In a significant development for the Indian financial markets, the net inflow of foreign portfolio investors (FPI) into the Indian primary market has reached a seven-month high of $1.7 billion (Rs 14,247 crore). This surge comes amid a buoyant period for initial public offerings (IPOs). The last time FPIs invested such a substantial amount was […]
IPO-bound Arcil eyes retail loans as corp NPAs dry up
Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer document filed with Sebi.The company has said it is setting up a digital platform that will allow defaulting retail borrowers to submit settlement offers and […]
Government willing to aid exports, but subsidies not on table
NEW DELHI: Amid a clamour for succour after Trump’s tariff announcement, govt has ruled out demands for subsidy, but suggested it is open to “innovative ways” to help industry beat the crisis.The message was delivered by commerce and industry minister Piyush Goyal during his meetings with some of the industry representatives in Mumbai over the […]
Donald Trump tariffs: US advisor rules out talks; says rates are ‘pretty much set’
US President Donald Trump’s trade advisor Jamieson Greer has said the new American tariff rates are “pretty much set” with limited scope for negotiation, defending the Trump administration’s latest round of levies, including harsh duties on Brazil.In a pre-recorded interview aired on CBS’s Face the Nation on Sunday, US trade representative Greer said the rates […]
Technical snag: Air India cancels Singapore-Chennai flight; offers refunds and hotel stay
Air India on Sunday cancelled its Singapore to Chennai flight AI349 following a technical issue that required extended maintenance work. The flight, scheduled to be operated using an Airbus A321, was grounded after a pre-departure check flagged the problem.In a statement issued on Sunday, the airline said, “Flight AI349 scheduled to operate from Singapore to […]
Monetary policy: RBI likely to hold repo rate at 5.5% amid growth concerns, subdued inflation – Experts
The Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary policy review on August 6, following three consecutive rate cuts totalling 100 basis points. The central bank’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, will begin its three-day deliberations on Monday.While inflation remains […]
Hiring growth in India: Global IT firms like Google, Meta ramp up recruitment while TCS, Infosys and more domestic majors slow down; AI, cloud drive shift
Even as India’s top IT services companies tighten their workforce, global tech giants are ramping up hiring across their Indian operations. The collective employee base of the FAAMNG group- Meta, Amazon, Apple, Microsoft, Netflix, and Google- grew by 16 per cent in India over the past 12 months, adding more than 28,000 net new jobs, […]
India’s US crude oil imports surge over 50% in first half of 2025; LNG, LPG trade also expands: Report
India has significantly ramped up its crude oil imports from the United States during President Donald Trump’s second term, marking a major shift in its energy sourcing strategy, according to official trade data, reported ANI- quoting sources. Imports of US crude rose over 50 per cent in the first half of 2025 compared to the […]
For uninsured vehicles, road minister moots steep hike in penalties
NEW DELHI: In a bid to address the longstanding confusion over speed limits, the road transport ministry has proposed that the Centre set the speed limits for NHs and expressways while states can do so for state highways and other roads. In a slew of amendments to the Motor Vehicles Act, the ministry has also […]
Trump’s tariff reset: From Canada to Laos, even dealmakers face higher costs as legal fight brews; US allies & rivals hit with steep import taxes
US President Donald Trump’s sweeping new tariff regime, set to take effect August 7, has triggered a wave of economic disruption across the globe, from low-income nations like Laos and Algeria to wealthy trade partners such as Canada and Switzerland.Under the new policy, countries face steep new import duties unless they agree to revised trade […]