Category : Search result: financial sector reforms


Powercom Contract Workers Strike in Jalandhar

Contract workers at Punjab State Power Corporation Limited stage massive protest in Jalandhar, demanding job security and opposing privatisation moves that threaten their livelihoods.

6 States Face Power Discom Privatization Threat

Union Power Ministry warns six Indian states to implement electricity distribution reforms or face privatization. Rajasthan, Jharkhand, Tamil Nadu, Andhra Pradesh, Karnataka, and Jammu & Kashmir given strict deadlines for loss reduction.

India's ₹3 Lakh Crore Discom Debt Crisis

India's struggling power distribution companies (discoms) are drowning in debt. A new financial relief package aims to break the cycle, but will privatization and reforms bring lasting change?

Star Health Q2 Profit Dives 50.7%: Key Details

Star Health and Allied Insurance reports staggering 50.7% drop in Q2 net profit to ₹273.4 crore. Premium growth slows amid rising claims and expenses. Key financial analysis inside.

India's industrial growth hits 3-month low at 5.8%

India's industrial output growth slowed to 5.8% in September, marking the weakest performance in three months. Manufacturing and mining sectors show concerning deceleration despite overall economic resilience.

Union Bank & Indian Bank Get RBI Nod for Overseas Merger

In a strategic banking sector reform, Union Bank of India and Indian Bank receive RBI approval to merge overseas operations. This landmark decision enhances international presence across 13+ countries including UK, UAE, and Hong Kong.

NBFCs Sell Unsecured Loans to Cut Risk

Indian non-banking financial companies are strategically selling unsecured loan portfolios to banks and other investors amid regulatory scrutiny and rising risk concerns. Discover how this trend is reshaping lending practices.

LIC Investment Report Baseless: HP Ranina

Renowned tax advocate HP Ranina dismisses Washington Post allegations about LIC's investment practices as baseless, defending India's largest insurer's financial integrity and regulatory compliance.

TMB Q2 FY26: Net Profit Up 4.9%

Tamilnad Mercantile Bank reports impressive 4.9% growth in net profit for Q2 FY26, showcasing robust financial health and strategic growth initiatives in the competitive banking sector.

Huntington Bancshares Acquires Cadence in $7.4B Bank Deal

In a landmark banking sector consolidation, Huntington Bancshares acquires Cadence Bank for $7.4 billion through an all-stock transaction, significantly expanding its presence across the lucrative Southern US markets.

India Tech Sector Hits $1.48B in Q3 Deals

Indian technology sector demonstrates remarkable resilience with 88 deals worth $1.48 billion in Q3 2024, showcasing strong investor confidence despite global headwinds.

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