Trade deal with India: US likely to seek tariff cuts, regulatory reforms

The US is expected to push for sweeping changes in India’s policies, ranging from tariff reductions to regulatory overhauls, that could benefit American firms and exporters, under the proposed bilateral trade agreement with India, think tank GTRI said on Sunday.

Centralised KYC system in works, says Sebi

Markets regulator Sebi is actively working with the  Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. Illustration: Francis Mascarenhas/Reuters The Central KYC is an online

OPEC+ eyes accelerated output increases amid quota non-compliance

OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, four sources from the group

SBI Dividend: India’s largest state-run lender declares 1,590% dividend of ₹15.90/share for FY25; Record date fixed

SBI Dividend: India’s largest public sector bank, the State Bank of India, on Saturday, May 3, 2025, announced a dividend issue for its financial year ended 2024-25, according to an exchange filing. The institutional lender declared a ₹15.90 per equity

Swiggy expands 10-minute food delivery service ‘Bolt’ to over 500 cities

Swiggy on Friday said its 10-minute food delivery service ‘Bolt’, which was launched in October last year, is now operational in more than 500 cities across the country. Photograph: Francis Mascarenhas/Reuters Presently, at least one in every 10 food delivery

Bharti Airtel, Tata Group call off DTH merger talks

Bharti Airtel and Tata Group have terminated discussions for a merger of their direct-to-home (DTH) business, according to a Bombay Stock Exchange (BSE) filing on Saturday. Photograph: PTI Photo from the Rediff Archives In the BSE filing, Airtel said this

DIIs overtake FPIs as dominant investors in Indian markets in March quarter

Domestic institutional investors (DIIs), mostly mutual funds and insurance companies, overtook foreign portfolio investors (FPIs) in ownership of NSE-listed companies in the March quarter of 2025. Illustration: Uttam Ghosh/Rediff According to Prime Database, DIIs held a 17.62 per cent stake,

Sanofi Consumer Q1 Results | Net profit falls 20% to ₹50 crore, revenue slides 22% to ₹173 crore

French drug major Sanofi Consumer Healthcare India Ltd on Friday (May 2) reported a 20.3% year-on-year (YoY) decline in net profit at ₹50 crore for the first quarter that ended March 31, 2025. In the corresponding quarter of the previous

ICAI to help Sebi in tackling financial fraud

Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. Illustration: Dominic Xavier/Rediff ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group

Warren Buffett’s Berkshire Hathaway cash pile hits record high of $347.7 billion in Q1 2025 amid tariff uncertainties

Warren Buffett-run, Omaha-based investment giant, Berkshire Hathaway’s cash pile hit a record high of $347.7 billion as of the end of the January to March quarter of the calendar year 2025 amid the ongoing tariff uncertainties over international trade, reported