ICICI Bank U-turn: Minimum balance to be Rs 15,000
In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to Rs 50,000. The private sector lender has now reduced...
Parliament passes new Income Tax Bill
Parliament on Tuesday passed the new Income Tax Bill, with the Rajya Sabha returning the legislation to the Lok Sabha. Finance Minister Nirmala Sitharaman introduced the two money bills -- The Income Tax Bill, 2025, and The Taxation Laws (Amendment)...
Adani Group Acquires Indamer MRO in Nagpur, Expands India’s Aviation Maintenance Hub
Nagpur: Adani Defence and Aerospace, in partnership with Prime Aero, has signed a binding agreement to acquire a 100% stake in Indamer Technics Private Limited (ITPL), one of India’s leading private-sector Maintenance, Repair, and Overhaul (MRO) companies. The acquisition is through...
ICICI Bank raises minimum balance from Rs 10,000 to Rs 50,000 for new customers
New Delhi: India's second largest private lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1. Customers at metro and urban locations who opened their savings accounts on or after August 1 have...
India’s First Medical Wellness Township Launched in Nagpur
Nagpur: Della Group, led by visionary entrepreneur Jimmy Mistry, has launched India’s first Mayr-based luxury wellness township in Saoner, Nagpur, in collaboration with R Sandesh Group (Ramdeo & Dilip Agrawal) and Murarka Group (Kishore & Brajesh Murarka). Branded as Della European...
Trump’s 50% Tariff Bombshell: What It Means for Your Next iPhone
Former U.S. President Donald Trump has announced a hike in tariffs on Indian imports from 25% to 50%, set to be implemented after 21 days. While the current 25% tariff remains effective as of now, the potential increase has raised...
If UPI Is Free, Who’s Paying the Bill?
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday clarified that while the Unified Payments Interface (UPI) system does have associated costs, he never said that users would have to pay for it. Speaking at the post-Monetary Policy Committee...
Indian economy contributes more to global growth than US: RBI Gov
Reserve Bank of India Governor Sanjay Malhotra on Wednesday said the Indian economy is contributing more to global growth than that of the US. He was speaking at the post-monetary policy press conference. When asked for his views on US President Donald...
VTA Appeals for Review of NOC Requirement in Recent Property Transfer Policy Amendment
Vidarbha Taxpayers Association (VTA) expresses concern over the Maharashtra Government’s recent amendment dated April 28, 2025, to Section 18A(1)(b) of the Registration Act, which reinstates the requirement of obtaining a No Objection Certificate (NOC) for the sale, transfer, or lease of properties...
India’s Clean Energy Leap: Vardhaan Lithium to Build First Refinery in Nagpur
India is taking a monumental step toward clean energy self-reliance with the launch of its first-ever lithium refining and battery manufacturing facility, to be built in Additional Butibori, Nagpur, Maharashtra. The project, led by Vardhaan Lithium (I) Pvt. Ltd., represents...
US 25% Tariff Jolt : Maharashtra Industries brace for impact, seek Govt support
CAMIT President Dr. Dipen Agrawal reacts to Trump’s 25% tariff on India
Nagpur: Dr. Dipen Agrawal, President, Chamber of Associations of Maharashtra Industry & Trade (CAMIT) has said that the recent decision by U.S. President Donald Trump to impose a 25% tariff along with penalty measures on Indian...
ITR-3 Online Filing Utility Activated for AY 2025-26: Key Rules, Eligibility, and New Changes Explained
Nagpur : The Income Tax Department has officially activated the online filing utility for ITR-3 for Assessment Year 2025-26. This form is specifically meant for individuals and Hindu Undivided Families (HUFs) who earn income from business, profession, or other complex...
Sebi opens sandbox to fractional share pitch
The Securities and Exchange Board of India (Sebi) has approved a proposal from a startup to test fractional shares in its innovation sandbox, marking a potential shift in the Indian equity landscape.
This represents a change in stance from 2021,...
Blue-chip stocks drag Sensex down by 542 points
Equity markets fell on Thursday, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the...
Nagpur: CM Fadnavis Inaugurates 1.2 GW Solar Plant, Green Hydrogen Project
Nagpur: In a significant step towards green energy advancement, Maharashtra Chief Minister Devendra Fadnavis inaugurated a state-of-the-art 1.2 gigawatt solar module manufacturing unit of WorldOne Energies in Nagpur. The grand ceremony, held at the company’s corporate campus, also witnessed the...
How Many Cooperative Banks Has RBI Shut Down?
Nagpur: In a significant revelation under the Right to Information (RTI) Act, activist Abhay Kolarkar has exposed the scale of regulatory actions taken by the Reserve Bank of India (RBI) over the past five years. According to information shared by the...
Forex reserves drop by $3 bn to $696.672 bn
Jio Financial Profit Up 4%
Jio Financial Services on Thursday reported a marginal rise of 4 per cent in its net profit year-on-year to Rs 325 crore in the first quarter of the financial year 2026 from Rs 313 crore, mainly due to a rise...
RBI Reveals 1.79 Lakh Bank Frauds Worth ₹36,361 Crore in FY 2024-25
Nagpur: In a major revelation, the Reserve Bank of India (RBI) has disclosed that 1,79,269 cases of bank frauds, amounting to a massive ₹36,361.42 crore, were reported by commercial banks and All India Financial Institutions (AIFIs) during the financial year...
Income Tax Raids at 10 Locations in Nagpur Region Over Fake Deductions and Refund Claims
Nagpur : In a major crackdown, the Income Tax Department on Monday conducted raids at around 10 locations across Nagpur and the surrounding Vidarbha region as part of a nationwide verification drive against bogus tax deduction claims. The action follows...
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