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The Reserve Bank of India's (RBI) November 2019 guidelines on the compensation of key managerial personnel direct banks to establish a clawback mechanism for variable pay to address misconduct risk and ensure compliance with all relevant statutory and regulatory requirements. The clawback clauses feature in the employment contracts of the executives concerned, allowing the bank to launch recovery of compensation in cases of proven misconduct or violations of company policy, said officials in the know.
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Union Minister Piyush Goyal urged states to disburse promised industrial incentives on time and simplify laws to attract investments. He emphasized the importance of quality control orders in boosting domestic manufacturing and consumer safety. The minister also highlighted the need to focus on eastern and north-eastern states for economic growth.
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News and Media
Ikea India reported 6% YoY sales growth to Rs 1,860.8 crore in FY25 and 12% EBITDA growth, targeting profitability within two years amid expanding online and North India presence.
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Zerodhas Nithin Kamath compared Indias UPI-led payments ecosystem with the US, noting Robinhood earns Rs 1,300 crore yearly from instant withdrawal fees, highlighting Indias cost-free and efficient payment infrastructure.
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BSE Q2 Results: BSE reported a significant 61% year-on-year growth in its consolidated Q2 net profit, reaching Rs 558 crore. Revenue from operations also surged by 44% to Rs 1,068 crore. Sequentially, the company saw a 3.5% increase in profit and a 12% rise in topline.
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News and Media
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