Business

Union finance minister Nirmala Sitharaman on Friday said externally aided projects (EAPs) should not be seen merely as financing tools but as instruments to help local products from the Northeast access global markets, strengthen livelihoods and turn the region’s geographical challenges into economic opportunities.Chairing a conference on “Leveraging externally aided projects in the northeastern states”,…

The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…

As Jio Platforms moves ahead with what could become India’s largest-ever IPO, the company has flagged a wide range of risks spanning spectrum renewals, cybersecurity threats, artificial intelligence regulations, data privacy rules and intensifying competition that could affect its future growth and profitability.The digital services arm of Reliance Industries, led by billionaire Mukesh Ambani, filed…

The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…

SBI Mutual Fund, the country’s largest asset management company, has received Sebi’s approval for its proposed initial public offering, clearing the way for a share sale estimated at around Rs 13,000 crore, PTI reported citing a person familiar with the development.The IPO, for which draft papers were filed in March, is entirely an offer for…

India’s foreign exchange reserves recorded their steepest weekly decline in months, falling by $9.985 billion to $671.625 billion in the week ended June 12, mainly due to a sharp drop in gold reserves, according to RBI data released on Friday.The country’s forex reserves had declined by $711 million in the previous reporting week to $681.610…

Market regulator Sebi on Friday approved a raft of proposals, including the reintroduction of open market share buybacks through stock exchanges, relaxation of intra-day borrowing norms for mutual funds and a faster fundraising mechanism for alternative investment funds (AIFs), PTI reported.The decisions were taken at the regulator’s board meeting, which also cleared measures to simplify…

Experts warn against panic selling, emphasizing the need to maintain investment discipline. (AI image) The US-Iran war has not just hit portfolios of Indian investors, it has also led to record outflows, and fewer inflows in equities. One big sign of the impact of the ongoing uncertainty has been a jarring figure from May 2026…

India has launched an anti-dumping investigation into imports of Resorcinol, a key chemical used in tyres, rubber products and industrial applications, from China and Japan following allegations that low-priced shipments are hurting domestic manufacturers, PTI reported.The probe was initiated by the Directorate General of Trade Remedies (DGTR) after a complaint filed by Atul Ltd, which…

Andhra Pradesh is set to become India’s leading gold supplier, with significant reserves identified in Kurnool district. Jonnagiri village alone is estimated to hold 50 tonnes of gold. Commercial production has commenced, and further exploration is expected to boost reserves. The state aims to leverage private investment for this substantial mining endeavor. Source link