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MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…

NEW DELHI: Govt on Tuesday appointed Chanchal Kumar, an IAS officer of Bihar cadre, as the new information and broadcasting (I&B) secretary, while designating Sanjay Lohiya as the secretary of department of financial services (DFS). In the bureaucratic reshuffle, Vir Vikram Yadav has been appointed director general of civil aviation (DGCA), replacing Faiz Ahmed Kidwai.Kidwai,…

MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…

NEW DELHI: The Centre has moved to extend its digital media rules to news and current affairs content shared by non-publisher users on social media platforms, proposing changes that expand the reach of Part III of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, beyond registered publishers.In draft amendments issued on…

William Walsh (File photo) NEW DELHI: IndiGo airlines on Tuesday announced the appointment of former British Airways chief William Walsh as new CEO. This comes after Pieter Elbers resigned earlier this month after major operational crisis faced by the aviation operator in December last year.“The Board of IndiGo announces the appointment of William Walsh as…

NEW DELHI: The NDA government’s muscular approach in rooting out Naxalism, brought forth by encounter killings of its armed cadre and top commanders in large numbers, has been a constant fodder for admirers of this hardline policy as well as for its critics. But what has been less talked about is a parallel focus on…

The government has notified the Finance Act 2026, bringing into force the tax changes approved under the Union Budget for 2026-27, according to a gazette notification issued by the Ministry of Law and Justice.“The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information,”…

=KOLKATA/NEW DELHI: Olympic bronze medallist and multiple Grand Slam doubles champion Leander Paes crossed over to the BJP on Tuesday, exiting the Trinamool Congress after a brief stint.At BJP headquarters in New Delhi, Paes, 52, framed the move as a new “responsibility” after four decades in sport. “I have played for the country… I wish…

In a significant step following the recent thaw in bilateral ties, an Indian business delegation has travelled to China, marking the first such visit in over five years after relations were frozen due to the 2020 Eastern Ladakh military standoff.A delegation from the Punjab, Haryana, Delhi Chambers of Commerce and Industry (PHDCCI) is currently visiting…

NEW DELHI: Bhabanipur, long seen as Mamata Banerjee’s safest political ground, is beginning to stir uneasy comparisons with Nandigram. In the 2021 assembly elections, her decision to contest from Nandigram ended in a dramatic setback, with Suvendu Adhikari defeating her in a high-stakes battle that reshaped the narrative of the polls and marked a symbolic…