India crossed 300 GW of non-fossil fuel-based installed power generation capacity as of July 31 (representative image) India has crossed 300 GW of installed non-fossil fuel-based electricity generation capacity, reaching more than 60 per cent of its target of 500 GW by 2030, according to the ministry of new and renewable energy.As of July 31,…
Where India can look if US duties hit 100% The US is planning to slap a 100% tariff on Russian crude customers, and concerns are rising over India’s next move.The Trump administration’s green signal for imposing the hefty duty on countries buying Russian crude has raised concerns over India’s exports. However, economist SP Sharma said…
What will guide Dalal Street this week? After ending the previous week in green, Dalal Street is set to take cues from a mix of global geopolitical developments and key domestic economic indicators in the upcoming trading sessions. This week, investors will closely watch crude oil prices, developments around the Strait of Hormuz and inflation…
Government weighs higher FDI approval limit to ease investment process (representative image) The government is considering raising the threshold for foreign direct investment (FDI) proposals requiring approval from the Cabinet Committee on Economic Affairs (CCEA) to Rs 15,000 crore from the current Rs 5,000 crore, in a move aimed at further improving India’s investment climate,…
AI generated image, used only for representational purpose India’s economic momentum is set to have domestic strength on its side in 2026-27, but global risks may keep the pressure on.In its annual report 2025-26, the Securities and Exchange Board of India (Sebi) said that resilient economic fundamentals are expected to support financial markets, while geopolitical…
American multinational conglomerate Berkshire Hathaway reported stronger-than-expected second-quarter results, with operating profit, revenue and net income rising, while its massive cash pile fell as the company stepped up stock purchases and buybacks.Operating profit rose 16 per cent year-on-year to $12.98 billion, beating analyst expectations, reported Reuters. Revenue increased 10 per cent to $101.81 billion, while…
Kavach acts as a shield for train operations. Essentially it is an Automatic Train Protection (ATP) system which has been indigenously designed. Can a train stop itself before it meets with an accident? For decades, railway safety has relied largely on human judgement. Today, Indian Railways’ homegrown Kavach is helping put advanced world-class signalling technology…
Outstanding NBFC loans against gold jewellery rose 69.3% year-on-year to Rs 3.41 lakh crore at the end of June 2026 (representative image) Loans against gold jewellery by non-banking financial companies (NBFCs) continued to expand sharply in June, growing nearly 70% year-on-year, according to Reserve Bank of India (RBI) data.Outstanding NBFC loans against gold jewellery rose…
The model treaty provisions require foreign investors to exhaust domestic legal remedies for five years before seeking international arbitration to resolve disputes. NEW DELHI: After years of discussion, government has finally got down to reviewing the model bilateral investment treaty (BIT), often cited as a roadblock to attracting investments.“The BIT is under review, and we…
The regulatory push is also being reinforced by changing consumer behaviour and a growing social media influence. NEW DELHI/BANGALORE: Atta, paneer, tea, juices, biscuits, ghee, honey, chocolates, energy drinks — the list of daily consumption items facing regulatory glare is growing, and so is the pressure on consumer goods companies. The scrutiny is not limited…
For nearly 10 years, banks, payment companies, fintechs, NPCI and RBI have collectively invested in technology, cybersecurity, fraud prevention, innovation and customer support The government’s move to lift the legal restriction on banks and platforms from imposing a charge or merchant discount rate (MDR) on UPI transactions, hitherto free, has generated a lot of debate…
India recorded 83,100 AI-related hires during the period, compared with 31,921 layoffs and attrition, according to the report released Friday. India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.The…
The move will enable banks to earn a decent spread by deploying funds raised from FCNR(B) deposits where the yields are around 7%. MUMBAI: RBI has exempted advances against fresh FCNR(B) and NRE term deposits from priority sector lending calculations, completing a three-part policy push to boost foreign currency inflows and ease compliance burdens for…
In a filing dated Aug 7, Religare said RBI, in a communication dated Aug 6, informed the company that its application seeking no-objection or prior approval for the scheme “has been examined and that the request has not been acceded to” MUMBAI: Religare Enterprises’ proposed demerger of its financial services business into Religare Finvest has…
For its low-priced packs, Britannia has largely relied on shrinkflation, keeping the retail price unchanged while reducing the quantity in each pack. BENGALURU: Britannia Industries may implement another 1.5-2% price increase next quarter, largely through “shrinkflation” in its Rs 5 and Rs 10 packs, as higher sugar, palm oil and fuel costs continue to weigh…
The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said. NEW DELHI: Hindalco Industries on Friday said its net profit rose over 75% year-on-year to Rs 7,013 crore in Q1FY27, backed by strong performance across all business segments. The…
Bajaj Finance was down 5.9% and Bajaj Finserv was down 4.2%. MUMBAI: Reserve Bank of India’s proposal to bar finance companies from offering revolving credit facilities took a toll on shares of non-banking finance companies with Bajaj Finance and Bajaj Finserv together losing nearly Rs 55,000 crore in market cap. Bajaj Finance was down 5.9%…
The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal. NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had…
The unemployment rate dipped to 4.1% only because Americans left the job market US employers unexpectedly cut 23,000 jobs last month, and labour department revisions shaved 1,03,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Local public schools cut 50,000 jobs in July,…
According to NPCI data, State Bank of India recorded 631.6 crore UPI transactions in June 2026. Of these, only 2.3 crore transactions were carried out through its own apps MUMBAI: State Bank of India chairman CS Setty on Friday said it is not possible to quantify the increase in operating costs due to UPI causing…
