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ED aims to end legacy FERA cases by early 2026

Financial Express Mumbai

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December 15, 2025

THE ENFORCEMENT DIRECTORATE has decided to bring to a conclusion cases registered under the Foreign Exchange Regulation Act (FERA), which was repealed by the country more than 25 years ago in 1998.

The criminal sections-loaded FERA of 1973 was replaced in June 2000 by the Foreign Exchange Management Act (FEMA) of 1999, a civil law.

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Financial Express Mumbai

Mebigo picks bankers for $200-mn IPO

MEBIGO LABS, THE operator of the audio platform Kuku FM, has hired banks for an initial public offering that could raise as much as $ 200 million, according to people familiar with the matter.

time to read

1 min

December 16, 2025

Financial Express Mumbai

Create more space to let solar power flow

Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits

time to read

3 mins

December 16, 2025

Financial Express Mumbai

In major overhaul, Centre proposes single regulator for higher education

THE GOVERNMENT ON Monday introduced the Viksit Bharat Shiksha Adhishthan Bill, 2025 in Parliament that aims to overhaul higher education by setting up a single regulator for higher education that will set standards, streamline governance, and provide policy directions.

time to read

2 mins

December 16, 2025

Financial Express Mumbai

Kaynes Tech turns focus to cash flow

NON-SMART METER GROWTH RECOVERY LIKELY TO SERVE AS A CATALYST

time to read

1 mins

December 16, 2025

Financial Express Mumbai

Positive outlook for Dr Reddy's

FY28 TO SEE EARNINGS RECOVERY DRIVEN BY BASE BUSINESS GROWTH

time to read

1 mins

December 16, 2025

Financial Express Mumbai

Petrol, diesel costliest in Andhra Pradesh, cheapest in Andaman

PETROL AND DIESEL are costliest in Andhra Pradesh largely because of the highest VAT the state charges, while smaller states and Union Territories such as Andaman & Nicobar Islands have the lowest fuel prices, according to information furnished in the Rajya Sabha on Monday.

time to read

2 mins

December 16, 2025

Financial Express Mumbai

Axis to hire 50 pvt bankers to target India wealth boom

AXIS BANK IS adding 50 private bankers and plans to launch several funds in the GIFT City, as part of a strategy to tap into the explosive growth of the country's wealthy population.

time to read

1 min

December 16, 2025

Financial Express Mumbai

JOB MARKET STRENGTHENING, SAYS MoSPI Nov unemployment rate drops to new low of 4.7%

INDIA'S UNEMPLOYMENT RATE dropped to a new low of 4.7% in November, according to the statistics ministry's latest monthly Periodic Labour Force Survey (PLFS) report published on Monday.

time to read

1 mins

December 16, 2025

Financial Express Mumbai

Govt holds road shows for share sale in GIC

THE GOVERNMENT HELD road shows in London to assess investor interest for a minority stake sale in General Insurance Corp (GIC), two government sources familiar with the matter told Reuters.

time to read

1 min

December 16, 2025

Financial Express Mumbai

India, Mexico start talks on trade pact

INDIA HAS STARTED discussions on a Preferential Trade Agreement (PTA) with Mexico to cushion the impact of steep tariff increase by it on the countries with which it does not have any Free Trade Agreement (FTA).

time to read

1 min

December 16, 2025

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