NEW DELHI: Foreign investors have pulled out Rs 11,820 crore ($1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee.This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, further pressuring markets.This takes the total outflow for 2025 to Rs 1.55…
MUMBAI: RBI has granted in-principle approval for Fino Payments Bank to convert into a small finance bank, allowing it to enter lending, widen its product suite and build a stronger liability franchise while continuing current operations until final clearance. It is the RBI’s first such approval for any payments bank. Fino said it is reworking…
BENGALURU: India’s urban drinkers are cooling on month-long alcohol breaks, even as the “sober curious” wave rises in Western markets. About 32% urban drinkers went dry for a month or more in Autumn 2025, down from 38% a year ago, IWSR Bevtrac data shared exclusively with TOI showed. The pullback is sharpest among younger legal-age…
MUMBAI: Bajaj Finance has said that its voice bots will disburse Rs 5,300 crore of loans in FY26 – its first full year of operations. This channel will be completely taken over by AI agents as part of its 2026-30 long-range strategy which has AI as the backbone of its growth plans that links targets…
Ranveer Singh’s latest release, ‘Dhurandhar’, directed by Aditya Dhar, hit cinemas on December 5. The film marks Dhar’s return to direction after his 2019 debut ‘Uri: The Surgical Strike’, which starred Vicky Kaushal. The film is doing well at the box office. It has crossed Rs 90 crore up till Sunday evening and if there’s…
Rohit Sharma, Virat Kohli Former India batting coach Sanjay Bangar said Virat Kohli and Rohit Sharma should be viewed differently because of their record in ODI cricket, and their place in the team should not have been questioned. He said this while speaking to JioStar.There has been speculation that selectors and head coach Gautam Gambhir…
MUMBAI: Trading in rights entitlements (REs) for Adani Enterprises picked up pace in the last two sessions of the week as the closing date for the Rs 25,000-crore issue neared. In the last two sessions, nearly 50 lakh rights entitlements were traded on the two exchanges with the price moving up by 23%. The offer…
MUMBAI: RBI’s plans to add nearly Rs 1.5 lakh crore to money markets will provide temporary relief but that may not be enough, analysts say. Further action could be required in the fourth quarter of the current fiscal, they said. If the rupee remains under pressure, RBI may need to use its reserves to limit…
Brendon McCullum. (Getty Images) Australia won the day-night second Ashes Test in Brisbane by eight wickets on Sunday to take a 2-0 lead in the five-match series. They chased the target of 65 in 10 overs, with captain Steve Smith hitting a six off Gus Atkinson over square leg to seal the result. Sixty-five was…
MUMBAI: Startup IPOs are taking the sheen off large private funding deals (beyond $100 million). Venture capital (VC) investors are actively raising funds, the funding winter is over, but it is the small and mid-sized deal counters (a few million dollars to $50 million or so) where there’s a rush of activity. There have been…
