Business

In 2008, the Reliance Power IPO had seen the total demand at about Rs 7.1 lakh crore. MUMBAI: The maiden public offering for Jio Platforms, which aimed to raise a recordbreaking Rs 30,213 crore, on Friday created several other records. It saw about 1.3 crore retail investors participating in the offer. While the institutional part … Read more

During the day’s session, sensex fluctuated by more than 1,300 points but closed just 126 points down at 73,124 points. MUMBAI: Rising crude oil prices and a weakening rupee weighed on investor sentiment on Friday and led to strong volatility in the market. But at close, the two leading indices—sensex and Nifty—were only marginally lower. … Read more

Purchase Up 94% Since July. MUMBAI: RBI’s net dollar purchases surged 132% to $43.3 billion in Aug 2026, driven by inflows through its concessional FCNR(B) swap facility, while its outstanding net forward short position crossed $200 billion for the first time.RBI bought $74.5 billion in dollars during the month, up 93.9% from $38.4 billion in … Read more

AI was also lowering the barriers for smaller criminal operations, he said. NEW DELHI: India is the world’s seventh most targeted country by cyberattacks and third in Asia, a senior Microsoft executive said Friday, warning that artificial intelligence was already helping criminals mount ransomware and espionage campaigns.At the NDTV World Summit 2026, Nicholas Butts, director … Read more

Travel accounted for 59.5% of total remittances, rising 11.4% from July to $1.6 billion. MUMBAI: Outward remittances under RBI’s Liberalised Remittance Scheme (LRS) rose 6% month-on-month to $2.7 billion in Aug 2026, driven by overseas student travel, business travel and payments for remote education, while investments in foreign equity and debt more than doubled from … Read more

he slowdown was particularly sharp in high-tech and retail, which declined 17.3% and 7.7% year on year, BENGALURU: Infosys had a lacklustre Q2, with its shares falling 6% in early trade on the NYSE after it cut FY27 revenue growth guidance to 1%-2% in constant currency terms from 1.5%-3% earlier. This is the company’s weakest … Read more

Two critical PHP flaws trigger global alert. BENGALURU: Two critical PHP vulnerabilities that could allow hackers to remotely execute code on servers without authentication have triggered a cybersecurity alert, potentially exposing millions of internet-facing services. In a separate advisory, PHP also urged users to temporarily disable a file-upload tracking feature to mitigate another remote code … Read more

Piyush Goyal said German companies had publicly announced investments worth $7.4 billion in India. BERLIN: German companies are exploring investment opportunities in India in precision engineering, aerospace, defence and shipbuilding, besides healthcare, pharmaceuticals and research and development, commerce and industry minister Piyush Goyal said, pointing to growing business interest as European firms look to diversify … Read more

The remarks appear to settle a debate sparked by Noel Tata, chair of Tata Trusts. Mumbai: In his first public comment since Reserve Bank of India rejected Tata Sons’ bid to shed its non-bank lender status, governor Sanjay Malhotra on Friday left little doubt that the Tata Group holding company must list publicly as long … Read more

NEW DELHI: Jio Platforms’ initial public offering (IPO) has become the first public issue globally to receive more than one crore applications, news agency PTI reported citing sources on Friday, as investor demand surged on the final day of bidding.The $3.2 billion offering by billionaire Mukesh Ambani’s telecom and digital services company has attracted strong … Read more

At $120/BBL, Indian Crude Basket’s Oct Avg Price Hits 14-Yr High MUMBAI: Rising crude oil prices with the Indian crude basket at a 14-year high, fresh weakness of the rupee after an eight-session gain and sliding Asian markets weighed on investor sentiment on Dalal Street on Thursday.As a result, sensex showed a weak trend from … Read more

Live Commerce, Interesting Clips Scale ToCreate Content-To-Commerce Ecosystem. MUMBAI: Indians are no longer just shopping; they are video-shopping. Videos drive a lot of traction on online platforms such as Amazon, Flipkart, Myntra and Meesho. Consumers scroll through creator-led content reels or shorts, discovering a host of new brands and products with many eventually clicking on … Read more

