The mutual fund industry in India reached a milestone in November, with total assets under management rising to Rs 80.80 lakh crore, marking a 18.7 per cent year-over-year growth from Rs 68.08 lakh crore. It added over Rs 12.7 lakh crore to its asset base in the past year, according to Franklin Templeton’s “Mutual Fund…
Warner Bros has asked its shareholders to reject a hostile takeover bid from Paramount Skydance, saying a rival offer from Netflix would be better for customers and aligns with the board’s fiduciary responsibilities, AP reported.In a letter to investors issued on Wednesday, Warner Bros said its board had reviewed Paramount Skydance’s “unsolicited tender offer” with…
Indian employees can expect a moderate but steady rise in pay packets in 2026, as companies recalibrate compensation strategies to balance cost pressures, talent retention and productivity in a rapidly evolving workplace, PTI reported citing a survey.Average salaries in India are projected to rise by 9 per cent in 2026, with organisations placing sharper emphasis…
Consumers using CNG for transport and piped natural gas for household cooking are set to see lower fuel bills from January 1, 2026, after the petroleum regulator approved a rationalised pipeline tariff structure aimed at cutting costs, ANI reported.The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a unified tariff framework that will translate…
MUMBAI: Axis Bank and Google Pay on Dec 17 launched the Google Pay Flex Axis Bank Credit Card, billed as India’s first fully digital, UPI-powered co-branded credit card. The card runs on the RuPay network and is the first product under Flex by Google Pay, marking Google’s entry into the co-branded credit card space.The card…
Finance minister Nirmala Sitharaman on Wednesday said global trade is increasingly “getting weaponised” through tariffs and other measures, warning that India will have to negotiate carefully in a changing global environment.Her remarks come amid US President Donald Trump’s earlier imposition of a 25% duty on India citing trade deficits, followed by another 25% penalty linked…
India’s imports of Russian oil are expected to cross 1 million barrels per day this December. (AI image) Donald Trump’s sanctions on Russian oil majors don’t seem to have deterred Indian refiners from procuring crude – though non-sanctioned – from Russia. India’s crude oil imports from Russia are showing resilience in December, days after Trump’s…
Both programmes offer sponsor-free residency to attract global talent, investment, and long-term economic participation/Representative image For decades, long-term residency in the Gulf was deliberately elusive. You were welcome to work, invest, and build, but never quite to stay. For a time, that model worked. But as both the UAE and Saudi Arabia began to confront…
Gold and silver prices moved in opposite directions on the Multi Commodity Exchange (MCX) on Wednesday, with silver scaling fresh record highs while gold edged lower after an early uptick.Gold futures traded lower after opening on a positive note. The February delivery contract fell by Rs 359, or 0.27%, to Rs 1,34,050 per 10 grams,…
Silver prices jumped to a fresh lifetime high in futures trade on Wednesday, tracking a strong global rally driven by tight supply conditions and expectations of US interest rate cuts next year.On the Multi Commodity Exchange (MCX), silver futures for March contract surged by Rs 8,356, or 4.2%, to hit a record ofRs 2,06,111 per…
