‘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.
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
India’s forex reserves jumped by $1 billion to $687 billion during the week ended December 5, the RBI said on Friday. Photograph: Lee Jae-Won/Reuters In the previous reporting week, India’s forex reserves had dropped by $1.88 billion to $686 billion.
‘I don’t think we should ever negotiate with deadlines or hard stops because we tend to make mistakes then.’ IMAGE: Union Commerce and Industry Minister Piyush Goyal meets Italy’s Deputy Prime Minister and Foreign Minister Antonio Tajani in Mumbai, December
Equity mutual funds attracted Rs 29,911 crore in November, marking a 21 per cent increase from the preceding month, according to data released by industry body Amfi on Thursday. Illustration: Dominic Xavier/Rediff This rise in inflows comes after three consecutive
