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…
LUCKNOW: Anurag Dwivedi, a self-styled cricket “influencer” on YouTube from UP’s Unnao who is facing ED’s money-laundering cases for alleged ties to illegal betting platforms, flew over 130 guests to Dubai for his Nov 25 destination wedding aboard Queen Elizabeth-II cruise.The case has drawn intense public and official scrutiny after details emerged of crores being…
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…
MUMBAI: Credit card spending slowed in Nov 2025 across India as festive demand faded after Diwali and Dussehra, with transaction values and volumes easing month-on-month once seasonal shopping normalised.Total credit card spends fell to around Rs 1.9 lakh crore in Nov, down 11.9% from Rs 2.1 lakh crore in Oct, data released this week showed….
Man arrested for murdering wife, staging it accident BENGALURU: A 64-year-old electrician was arrested on charges of murdering his 54-year-old teacher-wife Saturday night and attempting to pass it off as a road accident. Gayatri, who worked at Chikkabommasandra Primary School, and Anant, the accused, have a college-going daughter.The incident occurred on Dec 20 near an…
NEW DELHI: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second major Chinese company to have sold a sizeable stake in its Indian business after MG Motor, a…
New Delhi: Transiting between the three terminals of Indira Gandhi International Airport could become less of a hassle from next year.Delhi International Airport Ltd (DIAL) is learnt to be planning a dedicated corridor between Terminal 2 and Terminal 3 so that domestic-to-international passengers, to begin with, can be transferred airside, instead of them having to…
