Reserve Bank of India on Friday proposed a simpler way to identify large non-banking financial companies (NBFC) for stricter regulation, pegging it to assets of over Rs 1 lakh crore, replacing a complex scoring system. The proposed shift has immediate implications for large financial holding companies. Tata Sons, with a standalone asset size of Rs…
India’s domestic LPG production now meets nearly 60% of the country’s requirement, offering relief as the Middle East war continues to ripple across global energy markets. With the Iran war crossing 40 days, authorities are working to keep fuel supplies steady. One of the measures taken by the Centre is switching from LPG to PNG,…
Two US senators have called for a federal probe into suspicious oil trading activity that took place shortly before major announcements by US President Donald Trump on the Iran conflict, raising concerns about potential insider trading.On Friday (local time), Democratic senators Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island urged the US Commodity…
Shapoor Mistry too calls for public listing SP group chairman Shapoor Mistry, who represents the single largest minority shareholder in the Tata group, on Friday sought a public listing of Tata Sons as a “necessary” step that would secure and unlock value for stakeholders and boost the income of the trusts. The pitch came after…
NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s…
NEW DELHI: As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the West Asia for sourcing oil and gas, ONGC chairman and CEO Arun Kumar Singh said on Friday. India, which…
MUMBAI: Tata Sons chairman N Chandrasekaran on Friday asked Air India employees to focus on cost control, improve services and “stay grounded” in the reality of the challenging situation, while reiterating the group’s continued commitment to the airline. Addressing an employee town hall at the Air India Group’s headquarters in Gurugram, Chandrasekaran said, “While our…
Gold prices traded lower in futures markets on Friday, tracking weak global cues and softer spot demand.Data from the Multi Commodity Exchange (MCX) showed that the June contract fell by Rs 1,363, or 0.89%, to Rs 1,52,071 per 10 grams, with a business turnover of 2,219 lots. Analysts attributed the decline to subdued global trends….
Equity mutual funds saw net inflows surge 56% to Rs 40,450 crore in March, reflecting strong investor participation despite market volatility and geopolitical tensions, PTI reported.The inflow was the highest since July 2025, when equity-oriented funds had attracted Rs 42,702 crore.According to data from the Association of Mutual Funds in India (AMFI), this also marked…
India’s foreign exchange reserves rose by $9.063 billion to $697.121 billion for the week ended April 3, 2026, reversing the decline seen in the previous week, PTI reported.The reserves had dropped by $10.288 billion to $688.058 billion in the week ended March 27.The forex kitty had earlier touched an all-time high of $728.494 billion in…