Business

NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since…

Peyush Bansal, CEO, Lenskart MUMBAI: Lenskart is looking to build a war chest for AI investments by tapping public markets as the technology is rapidly changing the way people shop, transact and consume. The SoftBank-backed startup is set for a debut on Dalal Street on Nov 10, joining new age peers such as Urban Company…

Silver prices fell sharply on Monday as hopes of a US-China trade deal and a stronger dollar reduced demand for safe-haven metals.On the Multi Commodity Exchange (MCX), silver futures for December delivery dropped by Rs 1,964, or 1.33 per cent, to Rs 1,45,506 per kilogram in a business turnover of 20,367 lots. The white metal…

NEW DELHI: The Supreme Court’s ruling on the telecom AGR matter empowers the Union Cabinet to review the entire gamut of issues related to the recovery of thousands of crores of rupees from the beleaguered Vodafone Idea when it comes to demands of duplicate payments, double counting, interest, and penalty on interest. Estimates put the…

NEW DELHI: India’s largest oil refiner and fuel retailer, IndianOil, on Monday said it will comply with international sanctions, without referring to the latest US curbs on Rosneft and Lukoil — two of the largest Russian crude exporters.“We will abide by all sanctions imposed by the international community,” company chairman Arvinder Singh Sahney said but…

US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) NEW DELHI: India’s oil imports from the US has risen to their highest level since 2022 in October, underlining bargain hunting by Indian refiners rather than a structural shift amid Washington’s onslaught against New Delhi over purchase…

India’s rare earth push hits new roadblocks (ANI) India’s Rs 7,300 crore plan to boost domestic production of rare earth minerals and magnets could face serious setbacks after China tightened export controls on key machinery and materials used in their processing. The new restrictions threaten to slow India’s drive for self-reliance in producing components that…

The European Union’s latest package of sanctions on Russia has opened new avenues for Indian businesses to expand trade with Moscow, according to the Moscow-based Indian Business Alliance (IBA).On October 23, the Council of the European Union adopted its 19th round of restrictive measures targeting key Russian sectors—including energy, finance, and defense — in response…

India’s primary market is set for a busy week, with six initial public offerings (IPOs) collectively aiming to raise over Rs 1,800 crore across both mainboard and SME platforms. From consumer brand Lenskart to smaller players in logistics, textiles, and manufacturing, investors have a diverse lineup of opportunities on Dalal Street.Leading the pack is eyewear…

Representative image (AI-generated) India’s economic growth is expected to remain strong in FY 2026 even as global trade challenges persist, the finance ministry said in its monthly economic review released on Monday.The report highlighted that India’s growth will be driven by robust domestic demand, easing inflation and the positive impact of recent reforms.It further pointed…