Bajaj Finance Ltd. disbursed approximately 63 lakh consumer loans during the festive season (September 22-October 26), marking a 27% volume increase and 29% value increase year-over-year. The surge reflects the impact of recent GST reforms and personal income tax changes aimed at boosting consumer purchasing power. The company acquired 23 lakh new customers, with 52%…
The initial public offering (IPO) of eyewear brand Lenskart Solutions Ltd drew strong investor interest during its subscription period. Attention now turns to the Lenskart IPO allotment, expected to be finalized today, November 6, 2025. The IPO opened from October 31 to November 4, and the company’s shares are scheduled to list on the BSE…
According to an SBI Research analysis, India’s total consumer demand for gold rose to 802.8 tonnes in 2024, or 26% of the world’s total, placing it second only to China with 815.4 tonnes. The World Gold Council estimates that imports will account for about 86% of India’s overall supply of gold in 2024, with domestic…
ICICI Prudential Life Insurance has fully passed on the GST exemption benefit to its customers, effectively reducing the cost of life insurance products including term plans. This move comes after the Government of India announced reforms exempting all insurance policies from 18% GST, lowering premiums and making financial protection more accessible. Earlier, customers paid Rs….
Bajaj General Insurance has lodged an FIR at Porompat Police Station in Imphal, Manipur, after uncovering a sophisticated NEFT forgery linked to medical reimbursement claims processed during the COVID-19 pandemic. The company flagged irregularities when internal checks revealed discrepancies in multiple claims settled via NEFT. According to the insurer, 12 claims were submitted under different…
Air travellers from Manipur are set to get some long-awaited relief as the Centre has approved two new flight services — one each on the Imphal–Guwahati and Imphal–Kolkata routes — to address limited connectivity and skyrocketing fares. Former Chief Minister N Biren Singh shared the development on X, noting that the decision followed discussions between…
Groww is offering its shares within a price range of Rs 95 to Rs 100 each, with investors required to apply for a minimum of 150 shares and in multiples thereof. This public offering aims to raise a total of Rs 6,632.30 crore and is open for subscription from November 03 to November 07. The…
The recent goods and services tax (GST) reforms have spurred consumer spending on items such as cars and kitchen appliances during the festive season, offering a boost to the economy after the 50% tariffs imposed by the US, according to Bloomberg. Data from retail intelligence firm Bizom shows that consumer expenditure from September 22 to…
At least four militants, belonging to a banned outfit, were killed in an encounter with security forces in Manipur’s Churachandpur district on Tuesday morning, police said. Based on inputs about the presence of armed cadres belonging to the proscribed United Kuki National Army (UKNA), an operation was launched around 5.30 am at Khanpi village under…
SBI Research has projected that India’s Goods and Services Tax (GST) revenue for FY26 will exceed the government’s budget estimates, even after factoring in gains and losses from tax rate rationalisation across states. The forecast is based on growth assumptions outlined by the GST Council. According to the report, most states are expected to benefit…
