The government sees compressed bio-gas as a domestic solution to LNG. In a bid towards energy security, the Union Cabinet on Thursday approved a Rs 23,731 crore GOBARdhan scheme for bio gas. GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas.The move assumes significance in…
The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India. The Lok Sabha on Thursday cleared the Taxation and Other Laws (Amendment) Bill without discussion as continued sloganeering by Opposition members over several issues disrupted proceedings. Following the passage of the legislation, which also amends the Payment and Settlement…
Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz. The rally followed modest gains on Wednesday, when a…
India faces the prospect of up to 100% Trump tariffs for its Russian crude oil purchases. On August 5, 2025, US President Donald Trump announced 25% penal tariffs on India for its purchase of crude oil from Russia. One year later, India faces the prospect of up to 100% tariffs for its Russian crude oil…
President Donald Trump speaking during an event to announce new tariffs for the first time last year Donald Trump’s administration has refunded about $100 billion in tariffs after the US Supreme Court struck down a broad set of duties imposed under an emergency economic law, court filings show.About 60 per cent of the $166 billion…
Gold is targeting 148,000 and 152,000 as the immediate resistance levels. Gold and silver price prediction today: Gold prices are showing some bullish bias while silver prices are also seeing some recovery, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold has breached from its consolidation…
Dipam secretary said that after offloading 6.5% in LIC, public shareholding in the life insurance major is now at 10% level, MUMBAI: The government has mobilised Rs 31,552 crore by divesting a 6.5% stake in life insurance major LIC through the offer for sale (OFS) that closed on Wednesday. Compared to 82.2 crore shares that…
In the past, RBI officials have supported fees at least for large transactions MUMBAI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions through the broader economy even if merchant fees are not explicitly charged.Responding to questions at a press conference on enabling merchant fees on UPI, Malhotra said it was…
Indian benchmark indices opened higher on Thursday, extending gains after the RBI kept interest rates unchanged in its latest monetary policy review. The BSE Sensex opened at 78,782.43, up 201.43 points (0.26%) from its previous close of 78,581, while the NSE Nifty 50 opened at 24,641, gaining 16.35 points (0.07%) from its previous close of…
Sebi insists on creating better awareness among investing community in a meeting with brokers MUMBAI: Faced with teething troubles with the Closing Auction Session (CAS), officials at markets regulator Sebi on Wednesday interacted with representatives from large broking houses to understand the problems and asked them to make investors aware of the system. CAS is…
The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….
RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Airtel Money has now achieved meaningful scale with Q1 revenue of over $400 million, growing at 26% year-on-year in constant currency terms NEW DELHI: Airtel Money is preparing for a London listing in the second half of 2026, Bharti Airtel executive VC Gopal Vittal said on Wednesday. Airtel Money is a mobile commerce service that…
Oil prices edged lower as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal NEW DELHI: Oil prices edged lower on Thursday as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal, potentially ending the five-month conflict and reopening the Strait…
Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer – these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management. The expert has also shared outlook on Nifty50 and Bank Nifty: Stock recommendations Ambuja Cements…
Kumar described governance risks as isolated and manageable events rather than structural failures MUMBAI: HDFC Bank’s newly appointed chairman Rajiv Kumar said the lender’s corporate governance remains fundamentally uncompromised, while asserting that the board will ensure control functions stay fully empowered with zero tolerance for unethical practices.Addressing leadership changes and external scrutiny after the exit…
The shake-up comes during a pivotal juncture for Google DeepMind: the flagship version of its latest Gemini model remains unreleased Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and as several leaders of its Gemini model, including veteran engineer…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
RBI Governor Sanjay Malhotra addresses a press conference on Monetary Policy Statement and Post-Monetary Policy, in Mumbai, Maharashtra. (@reservebankofindia593/Yt via PTI Photo)(PTI08_05_2026_000027B) MUMBAI: RBI governor Sanjay Malhotra said inflows from the special FCNR(B) deposit scheme for non-residents will have a temporary and limited impact on liquidity, with surplus conditions expected to ease after peaking around…
