More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Insolvency and Bankruptcy Code (IBC) till December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday, PTI reported.More than 4,000 corporate debtors have also been rescued through resolution, settlements, withdrawals…
The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing…
India appears to be facing one of its toughest economic challenges in recent years. (AI image) India appears to be facing one of its toughest economic challenges in recent years. Oil, gold, fertiliser and other commodity prices are elevated. The foreign portfolio investors are continuing to sell. Imports remain unabated. Exports are facing headwinds. Remittances…
US stock markets extended losses on Tuesday, with Wall Street moving further away from record highs as technology stocks lost momentum and investors remained cautious over rising bond yields, oil price volatility and geopolitical uncertainty.The S&P 500 declined 0.5 per cent and was headed for its third consecutive decline after recently touching a record high….
With a decentralised Application Programming Interface (API)-based model aimed at reducing costs, lowering latency and improving service delivery for market participants, market regulator Sebi on Tuesday proposed a major overhaul of the existing Straight-Through Processing (STP) framework seeking to replace the current centralised hub-based structure, PTI reported.In a consultation paper, Sebi proposed removing the current…
Delhi’s peak power demand climbed to a season-high 7,776 MW on Tuesday as temperatures in the national capital crossed 45 degrees Celsius with the city recording its hottest day of the summer so far, PTI reported.According to the State Load Dispatch Centre (SLDC) Delhi, the peak power demand reached 7,776 MW at 3.30 pm. On…
Equity benchmark indices Sensex and Nifty ended lower on Tuesday after a late-session sell-off in heavyweight stocks such as HDFC Bank and Reliance Industries erased early gains, while concerns over the rupee touching a fresh record low weighed on investor sentiment.Elevated crude oil prices amid geopolitical uncertainties also kept markets under pressure, although strong buying…
Come March 2026, with the US-Iran war, Russian oil flows to India reached levels last seen a few years ago. (AI image) Missiles, mines, attacks on ships, US blockade, Iran’s closure – the Strait of Hormuz has de facto been closed since the start of the Middle East conflict since late February. Several weeks later,…
The Reserve Bank of India (RBI) board is set to meet on May 22 to consider a potentially record surplus transfer to the government for FY27, with economists estimating the payout in the range of Rs 2.7 lakh crore to Rs 3 lakh crore, ET reported citing people familiar with the matter.The expected surplus transfer,…
Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, with the planned spending largely aimed at expanding manufacturing capacity across its foods business, PTI reported.The investment will primarily support facilities in Madhya Pradesh, Assam and Tamil Nadu as the company looks to strengthen its footprint in one of…