MUMBAI: The foreign exchange market on Friday threw up a set of developments that appear contradictory: the rupee fell to a new low, RBI took measures to ease borrowing conditions, and foreign exchange reserves jumped past $700 billion even though the central bank was selling dollars to support the currency.The rupee slipped close to the…
MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
MUMBAI: Payments infrastructure startup Juspay has raised $50 million in funding from new investor WestBridge Capital at a valuation of $1.2 billion, becoming the first unicorn of the year.The investment includes a mix of primary and secondary transactions, the company said in a statement on Friday. In a secondary deal, a firm’s shares change hands…
MUMBAI: Employees of public sector general insurers, RBI and Nabard will receive a collective Rs 11,640-crore payout after the Centre approved a retrospective wage, pension reset covering serving and select former staff.State-owned general insurers take the bulk: Rs 8,170 crore, followed by RBI at Rs 2,697 crore and Nabard at around Rs 773 crore, factoring…
NEW DELHI: Shishir Kapoor, an ethnic womenswear exporter from Lucknow, asserts that he is not offering any discount to American buyers, and his business has not seen any impact due to the 50% tariffs on Indian exports. For MLK Exports, more than half its exports are to the US.“My buyers are in the upper and…
European Union vice-president, Kaja Kallas, arrived in New Delhi on Saturday, marking her first official visit to India. The visit comes amid intensified diplomatic engagement between India and the EU.MEA spokesperson Randhir Jaiswal welcomed the official in a post on X, saying the visit builds on regular high-level engagements and comes at a timely moment…
Capital markets regulator Sebi has cleared initial public offering plans of 12 companies, according to a regulatory update released on Friday.These firms are Hella Infra Market, the parent company of construction-tech platform Infra.Market, Purple Style Labs, Jay Jagdamba Ltd, UKB Electronics, CMR Green Technologies, Transline Technologies, Medicap Healthcare, Oswal Cables, BVG India, Sai Parenteral’s, Commtel…
“As we gear up for the 2026–27 budget, tackling urban air pollution has to rise to the top of our national priorities. Last year in 2025, cities like Delhi, Mumbai, and Bengaluru routinely smashed past AQI levels of 400, plunging residents into hazardous health risks from respiratory diseases to heart issues that hit vulnerable groups…
NEW DELHI: Textile minister Giriraj Singh Friday indicated that India and EU will announce a trade deal in the next four days and urged industry to diversify so that garment exports grow. Drawing comfort from trade numbers, he said: “Many believed that Indian exports will fall due to the tariff war. Industry was worried… Despite…
NEW DELHI: India’s commercial vehicle industry needs a stronger and well-designed vehicle scrappage policy to accelerate the replacement of old trucks, cut pollution and lower logistics costs, Ashok Leyland MD and CEO Shenu Agarwal said, as the sector sees a sharp demand rebound after GST 2.0.According to Siam, commercial vehicle sales touched a record 10.3…
