NEW DELHI: The Centre has notified two crucial changes to foreign direct investment rules — the first relating to flows from neighbouring countries such as China and the second allowing up to 100% investment in insurance business — as it seeks to step up inflows amid a weak rupee.Starting May 1, companies with up to…
AI image used for representation purpose Indian equities ended the week on a volatile note, with the Sensex and Nifty witnessing sharp swings and closing lower as uncertainty around the US–Iran conflict kept investors on edge.The impact spilled beyond equities. The rupee slid to record lows near 95 against the US dollar, pressured by surging…
The government on Saturday soothed concerns over fuel availability across the country, assuring that it has taken measures to ensure an uninterrupted supply and has stepped up contingency arrangements across key sectors. This comes as the world’s energy pipeline continues to be disrupted due to the Middle East war, that began back on February 28.In…
What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo…
Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
Spirit Airlines, one of America’s most recognisable low-cost carriers, is ending its journey after more than three decades in the skies, announcing an immediate shutdown. Speaking on Saturday, the airline said that it had begun “an orderly wind-down of our operations, effective immediately,” closing the chapter on a 34-year run that transformed budget travel with…
MUMBAI: Nvidia, the global US-based chip giant that’s at the forefront of the ensuing AI revolution across the world, now has a market capitalisation more than the total market cap of all the companies listed in India. Compared to the company’s valuation of $4.91 trillion during opening trades on Friday, India’s was at $4.88 trillion…
NEW DELHI: Apple’s India business is accelerating across categories, with the company reporting double-digit growth in iPhone, iPad and Mac during its latest quarter. Highlighting the momentum, CEO Tim Cook told analysts during the company’s earnings call that he is “over the moon excited about India,” indicating the market’s growing importance even as global demand…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
MUMBAI: Bank credit growth in FY26 was led by services and retail segments, with non-food credit expanding by Rs 29.2 lakh crore, driven largely by lending to NBFCs, housing, and gold-backed loans, according to sectoral data.Services and personal loans together accounted for over two-thirds of incremental credit. Services saw an addition of Rs 9.7 lakh…