Prime Minister Narendra Modi’s visit to Haryana, Chandigarh and Punjab on Friday will see the rollout of development projects worth over Rs 24,800 crore, spanning highways, railways, healthcare and education. The itinerary includes the flagging off of India’s first hydrogen-powered train, alongside the inauguration of completed projects and the laying of foundation stones for new…
Silver rate today: Silver, platinum and palladium see sharper declines The weakness in precious metals extended well beyond gold, with silver and platinum group metals posting even steeper losses. Spot silver dropped 3.6% to $55.68 per ounce, while platinum fell 3.1% and palladium declined 4.1%. The broad-based sell-off reflected growing concerns that higher interest rates…
Escalating military tensions between the United States and Iran continued to lift oil prices on Friday, putting crude benchmarks on track for their biggest weekly gains in three months as markets assessed the risk of further supply disruptions in the Middle East.Around 7 am IST, Brent crude was trading at $85.34 a barrel, up $1.11,…
Representative image (File photo) MUMBAI: RBI has barred defaulting borrowers from buying back properties acquired by lenders to satisfy a defaulter’s debt, tightening norms for resolution of stressed accounts under its new directions effective Oct 1, 2026.Defaulters and their related parties, as defined under the Insolvency and Bankruptcy Code, 2016, cannot repurchase such assets from…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: The Centre is planning to use new tools to enhance liquidity for micro, small and medium enterprises (MSMEs) and will move amendments…
NEW DELHI: Rising fuel prices and increased consumer interest in electric mobility have prompted JSW MG Motor India to double down on its new-energy vehicle strategy. Managing director Anurag Mehrotra said passenger vehicle EV penetration, which had slipped below 4% at the start of 2026, crossed 8% in June as higher fuel costs and growing…
NEW DELHI: Carmakers may soon have a new way to meet India’s fuel efficiency norms without relying solely on electrification, with the Centre proposing to reward a range of fuel-saving technologies under the draft Corporate Average Fuel Economy (CAFE)-III regulations.The draft norms, released by the power ministry for stakeholder consultation, have proposed to allow manufacturers…
Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals.The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business that can better compete with Just Eat, owned…
MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned…
US stocks today: Shares of computer chip manufacturers and other companies that have benefited from the artificial intelligence boom came under renewed selling pressure on Thursday, dragging equity markets lower across the world. At the same time, oil prices continued to move higher amid the ongoing conflict with Iran.The S&P 500 declined 0.4%, a day…