India’s forex reserves jumped $5.54 billion to $692.57 billion during the week ended November 14 due to a steep increase in the value of gold reserves, the RBI said on Friday. Photograph: Lisa Marie David/Reuters The overall reserves had dropped
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government’s feared tax shake-up for the super-rich nears, according to
Macroeconomic data, global market trends and trading activity of foreign investors will be the key drivers for dictating market sentiment this week, analysts said. Illustration: Dominic Xavier/Rediff “This week, volatility may increase ahead of the November derivatives expiry. Domestically, markets
Tata Power signed agreements for Bhutan’s ₹13,100-crore hydropower project, while Tata Chemicals announced major capacity expansions. Natco received FDA observations, HG Infra and RVNL emerged as L1 bidders for metro and railway projects. Lemon Tree added a new Bhopal property,
The contentious proposal to cap the fees that fund houses pay brokers for executing trades will be discussed in a meeting between the capital markets regulator and the top executives of asset managers on Monday, according to two people aware
High-street rentals continue to outpace those of malls, as retailers focus on prime locations and are willing to pay a premium for visibility. IMAGE: Camac Street, Kolkata. Photograph: Kind courtesy Kolkatan/Wikimedia Commons Between 2021 and 2025, rental values on prime
Ahead of the Reserve Bank of India’s (RBI’s) monetary policy review in the first week of December, major public sector non-banking financial companies (NBFCs) — the National Bank for Agriculture and Rural Development (Nabard), Small Industries Development Bank of India
India’s market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building
Following Axis Max Life Insurance’s second-quarter results for 2025–26, Sumit Madan, managing director and chief executive officer of the company, speaks to Aathira Varier and Subrata Panda/Business Standard about growth aspirations, strategies to offset the impact of the input tax credit (ITC)
Billionaire hedge fund manager Bill Ackman is revving up a long-anticipated plan to hold an initial public offering for his Pershing Square Capital Management, the Financial Times reported, citing unidentified people with knowledge of the matter. Ackman is talking with
