US President Donald Trump on Friday ordered the unraveling of a $2.9 million computer chips deal that he concluded threatened US security interests if the current owner, HieFo Corp, remained in control of the technology. The executive order cast a spotlight on a business deal that drew scant attention when it was announced in May…
An under-construction Mumbai Ahmedabad bullet train station NEW DELHI: A delay of over four years has pushed up the cost of country’s first bullet train project by around 83% to Rs 1.98 lakh crore. The first leg of the project, between Surat and Bilimora, is scheduled to be inaugurated in Aug 2027, while the entire…
Ultra wealthy Indians are increasingly placing their bets on pink, blue and yellow diamonds, embracing the rare stones as both eye-catching statement jewellery and long-term investment assets. Coloured diamonds,far rarer than conventional white diamonds, have seen demand spiked by 20%-25% over the past year, even as prices continue to climb.According to jewellers and traders, since…
Insurance behemoth Life Insurance Corporation of India (LIC) on Friday announced the launch of a two-month-long campaign for the revival of individual lapsed policies. This special drive, to be carried out from January 1 to March 2, 2026, is extended to all non-linked policies with a very attractive concession in late fee. Concession is being…
BENGALURU: India’s wealthiest individuals and entities spent more than Rs 7,100 crore buying just 51 ultra-luxury homes in 2025, signalling a sharp deepening of demand at the very top end of the residential property market, registration data analysed by Zapkey show. The transactions marked the highest-ever concentration of value in a limited number of home…
MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as analysts and brokers awaited the finer details of the govt’s proposed tax changes, effective Feb 1.Analysts at brokerage houses expect…
MUMBAI: Thinking of buying an air-conditioner in the new year or getting some fancy bathware or copper-based kitchen utensils to add to the aesthetics of your home? You may have to pay more, as the red metal used in several household products has surged in recent months. Copper prices surpassed a record $12,000 per tonne…
Markets regulator Sebi is using AI-driven tools to analyse compliance of its rules. Sebi is also in the process of developing one such tool that would test the cybersecurity preparedness of its regulated entities, chairman Tuhin Kanta Pandey said. The Sebi chief was speaking at an BSE event to commemorate the 40th year of the…
NEW DELHI: The commerce department on Friday unveiled a new interest subsidy mechanism targeted at MSMEs, along with a corpus to guarantee loans to small businesses that export. The interest subsidy scheme, which has an allocation of nearly Rs 5,181 crore spread over six years starting the current fiscal, will offer a 2.75% subsidy on…
India foreign trade (Image for representation) NEW DELHI: Govt is pushing Russia to lower barriers for export of Indian electronics, engineering goods, food products and fisheries as part of its efforts to get Moscow to use the $50-55 billion equivalent of roubles lying in bank accounts due to the oil-induced trade balance. For electronics, software…
