CHENNAI/ NEW DELHI: The changes in foreign direct investment (FDI) rules for China and other land bordering countries (LBCs) are expected to fast track investment by global investment firms, such as Blackrock and Carlyle, as they were feeling the heat of approvals required, even if there was a very small Chinese shareholding.On Wednesday, the Union…
NEW DELHI: Samajwadi Party, Congress, TMC, Shiv Sena, JMM, IUML tore into Speaker Om Birla, as they accused him of being biased.SP’s Anand Bhadauria said the ruling BJP has torn to shreds the dignity of the Chair, and the removal notice against the Speaker is to save that high post. ‘Om Birla Perfected Art Of…
MUMBAI: Japan’s Mitsubishi UFJ Financial Group and State Bank of India on Wed announced a strategic partnership to structure and finance projects, including mergers and acquisitions, acquisitions, and real estate funding for Indian and global clients.The alliance follows new rules by Reserve Bank of India allowing banks to fund corporate acquisitions up to 75% of…
BENGALURU: From young professionals to experienced developers, techies are increasingly taking up freelance assignments to supplement incomes and build alternative career paths as the industry grapples with slowing hiring, rapid advances in AI, and growing uncertainty around traditional tech roles. For some, these gigs are side hustles alongside full-time jobs-reflecting a rise in moonlighting-while others…
MUMBAI: Gen Z investors who entered the markets during the Covid & post-Covid years are in panic mode. Having not experienced significant market corrections in their short investment journey, they are jittery looking at some red marks in their statements, indicating month-on-month fall in portfolio values. They are also the ones who are regularly asking…
NEW DELHI: Integrated shipping and logistics company Maersk has decided to levy a temporary emergency bunker surcharge on new cargo bookings to ensure the cross-border movement of essential items amid the ongoing crisis in West Asia. However, the surcharge is subject to regulatory approvals and will apply globally, including India, without exception from March 25,…
NEW DELHI: The Centre on Wednesday asked states to address LPG cylinder supply constraints and ensure fears of scarcity do not turn into a law and order issue. State govts were also asked to check black marketing and hoarding of cooking gas cylinders, amid reports of panic booking.TOI has learnt that in a meeting with…
PUNE: Union minister of state of civil aviation Murlidhar Mohol on Wednesday said the department is considering capping exorbitant fares of flights meant for repatriation from West Asian countries, reports Joy Sengupta.Speaking on the sidelines of a corporate social responsibility event organised by Airports Authority of India, he said, “We are collecting information on the…
MUMBAI: As the prospect of a quick end to the war in West Asia thinned, sensex reversed with a 1,342-point slide on Wednesday to close at 76,864 points. The index is now down more than 10% from its all-time high of 86,159 points recorded intraday on Dec 1, 2025. Since the war between the US-Israel…
Stablecoin users won’t benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis Hill. He also specified that the ban will include protections known as “pass-through insurance” in which financial firms obtain the government protections on behalf of…
