NEW DELHI: The economy enters the second half of FY26 on a stable footing, anchored by well-contained inflation, resilient domestic demand and supportive policy dynamics, even as global uncertainties warrant continued vigilance, a finance ministry report said on Thursday.The monthly report for Oct also cautioned that global uncertainties – including shifting trade policies, geopolitical frictions,…
NEW DELHI: Capital markets regulator Sebi on Thursday cancelled the registration of 68 investment advisers for failing to pay renewal fees.The list of cancelled entities includes Truenorth Labs, Equity Mantra, Saurabh Mundra, Sheetal Agrawal, Ateet Hemant Wagh, Getbasis Securities and Technologies India, Lucid Technologies, and Avenue Venture Partners Investment Adviser LLP, among others. According to…
MUMBAI: An arm of the National Payments Corporation of India has launched a platform that promises the RBI far greater oversight of net banking transactions, including payments linked to crypto or gaming.NPCI Bharat BillPay Limited has rolled out Banking Connect, an interoperable system that allows any merchant integrated through a payment aggregator to receive payments…
MUMBAI: Ikea is stepping up India expansion with plans to open four to five stores annually in the market where people are widening their budgets for home furnishing and decor, boosting growth prospects. This compares with all of six stores that the Swedish company launched in the country through the first seven years of its…
MUMBAI: A rally on Wall Street, rate cut hopes in the US and in India, and strong buying momentum by domestic funds all pushed the sensex above the 86k mark for the first time on Thursday morning. However, profit-taking at higher levels brought the index down from the intraday peak of 86,056 points to close…
Mahindra & Mahindra’s Rajesh Jejurikar NEW DELHI: As relations between India and China seem to be mending on the business front, local auto major Mahindra & Mahindra has said Indian carmakers are open to competing with Chinese brands, provided they “compete on equal terms” and adhere to localisation norms of the country.Mahindra has been betting…
NEW DELHI: The income tax department has launched a fresh campaign to nudge those with overseas assets or income to disclose details in India. Initially, around 25,000 high-risk cases will be targeted through SMS and e-mails, with the campaign proposed to be expanded mid-Dec to cover others, and improve the compliance ecosystem.The initiative comes exactly…
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The European Central Bank (ECB) sees interest rates as appropriately placed for now but has left room for potential cuts in 2026, according to minutes of its October meeting released on Thursday, AFP reported.The minutes showed that October’s unanimous decision to hold the key deposit rate at 2 per cent reflected broad agreement with Chief…
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