Will India raise defence spending in Budget 2026 amid rising geopolitical risks?

The ongoing Russia–Ukraine war, tensions between the US and Venezuela, and US President Donald Trump’s aggressive stance on Greenland and Iran have heightened geopolitical risks. As geopolitical conflicts intensify, several countries are increasing their defence budgets. Trump has proposed to

Restrictions, penalties are last resort: RBI governor Sanjay Malhotra

The relation between a regulator and its regulated entities is collaborative and not adversarial with the common objective of maintaining the stability and credibility of the financial system. Photograph: Hemanshi Kamani/Reuters However, the action on regulated entities like penalties and

Auto: First Drive: Is Mahindra XUV 7XO better than XUV7OO?

The XUV 7XO comes with high tech features, comfort and safety but it will be interesting to see if 7XO can match the popularity of the XUV700 which it has replaced, writes Hemant Waje/Rediff.com after taking a test drive in desert

Forex reserves drop by $9.80 bn to $686.80 bn

India’s forex reserves dropped by $9.8 billion to $686.81 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the forex reserves had jumped by $3.29

IDFC First Bank cuts savings account rates, introduces new balance slabs

Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. Photograph: Courtesy, Wikimedia Commons The interest slabs and rates for

US job growth slows in December as payrolls miss estimates, unemployment dips

US Stock Market LIVE Updates: Dow Jones, Nasdaq Today and the S&P 500 are in focus as investors await the US jobs report and a crucial Supreme Court ruling on Trump’s tariffs. Stay tuned for key live updates, market moves

General Motors stock in focus after EV charges rise to $7.6 billion

American automaker General Motors Co. announced on Thursday it will take another $6 billion in charges related to production cuts in electric vehicle and battery operations. This comes as financial problems grow from the cooling market for EVs in the

Bajaj Finserv completes Allianz’s stake buyout in its insurance arms

Bajaj Finserv on Thursday said it has completed the acquisition of Allianz SE’s stake in Bajaj General Insurance and Bajaj Life Insurance, worth Rs 12,190 crore and Rs 9,200 crore, respectively. Photograph: Courtesy, Bajaj Finserv Bajaj Finserv, along with Bajaj

BSE Sensex tops other assets classes by a hefty margin in 40 years

The BSE Sensex has been one of the top-performing areas of investment in the past 40 years, consistently delivering double-digit returns in rupee terms, beating assets such as global equities, precious metals, and fixed income. Photograph: Danish Siddiqui/Reuters There is

Infra investment likely to climb, consumption growth may plateau

Supported by strong buoyancy in public sector capital expenditure (capex), growth in infrastructure investment is expected to accelerate in 2025-26 (FY26) compared to 2024-25 (FY25), according to the First Advance Estimates of gross domestic product (GDP) for FY26 released by

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