MUMBAI: The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), aiming to reduce timelines and facilitate quicker deployment of capital. Under the revised framework, AIFs—excluding large value funds for accredited investors (LVFs)—will be allowed...
Saudi Arabia and the United Arab Emirates sharply ramped up crude supplies to India in April, leveraging alternative routes to bypass the Strait of Hormuz disruption, even as traditional suppliers dropped out and Russian imports cooled, according to Kpler data. Saudi shipments rose about 23% month-on-month to 704,000 barrels...
NEW DELHI: The tweaks in the rules governing Foreign Direct Investment (FDI) from countries sharing land borders with India would soon be notified by the Department of Economic Affairs (DEA) and once that is done many of the investment proposals would go without prior approval, a senior official said...
NEW DELHI: In a puzzling development amid concerns about the impact of the war in West Asia, India’s outgoing factory output metric, the Index of Industrial Production (IIP), hit a series high in March, even as year-on-year output growth eased to a five-month low of 4.1 per cent, down...
VISAKHAPATNAM: Around 30 kilometres from Visakhapatnam, the village of Tarluvada sits quietly amid the green stretches of the Eastern Ghats, flanked by paddy fields and mango orchards. On Tuesday, this agrarian landscape became the site of one of India’s most ambitious technology infrastructure announcements, as Google initiated work on...
NEW DELHI/DUBAI: The United Arab Emirates on Tuesday announced that it will exit both the 12-member Organization of the Petroleum Exporting Countries (Opec) and the broader 22-member Opec+ alliance, which includes Russia, marking one of the most significant fractures in the oil producers’ bloc in recent years. The decision...
NEW DELHI: For the better part of India’s food service history, a restaurant’s address was its destiny. Success was less a matter of culinary merit than a hostage of real estate. If you lacked the high-street frontage or the corner-plot visibility, you simply didn’t exist in the wider market....
NEW DELHI: The Centre is planning to infuse ₹8,097 crore as equity capital into the ailing Rashtriya Ispat Nigam Limited (RINL) to keep it operational, marking its second rescue package in as many years, sources said. The privatisation plan for RINL — also known as Vizag Steel — has...
NEW DELHI: India and New Zealand on Monday signed a comprehensive free-trade agreement (FTA), which will come into effect by the end of the year. Under the deal, India will gain 100 per cent duty-free market access, a $20 billion foreign direct investment (FDI) commitment over 15 years, and...
MUMBAI: The threshold for applying a 150 per cent risk weight on unrated exposures to corporates and non-banking financial companies (NBFCs) has been raised to ₹500 crore from the ₹200 crore proposed earlier, according to the final directions on Basel III capital charge for credit risk under the standardised...
NEW DELHI: India’s top IT services companies are beginning to face a clear shift as artificial intelligence starts to push down the value of their traditional business. Executives across the sector say AI-led efficiencies are compressing deal sizes and lowering billing rates, even though overall demand for technology services...
NEW DELHI: West Asia’s instability and the economic shock from higher energy prices have to be offset through gains in productivity and competitiveness elsewhere in the economy, said Chief Economic Adviser V Anantha Nageswaran on Monday. Nageswaran said the fiscal and inflationary consequences of energy disruptions fall hardest on...
NEW DELHI: Registrations on the labour ministry’s National Career Service (NCS) portal fell significantly in 2025-26 (FY26) across categories, according to data from the Ministry of Labour and Employment. The NCS portal, the government’s digital platform connecting jobseekers and employers, receives registrations from jobseekers, employers, government departments, placement organisers,...
PUNE: Domestic consumption is sustaining the growth momentum in the economy, and predictable policy support is essential to ensure that the pace of GDP expansion continues, Union Finance Minister Nirmala Sitharaman said on Friday. Speaking at an event organised by SBI here, Sitharaman also said that a committee of...
CHENNAI: India’s real estate sector recorded a total of 32 mergers & acquisitions and private equity deals worth US$763 million in the January to March period in 2026 against 26 in Q4 2025, a rise of 23% quarter-on-quarter. Though this quarter reported second highest M&A and PE deals in...
MUMBAI: The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank (PB), citing that the conduct of founder Vijay Shekhar Sharma and the entity owned by One97 Communications was detrimental to depositors’ interests. The action was taken under Section 22(4) of the Banking Regulation...
NEW DELHI: India and New Zealand will sign the Free Trade Agreement (FTA) on Monday that will entail a $20 billion investment commitment by the island country in India over the next 15 years along with zero-duty access for New Delhi in all key export sectors. “We will sign...
If you are sending money abroad to a non-resident individual (NRI) or the NRI is remitting funds abroad, the compliance process has changed a bit. However, the changes are largely surface-level, and the core requirements remain the same. The only practical change is that Forms 15CA and 15CB have...