MUMBAI: Four businesses of the Vedanta group, demerged from its flagship Vedanta Ltd—aluminium, oil & gas, iron & steel, and power—were listed on the bourses on Monday, which unlocked market value worth a little over Rs 50,000 crore. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, all part of Vedanta…
Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption.The company has taken a total of up…
MUMBAI: The West Asia peace deal between US and Iran which could eventually end the war in the region, lifted sensex by 736 points on Monday. The index closed at 76,264 points. The day also witnessed foreign funds turning net buyers of equities after remaining net sellers for days altogether, crude prices plunging more than…
MUMBAI: Reserve Bank of India has finalised its consumer protection framework under responsible business conduct guidelines, tightening rules on mis-selling, deceptive digital practices & unauthorised bundling, and shifting to a prescriptive regime.The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture…
NEW DELHI: The country Narendra Modi flew into on Sunday is one of European Union’s more restless members — a Nato state whose prime minister has courted Vladimir Putin, balked at arming Ukraine and kept a wary eye on Washington’s tariffs. That Modi chose this moment to visit Slovakia, becoming the first Indian prime minister…
BENGALURU: Homegrown AI startup Sarvam has raised $234 million in a funding round led by HCLTech and Bessemer Venture Partners, catapulting its valuation to $1.5 billion and making it one of India’s newest AI unicorns.The round also saw participation from existing investors Khosla Ventures and Peak XV Partners. As part of the transaction, HCLTech invested…
NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.“We have carried forward the…
MUMBAI: India’s balance of payments swung from a surplus of $0.5 billion in April 2025 to a deficit of $ 6.6 billion in April 2026, even as the current account moved into surplus during the period. The current account recorded a surplus of $4.7 billion in April 2026 compared with a deficit of $4.8 billion…
Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC’s “Fast Money,” defending his agency’s decision to approve the asset domestically. Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure…
The U.S.-Iran peace deal reached over the weekend provided the stimulus many markets had been waiting for. Oil fell more than 4% on news the Strait of Hormuz would reopen, copper jumped. MSCI’s broadest index of Asia-Pacific shares rallied 3% and Japan’s Nikkei 225 hit a record high. Crypto markets, however, posted muted gains after…
