Cognizant has increased the retirement age in India to 60 from 58 to align with market practices and retain experienced talent. The new policy, effective from November last year, also states that unvested stock awards will be forfeited upon retirement and pension funds will close at 58.
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Commerce and industry minister Piyush Goyal states that India's free trade agreements are now finalized after extensive consultations with all stakeholders, offering equitable terms. Highlighting the EFTA pact with a $100 billion FDI commitment, he contrasts current deals with past practices, emphasizing national interests and growth in exports.
India's IPO market reached an impressive milestone in 2024, with proceeds doubling to USD 11.2 billion from 2023's USD 5.5 billion, driven by increased retail participation and domestic inflows. The government's focus on infrastructure and capital expenditure further contributed to India's market dynamism.
US President-elect Donald Trump’s second term is expected to temporarily impact the Indian rupee. Historical trends suggest rupee has performed better under Republican administrations, with current volatility predicted to be short-lived. Despite a recent 3% dip, the rupee remains stable compared to other currencies.
Sebi has cautioned J&K Bank for delayed disclosure of the appointment of its MD & CEO, Amitava Chatterjee. The disclosure, crucial due to the stock price surge, was made 1 hour and 40 minutes late. Sebi urged the bank to improve compliance to prevent future infractions.
Sterlite Power has introduced two new corporate brands, Resonia and Sterlite, following a demerger. Resonia focuses on transmission infrastructure, while Sterlite handles manufacturing and services for cables and conductors. The rebranding aims to better address market segments and enhance capabilities in the evolving energy sector.
The government plans to transform India Post into a large logistics organization to support the rural economy. With 1.5 lakh rural post offices and the India Post Payment Bank, it aims to offer services like rural community hubs, institutional accounts, and credit services to micro enterprises.
KPI Green Energy has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partly fund its 50 MW hybrid power project in Bharuch, Gujarat. The project, comprising 75.2 MWp solar and 16.95 MW wind capacity, will operate under a 25-year Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited. The funding will help ensure the project’s timely completion.
Consumer complaints related to loans and advances rose 43%, representing 29% of the total grievances against RBI-regulated entities in FY24, according to the Reserve Bank's Integrated Ombudsman Scheme report. Overall complaints increased by 33%, with a notable rise in grievances related to mobile and internet banking and deposit accounts.
RBI has eased rules for asset reconstruction companies (ARCs) to settle dues with defaulters based on the realisable value of assets. Smaller loans up to Rs 1 crore can be settled through a board-approved policy, while larger loans require a board-level panel decision. This change aims to improve recoveries and expedite settlements for personal loan defaults.
Global trade in 2025 is expected to transform due to geopolitical tensions, potential US-China trade wars, AI advancements, and sustainability demands. Experts urge Indian exporters to prioritize AI strategy and environmental standards to stay competitive. New technologies and trade agreements pushing sustainability are crucial for future trade dynamics.