File photo: Foreign direct investment NEW DELHI: Foreign direct investment has made a strong comeback with inflows rising 67.7% to $11 billion in Aug, while net inflows – after factoring in outward FDI and remittances – were pegged at $3.3 billion as against net outflows of $103 million in Aug 2025.Based on the current trend…
NEW DELHI: One 97 Communications, the parent company that operates the brand Paytm, reported an over 10-fold rise in profit after tax to Rs 225 crore in the Sept quarter (Q2 FY27), from Rs 21 crore a year ago, on a reported basis, marking its sixth consecutive profitable quarter. Operating revenue rose 28% YoY to…
File photo: Cargo ship (representative image) NEW DELHI: Government has extended the facility to provide up to 95% risk coverage for shipments under Resilience & Logistics Intervention for Export Facilitation or relief until March 2027. The extension has been given in view of continued geopolitical disruptions in West Asia and impact on maritime logistics across…
“This Trade Facilitation Portal is a landmark initiative,” said Piyush Goyal The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described…
NEW DELHI: Having received disclosures from 1,100 taxpayers with undisclosed overseas income and assets, the I-T department has nudged select taxpayers with investments in residential and commercial property in the UAE to come clean. The move offers one-time opportunity to disclose foreign assets and income. Source link
Brent crude fell 0.57% to $115.15 a barrel, while WTI slipped 0.43% to $101.32 Oil prices edged lower on Tuesday as fresh diplomatic efforts to ease the US-Israeli war on Iran raised hopes of reduced supply disruptions, although continued attacks on Saudi Arabia kept the global benchmark Brent crude near six-month highs.Brent crude futures fell…
Indian equities are likely to start Tuesday’s session on a weak note, with high crude oil prices and uncertainty over the US Federal Reserve’s policy outlook keeping investors cautious. GIFT Nifty pointed to a lower opening for the Nifty 50 after the Sensex and Nifty gained 0.7% each on Monday, ending a four-session losing streak….
Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as…
MUMBAI: Tata Motors’3.9 billion (Rs 42,561 crore) acquisition of Italian commercial vehicle maker Iveco has cleared a key acceptance threshold, paving the way for the Indian group to take full ownership of the company and delist it within months. The offer secured acceptances representing 87.8% of Iveco’s shares by the close of the tender period…
File photo: SBI chairman CS Setty during a press conference in Mumbai MUMBAI: State Bank of India expects interest rates to rise by 50 basis points in Dec, with chairman C S Setty saying higher rates could affect discretionary consumption credit demand but were unlikely to significantly dent overall credit growth given a 7.1% growth…
