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Irdai asks state-run insurers to account for wage costs annually
Irdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financial repercussions of periodic wage negotiations. Insurers are now obliged to evaluate the sufficiency of these provisions quarterly after obligations become clear. The government has ruled out options for additional capital, instead banking on solvency improvements from IFRS 17 and stakes in the NSE.
Larsen & Toubro receives issuer rating of 'Baa1; Stable' from Moody's
Larsen & Toubro (L&T) has secured a 'Baa1' long term issuer rating with a 'Stable' outlook from Moody's Ratings, reinforcing the Group's robust credit profile and financial resilience.
Penny stock under ₹10 rallies for second straight session, jumps another 8%; here's why
Golden Legend Leasing and Finance Ltd. shares rose 8.3% to ₹9.46 after announcing a new wholly owned subsidiary, Gullakkart Private Limited, to enhance its digital financial services, including a potential Prepaid Payment Instrument license from RBI.
NFRA begins investigation into Rajesh Exports' financial misstatement
Don't mistake AI's fluency for accuracy, warns NFRA chairman
NFRA chief says Rajesh Exports probe is underway, can't share timeline
The National Financial Reporting Authority (NFRA) is looking into the revenue misstatements case at Rajesh Exports, but it will not be possible to share a timeline on the probe, a top official at the auditors' watchdog said on Tuesday. "Yes, we have started our processes," NFRA chairperson Nitin Gupta said on the sidelines of an event organised by Ficci here. He declined to share any observations, saying the matter is not with him, and also a timeline by which the probe will be completed. It can be noted that last month, capital markets regulator Sebi issued an order in which Rajesh Exports was found to have indulged in misstating revenues over a long period, pegging the overall discrepancies at Rs 15.5 lakh crore. As per subsequent reports, Sebi had written to NFRA seeking examination of the errant entity's auditors. Gupta on Tuesday called for genuine board independence in India's promoter-driven companies, pointing out that as AI influences corporate decision-making, a critical
Eternal stock up 2%; Motilal Oswal retains buy for 31% upside
Motilal Oswal Financial Services has reiterated its 'Buy' rating on Eternal stock for a target price of ₹380, implying an upside of 31 per cent from its current price.
Moody's assigns L&T 'Baa1' issuer rating with stable outlook
Larsen & Toubro secured a Baa1 long-term issuer rating from Moody's Ratings. This investment-grade credit profile reflects the company's strong financial resilience and management. The stable outlook anticipates continued fiscal discipline and healthy operating margins. L&T Hydrocarbon Saudi Company also received a matching Baa1 rating from Moody's. This reflects the subsidiary's integration and the strategic importance of West Asia operations.
The Calcutta Stock Exchange and the making of India’s financial markets - The Indian Express
The Calcutta Stock Exchange and the making of India’s financial marketsThe Indian Express
Financial knowledge isn’t enough: What investors need to make better money decisions
Investors today have more financial information at their fingertips than ever before, yet access to knowledge does not always translate into better decisions. The real difference lies in financial literacy, the ability to filter information, understand risk, manage emotions, and apply financial concepts to real-life choices. Here’s why moving from simply knowing about money to using that knowledge effectively can shape better investment decisions.
GIFT City partners with Vietnamese financial institutional firm to exchange knowledge and signs multiple MoUs
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: Report
The consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expected to drive significant sales growth. Room air conditioners are projected to lead this expansion with substantial value increases. Washing machines and televisions will also see healthy growth supported by price adjustments. Despite operational challenges, the sector's financial performance is showing signs of recovery.