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2 days ago | ndtvprofit.com | Vishwanath Nair

Private sector lender IndusInd Bank Ltd. on Monday disclosed that it has detected "certain concerns" in its microfinance portfolio and that an internal audit is underway. "As a part of the process of finalization of accounts, the Bank’s Internal Audit Department (IAD) is conducting a review of the Bank’s MFI business, to examine certain concerns which have been brought to the Bank’s attention," IndusInd Bank told exchanges.

2 days ago | ndtvprofit.com | Vishwanath Nair

Happy Tuesday! This week India is busy hosting US Vice President JD Vance and his family. On the day of his visit, India’s competition commission was quick to settle Google’s Android TV case for Rs 20 crore. This case has been going on since 2021 and is now the first one to be settled under the amended Competition Act where settlement and commitment provisions were added in 2023.The timing could not have been better, as India also si...

6 days ago | ndtvprofit.com | Shrimi Choudhary

India has received over 20 foreign direct investment queries in the past two months following the United States’ recent tariff move, according to government sources, as companies across sectors such as chemicals, automobiles, textiles, and electronics are exploring manufacturing and investment options in India. Officials said global firms are reassessing supply chains due to the US-China trade tensions and are increasingly considering India as a manufacturing and investment hub.

6 days ago | ndtvprofit.com | Shrimi Choudhary

The government on Friday appointed four new secretaries to key departments under the Ministry of Finance as a part of bureaucratic overhaul as India engages in global trade negotiations, fiscal planning, and economic partnerships, according to an official notification. Arvind Srivastava, a 1994-batch IAS officer of the Karnataka cadre, has been appointed Revenue Secretary.

1 week ago | ndtvprofit.com | Sesa Sen

Honasa has produced full test reports from Clinical Research Pvt. and another laboratory, both certifying that its sunscreen meets SPF 50 standards, their counsel said.