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Shriram Finance board approved raising ₹39,617 crore from Japan’s MUFG Bank via preferential allotment of 47.11 crore shares at ₹840.93 each on 19 Dec 2025, securing MUFG a 20% stake on fully diluted basis. This landmark deal, India’s biggest foreign investment in financial services, awaits shareholder nod at EGM on 14 Jan 2026 and regulatory clearances from RBI/CCI.
Roshan a farmer from Maharashtra’s Chandrapur district, borrowed Rs 1 lakh from illegal moneylenders, but exorbitant 40% monthly interest and daily penalties inflated it to Rs 74 lakh. Desperate, he sold his kidney in Cambodia for Rs 8 lakh in October 2024, then sought overseas work but was trafficked to Laos as bonded labor under inhuman conditions with his passport seized.
RBI revoked registration certificates of four NBFCs – three from West Bengal (Gem Investments, Vistar Financiers, Ambica Barter) and one from Chandigarh (Shri Lakhavi Financial). Four others voluntarily surrendered licences due to business exit, CIC status or merger/dissolution. Additionally, RBI imposed ₹13,000 penalty on Odisha-based Co-operative Urban Bank, Parlakhemundi for regulatory violatio
Mexico has abruptly abandoned free-trade principles, imposing 35-50% duties on over 1,400 products from non-FTA countries including India, China, South Korea, Thailand and Indonesia from 2025. Textiles, auto components, plastics, metals and footwear face the steepest hikes.
Vladimir Putin says Russia stands ready to provide “uninterrupted shipments” of fuel to India as Delhi faces pressure from Trump to stop buying Moscow’s oil. Here are the important points from Putin – Modi press meet
India’s largest airline IndiGo cancelled over 73 flights from Bengaluru and at least 68 from Hyderabad on December 4, following 150+ cancellations the previous day. A deadly mix of crew shortage, new pilot duty-time regulations effective November, sudden Airbus A320 software updates, bad weather and airport congestion has paralysed operations for two consecutive days.
A dream home turned into a tragedy for 45-year-old software engineer Murali Govindaraj in Bengaluru’s Whitefield, who was found dead in his under-construction house. His suicide was triggered by relentless harassment from his neighbors, Sasi and Usha Nambiar, and civic pressure from the Greater Bengaluru Authority (GBA) after the Nambiars repeatedly complained about his construction. Murali left a
Under Section 206C(1F) of the Income Tax Act, sellers collect 1% TCS on motor vehicles priced above ₹10 lakh from retail buyers, excluding government entities and certain businesses. Buyers can claim this TCS credit or refund by obtaining Form 27D from the dealer, verifying it in Form 26AS, filing ITR for the purchase year, and checking refund status on the e-filing portal.
Silver, which has been stuck in a tight trading range for several weeks, now seems poised for another potential breakout. Earlier this year, the metal surged sharply from USD 37 to USD 54 before entering a broad consolidation zone between USD 46 and USD 54. This extended period of sideways movement is once again drawing interest from traders, especially as global risk sentiment shifts and key tech
Millions of salaried workers could soon benefit from a higher Employees’ Provident Fund (EPF) interest rate, as the EPFO is reportedly evaluating an increase for the 2025 and 2026 financial years. Early discussions suggest that the central government may raise the rate to 9%, a notable jump from last year’s interest rate.
