NEW DELHI: The government is set to launch SWAMIH-2 Fund, a Rs 15,000-crore initiative aimed at helping nearly 100,000 middle-class homebuyers complete their stalled housing projects. This follows the success of SWAMIH-1, which has already completed 55,000 dwelling units. The government has allocated Rs 1,500 crore as seed capital in Budget 2025-26 for this purpose.The…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
MUMBAI: Markets regulator Sebi on Wednesday banned Rajesh Mehta, CMD of Rajesh Exports from dealing in the shares of the company till further orders. In its interim order, Sebi also directed Rajesh Exports to cooperate with the regulator’s investigating officer and forensic auditors to look into the books of the company.Sebi’s initial investigations showed that…
NEW DELHI: Amid trade tensions, Union finance minister Nirmala Sitharaman on Sunday sought to address a long pending demand of the commerce department by allowing the sale of goods by eligible manufacturers in special economic zones (SEZs) to domestic tariff area on payment of duty at concessional rates.Sitharaman said that only a prescribed share of…
NEW DELHI: Satyabrata Kumar, former Enforcement Directorate (ED) special director and lead investigator in several high-profile money laundering cases, including those against Nirav Modi, Vijay Mallya and the Mahadev online betting app, has taken voluntary retirement from service (VRS).A 2004-batch Indian Revenue Service (IRS) officer of the Customs and Indirect Taxes cadre, Kumar was posted…
NEW DELHI: Tuesday’s fall in Brent to under $80 a barrel for the first time in three months will allow oil companies to hold pump prices at current levels, while helping govt finances and keeping inflation from rising, provided gains on crude hold.Policymakers are cautious while making any projections, given how the peace talks between…
Cryptocurrency began in part as an answer to the missteps and abuses of banks during the 2008 financial crisis, but despite existing almost two decades and capturing wide attention, the public hasn’t been sold on that point and still favors the traditional financial system for their financial access, according to new polling commissioned by CoinDesk….
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Every fall, a familiar ritual plays out in living rooms across the world. Parents hover over their teenagers’ shoulders, tracking application portals with the vigilance of air traffic controllers. The question that animates these households — where will you go? — is treated as the most consequential of a young person’s life. It is, according…
PM Modi presents Srimad Bhagavad Gita to Russian President Vladimir Putin (IANS photo) NEW DELHI: Prime Minister Narendra Modi presented a set of specially curated gifts to visiting Russian President Vladimir Putin during his two-day trip to India. The gifts showcased India’s culture, craftsmanship, and heritage.They included a Russian edition of the Srimad Bhagavad Gita,…
