Union Minister of Commerce and Industry Piyush Goyal NEW DELHI: Amid growing fears of protectionism in the US, commerce and industry minister Piyush Goyal said on Thursday that American President-elect Donald Trump is a “friend of India” and he expected bilateral relations to only blossom and grow further.“We need not jump the gun. We should…
MUMBAI: Sebi on Thursday allowed an alternate bourse to act as a fall-back option for investors to trade in case of a system outage on one. In effect, if there is a trading system failure on BSE, NSE could act as the alternate trading platform for investors to trade. The reverse is also true: A…
MUMBAI: New-age companies headed for public markets next year may have to temper their valuation expectations and reassess the timing of their IPOs as geopolitical uncertainties and other external factors risk weighing on broader investor sentiment. Zepto, PhysicsWallah and OfBusiness are among startups eyeing a public debut in 2025. Besides, public issues of companies like…
NEW DELHI: The revival of Air India, “the Everest of corporate turnarounds”, is “not a T20 match but a five-day one currently at lunch on day three”. That’s how Air India MD & CEO Campbell Wilson on Thursday described the Tata Group‘s mammoth task at hand with the Maharaja, weeks after merging erstwhile Vistara and…
NEW DELHI: Google’s regulatory problems in India are compounding. After facing stiff penalties by the Competition Commission of India (CCI) over abuse of dominant position with regards to its Play Store and the Android mobile device ecosystem in 2022, the US tech giant now faces another investigation by the fairplay regulator over a complaint filed…
MUMBAI: Foreign investors, who earlier this week had turned net buyers of Indian stocks after nearly two months, sold aggressively on Thursday to pull the sensex down by 1,190 points to 79,044. Except for SBI that closed marginally higher, all 30 sensex constituents closed in the red. The day’s selling left investors poorer by Rs…
NEW DELHI: Integrated diagnostic chain Suraksha Diagnostic Ltd on Thursday said it has mobilised Rs 254 crore from anchor investors, a day before opening of its initial share-sale for public subscription. The top anchor investors in the IPO included Nippon India Mutual Fund, Kotak MF, Aditya Birla Sun Life MF, Quant MF and Carnelian Bharat…
MUMBAI: DBS India has launched an enhanced wealth management offering, providing Indian customers with unified access to cross-border treasury services across key Asian markets, including Singapore, Hong Kong, Taiwan, Indonesia, and China. This offering targets high-net-worth individuals (HNIs) and non-resident Indians (NRIs) in India and abroad. The bank also announced the launch of a digital…
Bullet train: The train sets will feature modern amenities, including aerodynamic exteriors, sealed gangways. (AI image) ‘Make in India’ bullet trains soon! Indian Railways’ Integral Coach Factory in Chennai is collaborating with BEML to design and manufacture high-speed train sets capable of reaching 280 kmph! Railway Minister Ashwini Vaishnaw told Parliament on Wednesday that after…
Throughout this consolidation phase, the Nifty has shown strong resilience. (AI image) Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Thursday. While BSE Sensex tanked over 1,300 points, Nifty50 went below 24,000. BSE Sensex ended the day at 79,043.74, down 1,190 points or 1.48%. Nifty50 closed…
