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Sebi. Victims have also started complaining more since the markets have been down in the past two years and they have been forced to bear immense losses,” said Tomu Francis, partner at Khaitan and Co.APs operate under brokers’ control and cannot independently handle client funds or act outside regulatory limits.

The ministry of ports, shipping and waterways is preparing to roll out about 20 sectoral reforms in the first 90 days of FY27, including the creation of a maritime sector regulator, revamped shipbuilding incentives and measures to increase India’s shipping tonnage, as part of a plan to strengthen the country’s maritime ecosystem and cut logistics costs.The reform push, which is being finalized, is aimed at improving regulatory oversight, boosting domestic shipbuilding, increasing the share of Indian-flagged vessels in global trade and enhancing the ease of doing business across ports, shipping and inland waterways, two people aware of the matter said.“Reform measures like a dedicated maritime regulator, stronger support for shipbuilding and container manufacturing, and a push toward inland waterways and coastal shipping are especially impactful. They not only build domestic capacity but also make logistics more cost-effective and sustainable,” said Pushpank Kaushik, CEO and head of business development at Jassper Shipping, a global shipping and logistics company in Hyderabad.A key proposal under consideration is the setting up of a strengthened maritime regulator by expanding the role of the Directorate General of Shipping, which would be given wider powers over safety regulation, maritime training, ship registration and oversight of shipping operations.

Demand for electric cookstoves shot up after the war began as consumers rushed to compensate for a shortage in LPG (liquefied petroleum gas) cylinders. On 12 March, an Amazon India spokesperson told Mint that sales of induction cooktops increased 30X in just two days.Prices of these cooktops, too, have risen, though not abnormally.

credit score can severely impair an individual’s ability to secure a home loan. It indicates elevated credit risk, prompting financial institutions to apply more stringent underwriting norms.

Mint.Co-founder Mohal Lalbhai confirmed the fundraise, saying the company is in discussions with existing and new investors to support market expansion this financial year, but declined to comment on valuation. “We are currently in the process of raising around $50 million from existing and new investors as we look to grow our market presence over this financial year,” he said.The round is being led by existing investors, including Capital 2B, and Japan Airlines' JAL Innovation Fund, one of the two people quoted above said on the condition of anonymity.

India’s mutual fund body has asked the market regulator to allow fund houses to use intraday borrowings from banks to purchase securities after it deferred implementation of the new norms to July, according to two people aware of the development.On 13 March, the Securities and Exchange Board of India (Sebi) tightened regulations and allowed fund houses to borrow funds from banks on an intraday basis only for repurchase or redemption of units, payment of interest, or income distribution-cum-capital withdrawal payouts to unitholders. The new rules were to have become effective on 1 April, Sebi said in a circular.“The circular will tie up mutual funds’ hands.

The Central Vigilance Commission (CVC) has given a clean chit to nine whole-time directors (WTDs) of various public sector banks, saying there were no adverse findings against them, two people aware of the development told Mint.Those cleared include Nidhhu Saxena (MD & CEO, Bank of Maharashtra), Bhavendra Kumar (executive director, Canara Bank), Mahendra Dohare (executive director, Central Bank of India), Bijay Baran Singh (executive director, Indian Bank), Ravi Mehra (executive director, Punjab & Sind Bank), and Vijaykumar Nivruti Kamble (executive director, UCO Bank), one of the people cited above said.A second person added that Rajiv Mishra (executive director, Bank of India), Brajesh Kumar Singh (executive director, Indian Bank), and Dhanraj T (executive director, Indian Overseas Bank) had also received clearance from the CVC.The development is significant as it comes at a time when the government has tightened oversight of board-level appointments in public sector banks following recent lapses and controversies related to vigilance disclosures. The clearances are seen as a critical filtering exercise amid heightened scrutiny of senior appointments.The move also comes against the backdrop of an unusual and high-profile action last year, in which the Centre demoted Union Bank of India Executive Director Pankaj Dwivedi to general manager at Punjab & Sind Bank.

New Delhi: India plans to float a fresh tender for over 3,000 electric buses by June, according to people aware of the development. This is set to be launched just six months after closing of the country's largest e-bus tender for over 10,000 units.The move aims to sharpen the country's push to electrify public transport and reduce fuel dependence, as oil supply risks from the West Asia war continue to weigh on costs.According to two executives in the know, the tender will be rolled out under the PM e-bus seva scheme, which aims to subsidize purchase of 10,000 e-buses across the country.

music labels that historically owned or administered the sound recording rights, as well as licensing agencies that collect royalties on their behalf, agreed Sonam Chandwani, managing partner, KS Legal & Associates.Once the statutory term expires, the recording effectively enters the public domain and any person is legally entitled to perform, broadcast or commercially use that recording without obtaining a licence from the original rights holder.“This development is beneficial for businesses such as hotels, restaurants, event organisers, broadcasters and digital content creators because it removes the obligation to pay licensing fees for the use of those specific recordings. Conversely, it reduces the ability of legacy music companies to exercise exclusive control over certain parts of their catalogue.

Four Indian state-run oil and gas companies are in talks to source cooking and natural gas from Angola's public-sector major Sonangol as the country faces a supply shortage following the closure of the Strait of Hormuz during the Iran war, said two people aware of the developments.Indian Oil Corp, Bharat Petroleum Corp. (BPCL), Hindustan Petroleum Corp.

FMCG) companies are now embedding protein into everyday items—from burgers and coffees to staples like chapatis—to drive frequency and mainstream adoption.“We see protein as a long-term shift rather than a niche trend, especially as consumers become more aware of nutritional gaps in everyday diets. However, for this to truly scale in India, it has to be accessible,” said Enakshi Dasgupta, head of new product development, iD Fresh Food.

