Business

India’s semiconductor sector gathers pace with $701 million raised since 2025 (representative image) India’s semiconductor sector has attracted $1.4 billion in cumulative equity funding across 281 funded companies, with nearly half of the amount raised since 2025, according to Tracxn data cited by PTI.The sector raised $701 million since 2025, including $228 million in 2026…

FPIs withdraw Rs 13,138 cr from equities in Sep so far amid global uncertainty Foreign portfolio investors have pulled out Rs 2.37 lakh crore from Indian equities so far this year, with the latest selling coming in the first half of September as global uncertainty, higher crude oil prices, rising US bond yields and a…

India supplies 70% of Russia’s record fuel imports as Ukrainian drones hit refineries India emerged as the biggest source of Russia’s fuel imports in August, as Ukrainian drone strikes hit Moscow’s refineries and disrupted domestic fuel production. During the month, Russia imported 172,000 tonnes of oil products, more than seven times its previous monthly record.According…

India’s gem exports rise 3.14% in August as studded gold jewellery shipments surge India’s gem and jewellery exports rose 3.14% year-on-year to $2.30 billion (Rs 21,945.87 crore) in August, as a sharp increase in shipments of studded gold jewellery and higher diamond export volumes supported the overall performance, the Gem and Jewellery Export Promotion Council…

Piyush Goyal hails New Delhi Declaration, says it reflects collective resolve for a more resilient, innovative and equitable partnership Union commerce minister Piyush Goyal welcomed the unanimous adoption of the New Delhi Declaration at the 18th Brics Summit, saying that it reflects the collective resolve of member countries to build a more resilient, innovative, development-focused…

MUMBAI: Markets regulator Sebi on Saturday proposed to make some changes to the recently introduced Closing Auction Session’s (CAS) timings and to the derivatives pricing mechanism. Launched on Aug 3, CAS had created controversy in the market with traders and investors pointing out that it increased volatility in stock prices and index values.Last week, Sebi…

MUMBAI: HDFC Bank has submitted two names in order of preference to RBI for appointment as its next managing director and CEO, setting in motion the succession process ahead of Sashidhar Jagdishan’s exit at the end of Oct.Alongside the CEO shortlist, the board also approved a revamp of its senior management by elevating chief credit…

RBI’s decision upends efforts by Noel Tata, chairman of Tata Trusts -Tata Sons’ majority shareholder -to keep the company private MUMBAI: Reserve Bank of India has shut the door on Tata Sons’ attempt to surrender its core investment company (CIC) registration, dealing a blow to the efforts of the holding company of the $185bn Tata…

US President Donald Trump during a meeting with Ireland’s Prime Minister Micheál Martin at Farmleigh House in Dublin US President Donald Trump on Saturday claimed that Canada was keen to reach a trade deal with the United States and that an agreement could come “fairly soon”.“Canada wants to make a deal very badly,” Trump told…

Leaders pose for a family photo during the Brics summit in New Delhi (Picture credit: Reuters) There is currently no proposal to introduce a common Brics currency, while discussions on settling bilateral trade in local currencies will continue as a way to reduce transaction costs, Sudhakar Dalela, secretary (economic relations) in the ministry of external…