Business

MUMBAI: General Atlantic and Accel backed new-age insurer Acko has kicked off IPO process, roping in Morgan Stanley, ICICI Securities and Kotak Securities as bankers for the issue expected to hit Dalal street in early 2027, said people in the know. The company, which is planning to make a confidential filing sometime in the second…

Goldman Sachs maintained its buy rating on Reliance Industries with the target price at Rs 1,910. Analysts said the company reported Jan-March (Q4FY26) earnings before interest, taxes, depreciation and amortisation (EBITDA) miss due to weak oil-to-consumer (O2C) margin capture, while high crude premiums and logistics costs offset strong product cracks. Analysts expected sequential margin recovery…

Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative…

New Delhi: India’s cybersecurity agency, the Indian Computer Emergency Response Team (CERT-In) has warned that advances in artificial intelligence are pushing cyberattacks into a new phase, with automation and scale bringing them firmly into the spotlight.In an advisory, CERT-In said frontier AI systems are now capable of autonomously identifying software vulnerabilities, analysing large volumes of…

Mumbai: A man walks past the RBI logo at RBI headquarters in Mumbai. (PTI Photo/Shashank Parade) Mumbai: Banks will have to start setting aside money for possible loan defaults in advance from April 2027, using mathematical models to predict losses instead of waiting for borrowers to actually miss payments, under RBI’s final rules issued on…

Gold and silver began the week on a weaker note on the Multi Commodity Exchange of India on Monday. The decline came as rising crude oil prices intensified inflation concerns and strengthened expectations that interest rates could remain elevated for an extended period, particularly with US-Iran negotiations still at an impasse. Hopes of renewed diplomatic…

Sun Pharmaceutical Industries on Monday announced it will acquire US-based Organon & Co. in an all-cash deal valued at $11.75 billion, marking one of the largest overseas acquisitions by an Indian company.Under the definitive agreement, Sun Pharma will buy all outstanding shares of Organon at $14 per share.The deal, approved by the boards of both…

New Delhi: Amid the push for more Vande Bharat and Amrit Bharat trains, the railways has begun work on improving the currently operational Shatabdi Express and Jan Shatabdi Express trains. It has drawn up a plan to enhance comfort, aesthetics, and onboard service quality on these premium trains under a nationwide campaign.In a communication to…

Petrol and diesel prices remained unchanged across major Indian cities on Monday, even as global crude oil markets stayed volatile due to escalating tensions in the Middle East and disruptions in key shipping routes. Petrol prices today In Delhi, petrol continued to be priced at Rs 94.77 per litre. Rates remained higher in other metros,…

India New Zealand FTA (AI image) India and the New Zealand on Monday signed the India-New Zealand Free Trade Agreement (FTA) in the presence of Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay. The agreement is expected to significantly strengthen economic ties between the two countries. It aims…