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"business-news"

  • India cannot hold talks on Indus Waters Treaty until terror concerns addressed

    India has suspended the Indus Waters Treaty with Pakistan, demanding action on terrorism and a complete treaty overhaul. Despite Pakistan's repeated outreach, India remains firm. A new study will help India fully use its share of river water
  • India’s capital markets: Gateway to a $5.2 Trillion growth story on the road to Viksit Bharat

    India is now the world's 4th largest stock market, with market cap surging 6x to $5.2T since 2014. The event showcased reforms, tech innovation, and investment opportunities driving this growth
  • Bitcoin introduced into Africa’s largest slum, with risks, rewards

    In Kenya's Kibera slum, residents use Bitcoin for payments, with support from AfriBit Africa. Bitcoin offers low-cost transactions, but its volatility poses risks. While some see it as a path to financial freedom, others worry about overexposure to crypto's instability
  • World’s largest container ship MSC IRINA arrives at Vizhinjam International Seaport

    The MSC IRINA vessel arrived at Vizhinjam at 8 am on June 9, receiving a traditional water salute on arrival
  • Dalmia Cement expects bounce back in growth to 7-8 per cent for cement sector in FY26

    Sector consolidation in the cement industry by the big players is expected to continue as the leading companies are likely to enhance their capacity share to more than 60 per cent in the next two years, said the Dalmia Bharat leadership
  • Lalithaa Jewellery files draft papers with markets regulator Sebi

    Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,700 crore through an Initial Public Offering (IPO)
  • US-China: New disputes emerge ahead of trade talks in London

    US and China will hold trade talks in London amid fresh tensions over semiconductors, rare earths, and student visas. A recent agreement to pause tariffs is at risk as both sides clash over technology limits and new economic measures
  • WWDC 2025: Apple to cover lot of ground around operating system, AI feature upgrades

    Apple is set to unveil major AI and OS upgrades at WWDC 2025. With Apple Intelligence 2.0, deeper Siri integration, and privacy-focused AI, the company aims to reclaim leadership in the AI space and transform smartphone experiences
  • Director General of GST Intelligence closes Rs 32,400 cr GST case against Infosys

    Infosys announced that the GST department has closed tax proceedings related to a Rs 32,403 crore notice for 2017-2022. The case involved IGST under the Reverse Charge Mechanism. With this, the matter is now officially resolved
  • Govt appoints RBI DG T Rabi Sankar as part-time member of 16th Finance Commission

    "The President has appointed T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC)," the ministry said
  • Monthly GST payment form 3B is to become non-editable from July tax period

    In an advisory, GSTN said taxpayers can make changes in declared outward supplies in GSTR-1A before filing their GSTR-3B in the same return period. Such changes will be auto-populated in tax payment form GSTR-3B
  • No move to hike foreign ownership limits in banks now: RBI Governor Sanjay Malhotra

    The RBI allows a single foreign institution to hold 15 per cent in a lender and has made some exceptions like that of CSB Bank, and, recently, Japan’s SMBC
  • Net FDI slows, but repatriation rise reflects maturing economy: RBI Governor

    Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to USD 81 billion in 2024-25, from USD 71.3 billion a year ago. However, net FDI inflows moderated to USD 0.4 billion in 2024-25, from USD 10.1 billion a year ago.
  • Switzerland plans information exchange on crypto assets with India, 73 other countries

    India and Switzerland already have an automatic exchange of information framework in place for bank accounts and other financial assets held by Indians in Switzerland, and vice versa
  • Sebi attaches bank, share, mutual fund holdings of Mehul Choksi to recover Rs 2.1 crore dues

    Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems
  • IndusInd Bank shares rise after RBI signals stability ahead

    Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon
  • Top bankers hail Reserve Bank’s big bang measures to boost financial inclusion

    Top bankers hailed RBI's decision to reduce repo rate by 50 basis points to 5.50 per cent and CRR by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion
  • RBI cuts CRR by steep 1 per cent, to unlock Rs 2.5 lakh crore of bank funds

    RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy
  • Starlink gets licence for satcom services in India

    Starlink is the third company to secure the licence from the Department of Telecom (DoT). DoT sources confirmed that Starlink has indeed received licence, and said they will be granted trial spectrum in 15-20 days of applying for it
  • Very little scope for further policy rate cut: Sanjay Malhotra

    Reserve Bank Governor Sanjay Malhotra on Friday said there is very little scope for rate cut in the current circumstances after the central bank reduced the policy rate by 50 basis points
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