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RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: Report
India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.
Succession planning: When a family breaks up, how does the business survive?
If the next generation wants to preserve the family business bot not necessarily together, here’s how they can execute the split without impacting the wealth.
More than family business: Drugmakers make costly, long-term strategic shifts as next generation steps into bigger roles
India's family-run pharmaceutical companies are entering a new phase as the next generation takes on larger leadership roles and steers businesses towards complex generics, peptides, biologics, contract manufacturing and advanced therapeutics. Laurus Labs, Granules India, Bharat Biotech, Sun Pharma and Torrent Pharma are investing in capabilities that require greater scientific expertise, significant capital and longer gestation periods. The key question is whether the successors can turn these long-term bets into sustainable growth and create lasting value for investors.
The changing C-suite: How finance and HR leaders are driving business transformation
CFOs and CHROs are moving beyond traditional responsibilities to become strategic business partners. The discussion explores how finance and HR leaders are navigating uncertainty, driving technology adoption, building organisational resilience and aligning financial and people strategies with sustainable growth.
Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30%
India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum.
GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates
India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
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Ascentium eyes India acquisitions to build Asia-focused global services platform
Singapore-headquartered Ascentium is looking to expand its India presence through acquisitions as it builds an Asia-focused global corporate services business. Backed by Hillhouse Investment, the firm has completed seven acquisitions in India since 2019 and is negotiating another, with plans to consolidate specialist firms and challenge established players in the market.
Redefining corporate leadership and enterprise growth with CFOs and CHROs
The role of CFOs and CHROs is shifting from basic management to high-level strategy. Today’s business leaders need to stay flexible and bridge the gap between their workforce’s potential and smart financial decision-making to drive real, lasting growth.
ET Wealth Expo 2026: Explore the future of investing, financial security and intergenerational wealth
From building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring wealth across generations, Day 1 of ET Wealth Expo 2026 will bring together leading financial experts to explore the three pillars of long-term wealth management: Build, Protect and Legacy.
India’s consumption story holds appeal, but investors are spending less
India's consumer and retail sector saw a 58% decline in deal value during the September quarter. The first nine months of 2026 recorded 353 deals worth $3.26 billion, reflecting cautious investment strategies. Personal care brands attracted significant investment, indicating a preference for premium offerings. Public markets also contributed substantially, surpassing M&A and PE/VC deal values. However, future demand may fluctuate due to weather-related conditions affecting rural consumption.
Indian realty sector sees 69% fall in deal value to USD 705 mn in Jul-Sep: Grant Thornton Bharat
Indian real estate recorded USD 705 million in deals in the July-September quarter. This marks a significant 69 percent decrease from the previous quarter's USD 2.3 billion. Deal volumes also fell by 38 percent quarter-on-quarter, indicating a cautious investment climate. Private equity remained a key contributor with nine transactions valued at USD 555 million.
Capital gravitates towards income-generating assets as realty deals turn selective
India’s real estate sector recorded 24 transactions worth $705 million in the September quarter, down 76% in value year-on-year, as large-ticket deals and capital-market activity weakened. Private equity remained the biggest contributor, accounting for 79% of deal value, with investors favouring commercial assets and residential development platforms offering predictable cash flows.
AI is rewriting the rules of investment for India's big-ticket players
Private equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utilized to assess how it will impact revenues and competitive positions of companies. Investors are now focusing on AI capabilities and their potential to create value in various sectors. Additionally, AI is influencing negotiations by uncovering weaknesses quickly and enabling better assessments of business strength.
How control of Congress after the US midterm elections could affect your taxes and bills
The November 3, 2026, US midterm elections could influence how much Americans pay in taxes, health insurance premiums and other household expenses. Republicans currently hold narrow majorities in both chambers, with 218–214 in the House and 53–47 in the Senate. Democrats need to gain control of one or both chambers to change the direction of legislation.
FMCG firms grapple with input cost inflation in Q2, brace for margin pressure in H2
FMCG companies are experiencing increased margin pressure as input costs continue to rise. Rising inflation is affecting profitability, forcing firms to consider price hikes after the festive season. Companies are currently absorbing some costs to maintain consumer demand in urban and rural markets. The expectations for the second half of FY27 remain cautious amidst fluctuating commodity prices. Consumer purchasing behavior may shift if food prices increase or rural incomes decline.
Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds
The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts ₹8,415 crore in bonds written off during the bank's 2020 restructuring. The court noted that the administrator lacked the authority to write down these bonds. Bondholders had contested the write-off, citing mis-selling of the securities. Yes Bank is now obligated to repay the bonds along with accrued interest.
Officials can deny benefits on Mauritius-routed investments if tax relief found sole motive
India has implemented a Principal Purpose Test in the India-Mauritius Double Taxation Avoidance Agreement. This test allows tax authorities to deny benefits when tax relief is a principal purpose. The amendment, effective from August 2026, impacts various foreign investors using Mauritius for investments. The change affects significant cumulative foreign direct investment inflows into India from Mauritius. Experts believe this will alter how investment structures are evaluated under the treaty.
A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposure
The sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The transaction received attention from a variety of global investors, highlighting their confidence in the nation's financial ecosystem. Experts predict this move may open doors to increased deal-making opportunities in the future.
Super El Nino: What the potential arrival of a stronger 'little boy' means for India’s water, power, health, winter and summer?
India is projected to experience a warmer and drier start to winter as a super El Niño develops. A weak monsoon has led to concerns over water availability and crop health across the country. The World Meteorological Organization anticipates significant temperature increases and shifts in rainfall patterns. This unusual weather pattern may lead to increased health risks, especially during the summer months.
Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say
Banking regulators are intensifying their oversight of AI risks that could affect financial stability and cyber security. The Federal Reserve, European Central Bank, and Bank of England are probing banks about their AI usage. Concerns are rising about potential damages from cyber threats involving advanced AI models.
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul
The GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include raising prosecution thresholds and decriminalising several offences, signifying a major shift in GST law. Finance Minister Nirmala Sitharaman outlined plans for these reforms to take effect from April 1 next year. Experts believe these measures will enhance business operations and support economic growth.
Our central mission must be patient-centric innovation: JP Nadda
J P Nadda urges industry to take discoveries ‘from bench to bedside’ as the FICCI–Lilly Bharat Life Sciences Award backs its inaugural cohort with ₹7 crore in grants
Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employees
Now GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it helps. The reason for this is now employer's cost of buying insurance for its employees can reduce by claiming ITC.
From a Jaipur original to a multi-city brand: Zolocrust’s measured expansion
As Zolocrust, a renowned vegetarian café chain, marks its 11th year, it is excitedly planning expansions into vibrant cities like Delhi and Lucknow. Founder Arjun Kumar emphasizes a deliberate strategy: prioritizing quality over swift expansion. Each new location will reflect valuable lessons learned, ensuring Zolocrust remains true to its core principles while establishing a notable presence in larger urban landscapes.
Soon, FD details will be part of your CAS statement; Here’s how it helps you
Soon you will get to see your fixed deposit (FD) details in CAS statements. CAS stands for consolidated account statements and it is usually sent by NSDL, CDSL, Karvy or CAMS. This CAS statement at present shows your demat and non-demat holdings including mutual funds, bonds, listed shares.
DFM Foods sale: EQT, Emami, Balaji Wafers join ITC, TPG for Crax maker buy-out
EQT Partners, Emami and Balaji Wafers have joined ITC, TPG and ChrysCapital in the race to acquire Crax maker DFM Foods, as Advent International seeks to sell its 96.63% stake. Non-binding bids are expected by October-end, with the deal potentially valuing the Noida-based snack maker at ₹5,000-5,500 crore.
Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
Mr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cash in his bank account. After this he got an unexplained deposit tax notice. He wins case in ITAT Chennai; Know how.
Audit rotation boom puts Big Four under sharper scrutiny
India’s audit rotation cycle is prompting companies to scrutinise prospective auditors far beyond credentials, examining team stability, sector expertise, regulatory records, technology capabilities and conflicts involving non-audit services. With over 1,000 mandates expiring in FY27, audit committees are demanding greater detail on partner continuity, independence and the value firms can deliver.
India needs its own AI safety framework, not a copy of US pact: Industry experts
India should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem rather than replicate a voluntary pact signed by US President Donald Trump and top technology firms last week, industry experts said.
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