MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
NEW DELHI: Amid tariff trouble, for Indian commercial missions the message from the Prime Minister’s Office (PMO) and the commerce department is clear: “Har ek country zaroori hota hai”.PMO officials have held at least five meetings with Indian missions, ministry of external affairs and trade bodies, underlining the need to step up trade engagement for…
Representative image (ANI) JAMMU: Ten Army soldiers were killed and 11 wounded around noon Thursday when an armoured troop carrier skidded off a narrow mountain road in J&K and plunged nearly 200ft into a gorge. The six-wheel truck was heading to a counterterrorism operation in the upper reaches of Doda district, a remote, forested area…
Retail traders leaned on their 2025 playbook and bought the dip this week as market volatility surged. Stocks posted their worst day since October on Tuesday after President Trump threatened to take over Greenland and announced tariffs on eight European nations that opposed him. But the market rebounded on Wednesday after Trump announced a “framework”…
Trump files $5 billion lawsuit against JPMorgan over 2021 debanking Source link
The US Federal Reserve’s preferred inflation measure remained elevated in November, reinforcing expectations that policymakers are likely to pause further interest rate cuts as they assess the impact of earlier easing and new trade-related pressures.Data released by the US Department of Commerce on Thursday showed that the personal consumption expenditures (PCE) price index rose 2.8%…
NEW DELHI: The Bombay high court on Thursday came down sharply on the Maharashtra government, questioning whether the rule of law prevails in the state and asking if the chief minister was too “helpless” to act against a cabinet minister whose son has been evading arrest for weeks.The remarks were made by Justice Madhav Jamdar…
Healthcare emergencies have emerged as one of the leading reasons for personal loan borrowing in urban India, highlighting gaps in health insurance coverage and rising medical costs, according to a new consumer research report released by Paisabazaar.The study, titled The Personal Loan Story, found that 11% of personal loan borrowers nationwide took credit to meet…
Rick Rieder, BlackRock’s senior managing director, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump. In a CNBC interview, Trump called Rieder “very…
NEW DELHI: Amid concerns over inadequacy of the grid to evacuate power from renewable energy projects, the govt on Thursday said that India’s high-voltage (220 kV and above) power transmission network had crossed the 5 lakh circuit kilometre (ckm) mark with the addition of 628 ckm in Rajasthan earlier this month.With India targeting 500 gigawatt…