HLL Lifecare Ltd, Mankind Pharma Ltd and Cupid Ltd are grappling with the unavailability of silicone oil (polydimethylsiloxane PDMS) and a surge in ammonia prices, according to multiple people aware of the development. Ammonia is used to stabilize latex and remove excess proteins, while silicone oil coating acts as a lubricant.Production and order execution have been affected by supply constraints and price volatility in key inputs such as polyvinyl chloride foil, aluminium foil, poly, chemicals, and other packaging materials, as well as by logistics disruptions, said a senior executive from a leading condom maker in the country.Around 40–50% price hike is expected in ammonia, and an “exorbitant increase in the price of silicone oil is causing market uncertainty”, said an executive, who didn’t want to be identified.As it nears four weeks, the West Asia war has disrupted trade through the Strait of Hormuz.

₹1 lakh.”Santosh Joseph, founder of Germinate Investment Services, added: "People earlier were told what to do, but never the why. Now social media sells the benefits through these tips."But accessibility comes with risks.“The biggest issue is oversimplification,” Anooshka warned. “Wealth creation is complex, but social media often reduces it to quick tips.”There’s also the problem of context—what works for one person may not work for another.

pays ₹60,000 rent every month for her apartment in Bengaluru. She keeps rent receipts, has a rent agreement, pays via bank transfer, and has shared his landlord’s PAN with her employer to claim HRA.

NEW DELHI: The Centre has called a high-level meeting of the Central Bureau of Investigation, the Department of Financial Services and public sector banks on Wednesday to devise ways to curb high-value bank frauds amid the growing use of mule accounts, according to two people aware of the issue.Officials at the meeting will also help devise strategies to fill critical gaps in investigation and enforcement and zero in on procedural bottlenecks, especially delays in securing prosecution sanction under the Prevention of Corruption Act, one person said on condition of anonymity. This issue has increasingly become a sticking point in fraud cases involving bank officials.“With probes often slowed by approval requirements and coordination challenges between lenders and investigators, the high-level meeting signals a push to streamline processes, tighten accountability and strengthen the system’s response to complex, network-driven financial frauds,” the second person said, asking not to be identified.According to Reserve Bank of India data, fraud cases in banks and financial institutions involving amounts of ₹1 lakh and above tripled to ₹34,771 crore in FY25 from ₹11,261 crore in FY24.

Mumbai: India’s largest private sector lender HDFC Bank has appointed at least two law firms Wadia Ghandy & Co, and Trilegal to conduct a review of the circumstances leading to former chairman Atanu Chakraborty’s sudden exit last week, said two people aware of the matter.These law firms have been tasked with aiding the bank’s internal legal counsels to sift through pages of minutes of past board meetings to see if Chakraborty had made any serious observations, according to one of the two people cited above. The bank’s board and the management maintained they had no inkling of Chakraborty’s exit and he did not specify what he was referring to as part of his ethical concerns despite being repeatedly asked.Earlier on Tuesday morning, the bank said its board approved the appointment of external law firms to conduct a review of Chakraborty’s resignation letter.

₹1,290-1,750 per month for its vial dosages, sharply below Novo's ₹8,790 per month for the starting dose in a pen device. Natco’s pen device is roughly 50% cheaper at ₹4,000 per month for the starting dose.While generics will fight on the price point, Emcure is banking on its “innovator edge” with a biological molecule, as well as patented pen device to cater to specialists.In an earlier interview, Emcure told Mint that it was partnering with well-known celebrities and influencers for an awareness campaign on obesity as a disease, aiming to reach consumers directly in addition to marketing the drug to specialists and physicians.A recent directive by the apex drug regulator has put strict curbs on “surrogate advertising” for GLP-1s, anticipating intense competition and marketing tactics as generics enter the market.However, Emcure will continue building awareness with healthcare providers as well as with patients, Vikas Thapar, president of corporate development, strategy and finance, said.The entry of generics will only expand the market, said Thapar.

Mint.The minister noted that the country's telecom market is consistently growing and delivering greater value than other global markets.Edited excerpts:I have been very clear on this. As far as Vodafone Idea is concerned, the government is a 49% equity stakeholder. We do not envisage raising our equity stake at all beyond that 49% share.

I am planning to undergo LASIK surgery to correct my eyesight. Will my health insurance policy cover this procedure? What are the rules and conditions I should be aware of?- Name withheld on requestLASIK surgery is a popular option to correct vision and reduce dependence on glasses or contact lenses.

KKR plans to own multiple independent platforms for renewable energy assets in India, a key market for the global private equity giant, where it is betting on infrastructure and financial services to consumer technology.KKR is vying for larger assets, such as Sprng Energy and Gentari, directly through its Asia fund, rather than via its renewable energy platform, Serentica. "The idea is to have multiple energy platforms in the country," said a person with knowledge of the firm's strategy.“The assets are large, and Serentica does not have the debt gearing or equity to finance those deals.

The Supreme Court on Wednesday allowed India’s first court-approved “passive euthanasia”, permitting the withdrawal of life-sustaining treatment for Harish Rana, a 32-year-old man who has remained in a permanent vegetative state for over a decade after a severe brain injury in 2013.The ruling is expected to have a far-reaching impact on Indian patients in prolonged vegetative states and their families, said legal and medical experts, encouraging more families to seek judicial approval for this.“Passive euthanasia” permits holding back life-saving treatment for individuals who are terminally ill or in a permanent vegetative state, allowing natural death. While passive euthanasia has been legal in India since 2018, the framework was streamlined in 2023 to ease the process.“This ruling could encourage more families of patients in prolonged vegetative states to approach courts for withdrawal of life support.