The Unified Pension Scheme (UPS) was launched on April 1, 2025, as an alternative to the existing market-linked National Pension System (NPS). Aimed primarily at central government employees, the scheme guarantees a defined pension amount post-retirement. However, despite the promise of stability, the initial response has been tepid. A Modest Start Triggers Government Concern Within …
As of January 2025, a joint report by CAMS and the Confederation of Indian Industry (CII) reveals that nearly half of the mutual fund investors in B30 (beyond top 30) cities—47% or 98 lakh out of 2.08 crore—are invested in just 1 scheme. This suggests a concentrated approach or possibly a nascent stage of financial …
In a move to strengthen and diversify its global semiconductor supply chain, Tesla is currently in discussions with leading memory chipmakers, including US-based Micron and Mumbai-headquartered CG Semi, a Murugappa Group company. These talks align with Tesla’s broader strategy of mitigating supply chain risks amidst shifting geopolitical dynamics. Tesla Engages with Micron, CG Semi, and …
The Employees’ Pension Scheme (EPS), also referred to as EPS-95, was launched in 1995 with the aim of providing a steady post-retirement income to employees in the organised sector. Administered by the Employees’ Provident Fund Organisation (EPFO), the scheme offers pension benefits to employees who contribute to it for a minimum of 10 years. In …
Mirae Asset Investment Managers (India) Pvt. Ltd., through its International Financial Services Centre (IFSC) branch at GIFT City, has introduced a new global investment avenue—the Mirae Asset Global Allocation Fund IFSC. This newly launched Category III Alternative Investment Fund (AIF) aims to tap into international growth sectors, particularly artificial intelligence (AI) and semiconductors, through a …
In a significant move aimed at strengthening the financial reporting framework in India, the Institute of Chartered Accountants of India (ICAI) has proposed a new accounting standard, Ind AS 118. According to ICAI President Charanjot Singh Nanda, this standard is expected to improve the quality and clarity of financial disclosures without altering how companies measure …
In a strategic move to widen the reach and impact of health insurance in India, the Insurance Regulatory and Development Authority of India (IRDAI) has launched a shared hospital network and an expedited cashless claims mechanism. This initiative aims to improve affordability and transparency while reducing financial burdens on policyholders. Uniform Treatment Rates Based on …
The Competition Commission of India (CCI), in a majority decision, has accepted the settlement proposal submitted by Google in connection with its conduct in the Android TV operating system market. This settlement was processed under Section 48A(3) of the Competition Act, 2002, and the recently notified Competition Commission of India (Settlement) Regulations, 2024. The case …
Adani Realty is set to embark on one of its most ambitious real estate projects to date—a sprawling township in Navi Mumbai. Spanning over 1,000 acres, this project is expected to be the largest in the company’s portfolio, surpassing its previous ventures like the 600-acre Shantigram in Ahmedabad. This mega township project, currently being referred …
The Securities and Exchange Board of India (SEBI) has issued a consultation paper on 21 April, proposing significant changes to the handling of disputes and complaints among market participants. The regulator seeks to streamline processes through greater use of the Online Dispute Resolution (ODR) mechanism, among other regulatory updates. Public feedback on these proposals is …
