India’s electric vehicle (EV) market, which has shown remarkable year-on-year growth, faced a notable slowdown in April 2025. A sharp 17.6% decline in monthly sales was recorded, attributed primarily to a significant reduction in government subsidies for electric two-wheelers (e2w). Despite the monthly drop, overall EV sales were substantially higher than in April 2024, showing …
Coforge Limited has successfully implemented ServiceNow’s AI-powered Financial Services Operations (FSO) Dispute Management module for Blackhawk Network (BHN), marking a major milestone in financial services automation, as per news reports. Unveiled at ServiceNow’s flagship event, Knowledge 2025, the collaboration showcases how Coforge and ServiceNow combine generative AI and industry expertise to streamline complex dispute …
The Securities and Exchange Board of India (SEBI) has proposed a separate voluntary delisting mechanism specifically for public sector undertakings (PSUs) where the government or promoter group holds 90% or more of the total issued shares. A consultation paper outlining the proposal was released on May 7, with public comments invited until May 26. Why …
The Ministry of Road Transport and Highways (MoRTH) has officially notified the Cashless Treatment of Road Accident Victims Scheme, 2025, effective from May 5, 2025. Under this scheme, any individual injured in a road accident involving a motor vehicle, on any road across India, is eligible for cashless treatment of up to ₹1.5 lakh per …
The Securities and Exchange Board of India (SEBI) has introduced a set of regulations for securitised debt instruments (SDIs), setting a minimum investment threshold and requiring dematerialised (demat) format for all issuances and transfers. The rules were announced through a gazette notification. ₹1 Crore Minimum Investment Mandated A minimum ticket size of ₹1 crore has …
Pakistan’s Karachi Stock Exchange faced a sharp sell-off on May 7, 2025, as the benchmark KSE-100 index opened nearly 5.7% lower its steepest single-day drop since 2021. This significant fall followed targeted military strikes by India on terror infrastructure across the border, triggering heightened geopolitical tensions in the region. Although the index trimmed some of …
According to Entrackr, DMI Finance has significantly expanded its employee stock ownership plan (ESOP), raising the total pool to $105 million. The digital lending firm passed a board resolution to add 1.18 crore new stock options to its existing 2018 plan, signaling continued focus on employee retention and long-term growth. DMI Finance Adds $36M in …
Indian benchmark indices ended lower on Tuesday, May 6, 2025, amid mild profit booking and mixed global cues. The BSE Sensex fell 155.77 points (0.19%) to close at 80,641.07, while the NSE Nifty 50 declined 81.55 points (0.33%) to settle at 24,379.60. Here are the top gainers and losers for the day: Top Gainers of …
According to the news reports, Himachal Pradesh is grappling with significant fiscal stress, intensified by a sharp reduction in central revenue support. According to reports, the state’s revenue deficit grant has plummeted from ₹8,058 crore in FY24 to ₹3,257 crore in FY26. In response, the state government is actively exploring structural measures to manage its …
According to a report, the Employees’ Provident Fund Organisation (EPFO) is seeking to expand its physical infrastructure to cater to an anticipated increase in its subscriber base, from nearly 70 million to 100 million in the coming years. The move is part of a broader strategy to shift from rented offices to owning its premises …
