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Sebi has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by the company's merchant banking division. In a disclosure to stock exchanges, IIFL Capital said the Securities and Exchange Board of India (Sebi) has issued an administrative warning letter dated March 7, 2025. The regulator conducted an inspection with regard to debt issues handled by the merchant banking division of the company for the period April 1, 2022 to April 30, 2024.

Foreigners Act, 1946, the Passport (Entry into India) Act, 1920, the Registration of Foreigners Act, 1939, and the Immigration (Carriers’ Liability) Act, 2000. The objective is to enhance national security, control immigration procedures, and introduce stricter penalties on foreigners who violate entry and stay conditions.

UPI ID linked with a mobile number you dont use, or have anymore? It has not been an easy task to delink such an inactive mobile number from the UPI ID. However, going ahead, you will be able to remove, or de-link your mobile number from this UPI ID, even if you do not have that mobile number in your possession anymore. Before the end of this month (i.e., before March 31, 2025), all UPI banks and PSPs (payment service providers) will have to update their database with regards to recycled, or churned, numbers, to “reduce the chances of errors due to churned mobile numbers,” per a recent NPCI circular dated March 2025. Moreover, this will not be a one-off updation process. As the circular further notes, NPCI requires its member apps and banks to at least bring their mobile number databases up to date at least once a week, so that recycled, or churned-out, numbers are identified and weeded out more frequently. For this purpose, “the Banks, PSP apps shall use the Mobile Number Revocation List (MNRL)/Digital Intelligence Platform (DIP),” the circular adds.

Subscribe to enjoy similar stories. India’s consumption landscape has undergone a significant transformation over the last two decades, influenced by shifts in income distribution, economic shocks and changes in spending behaviour. Data from PRICE’s ICE 360 pan-India household survey provide a detailed account of these trends, shedding light on the financial resilience of different income groups and the impact of events such as the pandemic.

Roopesh Kumar, Head — Data Center Projects, Sify Infinit Spaces Ltd.

Known for timeless hits like 'Sweet Child O' Mine', 'November Rain', and 'Welcome to the Jungle', Guns N’ Roses is expected to deliver an electrifying show that promises to be an unforgettable experience for rock music lovers in India. The Guns N' Roses 2025 India Tour, presented by Kotak Mahindra Bank and produced by BookMyShow Live in association with Live Nation, is set to be one of the biggest musical events of the year. Fans eager to secure their spots can take advantage of an exclusive pre-sale for Kotak Mahindra Bank customers, starting on March 17, 2025, at 12 PM IST on BookMyShow. The general ticket sale will go live for all fans on March 19, 2025, at 4 PM IST. With anticipation running high, the band’s return to India is expected to draw a massive crowd, making the Mumbai concert a must-attend event for rock enthusiasts and loyal fans alike.

Sri Lanka has not changed its stance on doing business with India's Adani Group and welcomes investment opportunities from the conglomerate, the country's cabinet spokesperson said on Tuesday. Gautam Adani, the chairman of the ports to power business group, and top executives of Adani Green were indicted by U.S. prosecutors last year for their alleged role in a $265 million scheme to bribe Indian officials to secure solar power deals. Adani and the executives have denied any wrongdoing. Sri Lanka, however, had said it was «unconcerned» by the group's dealings with other countries. «But Sri Lanka remains firm on negotiating purchasing costs of power generated from the wind power projects,» the cabinet spokesperson said, referring to the two proposed wind power projects Adani has withdrawn from.

The Nikkei index fell 0.64% to close at 36,793.11, after falling to as low as 35,987.13, its lowest since September 17.

Subscribe to enjoy similar stories. When considering the sale of significant investments like shares and securities, vacant plots, and house properties, the timing of the transaction can have substantial financial implications. From the point of view of tax planning, the end of the fiscal year is the most important time to plan the sale of assets.

NLC India shares fell 2.5% to their day's low of Rs 214.65 on the BSE on Tuesday after the company received in-principle approval from its board of directors to raise external commercial borrowings (ECB) equivalent to $200 million in Japanese Yen, with an additional green shoe option. The decision was made at the board meeting held on March 10, 2025. «The Board of Directors of the Company, at their meeting held on Monday, 10th March 2025, has, inter alia, considered and in-principally approved the borrowing of External Commercial Borrowing within an overall ceiling of Japanese Yen equivalent to $200 million, with an equivalent green shoe option,» NLC India stated in an exchange filing.

Defence stocks, once the darlings of the market in 2024, are roaring back to life after a brutal correction. The sector, which witnessed a blistering rally last year amid rising global tensions and surging exports, saw a sharp selloff as high valuations, budget disappointments, and profit-booking took hold. Just when investors were questioning the long-term growth trajectory, Europe’s stunning $850 billion defence rearmament plan has flipped the script in Dalal Street’s favour. With Europe scrambling to fortify its military capabilities, Indian defence giants are in prime position to ride this global wave of rearmament.

