Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs), […]
Ahmedabad-Mumbai Bullet Train Project: Made-in-India bullet train to run on Ahmedabad-Mumbai route in 2027
Revised Cost Estimate Under Sanction: Govt NEW DELHI: Now it’s official that railways will run B28, the bullet train being manufactured in India, on the first stretch of Ahmedabad-Mumbai bullet train project that is scheduled to be operational in Aug 2027. The railway ministry informed a parliamentary panel that the national transporter has decided to […]
India supplying diesel to Bangladesh under trade agreement
NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been […]
Government assures fertiliser plants of 70% LNG supply
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous […]
Cabinet clears Rs 4,474 crore multitracking railway projects in West Bengal, Jharkhand
Cabinet on Tuesday approved two railway multitracking projects worth Rs 4,474 crore in West Bengal and Jharkhand, aimed at easing congestion and strengthening freight and passenger movement across key routes in eastern India.The projects, Sainthia–Pakur 4th line and Santragachi–Kharagpur 4th line, were cleared by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra […]
‘What happened in Dec should not have, ‘ says Rahul Bhatia; Indigo CEO Elbers quits
New Delhi: IndiGo CEO Pieter Elbers has resigned from the airline with immediate effect, following the airline’s unprecedented schedule collapse last December that had left lakhs of passengers stranded across airports. Airline founder & MD Rahul Bhatia will “in the interim assume management of the affairs of the company,” IndiGo parent InterGlobe Enterprises said in […]
RBI dividend norms: Banks can pay up to 75% of profits as payout from FY27
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances […]
US stocks today: Dow slips 250 points, S&P 500 dips as Wall Street watches Iran war outlook
US stocks edged lower on Tuesday as investors remained cautious amid uncertainty over how long the war with Iran may last and whether oil prices will stabilise after recent sharp swings.The S&P 500 slipped 0.4% in morning trading, while the Dow Jones Industrial Average fell about 250 points, or 0.5%, as of 10 a.m. Eastern […]
Freight pricing scrutiny: Govt asks shipping lines to avoid ‘predatory’ charges amid Middle East crisis
The government has asked shipping companies, vessel operators and their agents to refrain from “predatory, non-transparent and opportunistic pricing” practices as freight costs rise sharply amid disruptions caused by the ongoing conflict in West Asia, PTI reported citing sources.The advisory was issued by the Directorate General of Shipping (DGS) on Monday after the regulator received […]
LPG supply crunch hit restaurants threatening closures
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already […]