US Fed holds interest rates at 3.75%-4% as inflation persists, signals scope for further hikes The US Federal Reserve held interest rates unchanged at 3.75%-4% in a 10-2 vote, as policymakers weighed persistent inflation against a resilient economy and waited for further data before deciding their next move. The decision came ahead of next week’s…
Festivals come around at the same time every year, yet festive expenses are often managed at the last minute. (Image for representative purpose only) By Adhil ShettyEvery festive season, Indian households spend with a sense of optimism. Dussehra, Dhanteras and Diwali bring celebrations, family gatherings and, for many, the biggest purchases of the year. Spending…
First-time buyers from Tier 2 and Tier 3 cities grew 351% between FY22 and FY26, outpacing overall growth in each of the four years. Their share of new buyers rose to 67% in FY26 from 56% in FY22. MUMBAI: First-time health insurance buyers on Policybazaar increased 277% to nearly 18 lakhs between FY22 and FY26,…
First-time buyers from Tier 2 and Tier 3 cities grew 351% between FY22 and FY26, outpacing overall growth in each of the four years. Their share of new buyers rose to 67% in FY26 from 56% in FY22. MUMBAI: First-time health insurance buyers on Policybazaar increased 277% to nearly 18 lakhs between FY22 and FY26,…
Advent Raises $30 Billion for Top Private Equity Pool of 2026 BENGALURU: Global private equity investor Advent International has raised $30 billion across its funds, including nearly $27 billion for its 11th flagship fund and more than $3 billion for a new mid-market strategy, expanding its investment capabilities and international presence. Advent International GPE XI…
Preferential Trade Agreement talks aim to deepen trade and investment ties NEW DELHI: India and Mexico have begun negotiations for a Preferential Trade Agreement (PTA), as both countries signing the Terms of Reference to set the scope and roadmap for discussions. The proposed agreement aims to expand bilateral trade, encourage investment, create business opportunities and…
NSE Nifty50 suffers worst year in a decade NEW DELHI: Dalal Street is having a rough ride in 2026, with the Nifty50 falling 13% this year. The fall may tempt investors to buy stocks at lower prices, but is it the right time to jump in?According to Thyagesh Baba, non-executive director at Spark Capital Advisors,…
File photo: Reserve Bank of India MUMBAI: India would already have been an 8% growth economy if it had not been grappling with an exceptionally difficult global environment, Reserve Bank of India (RBI) deputy governor Poonam Gupta said, arguing that improvements in digital infrastructure, public services, manufacturing and governance have strengthened the economy’s capacity to…
Jio Platforms made a strong stock market debut with shares were trading at Rs 1,357.45, up Rs 238.45, or 21.31%, from the issue price. The stock touched an early high of Rs 1,374 before trading at around Rs 1,357. At these levels, Jio Platforms’ market capitalisation stood at around Rs 12.5 lakh crore. Reliance Industries,…
Mukesh Ambani gets emotional while listening to Anant and Isha Ambani’s address during Jio Platforms IPO ceremony Jio share listing: Reliance Industries chairman Mukesh Ambani got emotional at Jio Platforms Limited’s listing ceremony as he watched his children speak about the family’s legacy and Jio’s journey. Sitting beside his wife, Nita Ambani, the 69-year-old chairman…
Jio Platforms Limited registers strong stock market debut Jio stock price: Jio Platforms made a strong stock market debut on Wednesday, with its shares listing at Rs 1,358 on the BSE and NSE, a premium of around 21.35% over the issue price of Rs 1,119. The stock touched a high of Rs 1,375 and a…
Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