The retail portion of the offer—that was subscribed 70% on Day 1—was also fully subscribed on Thursday MUMBAI: The maiden public offering for Jio Platforms, through which the company is raising Rs 30,213 crore, making it the largest such offer in India, was subscribed over five times at the close of bidding on Day 2. … Read more

According to analysts, revisiting past coupons raises legal and accounting issues. MUMBAI: Retail bondholders of YES Bank have asked Axis Trustee Services, the debenture trustee, to secure payment of overdue coupons (interest payments) on the bank’s Additional Tier 1 (AT1) bonds, restore their holdings in demat accounts and seek regulatory intervention, days after Supreme Court … Read more

Investors were bearish on the eMudhra stock after the cyber incident. BENGALURU: Shares of digital trust company eMudhra plunged 20% on BSE for the second consecutive day on Thursday after it announced its decision to exit the global SSL/TLS (Secure Sockets Layer/Transport Layer Security) certificate business following a security incident involving eight of its intermediate … Read more

Goyal said the FTA could be signed by Dec and implemented within four to five months. BERLIN: Commerce and industry minister Piyush Goyal Thursday set an ambitious target of increasing bilateral trade with Germany tenfold to 310 billion euros, urging businesses to forge partnerships ahead of implementation of the India-EU free trade agreement (FTA).At the … Read more

The Indian Computer Emergency Response Team (CERT-In) issued a criticalseverity warning. (Reuters photo) BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident … Read more

In the IPO, Jio Platforms is offering 27 crore shares at a per-share price band of Rs 1,065 to Rs 1,119. MUMBAI: The maiden public offering for Jio Platforms was subscribed within 100 minutes of opening as institutional buyers led the charge. At close of the session on Day 1, the Rs 30,213-crore IPO, the … Read more

MUMBAI: A surge in gold loans may partly reflect borrower stress, with lenders allowing customers already in deep delinquency to borrow against gold and repay overdue loans, Macquarie said in a report. The trend raises questions about whether gold-backed lending is driven by consumption or income-generating needs or is merely helping borrowers manage debt by … Read more

SpaceX is valued at more than $2 trillion, while Tesla has a market value of about $1.5 trillion. Elon Musk openly endorsed the prospect of combining SpaceX with Tesla Inc in what would be the biggest-ever corporate merger, uniting assets from electric cars to AI data centres to rocket and satellite capabilities. The world’s richest … Read more

Core sector grew 7.9% in Sept, compared with 3.1% a year ago, driven by strong performance in electricity, cement and refinery products and aided by a favourable base as well, official data released Tuesday showed. Sequentially, the growth marked acceleration from an upwardly revised figure of 5.9% in Aug. This is the strongest performance of … Read more

eMudhra certificates blocked by Google and Mozilla BANGLURU/ NEW DELHI: Bengaluru-based digital trust and cybersecurity company eMudhra has acknowledged a cryptographic flaw that generated weak private keys linked to eight intermediate digital certificates in its global website-certificate business, potentially allowing attackers to impersonate legitimate websites. Shares fell 20% on BSE.The company said the affected TLS … Read more

MUMBAI: The Oct Monetary Policy Committee minutes show that the governor and RBI members were more hawkish than the two external members, who favoured retaining the ‘neutral’ stance rather than shifting to ‘calibrated tightening’, arguing that inflation was driven predominantly by supply-side factors.RBI’s MPC voted unanimously to raise the repo rate by 25 basis points … Read more

MUMBAI: For the first time since March 2025, RBI on Wednesday rejected all the 224 bids in the three treasury-bill (T-bill) auctions through which govt was set to borrow Rs 23,000 crore.Due to a tight fund-flow situation in the system, on the back of a high govt balance, GST-related outflows and funds getting blocked primarily … Read more