File photo: Jio Platforms Managing Director Akash Ambani, Jio Platforms Limited Non-Executive Directors Nita Ambani, Mukesh Ambani, Anant Ambani and Isha Ambani during the bell-ringing ceremony on the day of the listing of company during its IPO, at the National Stock Exchange (NSE) in Mumbai. MUMBAI: Jio Platforms, the telecoms-to-technology arm of the RIL group,…
US Fed holds interest rates at 3.75%-4% as inflation persists, signals scope for further hikes The US Federal Reserve held interest rates unchanged at 3.75%-4% in a 10-2 vote, as policymakers weighed persistent inflation against a resilient economy and waited for further data before deciding their next move. The decision came ahead of next week’s…
Festivals come around at the same time every year, yet festive expenses are often managed at the last minute. (Image for representative purpose only) By Adhil ShettyEvery festive season, Indian households spend with a sense of optimism. Dussehra, Dhanteras and Diwali bring celebrations, family gatherings and, for many, the biggest purchases of the year. Spending…
First-time buyers from Tier 2 and Tier 3 cities grew 351% between FY22 and FY26, outpacing overall growth in each of the four years. Their share of new buyers rose to 67% in FY26 from 56% in FY22. MUMBAI: First-time health insurance buyers on Policybazaar increased 277% to nearly 18 lakhs between FY22 and FY26,…
Government has identified around 120 products for a domestic manufacturing push to cut import dependence (AI-generated image) NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions…
Benchmark stock index Sensex fell by 352 points and Nifty closed below 22,700, dragged down by selling in IT shares and blue-chip Reliance Industries amid rising crude oil prices and caution ahead of the US Federal Reserve’s policy decision. The 30-share BSE Sensex opened lower and tanked 995 points to the day’s low of 72,603.57…
NEW DELHI: Following up on GST Council decisions, Central Board of Indirect Taxes and Customs has issued over half a dozen detailed circulars on steps to reduce litigation and appeals, issuing show cause notices to taxpayers and speeding up registrations and changes that businesses need to make. In addition, it has sought to address concerns…
Advent Raises $30 Billion for Top Private Equity Pool of 2026 BENGALURU: Global private equity investor Advent International has raised $30 billion across its funds, including nearly $27 billion for its 11th flagship fund and more than $3 billion for a new mid-market strategy, expanding its investment capabilities and international presence. Advent International GPE XI…
Preferential Trade Agreement talks aim to deepen trade and investment ties NEW DELHI: India and Mexico have begun negotiations for a Preferential Trade Agreement (PTA), as both countries signing the Terms of Reference to set the scope and roadmap for discussions. The proposed agreement aims to expand bilateral trade, encourage investment, create business opportunities and…
NSE Nifty50 suffers worst year in a decade NEW DELHI: Dalal Street is having a rough ride in 2026, with the Nifty50 falling 13% this year. The fall may tempt investors to buy stocks at lower prices, but is it the right time to jump in?According to Thyagesh Baba, non-executive director at Spark Capital Advisors,…
