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By Kunal Shrivastav , 24 July 2025
I

Erosion of Trust: Surge in Banking Complaints Highlights Service and Empathy Deficit

India’s banking sector is witnessing a troubling rise in customer grievances, reflecting deeper issues in service quality and institutional empathy. As digital banking expands and customer bases diversify, financial institutions are grappling with gaps in responsiveness, dispute resolution, and human engagement. From delayed grievance redressal to the mechanical handling of sensitive issues, many customers report feeling unheard or dismissed. The trend poses not only a reputational risk for banks but also threatens long-term customer loyalty.

Tags

  • Banking
By Shilpa Reddy , 24 July 2025
T

Paytm Posts First-Ever Quarterly Profit with Rs. 122.5 Crore in Q1 FY26

In a pivotal moment for India’s digital payments landscape, Paytm has reported its first-ever quarterly profit since listing, marking a net profit of Rs. 122.5 crore in the first quarter of FY26. This milestone signals a critical turnaround for the fintech major, driven by operational discipline, cost rationalisation, and growing monetisation across financial services. The company’s performance not only vindicates its long-term growth strategy but also reflects shifting investor sentiment towards profitability in the tech sector.

Tags

  • Company Results
  • Digital Technology
By Vrinda Chaturvedi , 24 July 2025
T

India’s Affordable Housing Segment Faces 32% Dip in Sales Amid Price Pressures

India’s affordable housing market, once a cornerstone of urban residential demand, witnessed a sharp 32% decline in sales during the first half of 2025. The drop underscores shifting buyer preferences, inflationary headwinds, and reduced availability of budget-friendly projects. While the overall residential market remains buoyant, with mid and premium segments registering growth, the affordable category—typically priced under Rs. 40 lakh—has been significantly impacted by rising construction costs and limited new supply.

Tags

  • Real Estate
  • Economy
By Maulik Majumdar , 24 July 2025
B

India Issues Rs. 35,105 Crore in Tax Demands Under Black Money Act

India’s aggressive crackdown on undisclosed offshore wealth has led to tax demands totaling Rs. 35,105 crore under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. Since its enactment in 2015, this landmark legislation has been central to the government’s broader strategy to tackle tax evasion and financial opacity. Over the last nine years, nearly 440 cases have been prosecuted under the Act, underscoring the administration’s persistent push to ensure accountability from individuals and entities with hidden overseas assets.

Tags

  • Tax
  • Financial Sector
By Gurleen Bajwa , 24 July 2025
S

Salesforce Expands AI Footprint in India with Academic Training Push

In a strategic move to foster future-ready talent, Salesforce has unveiled a comprehensive AI training initiative targeting students and educational institutions across India. This initiative, which forms part of the company’s broader vision for workforce development, seeks to upskill learners in artificial intelligence and data analytics through curated academic programs. With a target of reaching 100,000 students and collaborating with over 50 academic institutions by 2026, Salesforce aims to bridge the skills gap in India’s rapidly evolving digital economy.

Tags

  • Technology Sector
  • AI
By Parvati Das , 24 July 2025
C

Colgate-Palmolive Reports 12% Decline in Q1 Profit Amid Margin Pressures

Colgate-Palmolive (India) Ltd. reported a 12% year-on-year decline in net profit for the first quarter of FY26, reflecting the combined impact of elevated marketing expenses, raw material cost fluctuations, and increased competitive intensity in the oral care market. Despite resilient revenue growth and sustained market leadership, the company’s profitability was affected by strategic reinvestments in brand-building and innovation.

Tags

  • Company Results
  • FMCG Sector
By Agamveer Singh , 24 July 2025
C

India Faces Rs. 22,845-Crore Blow from Cybercrime in 2024, Signaling Urgent Need for Digital Resilience

India witnessed a staggering Rs. 22,845 crore in financial losses due to cybercrime incidents in 2024, marking a stark reminder of the vulnerabilities in the country’s digital ecosystem. This alarming figure underscores the growing threat posed by online fraud, data breaches, and phishing scams across both corporate and individual domains. With digital penetration accelerating in sectors such as banking, e-commerce, and government services, the frequency and sophistication of cyberattacks have grown in tandem.

Tags

  • Cybersecurity
  • Trending
  • Internet
By Amrita Bhatia , 24 July 2025
L

LatentView Analytics Posts Rs. 50.5 Crore Q1 Profit, Signaling Strong Momentum in FY26

LatentView Analytics has reported a consolidated net profit of Rs. 50.5 crore for the first quarter of FY26, reflecting sustained demand for data-driven decision-making across sectors. The company’s quarterly revenue stood at Rs. 167.2 crore, indicating solid year-on-year growth. With operations spanning consulting, data engineering, and analytics solutions, LatentView’s performance underscores its expanding role as a strategic partner for global enterprises navigating digital transformation.

Tags

  • Company Results
  • Business
By Gurleen Bajwa , 24 July 2025
T

Harshvardhan Kotia Takes Helm as CEO of Marsons Ltd to Drive Strategic Revival

Marsons Ltd, a legacy player in India's power infrastructure sector, has appointed Harshvardhan Kotia as its new Chief Executive Officer, marking a decisive step toward corporate renewal. The board’s decision reflects the company’s intent to reposition itself for sustainable growth and operational efficiency amid a rapidly transforming energy landscape. Kotia’s leadership arrives at a critical juncture, as Marsons looks to re-establish its market relevance by sharpening its strategic focus, streamlining governance, and rebuilding investor confidence.

Tags

  • Infrastructure
  • Business
By Nimrat , 24 July 2025
C

Chanda Kochhar Found Guilty in Rs. 64-Crore Bribery Case Linked to Videocon Loan Scandal

In a significant judgment that casts a long shadow over corporate governance and banking ethics in India, former ICICI Bank CEO and MD Chanda Kochhar has been found guilty in a Rs. 64-crore bribery case. The case is linked to irregularities in the sanctioning of a Rs. 300-crore loan to the Videocon Group during her tenure. This ruling not only revives scrutiny of India’s private banking leadership but also raises broader concerns over conflicts of interest, internal controls, and fiduciary responsibilities at the highest echelons of corporate India.

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  • Banking
  • Fraud
  • Trending

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