MUMBAI: Markets regulator Sebi has banned Zee group’s Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging Zee Entertainment Enterprises (ZEEL)’s land parcels in Hyderabad as a security for personal loans. Chandra has also been fined Rs 60 lakh, Goenka Rs 58 lakh and the company Rs 30 lakh for…
MUMBAI: Gold loans drove a sharp acceleration in personal lending and overall bank credit, with the segment expanding 93.8% year on year at the end of June 2026, as banks added Rs 74,171 crore in Q1FY27 to take the gold loan book to Rs 5.4 lakh crore.The expansion in gold loans accounted for 13.1% of…
MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…
Sanctions and trade experts say it would establish a new precedent by allowing future presidents to use secondary tariffs to target entire countries. (AP photo) US President Donald Trump may not find it easy to get the new bill championing fresh sanctions on Russia and countries that trade with it passed. The proposed legislation would…
Market participants had viewed this week as a crucial test for the technology sector. US stock market today: Nasdaq outperformed the other major Wall Street indexes on Friday as a 13.7% rally in Amazon shares lifted technology stocks. Amazon joined other Big Tech firms in reporting robust cloud business growth, easing investor concerns over returns…
NRIs should first confirm their tax residential status for the relevant financial year and accordingly report their taxable income. ITR filing FY 2025-26: July 31, 2026 is the deadline to file income tax returns for salaried taxpayers and pensioners. Non Resident Indians (NRIs) are also required to offer their Indian income to tax in their…
There are several benefits associated with the use of plastic or polymer notes. (Image for representative purpose) In the coming months you may be holding a currency note made of plastic instead of paper! India has taken the first step towards introduction of plastic or polymer notes. The move revives a project that was first…
Samudra Manthan is projected to help add more than 600 million metric tons of oil Equivalent (MMTOE) to India’s reserves. Samudra Manthan scheme: Amid the ongoing Middle East crisis, India has announced a Rs 84,084 crore scheme for oil and gas exploration. PM Narendra Modi-led Union Cabinet approved the ‘Samudra Manthan’ National Offshore Exploration Scheme…
FSPV projects will include a minimum of 2-hour Energy Storage Systems (ESS). Looking to post solar energy generation capacity, Prime Minister Narendra Modi-led cabinet on Friday approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) scheme. The scheme targets establishing 5,000 MW of Floating Solar PV (FSPV) capacity in the country.This is a more than seven-fold…
Markets open higher; Nifty tops 24,360, Sensex nears 78,000 Indian benchmark indices opened higher, tracking positive global cues and continued foreign investor buying. The Nifty 50 rose 44.30 points (0.18%) to 24,361.50, while the Sensex gained 70.51 points to 77,998.70. Broader markets also remained firm, with the Nifty Midcap 100 advancing 175.25 points (0.28%) to…
India will develop its own control protocols for high-speed rail. India is aiming to achieve new milestones in manufacturing with its first bullet train project. After deciding to manufacture the high-speed train indigenously for the Mumbai-Ahmedabad bullet train corridor, Indian Railways is now looking at in-house advanced signalling system for other upcoming corridors.Indian Railways is…
