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Crypto trading booms in India’s interiors as job growth, incomes disappoint
Overall, India's crypto market is expected to grow to more than $15 billion in 2035 from $2.5 billion last year at a compound annual growth rate of 18.5 per cent, said Kush Wadhwa, partner at consulting firm Grant Thornton Bharat Like thousands of his countrymen in...
Google set to be charged with breaching EU rules
The European Commission has been investigating Google for potential breaches of the Digital Markets Act since March last year. One probe focuses on whether Google favors its vertical search engines such as Google Shopping, Google Flights and Google Hotels over rivals,...
Govt seeks merchant bankers for selling equity in public sector banks financial institutions
As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity...
Adhere to timeline for rolling out revised pilot duty norms, Delhi HC tells DGCA
The court was hearing pleas filed by Indian Commercial Pilots Association, Indian Pilots Guild and Federation of Indian Pilots relating to DGCA's revised flight duty time limitations New Delhi: The Delhi High Court on Monday directed the Directorate General of Civil...
SC seeks info from Centre on central, state mental health facilities
The top court previously said chaining of persons suffering from mentally illnesses could not be allowed and termed it as "atrocious" and "inhuman". The court said such acts were violative of their rights under Article 21 of the Constitution, which dealt with life and...
Machinery for citizens to flag misleading ads needed: SC
A bench of Justices Abhay S Oka and Ujjal Bhuyan said the Drug and Magic Remedies (Objectionable Advertisements) Act, 1954 was of vital importance New Delhi: The Supreme Court on Monday underscored the importance of creating a mechanism for citizens to file complaints...
LIC receives Rs 57.2 crore GST demand notice
The company has received a communication/demand order on Monday from Assistant Commissioner, Delhi regarding excess ITC availed, LIC said in a regulatory filing. New Delhi: Life Insurance Corporation of India (LIC) on Monday said tax authorities have slapped a demand...
Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate, South-East Asia and India Hanh Nguyen said,`` Underwriting discipline will remain crucial for the markets. We strive to increase insurance penetration in the region by fostering risk mitigation measures,...
Financial, capacity constraints of EU’s carbon border policy may disrupt India’s steel sector: Study
Being implemented since October 2023, the Carbon Border Adjustment Mechanism (CBAM) aims to apply carbon content-based charges on imports of certain emission-intensive products such as steel from countries with less stringent emission regulations, including India New...
Govt takes stock of infrastructure of district hospitals for setting up daycare cancer centres
The estimated expenditure for setting up these centres will be Rs 3,200 crore, said Union health ministry officials New Delhi: The government has started a survey to identify gaps and review the infrastructure in all district hospitals in order to implement the budget...
SBI aims to be Net-Zero by 2055: Setty
C S Setty, Chairman ,SBI Mumbai: State Bank of India Chairman C S Setty on Sunday said the largest Indian lender is targeting to be Net-Zero by 2055. The bank, the largest in the country, will be celebrating its centenary year of existence then, he said. Setty made...
Hit-and-run cases constitute 38 pc of all fatal crashes on Mumbai roads in 2023: Report
Among those deaths, two and three-wheeler occupants comprised 48 per cent and pedestrians 40 per cent, said the report published recently by the Mumbai Traffic Police in association of the Bloomberg Philanthropies Initiative for Global Road Safety Mumbai: Hit-and-run...
‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’
Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline. By 2030, as per estimates, 42 per cent India's districts are projected to experience temperature rise by up...
FPIs withdraw Rs 23,710 cr in Feb; total outflow at Rs 1 trn in 2025
This came following a net outflow of Rs 78,027 crore in January. With these, the total outflow by FPIs has reached Rs 1,01,737 crore in 2025 so far, data with the depositories showed. This massive selling has resulted in the Nifty yielding negative returns of 4 per...
India leading in AI adoption, governance: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister The country recorded 3 billion AI-related app downloads in 2024, while the US and China had only 1.5 billion and 1.3 billion downloads, respectively Kottayam (Kerala): Union Finance Minister Nirmala Sitharaman on Saturday...
Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the power of Berkshire's insurance operations and investments,"Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster Warren Buffett's Berkshire Hathaway on Saturday posted its third straight...
Former RBI governor Shaktikanta Das appointed as Principal Secy-2 to PM Modi
Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra Modi `Das will the Principal Secretary-2 to PM-with effect from the date of he assumes office. His office will be co-terminus with the term of PM,’’ said the ACC order. New Delhi: The government...
Amfi launches 3 initiatives to boost MF accessibility, financial literacy, investment recovery
Venkat Chalasani, Chief Executive, Amfi The MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) platform addresses a long-standing challenge by enabling investors and their legal heirs to identify and recover inactive or forgotten MF holdings, ensuring...