised continuous engagement with Project Affected Families, fair compensation, and directed the creation of development authorities and a committee for land compensation.
Andhra government launches 'Talliki Vandanam' scheme, Rs 15,000 to be given for school-going child
Andhra Pradesh's NDA government has initiated the 'Talliki Vandanam' scheme, promising ₹15,000 annually to mothers for each school-going child. This initiative, part of Chief Minister Naidu's 'Super Six' promises, aims to empower mothers and improve educational access for over 67 lakh students.
9 stocks from different segments of financial services sector with an upside potential of up to 37%
We call all of them financial services companies. But they are hardly homogenous, and it would be unwise to view them through the same lens. Each segment in the sector is practically an industry in itself, and has different operating matrices. There is, however, one thing common to these companies: All of them have been through a process where the RBI or some other regulator has had a close look at them. Is that process over? Has the time come to have them on your watchlist and look at them without bias and fear?
FSIB set to soon kick off selection process for GIC Re chief
The FSIB, which recommends names for top roles at public sector insurance companies and banks, on Wednesday named Doraiswamy Ramchandran for the position of chief executive and managing director at Life Insurance Corporation of India. He is currently LIC's MD.
'Restless about keeping his politics going': BJP's Dilip Jaiswal lashes out at Rahul Gandhi
BJP President Dilip Jaiswal criticized Rahul Gandhi's accusations against the BJP government regarding the alleged suppression of death figures during the Maha Kumbh. Jaiswal stated that Gandhi's remarks are driven by a need to stay politically relevant, especially as PM Modi elevates India's global standing. Gandhi had claimed the government hid deaths, similar to COVID, echoing a BBC report.
India plans curbs on overseas remittances, offshore deposits may be barred: Sources
The Reserve Bank of India (RBI) is set to tighten regulations on overseas remittances by resident Indians, preventing the parking of funds in foreign currency deposits with lock-in periods. This move aims to curb passive wealth shifting and align the Liberalised Remittance Scheme (LRS) with India's cautious approach to capital account convertibility.
FSIB recommends R Doraiswamy as MD and CEO of LIC
Doraiswamy Ramchandran, currently Managing Director at LIC, is recommended by the FSIB for the CEO & MD position. He was selected after interviews with four LIC candidates on June 11, 2025. With 38 years of experience, Doraiswamy has contributed significantly to LIC's technological advancements.
FSIB recommends R Doraiswamy as next MD & CEO of LIC
The Financial Services Institutions Bureau has recommended R Doraiswamy as the new CEO and MD of Life Insurance Corporation of India (LIC), succeeding interim CEO Sat Pal Bhanoo. Doraiswamy, currently an MD at LIC since September 2023, brings over three decades of experience in operations, marketing, technology, and academics to the role.
Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City
Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.
As the Indian economy grows, they too will grow. Some slowly, a few faster: 8 NBFC stocks stocks with upside potential of up to 46%
Let’s ask ourselves three simple questions. One: Is the financial services sector better placed after the RBI’s clean-up? Two: If an economy like India grows, can it be that this sector does not grow? Three: Can FIIs, whose selling caused sectoral underperformance, stay away from these stocks when they return? The answer to the first question is yes. And it is a no for the second. The answer to the third question was open, but now it seems to be veering towards a yes. As a sector, NBFCs will grow faster than many other sectors, because they provide credit. And credit was/is/and will remain in greater demand than its supply. So, a provider of credit is bound to grow as the Indian economy grows.
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Finance Minister Nirmala Sitharaman urged the National Investment and Infrastructure Fund to highlight its achievements. She emphasized proactive fundraising and exploring diverse financing sources. The NIIF's assets under management have increased significantly. The Governing Council acknowledged NIIF's role in mobilizing capital. They reviewed the performance of its various funds.
Load More
