NEW DELHI: Gross foreign direct investment (FDI) grew 16.7%, its fastest pace of expansion in six years, to a record $94.5 billion in 2025-26, helping reverse the four-year falling trend of net FDI.Net FDI was estimated at $7.7 billion during the last financial year, compared with under $1 billion in the previous year. After excluding…
MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term…
NEW DELHI: Govt has stepped in to unclog piling up of containers at India’s busiest container port, Jawaharlal Nehru Port Authority (JNPA) (Mumbai), and has set up a panel of top officials to remove bottlenecks at all the 12 major ports. It will meet every week or fortnight to address concerns faced by businesses.The issue…
The U.S. House Oversight Committee plans a probe into the largest prediction market platforms over suspicions that government employees could be exploiting classified information for personal gain. Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, is seeding the internal records from the CEOs of Polymarket and Kalshi to determine if…
NEW DELHI: Supreme Court on Friday raised a question on why children of economically and educationally advanced families within backward classes be allowed to avail the benefit of reservation under OBC category.“If both parents are IAS officers, why should they have reservations? With education and economic empowerment, there is social mobility. So then again to…
Tanya Denisova, chief operating officer of Robinhood Crypto, is leaving the firm, according to two people with knowledge of the matter. Denisova had been employed by the popular trading platform for over five years, according to her LinkedIn profile. Neither Robinhood nor Denisova responded to requests for comments. The departure comes amid Robinhood missing its…
NEW DELHI: After two benches of the Supreme Court differed over whether delay in trial can justify bail for those accused under UAPA, the apex court has now referred the issue to a large bench for authoritative pronouncement.A bench of Justices Aravind Kumar and P B Varale said this while taking exception to remarks made…
NEW DELHI: India and Cyprus upgraded their ties to a strategic partnership, launched a roadmap for defence cooperation and signed an MoU for establishing a joint working group on counterterrorism as PM Narendra Modi hosted President Nikos Christodoulides for talks. Modi said ties with Cyprus, which currently holds the EU Council presidency, were based on…
Chun Wang, the Chinese-born Maltese-Kittitian crypto investor who co-founded F2Pool, has been named Mission Commander for SpaceX’s first commercial human spaceflight interplanetary mission to Mars, crucial to Elon Musk’s plans to send one million people to the Red Planet. Wang, whose mining pool controls roughly 11.3% of the global Bitcoin network hashrate and whose personal…
NEW DELHI: Accepting the explanation of three academics – Prof Michel Danino, Suparna Diwakar and Alok Prasanna Kumar, the Supreme Court Friday lifted the life ban on their association with academic exercises in govt-run universities and institutions.The ban was imposed on them by the SC on March 11 after it took serious umbrage at a…
