MUMBAI: Reserve Bank of India has set a minimum net worth of Rs 500 crore for a company to be eligible for acquisition financing with even unlisted companies qualifying for such funding. Through its Amendment Directions, 2026, effective April 1, the central bank expands the credit activities commercial banks may undertake, with acquisition finance at…
NEW DELHI: India on Friday denied reports that it was holding off bilateral engagement or delaying a trade deal with the United States, saying discussions between the two countries are continuing for a “mutually beneficial agreement.” “We have noted a media report regarding ongoing trade talks with the US. It is denied that there is…
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NEW DELHI: A three-storey building collapsed in Rajasthan’s Kota on Saturday, leaving several people feared trapped under the debris. The incident took place in the Talwandi area, where a restaurant was operating inside the building.Police and rescue teams reached the spot soon after receiving information and began rescue work immediately. Officials said five people have…
After nearly four years of underperformance, India’s information technology stocks are entering 2026 with expectations shaped more by realism than hype, as investors assess whether artificial intelligence can finally revive growth after a prolonged slowdown.The Nifty IT index is trading close to a four-year low, a sharp reversal from the pandemic-era boom that once made…
NEW DELHI: Drug makers and medical device firms facing minor regulatory violations can now avoid criminal prosecution and lengthy court battles, with the government rolling out a formal mechanism to settle eligible cases outside courts.The framework, laid out in the Drugs and Cosmetics (Compounding of Offences) Rules, 2025, allows certain offences under the Drugs and…
Bitcoin’s long-term design came under renewed scrutiny on Friday after VanEck CEO Jan van Eck questioned whether the network provides sufficient encryption and privacy during an appearance on CNBC’s “Power Lunch” with anchor Brian Sullivan. Van Eck said the issues drawing attention inside the Bitcoin community go beyond short-term market swings. “There’s something else going…
LoP in the Lok Sabha and Congress leader Rahul Gandhi meets a patient undergoing treatment after alleged consumption of contaminated water, at Bombay Hospital, in Indore. (@INCIndia/X via PTI Photo) NEW DELHI/INDORE: The Leader of the Opposition in the Lok Sabha, Rahul Gandhi, today met the families of the victims who died due to the…
Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloane | Bloomberg | Getty Images Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t…
Solana users could soon swap Singapore dollars (SGD) for U.S. dollars (USD) instantly online, marking the popular high speed blockchain’s first access to digital tokens tied to one of the premier Asian currencies. That’s because, crypto infrastructure firm StraitX said Tuesday, that it’s planning to launch its Singapore dollar stablecoin XSGD and U.S. dollar stablecoin…
