India’s third-largest telecom operator Vodafone Idea (Vi) has secured a 10-year breather on adjusted gross revenue (AGR) payments from the Department of Telecommunications (DoT). Photograph: Anushree Fadnavis/Reuters This is expected to ease pressure on its balance sheet and enable the
The Securities and Exchange Board of India (SEBI) is at a “very advanced stage” of issuing the no-objection certificate (NoC) for the initial public offering of the National Stock Exchange (NSE). SEBI Chairman Tuhin Kanta Pandey indicated that the process
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
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
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
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
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 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
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 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
