Business

The Department for Promotion of Industry and Internal Trade (DPIIT) has issued an updated standard operating procedure (SOP) for processing foreign direct investment (FDI) proposals introducing a defined 12-week timeline and a fully paperless application system, PTI reported.Under the revised framework, decisions on FDI proposals will be taken within 12 weeks, excluding the time taken…

The report points out that India has consistently demonstrated notable strength during periods of global volatility. (AI image) Amid the ongoing Middle East conflict, a recent report by Moody’s Ratings says that recent global shocks have shown India’s resilience among emerging economies to withstand pressures. The report credits the resilience to timely policy measures and…

State-run fuel retailers will not receive government financial backing for losses arising from the sale of petrol, diesel and aviation turbine fuel (ATF) below cost, with the Centre confirming that no such proposal is under consideration.The three public sector oil marketing companies: Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation…

Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…

Gold price prediction today: Gold prices are expected to continue seeing volatility in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link

Bernstein has a market perform rating on Kotak Bank with the target price at Rs 500. Analysts said Kotak Bank closed FY26 on a strong note, with a beat across most operating metrics. The lender’s net interest margin expanded about 13 basis points (100 basis points = 1 percentage point) on the quarter (QoQ), the…

Top stocks to buy or sell today (AI image) Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:Lupin: Buy in the range between Rs 2349…

MUMBAI: Venu Srinivasan, chairman emeritus of TVS Motor, and Vijay Singh, a former bureaucrat, are set to step down as trustees of the Tata Education and Development Trust (TEDT) from May 11, after fellow trustee Mehli Mistry voted against their reappointments.Trust rules require unanimous consent from all trustees for a reappointment. The departures mark the…

MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together hold a 52% controlling stake in Tata Sons, will convene to review their nominee directors on the holding company’s board, among other agenda items.The…

NEW DELHI: India is poised to break into the top five markets globally for Nestlé over the next five years, driven by scale, favourable demographics and long-term growth drivers. Already among its fastest-growing markets globally, with over 14% growth last year, India receives “a strong global focus alongside sustained investments in R&D, manufacturing and brands”,…