NEW DELHI: The Centre has banned the manufacture, sale and distribution of all oral formulations of nimesulide above 100 mg in immediate-release form, citing risk to human health and the availability of safer alternatives.In a notification issued on Dec 29 and published in The Gazette of India, the health ministry said it was satisfied that…
MUMBAI: In 2025, single-digit gains in the sensex and Nifty hid Dalal Street’s efforts to balance local and global factors which left investors jittery at regular intervals. Behind the headline numbers, however, new market darlings emerged, some older ones lost favour with investors, a number of well-known companies went public, IPOs garnered record amounts from…
MUMBAI: The outlook for 2026 blends domestic resilience with rising global uncertainty, according to RBI’s financial stability report (Dec 2025). While India’s macroeconomic fundamentals and banking system remain sound, the report stresses that the economy is exposed to global shocks translating into rupee pressure, and to vulnerabilities created by deeper financial linkages at home. The…
Anand Mahindra (File photo) NEW DELHI: Mahindra Group chairman Anand Mahindra on Wednesday said artificial intelligence is not a threat, but an accelerator as it can raise value and dignity of blue-collar jobs. “As Al reshapes industries, many fear disruption. I respectfully disagree. I believe Al is an accelerator not a threat,” Mahindra said in…
MUMBAI: Stress tests conducted by RBI suggest that Indian banks are at their healthiest point in more than a decade, with bad-loan ratios expected to improve further in the coming months and all banks retaining adequate capital even under extreme stress. According to the Financial Stability Report (Dec 2025), the banking system could withstand a…
The Enforcement Directorate (ED) has recovered over Rs 5 crore in unaccounted cash, Rs 8 crore in gold and diamond jewellery, and property documents worth Rs 35 crore during searches on alleged gangster Inderjit Singh Yadav’s premises. The investigation into money laundering stems from Yadav’s alleged illegal extortion and coercive loan settlements. NEW DELHI: In…
Korbit, the South Korean crypto exchange in talks to be bought by Mirae Asset, was fined 2.73 billion won ($1.9 million) by the country’s regulator for multiple anti money-laundering and customer verification breaches. The Financial Intelligence Unit said the exchange violated key provisions of the country’s Special Financial Transactions Act, including lapses in customer due-diligence…
NEW DELHI: After its delegation met the full bench of EC Wednesday, Trinamool national general secretary Abhishek Banerjee alleged that “vote chori” is not happening through EVMs but through manipulation of electoral rolls, a tactic he said opposition parties failed to catch in states such as Haryana, Maharashtra, Delhi and Bihar, where they lost the…
Investment bank KBW upgraded TeraWulf (WULF) to “outperform” from “market perform” while raising its price target to $24 from $9.50. The bank said the market is underestimating the earnings upside from the company’s shift away from bitcoin BTC$87,613.81 mining toward AI and high-performance computing (HPC) leasing. “We think investors underappreciate the magnitude of the BTC…
ED attaches UK-based high-value property located near Buckingham Palace in Rs 1,400 crore bank fraud case NEW DELHI: In a case of alleged laundering of Rs 1,400 crore of bank loans, ED on Wednesday said it has attached properties worth Rs 150 crore near Buckingham Palace in the UK belonging to Nitin Kasliwal, former CMD…
