Indian business, markets, economy, and finance news in brief: RBI, SEBI, corporate India, and the numbers that matter.
Industry representatives welcomed announcements in Prime Minister Narendra Modi’s address, saying they could support investment, employment, innovation and manufacturing. They also said the measures could strengthen India’s position as a self-reliant and…
Entrepreneur Brent Underwood and business partner Jon Bier bought California’s abandoned Cerro Gordo mining town for $1.4 million in July 2018. The deal covered more than 300 acres and 22 surviving structures,…
Hyderabad’s food, pub and lifestyle businesses are reportedly seeing weaker demand, with some outlets shutting down, GreatAndhra reports. The change follows a period when young consumers spent freely on branded food, entertainment…
Tata Pension Management delivered the highest NPS Scheme E return since inception at 15.46%, according to Business Today. It also led the one-year and three-year periods with returns of 13.84% and 17.89%.…
Former Amazon vice-president Ethan Evans says engineers seeking promotion from L5 to L6 and L7 must show more than technical ability. India Today reports that he oversaw promotions for more than 270…
Home loan borrowers deciding how to use a bonus or other surplus cash should compare the loan’s interest rate with expected post-tax investment returns, Livemint reports. Prepaying reduces the outstanding principal and…
Kisan Vikas Patra offers a 7.5% annual interest rate for the July to September 2026 quarter, with investments doubling in 115 months, or nine years and seven months, Livemint reports. The rate…
Pilani Investment and Industries Corporation sold 25 lakh UltraTech Cement shares, or 0.85% of the company, for Rs 2,896.25 crore through block deals on Thursday, The Hindu BusinessLine reports. The shares changed…
Zetwerk Manufacturing Businesses has filed updated IPO papers to raise Rs 2,600 crore through a fresh issue, with Rs 1,800 crore earmarked for debt repayment. The IPO also includes an offer for…
China’s yuan traded near a three-and-a-half-year high against the US dollar on Friday and headed for a seventh straight weekly gain. The spot yuan rose 0.01% to 6.7443 per dollar by 0258…
