Mutual Fund investments (AI image) The direct plan of the Jio BlackRock Flexicap Fund that opens later this month has a total expense ratio of 0.5%. The fund house claims that its efficient execution processes would lower costs and potentially increase portfolio returns for investors. The logic seems simple: the lower the cost, the higher […]
Digital economy: Coal India explores data centres in closed mines; to boost digital infra, sustainability
Coal India Limited (CIL) is exploring the possibility of setting up data centres in its decommissioned mines, repurposing redundant assets to meet India’s rising demand for digital infrastructure while pushing sustainable development.The state-owned miner has initiated a detailed feasibility study with consultants, officials told PTI. The exercise will include site assessments, a comparative analysis of […]
Hyundai raid fallout, US work visa system hurdles: How Trump’s Made-in-US dream is being paralysed – explained
Trump has expressed his desire to facilitate the training of US workers by bringing in battery plant specialists. (AI image) US President Donald Trump’s ambitious ‘Made-in-USA’ dream is facing hurdles created by his own administration’s actions. The recent immigration raid on a Hyundai-LG Energy Solution battery facility in Georgia is an example of how Trump’s […]
Food security: Smallholder farmers hold key to tackling global food crisis, says ICAR director
Complex challenges facing global agri-food systems require solutions centred on smallholder farmers, the country’s top agricultural research official said as international experts gathered in the capital to deliberate on the future of world food security.Department of Agricultural Research and Education Secretary and ICAR Director General Mangi Lal Jat was addressing DialogueNEXT in India, a two-day […]
Switching to E20 blended fuel: Why are vehicle owners worried? Explained
The government’s rollout of E20, a new ethanol-blended petrol, has sparked panic and confusion across India, the world’s third-largest auto market.Since its nationwide rollout in April, the move has sparked public concern and confusion, with many worried about how it might affect their vehicles and calling for more options in ethanol fuel blends like the […]
PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona
PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company […]
‘US has long benefitted from free trade’: Chinese envoy slams 50% tariffs on India; calls them ‘unfair, unreasonable’
China took aim at the United States on Monday, sharply criticizing its 50% tariffs on Indian imports, calling the move “unfair, unreasonable” and making it clear that Beijing firmly opposes the move.China’s ambassador to India, Xu Feihong said that Washington has long taken advantage of free trade, but is now using it as a weapon.Speaking […]
IPO watch: LG Electronics may launch India arm IPO in October; Rs 15,000-crore issue in works
South Korea’s LG Electronics is gearing up to launch the initial public offering (IPO) of its Indian subsidiary in October, banking sources aware of the matter told ET. The consumer electronics major is planning to raise around Rs 15,000 crore through the share sale, making it the largest IPO of 2025 so far.According to one […]
Infosys buyback plan: Board to consider equity repurchase; company to hold key meeting on September 11
Infosys, India’s second-largest IT services company, on Monday said its board will consider a proposal for the buyback of equity shares on September 11, PTI reported.In a BSE filing, the company said, “…the Board of Directors of Infosys Limited will consider a proposal for buyback of fully paid-up equity shares of the company at its […]
Trade deals: India and EU resume negotiations; Qatar FTA may be announced next month
India is set to accelerate its trade negotiations with many nations as a series of bilateral engagements is lined up this week.Fresh rounds of negotiations with the European Union began today as an EU team arrived in New Delhi and discussions opened formally, sources told ANI.Union commerce and industry minister Piyush Goyal is scheduled to […]