IndiGo operator InterGlobe Aviation promoter Rakesh Gangwal and the Chinkerpoo Family Trust reduced their stake by 5.72 per cent in the airlines through open market transactions, garnering Rs 11,564 crore. The bulk deal data on NSE showed that Gangwal and the trust, managed by Shobha Gangwal and JP Morgan Trust Company of Delaware, divested 2.21…
Starting July 31, 2025, UPI users will face limits on how often they can perform certain non-financial actions like checking account balances or transaction statuses, as the National Payments Corporation of India (NPCI) moves to regulate API usage across the payment ecosystem. The new framework is aimed at preventing system overloads and improving the reliability…
Salesforce announced on Tuesday that it will acquire Informatica for approximately $8 billion, marking its biggest deal since acquiring Slack Technologies in 2021. The move signals a return to large-scale mergers and acquisitions for the cloud software giant as it looks to strengthen its capabilities in the rapidly evolving artificial intelligence market.After previously shelving talks…
US stock markets opened on a strong note Tuesday, with all three major indexes climbing as investor sentiment remained buoyant on the back of robust tech gains and cooling Treasury yields.The Dow Jones Industrial Average (DJIA) jumped 364.97 points to open at 41,968.04, rising 0.88%, while the NASDAQ Composite surged 276.3 points to 19,013.5, a…
India’s Index of Industrial Production (IIP) is projected to have slowed down to 1.2 per cent year-on-year in April 2025, down from 3 per cent in March, according to a report by Union Bank of India (UBI). The deceleration is largely attributed to weakened activity in the mining and manufacturing sectors. The report highlights that…
In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2025–26. Returns originally due by July 31, 2025, can now be filed until September 15, 2025. The extension comes amid significant revisions in ITR forms, ongoing system development,…
As central banks worldwide accelerate their gold purchases to unprecedented levels and steer clear of Bitcoin, economist Peter Schiff sees a clear signal about the future of money. In a recent post on the social media platform X, the vocal gold advocate reignited the debate between traditional bullion and cryptocurrencies, questioning why global monetary authorities…
World shares were mixed Tuesday, but London’s FTSE 100 and Hong Kong’s Hang Seng Index led regional gains as investors brushed off lingering concerns over global trade tensions. US stock futures also surged ahead of Wall Street’s reopening after the Memorial Day holiday.The FTSE 100 advanced 0.8 per cent to 8,786.34 in early trading after…
Gold prices are up Rs 5,160 from their recent low of Rs 90,890/10 grams recorded on May 15. (AI image) Gold rate today: Gold June futures at MCX initiated trading with a modest increase of Rs 113 or 0.12% at Rs 96,050/10 g, following a decline in the previous session. Gold prices are up Rs…
The latest SBI Research report indicates that swift rate cut transmission results in immediate downward pressure on deposit rates. (AI image) Sub-7 day fixed deposits soon? The Reserve Bank of India (RBI) has requested feedback from banks regarding the possibility of offering term deposits with durations shorter than seven days. Banks are required to provide…
