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A few months ago, a top Reserve Bank of India (RBI) official told me that the staggering volume of unclaimed funds lying dormant with Indian banks exists largely because each individual amount is too small for the rightful owners or heirs...
It began with a footnote. A line item in the accounts of Hindustan Zinc Ltd (HZL), a listed subsidiary of Vedanta Ltd (VEDL), revealed payments of nearly Rs1,060 crore in the first quarter (Q1) of FY25–26 for a so-called ‘brand...
There is always a good reason to do the wrong thing. On 12 September 2025, the Securities and Exchange Board of India (SEBI), at its board meeting, approved significant changes to the minimum public shareholding (MPS) norms for large...
At a closed-door training workshop for BJP parliamentarians, prime minister (PM) Narendra Modi urged his party members to spread awareness about the new gaming legislation which has been presented as a welfare measure. The Promotion and...
Prime minister (PM) Narendra Modi promised ‘next-generation’ GST (goods and services tax) reforms as a Diwali gift to India, triggering hopes of reduction and rationalisation of the tax into two primary slabs and an overall...
“Every decision of Justice Sureshwar Thakur that came up to the Supreme Court was overturned…fortunately, he has retired.” This brutal comment from chief justice of India (CJI) BR Gavai last week, was in connection with...
President Trump’s 50% tariff threat on Indian exports in mid-2025 sent shockwaves through Indian’s power elite. Policy-makers, business leaders and economists say it is a wake-up call: India must act decisively—or risk...
One step forward, two steps back—that’s how depositor protection feels at the Reserve Bank of India (RBI) under its 26th governor, Sanjay Malhotra. While financial inclusion is a government objective, millions of depositors...
After a decade of studious indifference to financial recklessness, defaults and allegations of financial jugglery, the Anil Ambani group is finally in the enforcement directorate's (ED) crosshairs. Early August saw the ED summon top...
In India, market scandals often arrive in rapid succession, each new controversy burying the previous one. So, even as Jane Street, a US-based trading powerhouse faced regulatory heat for alleged manipulation and Viceroy Research launched...
Two important developments rocked domestic markets and captured the attention of global investors and regulators: the Securities and Exchange Board of India’s (SEBI’s) dramatic crackdown on Jane Street, a US-based proprietary...
Ever since Vedanta listed in London, Anil Agarwal has carefully crafted an image of a self-made, resilient and socially-conscious leader who clawed his way up from scrap metal trading to helm a global mining empire. It is a seductive story...