In a significant development for the Indian financial markets, the net inflow of foreign portfolio investors (FPI) into the Indian primary market has reached a seven-month high of $1.7 billion (Rs 14,247 crore). This surge comes amid a buoyant period for initial public offerings (IPOs). The last time FPIs invested such a substantial amount was…
US has shifted its stance towards India, with Trump now targeting it as part of his strategy to pressure Putin regarding the Ukraine conflict. (AI image) In the face of US President Donald Trump’s 25% tariffs and warnings of additional penalty for trade with Russia, India is also hardening its stance. Prime Minister Narendra Modi…
NEW DELHI: Amid a clamour for succour after Trump’s tariff announcement, govt has ruled out demands for subsidy, but suggested it is open to “innovative ways” to help industry beat the crisis.The message was delivered by commerce and industry minister Piyush Goyal during his meetings with some of the industry representatives in Mumbai over the…
Mumbai: Layoffs in India’s IT sector is bad news for consumption. After IT giant TCS announced cutting more than 12,000 jobs, a spectre of uncertainty looms over the sector with industry body Nasscom hinting at more layoffs – this could have a bearing on discretionary consumption, squeezing demand for apparel to and electronics, say experts,…
Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also considering the size of a startup’s team while weighing potential funding – it is not a big determining factor yet, but at least it is…
Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer document filed with Sebi.The company has said it is setting up a digital platform that will allow defaulting retail borrowers to submit settlement offers and…
New Delhi: Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply…
India’s cooperative sector is preparing to challenge ride-hailing giants Ola and Uber with the launch of a new taxi service under the brand ‘Bharat’ by the end of 2025, backed by a Rs 300 crore authorised capital. The initiative, fully funded by leading cooperatives, has already enrolled 200 drivers across four states, according to news…
The Centre has notified a new regulatory framework for India’s edible oil industry, aiming to increase transparency, prevent supply disruptions, and ensure fair prices for consumers. The Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, 2025, notified on August 1 by the ministry of consumer affairs, amends the existing 2011 Order under Section 3…
US President Donald Trump’s trade advisor Jamieson Greer has said the new American tariff rates are “pretty much set” with limited scope for negotiation, defending the Trump administration’s latest round of levies, including harsh duties on Brazil.In a pre-recorded interview aired on CBS’s Face the Nation on Sunday, US trade representative Greer said the rates…