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Posted in Economy

RBI proposes unified framework for banks’ risk, compliance and audit functions

Kolkata: The Reserve Bank of India on Wednesday issued a draft consolidated framework for its supervisory instructions related control and assurance functions of banks and…

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Posted in Economy

RBI permits banks to lend only to SEBI-Registered REITs & InvITs; 80% cash-generating assets mandatory

New Delhi: The Reserve Bank of India has mandated that all loans to REITs and InvITs must be fully secured and repaid in line with…

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Karnataka concludes Elevate Nxt 2026, selects 256 deeptech startups
Posted in Startups

Karnataka concludes Elevate Nxt 2026, selects 256 deeptech startups

Karnataka’s IT/BT department on Wednesday concluded Elevate Nxt 2026, its flagship deeptech startup support programme, with 256 firms selected from 983 applicants. The department said…

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Posted in Economy

India’s outward FDI commitments fall 49% month-on-month to $4.49 bn in May: RBI data

India’s total outward foreign direct investment commitments declined 49.02 per cent month-on-month to USD 4.49 billion in May 2026 from USD 8.84 billion, mainly due…

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Posted in Economy

India attracted $843 billion in FDI between 2014-15 and 2025-26: Official

Chandigarh: India attracted cumulative Foreign Direct Investment (FDI) inflows of USD 843 billion between 2014-15 and 2025-26, registering a 169 per cent increase over the…

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Posted in Economy

Income tax burden reduction over 12 years reflects ‘Ramrajya’, government says

New Delhi: The reduction in income tax burden over the past 12 years reflects the government’s vision of ‘Ramrajya’, said a booklet released by the…

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On Friday, the SpaceX stock ticker is expected to make its debut in the biggest initial public offering of all time
Posted in Business

Musk Looks to an Army of Loyalists to Help Make Him a Trillionaire

Deen Noory wants in on the biggest stock market debut of all time. Elon Musk is counting on it. On Friday, the SpaceX stock ticker…

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Posted in Economy

Commerce ministry raises anti-dumping duty rejection issue at ‘highest level’

New Delhi: The commerce ministry has taken up with the “highest level” the issue of a rising number of rejections by the Finance Ministry of…

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FILE PHOTO: A 3D-printed miniature model of Elon Musk and a SpaceX logo are seen in this illustration created on January 23, 2025. REUTERS/Dado Ruvic/File Photo (REUTERS)
Posted in Business

Wall Street’s undignified SpaceX mania

“THE ICK”, a term popularised by Gen-Z daters, refers to the loss of romantic interest after a trifling but embarrassing behaviour by a crush. Admirers…

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Posted in Economy

Assam’s GI-tagged Tezpur litchi reaches Dubai in first export shipment

Guwahati: The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the first export consignment of GI-tagged Tezpur Litchi from Assam to Dubai marking…

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