Start with what the order gets right. Its enforcement measures—camera-integrated challans and a pilot linking fuel access to valid insurance—target the mechanism of non-compliance directly. These deserve support and, ideally, faster rollout. The tenure extension is a separate question, and worth examining on its own terms.
Retirement planning is no longer just an individual’s responsibility. With employees changing jobs more frequently and retirement potentially lasting 20-30 years after regular income stops, companies have an important role to play in helping workers build a sufficient retirement corpus. Speaking at Outlook Money’s Retire Smart: Financial Wellness Leadership Series, Randip Singh Jagpal, Whole Time…
JPMorgan Chase reported a record second-quarter profit on Tuesday, as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while its trading desk capitalized on volatile markets. Revenue rose across all business units at the bank. Investment banking rode a sharp rebound in the U.S. IPO…
“FEMA works on intention,” Agarwal explained. “As per FEMA, you become an Indian resident as soon as you arrive in India with an intention to stay. On day one, you must comply with RBI requirements, redesignate all NRE and NRO bank accounts to resident savings accounts, and notify financial institutions.”
Mumbai: The highly anticipated inclusion of Indian government bonds in Bloomberg’s Global Aggregate Index has been deferred once again, with the company saying operational and market infrastructure aspects required further evaluation. The deferral could cause sovereign bond yields to immediately harden. India’s financial markets had factored in the likelihood a mid-July review would facilitate the…
Mumbai: The insurance sector is expected to post a mixed set of earnings for the June quarter, with life insurers likely to report slower premium growth amid macroeconomic uncertainty, while health insurers may remain the standout performers, aided by sustained demand and improved affordability. General insurers, meanwhile, are expected to continue grappling with intense pricing…
Point-of-care diagnostics company Molbio Diagnostics Ltd, backed by Temasek and Motilal Oswal Private Equity, raised Rs 281.5 crore from anchor investors ahead of its initial public offering (IPO). The company allotted 34.88 lakh equity shares to 33 anchor investors at Rs 807 apiece, the upper end of the price band, according to a circular uploaded…