MUMBAI: After months of sluggishness, demand recovery is in sight for consumer goods companies, partly helped by GST cuts which drove down prices of a host of household essentials and left more money in the hands of shoppers. There have been some initial signs of revival on the ground already, firms said in their recent…
NEW DELHI: Reliance Industries Limited (RIL) has entered into a binding long-term supply and purchase agreement (SPA), valued at over $3 billion, with Samsung C&T Corporation, for the supply of green ammonia over a 15-year period starting in second half of 2028-29. Source link
MUMBAI: Even as major banks are revising upward their projections for corporate credit growth, rating agency Icra has said that corporate lending is yet to see a meaningful revival. “Corporate credit is very difficult to call out, whether it will go up or not. There appears to be some uptake in the second quarter. Whether…
Representative image (AI-generated) NEW DELHI: Banks in Nagaland and Arunachal Pradesh are closed on Monday to mark two state-specific holidays — State Inauguration Day and Indigenous Faith Day. Banks in all other states are operating as usual.Bank holidays in India vary by state, depending on local festivals and observances. The Reserve Bank of India (RBI)…
Markets regulator Sebi has introduced a single-window access framework for low-risk foreign investors, aiming to simplify regulatory processes and make India a more attractive investment destination, according to PTI. The new system is designed to streamline compliance, ease multiple registrations and reduce repetitive documentation across investment routes.Called the Single Window Automatic & Generalised Access for…
NEW DELHI: A Delhi court on Wednesday acquitted three accused in a 2009 acid attack case, citing a lack of evidence, 16 years after charges of criminal conspiracy were framed against them.Additional Sessions Judge Jagmohan Singh acquitted the trio — Yashvinder, his wife Bala, and Mandeep Mann — who were accused of conspiring with another…
Nomura Holdings said it will tighten risk controls at Laser Digital, its crypto unit, after losses in the business contributed to the company’s 9.7% decline in fiscal third-quarter profit, Bloomberg reported. During an earnings briefing on Friday, Nomura CEO Hiroyuki Moriuchi said the company implemented stricter position management to reduce risk exposure and limit earnings…
Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…
US President Donald Trump has claimed that his sweeping tariff policies have created an “American economic miracle”, dismissing warnings of global fallout and asserting that critics of his trade strategy “were all wrong”.In an opinion piece published in The Wall Street Journal, Trump said the tariffs he imposed on nearly all foreign countries last April…
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for…
