It also offered a glimpse into why the bond market remains pessimistic on interest rates, inflation, and the deficit at the same time—much of which is also due to Trump’s policies. A key takeaway from the BofA report is that
‘We have seen that stablecoins lack the basic attributes of money, their advantages are neither unique nor unambiguous and their risks are all too real.’ IMAGE: Reserve Bank of India Deputy Governor T Rabi Sankar speaks at the Global Fintech
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. Photograph:
Next week’s three-nation foreign tour of Prime Minister Narendra Modi will see India and Oman sign a free trade deal. Illustration: Dominic Xavier/Rediff The visit will also pave the way for agreements with Ethiopia and Jordan to increase India’s bilateral
The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global expertise, while boosting insurance coverage in the country.
Hyderabad-based Mold-Tek Packaging signed an MoU with Vibe Generation earlier this month to commercialise its patented, safety-enhanced closures used in specialty chemicals, lubricants and other industrial applications. Under the arrangement, Mold-Tek will develop moulds and manufacture the components, while Vibe
E-commerce platform Shiprocket, backed by Temasek, has submitted updated draft papers to the markets regulator, Sebi, to raise ₹2,342 crore via its initial public offering (IPO). The public issue comprises a fresh issue of equity shares worth up to ₹1,100
Brookfield Asset Management will invest $1 billion to develop Asia’s largest global capability centre (GCC) in Mumbai’s Powai, the New York-based global alternative asset manager said in a statement on Friday. Photograph: Mark Blinch/Reuters The infrastructure arm of Canada’s investment
Prada’s Kolhapuri chappals will debut globally in February across 40 Prada stores and on the brand’s e-commerce platform. IMAGE: Kolhapuri chappals were spotted at the Prada Spring-Summer 2026 menswear collection during the Milan Fashion Week. Photograph: Alessandro Garofalov/Reuters Prada, Lidcom
Retail inflation inched up to 0.71 per cent in November on rising prices of vegetables, protein-rich items, and fuel, government data showed on Friday. Photograph: Amit Dave/Reuters The consumer price index (CPI)-based retail inflation had fallen to a record low
