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New Maharashtra law upends India Inc’s playbook for trusts

Financial Express Chandigarh

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November 17, 2025

TRUSTS IN MAHARASHTRA will need sharper successionplanning strategies as the state’s Public Trusts (Amendment) Ordinance-2025 comes into effect and reshapes how charitable boards are structured and leadership continuity is managed, experts said.

- URVI MALVANIA

With perpetual trustees now capped at 25% of the board strength, legacy institutions must move away from informal succession arrangements and build clearer, more documented systems for rotation, reappointments and future leadership pipelines, they added. The shift is significant for large promoterlinked trusts, where generational continuity and concentrated control have historically guided appointments.

Financial Express Chandigarh से और कहानियाँ

Financial Express Chandigarh

Digi payments: SBI & BoB get nod to set up intelligence arm

STATE BANK OF India (SBI) and Bank of Baroda (BoB) have received approval from the Reserve Bank of India (RBI) to form section-8 companies under the Companies Act, 2013 for digital payments intelligence platform called Indian Digital Payment Intelligence Corporation (IDPIC), lenders informed the exchanges on Wednesday.

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1 min

December 11, 2025

Financial Express Chandigarh

Adani Enterprises’ ₹25K-cr rights issue oversubscribed

ADANI ENTERPRISES SAID on Wednesday its ₹25,000-crore rights issue was oversubscribed, marking the group's biggest capital raise since a short-seller's allegations roiled the ports-to-power conglomerate in 2023.

time to read

1 min

December 11, 2025

Financial Express Chandigarh

CPSE dividends reach 60% of FY26 target

GOVT FINANCES BOOSTER

time to read

1 mins

December 11, 2025

Financial Express Chandigarh

Fast adoption to define AI winners: Nadella

NADELLA SAID INDIA'S momentum was supported by a virtuous cycle created by public digital infrastructure, policy frameworks and a large domestic market.

time to read

1 min

December 11, 2025

Financial Express Chandigarh

State refiners lead in Russia oil deals; RIL halts purchases

FOUR OUT OF seven largest refiners in India are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as heavyweight Reliance Industries stays away.

time to read

2 mins

December 11, 2025

Financial Express Chandigarh

US court reverses $1-bn order against Byju Raveendran

A US BANKRUPTCY court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn - the parent firm of edtech platform Byju's.

time to read

1 min

December 11, 2025

Financial Express Chandigarh

Meesho closes up 53% after listing at 46% premium

STOCK PERFORMANCE

time to read

2 mins

December 11, 2025

Financial Express Chandigarh

Are you helpless? Delhi HC asks Centre

THE DELHI HIGH Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

time to read

1 min

December 11, 2025

Financial Express Chandigarh

Amazon adds $35 bn to India cart

INVESTMENT TO ADVANCE AI-LED DIGITISATION, EXPORT GROWTH, JOB CREATION

time to read

1 min

December 11, 2025

Financial Express Chandigarh

India's offer best: USTR

THE US IS facing barriers in many markets for its agriculture commodities.

time to read

2 mins

December 11, 2025

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