JM Financial Credit Solutions Ltd (JMFCSL), a wholly-owned subsidiary of JM Financial, will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore.In a regulatory filing on Sunday, JM Financial said JMFCSL has signed an investment agreement with Bajaj Allianz Life to sell 1.36 crore equity […]
Crop insurance boost: Agriculture minister Shivraj Singh Chouhan to transfer Rs 3,200 cr PMFBY claims on Monday; new rules bring faster payouts
Agriculture minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims on Monday under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The transfer will take place during an event in Jhunjhunu, Rajasthan, attended by Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath […]
Aviation market: India is ‘interesting’ and key to growth, says Malaysia Airlines; aims to be core service link without domestic JV
Malaysia Airlines Berhad sees India as an “interesting” and high-potential market and wants to be accepted as one of the country’s core service providers connecting it to the rest of the world, Group Managing Director of Malaysia Aviation Group Berhad, Izham bin Ismail has said.The Southeast Asian premium carrier, headquartered in Kuala Lumpur, operates 77 […]
Gold rate outlook: Gold may extend rally amid macroeconomic uncertainty; analysts flag tariffs, central bank buying as key drivers
Gold prices are poised to extend gains in the coming week as macroeconomic uncertainty, trade tensions and central bank buying continue to fuel investor demand, analysts said.Traders will track a string of key economic data releases, including GDP figures from the UK and EU, and US Core PPI and Core CPI data. Speeches from US […]
Policy dilemma: ‘We need to think hard’ on whether Russian oil imports are worth it; Nobel laureate Abhijit Banerjee links issue to US tariff removal
Nobel laureate Abhijit Banerjee has said India should reassess whether importing cheap oil from Russia is “worth it” after the Trump administration imposed an additional 25 per cent tariff on Indian goods, taking the total levy to 50 per cent — one of the highest by the US on any country.The latest tariff hike, signed […]
CII’s land reforms pitch: Industrial body calls for GST-like Council, uniform stamp duty; integrated land authorities and digitization also proposed to boost investment
The Confederation of Indian Industry (CII) has proposed a series of comprehensive land reforms to bolster India’s position as a global manufacturing hub. Key among these proposals is the creation of a GST-like Council to facilitate coordinated and consensus-based land reforms across the country. CII suggests standardizing stamp duty rates to a uniform 3 to […]
D-Street set for a stormy week? Tariffs, Q1 earnings, inflation data in focus— Analysts weigh in on likely stock market trajectory
Stock markets are set for another potentially turbulent week in the wake of Us tariff impact, q1 earnings and inflation data expected this week. This week’s trading would only span across days; Friday being an holiday on account of Independence Day. In the upcoming week, investors will be focusing on India’s Consumer Price Index (CPI) […]
India’s trade ties expansion: 5 major FTAs signed in five years; more deals in progress, says MoS Commerce & Industry
Over the last five years, India has expanded its international trade relationships by signing five major Free Trade Agreements (FTAs) whilst progressing with several new negotiations, as detailed in Minister of State for Commerce and Industry Jitin Prasada‘s written response to the Rajya Sabha.The Minister provided this information in response to Congress member Jebi Mather […]
Market valuation: Mcap of six of top 10 firms tumbles by Rs 1.36 lakh crore; Reliance takes biggest hit
NEW DELHI: Six of the country’s 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with Reliance Industries suffering the steepest loss. The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while […]
PM Modi to inaugurate Bengaluru Yellow Line metro today: Route length, cost, stations & more — 10 key things to know about the project
Yellow Line of Namma Metro to be inaugurated by Prime Minister Narendra Modi (PTI photo) NEW DELHI: Prime Minister Narendra Modi will inaugurate the Yellow Line of Bengaluru’s Namma Metro on Sunday, marking a major expansion of the city’s mass transit system. The 19-km corridor from RV Road (Ragigudda) to Bommasandra under Phase-2 will link […]