The government has amended rules to streamline approvals for opening coal and lignite mines, a move aimed at cutting procedural delays and speeding up mine operationalisation while retaining regulatory oversight, PTI reported .Under the earlier framework, Rule 9 of the Colliery Control Rules, 2004 required mine owners to obtain prior approval from the Coal Controller’s…
IT services firm Coforge on Friday announced the acquisition of Silicon Valley-based AI firm Encora in an all-stock deal valued at $2.35 billion (about Rs 21,133 crore), marking one of the largest overseas acquisitions by an Indian mid-tier IT company, PTI reported.The acquisition will be funded entirely through equity, with Coforge issuing preferential shares worth…
India’s foreign exchange reserves rose sharply by $4.368 billion to $693.318 billion in the week ended December 19, data released by the Reserve Bank of India showed on Friday, PTI reported.The latest increase follows a rise of $1.689 billion in the previous week, taking the country’s overall forex buffer to its highest level in recent…
The Regional Rapid Transit System (RRTS) has the potential to fundamentally change urban mobility patterns while acting as a catalyst for decentralised economic growth along transit corridors, real estate consultant Knight Frank said in a new report, PTI reported.According to a Knight Frank India study released on Friday, titled ‘Regional Rapid Transit System: Testing the…
Gold price today: Precious metals continued their strong rally on Friday, with gold and silver scaling fresh record highs in both domestic and international markets, driven by firm global cues and sustained investor demand.On the Multi Commodity Exchange (MCX), gold crossed the Rs 1.39 lakh mark per 10 grams for the first time. Gold futures…
NEW DELHI: The government issued a notification announcing a new Indian Standard for incense sticks (agarbatti), laying down quality norms and specifying a list of substances prohibited for use in their manufacture.The standard has been developed by the Bureau of Indian Standards (BIS) to ensure safer products and promote responsible and sustainable practices in the…
One of the most successful exports is the BrahMos missile. (File photo of BrahMos) By Pawan Khatter For the defence sector, 2025 is the Year of Reforms with various goals, one of which is the focus on new domains such as cyber and space, AI, ML, hypersonics and robotics. 2025 saw several feats in these…
Zepto to pre-file DRHP, targets 2026 listing NEW DELHI: Quick commerce unicorn Zepto is set to pre-file its draft red herring prospectus (DRHP) with market regulator Sebi on Friday through a confidential route, as it targets a stock market listing sometime next year, according to sources. The move positions Zepto to become one of the…
US investors may soon have access to a greater array of products tied to asset classes like private credit and crypto as the Trump administration and SEC push to open markets, a change that some investment advisors say puts too much onus on individuals to protect themselves. Both the White House and the Securities and…
Asian markets inched higher on Friday amid holiday-thinned trading, with several exchanges remaining closed for the Boxing Day holiday. Regional stocks extended gains after Wall Street ended the week at record highs, while most global markets were shut on Thursday for Christmas.Markets in Tokyo, Shanghai, Seoul and Taipei all posted gains. Japan’s Topix climbed to…