MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…
MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…
Crypto venture firm Dragonfly Capital completed a $650 million fourth fund, marking one of the largest raises in the sector at a time when many blockchain-focused VCs are struggling, Managing Partner Haseeb Qureshi said. “It’s a weird time to celebrate,” Qureshi wrote on a social media post on Tuesday, describing low spirits and “the gloom…
NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…
NEW DELHI: SC on Tuesday criticised 12 ’eminent’ persons who together filed a PIL “targeting” CMs of BJP-governed states for alleged hate speeches while making a plea for framing guidelines to restrain constitutional functionaries and bureaucrats from breaching fidelity to constitutional morality. Appearing for petitioners, senior advocate Kapil Sibal told a bench of Chief Justice…
MUMBAI: Adani Group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035 as the ports-to-power conglomerate seeks to cash in on India’s attempt to pitch itself as the hub of AI infrastructure. The investment is expected to “catalyse” an additional $150 billion investment across server manufacturing, advanced electrical infrastructure and related…
MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway trimmed more of its Apple stake and began a new position in The New York Times in the fourth quarter, according to a new securities filing. The Omaha-based conglomerate disclosed that it pared…
CHENNAI: Over eight years after a trial court acquitted 23 accused of killing a man over an election rivalry in Villupuram in 2013, Madras HC on Tuesday reversed the order and convicted and sentenced 21 of them to life imprisonment.“On a careful re-appreciation of the entire evidence on record, we find that the prosecution proved…
Two of Abu Dhabi’s major investment firms increased their exposure to bitcoin BTC$68,324.61 in the fourth quarter of 2025, buying into BlackRock’s spot bitcoin ETF as the market fell, according to recent regulatory filings. Mubadala Investment Company, a sovereign wealth fund backed by the Abu Dhabi government, added nearly four million shares of BlackRock’s iShares…