Syngene International will be in focus on Tuesday after the company announced that it acquired its first biologics facility in the United States from Emergent Manufacturing Operations Baltimore, a unit of Emergent BioSolutions, for $36.5 million. “The new site will increase Syngene’s single-use bioreactor capacity to 50,000L for large molecule discovery, development, and manufacturing services. Additionally, it will provide Syngene’s customers with continuity of supply from its four development and manufacturing facilities located in India and North America, offering services ranging from cell line development, process optimization, and both clinical and commercial supply,” the company said in its press release.

Anupam Rasayan India shares will be in focus on Tuesday after the company signed a 10-year Letter of Intent (LOI) worth $106 million (approximately Rs 922 crore) with a Korean multinational specializing in specialty chemicals. The high-performance niche chemical under this agreement is expected to be supplied from FY26. «This long-term partnership reinforces Anupam’s expertise in delivering advanced chemical solutions and strengthens its presence in high-growth global markets,» the company stated.

Subscribe to enjoy similar stories. Late in August, when the stock market’s bull run was close to its peak, the initial public offer (IPO) of a two-wheeler dealer with a handful of employees managed to attract bids worth 400 times the amount of capital it sought to raise. That was the level of enthusiasm back then among investors, who were willing to pour big bucks into just about any business going public.

Subscribe to enjoy similar stories. The 1 February 2025 Budget’s tax relief measures intended to revive consumption and disposable income, have failed to reverse the tide of foreign portfolio investor (FPI) outflows from key consumption-led sectors like fast-moving consumer goods (FMCG) and consumer durables. Despite initial optimism, the FMCG sector has witnessed a significant FPI outflows of ₹6,904 crore in February 2025 alone, continuing a trend that began in October 2024 after the markets hit an all-time high in September, showed the latest data from the National Securities Depository (NSDL).

Subscribe to enjoy similar stories. Bengaluru: The heads of three critical functions at digital bank Jupiter have resigned at a crucial juncture for the fintech startup, which is undertaking a cost-cutting and restructuring exerise.

Adam Boehler, the US envoy for hostages, and a top Hamas representative, Israeli leaders quietly expressed their displeasure, saying Hamas is a terrorist organisation whose words can't be trusted or taken at face value. Boehler acknowledged in television interviews Sunday that Israel had «raised some concerns,» but said it's helpful to hear what Hamas wants and what it's offering. «We're not an agent of Israel. We have specific interests at play,» he noted on CNN. The friction over Boehler's outreach to Hamas, a group the US and others designate as terrorist, is the first sign of disagreement. While Trump has made his support for Israel clear, the president's unpredictable moves — including stunning European allies by opening direct peace talks with Russia — left officials wary.

anti-India activities, particularly by Khalistani extremists, pointing to external affairs minister S Jaishankar's security breach in London last week. A pro-Khalistan extremist breached the security barricades and tore an Indian flag in front of Jaishankar's convoy in London, the first such incident faced by the minister during an overseas trip. Jaishankar was on a visit to the UK from March 4 to 9. During his visit, Jaishankar also met the UK home secretary. At the meeting, the minister brought up the safety and security of India's missions/posts and diplomats and reiterated the need to expeditiously bring to justice the perpetrators of attacks on the premises of the Indian high commission in London.

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions (AESL) from its 'Ratings Watch Negative' list and assigned a Negative Outlook, it said in a statement on Monday. The agency cited concerns over ongoing US investigations that could reveal governance weaknesses and affect financial stability. The agency warned that the outcome of the probe could impact the company's credit profile. It had affirmed the long-term foreign- and local-currency issuer default ratings at 'BBB-'. «The risks associated with the group's liquidity and funding requirements have moderated,» Fitch said in a statement, adding that the proceedings and outcome of the US investigations could reveal that the group's corporate governance practices are weaker than it expected, potentially leading to negative rating action in the near to medium term.

Kristi Noem was officially sworn in as the Secretary of the Department of Homeland Security by U.S. Supreme Court Justice Clarence Thomas. Her confirmation followed a 59-34 vote in the Republican-controlled Senate, securing her role as the nation’s top security official. A strong ally of former President Donald Trump, Noem’s appointment was praised by the White House. A post on X read, "@KristiNoem's confirmation as Secretary of Homeland Security underscores President Trump's commitment to strengthening our nation's security. America is BACK." Following her confirmation, Noem reiterated her commitment to securing the southern border, reforming the immigration system, and preventing terror threats. She also pledged to enhance disaster response efforts to provide swift relief to Americans in crisis.

soft touch regulations within regulatory guardrails and expand the reach of UPI for more efficient cross-border payments, Governor Sanjay Malhotra said on Monday. In his address at the Inauguration of Digital Payments Awareness Week 2025 here, the governor said apart from the RBI, the government and other important stakeholders like banks and payment system operators have also taken a number of initiatives to encourage the adoption of digital payments. «While these efforts have produced results, as visible in the huge growth of digital payments, there is still a lot more to be done. Going forward, we will work on three broad areas,» he said. The areas are soft-touch regulations to continue promoting innovation, promote awareness generation, and more efficient cross-border payments.