Market

Reliance Industries Limited’s chairman Mukesh Ambani has signalled intentions for initial public offerings of retail and telecommunications divisions. Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to consolidate its fast-moving consumer goods (FMCG) brands into a new entity. The new entity, to be named New Reliance Consumer Products Ltd (New RCPL), will operate as a…

Quick commerce is transforming India’s digital retail sector. The growth stands in stark contrast to Chinese counterparts. (AI image) Swiggy and Eternal (Zomato’s parent firm), India’s leading Indian e-commerce stocks, have surpassed domestic indices and Asian counterparts – China included – in the previous month, with swift recovery driving speculation about their competitive edge and…

In a move to enhance transparency and borrower flexibility, the Reserve Bank of India (RBI) has barred banks and other regulated lenders from imposing pre-payment charges on floating rate loans availed by individuals for non-business purposes. The new norms, issued under the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025, will be applicable…

Gold price prediction: What should gold and silver investors do and what’s the outlook for gold and silver rates in the near future? (AI image) Gold and silver price prediction today:Both gold and silver prices are showing strength, with gold heading towards Rs 99,000, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500, BSE Sensex was in red. At 9:18 AM, Nifty50 was trading at 25,512.65, up 59 points or 0.23%. BSE Sensex was at 83,628.19, down 69…

MUMBAI: RBI has barred pre-payment penalties on floating rate personal and small business loans, aiming to simplify lending and enabling switching lenders. The ban on prepayment charges applies on floating-rate personal loans, or on business loans given to individuals and micro or small enterprises regardless of how the loan is repaid or the source of…

NEW DELHI: In what has the potential to disturb India’s strong march in manufacturing, tensions with China have seen the neighbouring country delay delivery of critical machinery while ordering the pullout of some of its citizens from Indian factories, including those engaged in engineering and manufacturing jobs at Foxconn, Apple’s contract manufacturer.This comes just as…

A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on territory long dominated by Visa and Mastercard, powered by a new type of currency – the stablecoin – and a pitch merchants can’t ignore: lower…

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs 1,200 crore) through a block deal on Thursday, the term sheet of the share sale showed. The Banga family was one of the early investors…

In a step that also implicates the company’s former director Anil Ambani, SBI has moved to classify the loan account of Reliance Communications as fraud. In a disclosure on July 1, RCom stated that SBI plans to report Ambani’s name to the RBI. The move sets off another round of legal contest amid the telco’s…