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LIC CFO Sunil Agrawal resigns to pursue other opportunities
Resignation to take effect from July 14; Agrawal to cease as Chief Financial Officer and Key Managerial Personnel of the insurer.
Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promises
Zerodha co-founder Nithin Kamath shared his past entanglement with a pyramid scheme in his late teens, emphasizing that wealth building requires no shortcuts. He warned against schemes promising unusually high returns, noting that many continue to operate in India despite growing financial awareness. Kamath cautioned that making money in the stock market isn't easy and urged people to avoid referral-based money-making schemes, calling them almost invariably fraudulent.
Listed pvt firms return to double-digit sales growth in FY26, led by manufacturing rebound: RBI
Indian companies are back in the double-digit growth lane! The Reserve Bank of India reports that listed private non-financial firms saw sales jump 10.1% in FY26, a significant rebound. Manufacturing led the charge with 10.8% growth, driven by autos and food, while services also posted strong gains. However, input costs are rising for manufacturers.
BSE seeks clarification from Rajesh Exports on ED searches
The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it.
Sebi introduces lighter certification framework for non-core staff in investment advisory roles
The Securities and Exchange Board of India (Sebi) has launched a new certification, 'NISM Series-XXV-B', specifically designed for investment advisory personnel focused on sales and client interaction. This initiative is intended to simplify operational processes for financial firms while maintaining compliance standards. However, professionals in primary advisory roles will still need to obtain 'NISM Series-X-A' and 'X-B' certifications, ensuring a comprehensive regulatory framework.
Capitol Federal Financial stock hits 52-week high at $8.33 By Investing.com - Investing.com India
Capitol Federal Financial stock hits 52-week high at $8.33 By Investing.comInvesting.com India
Private non-financial companies record 10.1% sales growth during FY26
Reserve Bank of India or RBI stated in a latest update that during 2025-26, at aggregate level, listed private non-financial companies recorded a double-digit sales growth of 10.1 per cent, after recording single digit growth in previous two years. This acceleration was mainly led by substantial improvement in sales growth of manufacturing sector.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
This Elderly Gujarat Couple Seeking Euthanasia Because Of Civic Officials. Know Why
The Gehlots further stated that repeated demands for documentation and regulatory hurdles created severe financial hardship.
'Lived In Mumbai's 100 Sq Ft Chawl': The Humble Origins Of New WhatsApp Boss Kunal Shah
The financial difficulties pushed him to start earning at a young age.
Tata Motors edges higher after announcing plans to drive next phase of growth
Tata Motors added 2.67% to Rs 411 after the company shared a positive outlook for the financial year 2028, at its investor day that was held yesterday (23 June 2026).