India’s fuel consumption showed robust growth in December as petrol and diesel demand rose by 6.68 per cent and 4.98 per cent year-on-year (Y-o-Y) in the month, according to preliminary data from Petroleum Planning and Analysis Cell (PPAC). The strong fuel demand comes amid high travel demand during festival season and a boost…
The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks, the…
Governor Sanjay Malhotra on Wednesday asked the Reserve Bank staff to persist with regulatory calibrations and sharpen supervision in the new year. In his annual message to staffers, Malhotra said customer centricity and financial inclusion “must remain at the heart” of the central bank’s work. “We must persist with strengthening the monetary…
The Corporate Affairs Ministry has relaxed compliance requirements for company directors by replacing the mandatory annual KYC filing with a simplified requirement once every three years under the Companies Act, 2013, PTI reported.The change follows a review of Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014, based on recommendations of the…
The recent annual report on the Ombudsman Scheme by the Reserve Bank of India (RBI) notes that complaints under the Reserve Bank Integrated Ombudsman Scheme rose last year, even as complaints per lakh accounts declined. In a fast-expanding ecosystem, absolute complaints can rise even when complaint “intensity” falls. Against this backdrop,…
Global investment opportunities are set to widen meaningfully in 2026 as easing monetary policy, a weakening US dollar and profit growth outside the United States reshape capital flows, according to Franklin Templeton report.The asset manager report titled ‘Global Investment Outlook 2026 and Beyond’ said that lobal markets are entering a phase where returns are likely…
Democratic Socialist Sen. Bernie Sanders and right-wing Gov. Ron DeSantis agree on virtually nothing. But they found common ground this year as leading skeptics of the artificial intelligence industry’s data center boom. The alignment of two national figures on the left and right signals that a political reckoning is brewing over the AI industry’s impact…
UK law firms are bracing themselves for a money-laundering crackdown as ministers race to improve the City’s reputation ahead of a fresh financial crime review. The Financial Conduct Authority (FCA) has been designated as the new anti-money laundering watchdog for the legal sector, in a move that experts warn could result in “sharper” penalties and…
India’s first bullet train will start operations on the Mumbai–Ahmedabad route on August 15, 2027, Rail Minister Ashwini Vaishnaw said on Thursday, adding that the high-speed corridor will be opened in phases. What did Ashwini Vaishnaw say about the rollout plan? “The bullet train will be ready in 2027, August 15th,…
Passenger vehicle (PV) wholesales in India rose to a record 45.5 lakh units in calendar year 2025, marking a growth of nearly 6 per cent, as policy tailwinds in the second half helped the industry overcome a sluggish start, according to industry estimates, PTI reported.The industry surpassed its previous peak of 43.05 lakh units in…