Business

Tata Group top leadership met Shah and Sitharaman on Tuesday to address ongoing disputes. Infighting in the Tata Group has prompted the government to step in, with top leaders of the group, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran, meeting Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman.The…

Nithin Kamath (File photo) Nithin Kamath, co-founder and CEO of Zerodha, talked about the persisting the gap between Indian households’ gold wealth and the equity funding needs of Indian businesses. According to World Gold Council data, Indian households hold gold worth approximately $3 trillion, much of which remains idle in storage, offering minimal contribution to…

Stock markets in the US displayed minimal movement near their peak levels during the early trading session on Wall Street on Tuesday. The S&P 500 edged up 0.1%, following its recent record high and seven consecutive days of gains. The Dow Jones Industrial Average advanced 90 points, while the Nasdaq composite increased by 0.1%. Overseas…

Piyush Goyal talked about India-US trade talks progress NEW DELHI: Union Commerce and Industry Minister Piyush Goyal indicated on Tuesday that the government is maintaining contact with the United States at various levels concerning the proposed Bilateral Trade Agreement (BTA), suggesting potential progress towards the agreement.The minister, however, avoided specifying any timeline for completing the…

Passenger vehicle retail sales jumped 35 per cent year-on-year during this year’s nine-day Navratri period, according to the Federation of Automobile Dealers Associations (FADA). Overall vehicle registrations grew 6 per cent in September, as sales remained muted in the first three weeks before picking up following the implementation of new GST rates on September 22.Passenger…

Pakistan’s claimed economic recovery is turning its back on the people who need it most, according to a new World Bank report. While the government celebrates growth under the IMF programme and stock markets hit record highs, the reality is quite grim for millions of citizens who continue to struggle with poverty and inequality, The…

Tighter US immigration rules are making Indian families think twice before arranging marriages with relatives living in the United States, matchmakers and experts say.Sidhi Sharma, a 19-year-old medical student from Haryana, had hoped to marry an Indian citizen with a high-paying US job, but abandoned the idea after recent headlines about President Donald Trump’s immigration…

The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric…

Union finance minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT city on Tuesday, at the sixth Global Fintech Fest in Mumbai. With this, the GIFT IFSC has joined a select group of international financial centres that can settle foreign currency transactions locally.At the event, the FM also highlighted that India…

Tata Capital GMP: The conservative GMP indicates investor wariness regarding immediate returns. (AI image) Tata Capital IPO: The initial public offering of Tata Group’s flagship financial services arm Tata Capital got a big thumbsup from brkokerages, with several positive reviews. Yet, the Grey Market Premium (GMP) has crashed to just 3%. The GMP is usually…