US President Donald Trump on Friday (local time) announced plans to cap credit card interest rates at 10% for one year, saying the move is aimed at easing affordability concerns for American consumers. He also criticised the previous Joe Biden administration for not checking high interest rates in recent years.In a post on Truth Social,…
MUMBAI: Markets regulator Sebi on Friday said that brokers with less than 10,000 clients do not need to report technical glitches at their end. It also doubled the reporting time for such incidents to two hours, and also excluded brokers from complying to the rules when technical glitches do not affect trading, and also the…
KOLKATA: The IPO of Bharat Coking Coal was subscribed 8 times on the first day of bidding on Friday, driven by strong demand from retail, non-institutional and existing shareholder investor categories. The issue received bids for 2,80,61,36,400 equity shares against the offer size of 34,69,46,500 shares, according to available data. Source link
CHENNAI: India’s renewable energy sector wrapped up 2025 with a record-breaking surge in capacity additions, underscoring the pace of the country’s clean energy transition. About 48 GW of new renewable capacity was added during the year, including large hydro projects, while around 45 GW was added excluding the large hydro segment, compared with 28 GW…
BENGALURU: India’s deeptech funding rose in 2025 even as investor risk appetite tightened, with capital flowing to fewer companies, at later stages, and in larger cheque sizes. The shift lifted overall funding levels despite a sharp fall in the number of deals, highlighting a move towards selectivity and concentration rather than a broad-based return of…
NEW DELHI: India and the European Union (EU) on Friday held talks in Brussels on the proposed Free Trade Agreement (FTA) and reaffirmed their commitment to a rulesbased trading framework and a modern economic partnership that safeguards the interests of farmers and MSMEs. Commerce and industry minister Piyush Goyal is on a two-day official visit…
MUMBAI: The rupee weakened on Friday due to dollar demand from maturing offshore positions and corporate hedging. It closed at 90.16 per dollar, 14 paise down from its previous close. Falling equities added to the pressure. Elevated dollar demand weighed intraday, though sporadic dollar sales near the lows capped losses and kept sentiment cautious.“The rupee…
MUMBAI: Gross monthly inflows through systematic investment plans (SIPs) in mutual funds reached a new record high at Rs 31,002 crore in Dec, highlighting the growing importance of discipline in investing among retail investors in India.The month-on-month change in SIP flows was a substantial 5% jump in Dec, from Rs 29,529 crore in Nov, Amfi…
Ripple has gained FCA registration through its U.K. subsidiary, marking a key regulatory milestone as Britain moves to bring crypto into its financial framework. Source link
