The S&P hit a record high on Wednesday, with broad-gains across sectors supporting the main indexes during a shortened Christmas eve session. The benchmark S&P touched an intraday record high of 6,921 points, surpassing its previous peak in October, as investors continued to bet on more interest rate cuts from the Fed Reserve next year…
The Navi Mumbai International Airport (NMIA) begins commercial flight operations on Thursday, opening a second aviation gateway for the Mumbai Metropolitan Region after years of missed deadlines. The new facility is expected to emerge as one of the busiest and a significant aviation hub in the country.On its opening day, the airport is expected to…
NEW DELHI: In a bid to ease investor compliance and remove inconsistencies, Sebi on Wednesday doubled the monetary threshold for simplified documentation process for issuance of duplicate securities to Rs 10 lakh from Rs 5 lakh. It has also prescribed a standardised affidavit-cum-indemnity bond format for securities valued above Rs 10 lakh. Agencies Source link
MUMBAI: RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational readiness after issues in faced by some banks in phase 1. Phase 2 of the Continuous Clearing and Settlement on Realisation in the Cheque Truncation System, due to start on Jan 3, has been deferred until…
Government has begun discussions with WhatsApp after the messaging app banned a high number of Indian accounts, raising concerns over the continued misuse of Indian mobile numbers for online fraud. According to people familiar with the matter, WhatsApp has been blocking an average of 9.8 million Indian accounts every month until October this year for…
Representative image (Picture credit: AP) MUMBAI: Castrol India is set for a change in ownership, with New York-based investment firm Stonepeak to acquire a majority stake in the lubricants maker from Britain’s BP as part of a $6-billion global deal. BP owns 51% of Castrol India, with the remaining 49% held by public shareholders. In…
MUMBAI: Government bonds rallied on Wednesday after RBI announced fresh liquidity measures to ease tight conditions, pulling the benchmark 10-year yield down to 6.54% from 6.63% on Tuesday, its biggest single-session fall since mid-May, as prices rose on expectations of durable liquidity support. Bond dealers expect the yield on the 10-year bond to drop to…
MUMBAI: Serious Fraud Investigation Office (SFIO) has opened a formal probe into IndusInd Bank after a Dec 23, 2025 letter triggered an investigation under the Companies Act, 2013, over accounting lapses tied to internal derivative trades.In a filing, the bank said SFIO, under the MCA, seeks information after the lender flagged on June 2 issues…
MUMBAI: The National Payments Corporation of India (NPCI) is tightening control over recurring charges, aiming to curb some opaque billing practices and give consumers clearer oversight of their subscriptions.NPCI has launched a central portal-upihelp.npci.org.in-that allows users to view and manage all their UPI autopay standing instructions in one place. The move targets so-called dark patterns,…
MUMBAI: The IPO by Shyam Dhani Industries, a masala maker from Jaipur that was eyeing to raise Rs 38.5 crore from NSE’s SME platform Emerge, saw its offer subscribed an eye-popping 918 times, giving it a book size of a little over Rs 25,300 crore (except the anchor part). In the IPO, the company offered…
