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Key financial changes coming in July: From Aadhaar-PAN rule to new bank charges

From July 15, the MAD will now include total GST, EMI amount, all fees and finance charges, 2 per cent of the outstanding balance, and any overlimit amount. This is a shift from the earlier method, which took either 5 per cent of certain charges or 100 per cent of finance charges -- whichever was higher -- along with other fees. Jun 27, 2025
Indian markets likely to rise in Q3 FY26: Morgan Stanley

Indian markets likely to rise in Q3 FY26: Morgan Stanley

One of the key triggers could be the upcoming corporate earnings season. Morgan Stanley expects many companies to beat market expectations due to lower base comparisons, improved efficiency, and steady demand from consumers. Jun 27, 2025
Reserve Bank of India (RBI)

RBI's new project finance directions to cushion banks against risk: Report

The new direction brings in a higher base level standard asset provisioning for under-construction projects set at 1 per cent and a slightly higher 1.25 per cent for under-construction CRE exposures (that compares with the extant 0.4 per cent to 1.0 per cent), with step-ups linked to DCCO deferment period. Jun 26, 2025
India's FDI inflows surge to $8.8 billion in April

India's FDI inflows surge to $8.8 billion in April

Gross inward foreign direct investment (FDI) inflows into India surged to $8.8 billion in April this year, higher than $5.9 billion in March and $7.2 billion in April 2024, according to the RBI's monthly bulletin released on Wednesday. Jun 26, 2025
Union Bank of India Plans ₹6,000 Crore Fundraising

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

Union Bank of India, a leading public sector bank, has announced a strategic plan to raise Rs 6,000 crore through a combination of equity and debt instruments. This decision, approved by the bank's board, was revealed after market hours on a recent Wednesday. The move is part of the bank's broader strategy to strengthen its financial position and support its growth initiatives. Jun 26, 2025
Adani Total Gas partners Jio-bp to enhance quality fuel supply to consumers

Adani Total Gas partners Jio-bp; what this means for consumers

The agreement covers both existing and future outlets of the two partners, with ATGL currently operating a network of 650 CNG stations and Jio-bp boasting a network of 2,000 outlets. This collaboration is a significant milestone in the journey of both companies towards sustainable growth and innovation. Jun 25, 2025
Number of India's dollar millionaires to surge 55 pc by 2029: Report

Number of India's dollar millionaires to surge 55 pc by 2029: Report

From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent -- more than double that of their peers in EMEA (Europe, Middle East and Africa) and North America, driven decisively by emerging markets like India, the report states. Jun 25, 2025
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