NEW DELHI: Govt on Tuesday sought Parliamentary approval for additional spend of over Rs 2.8 lakh crore, of which the cash outgo will be a little more than Rs 2 lakh crore, with a bulk of it going towards meeting the gold sovereign bond liability and meeting the higher food and fertiliser subsidy bill.The biggest…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…
Prediction market platform Polymarket has teamed up with Palantir and TWG AI to build a monitoring system designed to detect suspicious trading and manipulation in sports prediction markets, a move that reflects growing pressure on the fast-growing sector to establish credibility. The new system will use Palantir’s data infrastructure and TWG AI’s analytics to monitor…
NEW DELHI: The governing NDA on Tuesday came down heavily on Rahul Gandhi over the no-confidence motion against Speaker Om Birla, with parliamentary affairs minister Kiren Rijiju saying the leader of the opposition was attacking democratic institutions because of the realisation that there is no way he could lead his party to win an election.Rijiju…
NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said govt is looking to extend support to exporters on the insurance front to help them deal with the ongoing West Asia crisis.He said that an inter-ministerial group is keeping tabs on developments on a daily basis and is interacting with exporters.The Customs department has…
NEW DELHI: The Union cabinet on Tuesday eased norms governing investments from China and other countries sharing a land border with India, to provide for faster approvals in “strategic sectors”, while fast-tracking inflows when the entity from across the border holds under 10% and is a non-controlling shareholder.The govt has amended Press Note 3, issued…
MUMBAI/CHENNAI: Shockwaves from US and Israeli strikes on Iran may seem distant from India’s shores, but for Indian industry, the impact is already hitting home. Gas curbs, production cuts, export delays, and constantly rising operating costs are rippling through fertiliser plants, ceramic kilns, sanitary ware units, textile mills, and tyre factories. In Gujarat, Triveni Iron…
NEW DELHI: Exercising exclusive Art 142 powers, Supreme Court Tuesday ordered setting up of a tribunal comprising retired Chief Justice and ex-judges of Calcutta and neighbouring HCs to decide appeals against judicial officers’ orders rejecting claims for inclusion in the Bengal voter list post special intensive revision.A bench of CJI Surya Kant and Justices R…
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