NEW DELHI: India’s foreign direct investment (FDI) inflows may have crossed the $90 billion mark for the first time in 2025-26, secretary at department of promotion of industry and internal trade (DPIIT) Amardeep Singh Bhatia told reporters Thursday, while seeking to highlight that greater outreach to investors has borne fruit, with free trade agreements (FTAs)…
NEW DELHI: Public sector banks recruited 50,552 employees in the last financial year, 33% higher than 37,860 hired in the previous financial year, as they expanded their operations.In a statement, the finance ministry said that offer letters were sent to over 50,000 candidates in 2025-26 after the recruitment exercise conducted through the Institute of Banking…
Rajat Patidar and Jason Holder (Image credit: X) NEW DELHI: The IPL 2026 clash between Royal Challengers Bengaluru and Gujarat Titans at the Narendra Modi Stadium delivered plenty of excitement, but also controversy, as Gujarat Titans edged out a four-wicket win. The biggest talking point of the night was Rajat Patidar’s dismissal, caught by Jason…
MUMBAI: Bombay high court on Thursday quashed and set aside a show cause notice issued in 2022 to Tata Sons for a demand of Rs 1,524 crore as Integrated Goods and Service Tax (IGST).Justices Girish Kulkarni and Aarti Sathe on Thursday also agreed with Tata Sons that following the final settlement in 2017, Docomo’s withdrawal…
BENGALURU: Amazon’s quick commerce push in India is gaining early traction, with orders on its Amazon Now service growing about 25% month on month, chief executive Andy Jassy said during an analyst call, as the company ramps up investments in one of its fastest-growing markets. “We continue to expand our ultrafast delivery service, Amazon Now,…
MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…
MUMBAI: The RBI brought a large quantity of gold back to India during Oct 2025-March 2026, even as the share of the yellow metal in forex reserves rose sharply with soaring gold prices and a decline in foreign currency assets.According to data released by RBI in its half-yearly report of foreign exchange reserves, domestically held…
The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…
Virat Kohli and umpire (Image credit: X) NEW DELHI: A dramatic moment unfolded during the IPL 2026 clash between Gujarat Titans and Royal Challengers Bengaluru at the Narendra Modi Stadium, as Virat Kohli appeared to lose his cool and was seen in an animated exchange with the on-field umpire.The incident took place in the eighth…
MUMBAI: Hindustan Unilever (HUL) has hiked prices by 2-5%, signalling more increases could be in the offing going ahead as the company copes with a 8-10% cost inflation on the back of the West Asia war that sent oil prices soaring, weighing on raw material costs for a host of consumer goods ranging from detergents…