CHENNAI/MUMBAI: India Cements’ new promoter, UltraTech Cement, will need to sell about 7 per cent of its stake, worth over Rs 667 crore, to meet the minimum public shareholding rules set by the capital market regulator. UltraTech currently owns about 82 per cent of India Cements, and the rules mandate that listed companies must have…
Representative image (Photo: AP) MUMBAI: The Iran-Israel conflict and its repercussions on global markets and crude oil prices are expected to weigh on investors on Dalal Street when markets open today. With TA35, Israel’s main index, showing strong resistance in mid-session on Sunday, domestic investors may not see frenetic selling during Monday’s opening trades, market…
NEW DELHI: India’s affluent investors are increasingly turning to Alternative Investment Funds (AIFs), with investments in the space reaching to just under Rs 5.4 lakh crore by the end of the March 2025 quarter, a surge of 32% from the year earlier.This increase in AIF investments is being driven by the heightened market volatility and…
This is an AI-generated image, used for representational purposes only. BENGALURU: India’s maturing capital markets are prompting digital-first companies to shift their headquarters back to the country. A white paper from Bay Capital Investment Advisors highlights this “reverse flipping” phenomenon, where startups previously registered in countries like the US, Singapore, or the Netherlands are returning…
Representative image (Photo: ANI) MUMBAI: India’s largest lender, State Bank of India, has cut returns for depositors again. Effective June 15, the bank reduced interest rates on retail term deposits of up to Rs 3 crore by 25 basis points across tenures. Simultaneously, it brought down the savings account rate to 2.5 per cent, its…
NEW DELHI: The Unique Identification Authority of India (UIDAI) has announced a one-year extension of deadline for complimentary online Aadhaar updates.The initiative, deadline for which is now extended to June 14, 2026, enables citizens to upload documents without cost via the myAadhaar portal, benefiting numerous Aadhaar holders nationwide who wish to maintain current records.The UIDAI…
Industry officials indicate that Chinese firms are considering exporting phones and electronic devices to the US from India. (AI image) Big win for ‘Make in India’! Chinese smartphone and electronics manufacturers have begun exporting products from India to West Asia, Africa and the United States—regions traditionally supplied by China and Vietnam—following consistent government encouragement and…
Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, as tensions over trade and technology continue to rise between China, the US, and the island. The move means Taiwanese firms must now seek special permits before exporting goods to either company. Taiwan’s commerce ministry confirmed…
India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their…
On Global Wind Day 2025, Union minister for new and renewable energy Pralhad Joshi stressed on the importance of wind energy and said that it is crucial to India’s clean energy plans and crucial to its ambition of becoming a global manufacturing hub.Speaking at a stakeholder meeting in Bengaluru, he said India needs reliable energy,…
