MUMBAI: In a coordinated move, govt and RBI Friday rolled out a clutch of measures aimed at attracting foreign portfolio investors and non-resident funds to govt bonds and bank deposits. The strategy is as much about sentiment as it is about flows: signalling openness, easing friction, and offering a small subsidy from RBI in the…
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities on Friday. The yields on benchmark 10-year govt securities (G-Secs) softened to 6.94% in early trades, from 6.99% on Thursday, after the govt said foreign portfolio investors (FPIs) would be exempted from long-term capital gains and withholding taxes on…
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions. These determine whether deposits qualify as bulk…
MUMBAI: Tata Trusts has demanded petitioner Suresh Tulsiram Patilkhede and his lawyer Katyayani Agarwal withdraw allegations of impropriety over a 37-year-old transfer of 833 Tata Sons shares, seeking Rs 1,000 crore in damages for reputational harm and causing distress. The charitable organisations sent notices to both, saying transfer of shares from Navajbai Ratan Tata Trust…
NEW DELHI: The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements.The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finished…
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
BENGALURU: Australian data centre operator AirTrunk has committed $30 billion to develop 5 gigawatts (GW) of data centre capacity in India by 2030, marking one of the largest investments in the country’s digital infrastructure sector and positioning India as a key hub for global AI and cloud infrastructure spending.The investment is expected to significantly bolster…
MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds….
Fortnite Shattered Live Event: Timings for all regions(Image via Fortnite) The Fortnite Shattered live event is almost here, and the end-of-season finale is taking place today, June 5, 2026. It promises to be one of the most unique live events in the game’s history, with your experience changing depending on whether you sided with Team…
Google has agreed to pay Elon Musk’s Spacex $920 million a month for computing power as part of a cloud-services deal. According to a Securities Exchange Commission (SEC) filing by Spacex, the deal runs through mid-2029. As per the agreement, Google will pay Spacex the monthly fee from October through June 2029, with capacity ramping…