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Trai pushes back on spam tag for 1600, 140 numbers
Trai clarified that tagging and blocking calls from 1600 and 140 series numbers is not allowed. Subscribers can manage promotional calls from registered telemarketers using the Do Not Disturb registry. The 1600 series numbers are designated for service and transactional calls by financial sector entities. This clarification follows Truecaller's statement about not marking such calls as spam. Spam calls from these number series have reportedly surged significantly.
L&T Finance Q1 profit rises 29% to record high on strong retail book growth
L&T Finance reported its highest-ever quarterly profit in the June quarter, driven by robust retail loan growth, higher disbursements and improved asset quality, while the lender continued to accelerate its transition into an AI-native financial institution.
Reliance Industries, Jio Financial announce Q1 earnings dates. Check details
Reliance Industries and Jio Financial Services will report their June-quarter earnings next week. Reliance Industries' board meets Friday, July 17, 2026, for financial results. Jio Financial Services will announce its first-quarter results on Thursday, July 16, 2026. Investors will monitor updates on key businesses and financial services plans. These announcements come as the broader market enters the results season.
Mumbai Metro One restructures debt with NARCL, avoids insolvency
Mumbai Metro One Private Limited has successfully restructured its debt, avoiding insolvency. The company signed a Master Restructuring Agreement with NARCL for Rs 2,771.32 crore. This agreement strengthens the financial position of the metro operator. NARCL will now nominate a director to the company's board. A monitoring committee will oversee the restructuring implementation process.
Policybazaar ropes in Amitabh Bachchan for insurance awareness movement
Policybazaar has appointed veteran actor Amitabh Bachchan as its brand ambassador. This move initiates a significant movement for health and term insurance awareness nationwide. The initiative aligns with IRDAI's vision of providing insurance for all Indians by 2047. Bachchan's established image of trust will encourage families to prioritize financial protection. This campaign aims to secure the future of over 140 crore Indians.
RBI is right to act on digital payment fraud. But some safeguards need sharper design
Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed new safeguards to address these growing concerns. A one-hour lag on large transactions aims to reduce financial losses from fraud. Additional authentication for vulnerable users and scrutiny of mule accounts are also suggested. Customer-induced controls and a kill switch offer users more transaction management capabilities.
Swiggy resolves FSSAI licence issue linked to subsidiary Toing; says no food safety risk
Swiggy said it has resolved an FSSAI licence-related issue concerning its food ordering and delivery platform Toing after updating licence particulars. The company clarified the matter involved no food safety concerns, received a modified FSSAI licence on July 9, and said no monetary penalty has been imposed or major financial impact is expected.
Nuvama initiates Buy call on Vedanta Aluminium shares, expects profitability to exceed historical average. Here's why
Nuvama Institutional Equities and Motilal Oswal Financial Services have initiated coverage on Vedanta Aluminium with 'Buy' ratings and target prices of Rs 540, citing strong earnings growth, cost reduction initiatives, firm aluminium prices and robust cash flow generation as key drivers.
Why 1 in 3 Indian women have never made a solo financial decision, and why that's challenging
Despite rising incomes and careers, many Indian women still don't make independent financial decisions. Financial literacy, confidence and structured learning are helping more women take control of their wealth and future.
Dhanlaxmi Bank gains as Krishnakumar K assumes charge as chief financial officer
Dhanlaxmi Bank rose 1.12% to Rs 34.29 after the bank announced that Krishnakumar K has assumed charge as its Chief Financial Officer (CFO) with effect from 10 July 2026.
Jio Financial Services announces full schedule for Q1 results 2026. Details here - livemint.com
Jio Financial Services announces full schedule for Q1 results 2026. Details herelivemint.com
SMAM expands farm mechanization with 21.61 lakh machines, Custom Hiring Centres and large-scale Kisan Drone demonstrations
The Sub-Mission on Agricultural Mechanization (SMAM) expands access for small farmers, women and disadvantaged groups through targeted mechanization support nationwide. Special emphasis has been placed on under-served and North-Eastern States to address regional disparities in access to farm machinery and technology. Since its inception, Rs 9,404.47 crore has supported the distribution of 21.61 lakh agricultural machines to individual farmers across India. Over 40,928 drone demonstrations covering 40,918 hectares were conducted with Rs.52.5 crore financial support, promoting precision agriculture adoption nationwide.