Page 8 - Latest News
Fino becomes first payments bank to get RBI's nod to convert into SFB
A payments bank is eligible to apply to transition into an SFB after completing five years of operations, subject to meeting compliance and regulatory requirements
 "Fino becomes first payments bank to get RBI's nod to convert into SFB")
Some related-party transactions not disclosed inadvertently: Kaynes Tech
The company, however, said that these transactions were not required to be disclosed under the consolidated accounting standards as per the Indian Accounting Standards
 "Some related-party transactions not disclosed inadvertently: Kaynes Tech")
Best of BS Opinion: Figuring out where sensibility ends and folly begins
Here are the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Figuring out where sensibility ends and folly begins")
Bond yields rebound from day's low after RBI cut; profit booking weighs
Government bond yields pared early gains on Friday as mutual funds and private banks sold at a profit after the RBI cut the repo rate by 25 bps and announced Rs 1 trillion of OMO purchases this month
 "Bond yields rebound from day's low after RBI cut; profit booking weighs")
Govt grounds new pilot rest rules for 2 months as IndiGo crisis deepens
India suspends new pilot duty-time rules to stabilise IndiGo after massive cancellations, as government launches inquiry and expects normal operations within 3 days
 "Govt grounds new pilot rest rules for 2 months as IndiGo crisis deepens")
We expect deposit rates to moderate after this rate cut, says RBI
RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission
 "We expect deposit rates to moderate after this rate cut, says RBI")
India cautions lenders on financing new solar module units amid oversupply
Several Indian companies have expanded solar module capacity over the past three years, targeting exports to the United States
 "India cautions lenders on financing new solar module units amid oversupply")
US advisers scrap hepatitis B vaccine recommendation for most children
For infants of mothers who test negative, the panel recommended that parents, in consultation with a healthcare provider, should decide when or if their child will begin the vaccine series
 "US advisers scrap hepatitis B vaccine recommendation for most children")
New York Times sues Perplexity AI for 'illegal' copying of content
The Times also claimed that the startup's generative AI products created fabricated content
 "New York Times sues Perplexity AI for 'illegal' copying of content")
Narendra Modi, Vladimir Putin chart path to $100 billion trade in 5 years
Deals on labour mobility, plan for 2nd Russia-backed N-plant
 "Narendra Modi, Vladimir Putin chart path to $100 billion trade in 5 years")
SC has reshaped free speech contours since Independence: Former CJI
Former CJI BR Gavai was delivering the Justice KT Desai Memorial Lecture 2025 on 'Freedom of Speech and Expression: Its Scope and Limitations Under the Constitution'.
 "SC has reshaped free speech contours since Independence: Former CJI")
US gives Europe until 2027 to lead Nato Defence capabilities: Report
If European allies don't meet this deadline, the US could stop participating in some of NATO's coordination mechanism, according to the report
 "US gives Europe until 2027 to lead Nato Defence capabilities: Report")
EU fines Musk's X €120 mn as clash with US over free speech rules deepens
In doling out the first ever penalty under the Digital Services Act, the European Commission concluded that X's paid-for blue tick symbol misled users
 "EU fines Musk's X €120 mn as clash with US over free speech rules deepens")
RBI emphatic on durable liquidity support; focus clearly on transmission
Multiple MPC members of late flagged the re-emergence of space for further monetary easing given the record-low CPI inflation
 "RBI emphatic on durable liquidity support; focus clearly on transmission")
RBI's MPC delivers again, takes 2025 rate cut tally to 125 basis points
Repo rate cut by 25 bps, stance still neutral; liquidity boost via ₹1 trn OMO in Dec
 "RBI's MPC delivers again, takes 2025 rate cut tally to 125 basis points")
Not reading too much into IMF's 'crawl' remark: RBI Dy Guv Poonam Gupta
RBI deputy governor Poonam Gupta says the IMF's 'crawl-like' label is a sub-classification based on recent volatility data, and does not change India's managed-float exchange rate regime
 "Not reading too much into IMF's 'crawl' remark: RBI Dy Guv Poonam Gupta")
Apple, Google issue fresh global alerts over state-backed cyber threats
Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when they determine they may have been targeted by state-backed hackers
 "Apple, Google issue fresh global alerts over state-backed cyber threats")
Rupee weakens after RBI rate cut; Guv says external position comfortable
The rupee slipped after the RBI cut the repo rate by 25 bps, with traders citing dollar sales near 90.07 per dollar. Governor Sanjay Malhotra said reserves and the external sector remain comfortable
 "Rupee weakens after RBI rate cut; Guv says external position comfortable")
Uttar Pradesh leads SASCI scheme with 482 projects as of late November
Over a third of the FY26 SASCI fund has been released for 4,106 state projects, with Uttar Pradesh leading approvals and Nagaland remaining the only non-participant
 "Uttar Pradesh leads SASCI scheme with 482 projects as of late November")
Datanomics: Uranium traces put spotlight on India's polluted aquifers
A new nationwide groundwater assessment shows rising uranium and nitrate contamination - with Punjab and Delhi among the worst affected - raising urgent health and policy concerns
 "Datanomics: Uranium traces put spotlight on India's polluted aquifers")
