Business

NEW DELHI: Govt is reviewing tariff concessions on Scotch and some other products proposed in the trade agreement with the UK if its concerns over steel quotas and duties are not addressed before the treaty is ratified.“We have to rebalance the FTA… We haven’t made up our mind, but we can consider action on certain…

CHENNAI: The Indian passenger vehicle (PV) industry delivered a resilient performance in May 2026, with four of the six leading automakers-which together account for nearly 94% of India’s PV volumes-posting double-digit year-on-year growth despite recent vehicle price increases driven by rising raw material costs linked to the West Asia crisis, and a fuel price hike…

Investors holding Sovereign Gold Bonds (SGBs) issued between 2019 and 2021 can apply for premature redemption in June 2026, with the Reserve Bank of India (RBI) opening redemption windows for five bond tranches during the month.Investors planning to exit before the eight-year maturity period must submit their requests within the specified timelines through banks, post…

Artificial intelligence company Anthropic has taken a major step towards a public market debut, announcing that it has confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO), AP reported.The company said the filing gives it the option to go public after the SEC completes its review…

Mumbai: Brajesh Kumar Singh has assumed charge as managing director and chief executive officer of Canara Bank after a Govt notification dated May 30, 2026, with his tenure set until Apr 30, 2029, or until further orders, whichever is earlier.The appointment follows the recommendation of the Financial Services Institutions Bureau and approval by the Appointment…

The rupee snapped its previous session’s rally and fell 34 paise to close at 95.19 against the US dollar on Monday, weighed down by renewed geopolitical tensions involving the US and Iran, a sharp rise in crude oil prices and a stronger greenback, PTI reported.The domestic currency opened at 94.93 in the interbank foreign exchange…

US stocks traded near record levels on Monday despite a fresh rise in oil prices following renewed tensions around the fragile US-Iran ceasefire, as gains in technology heavyweights led by Nvidia helped keep investor sentiment resilient.The S&P 500 was little changed from the all-time high it set on Friday. The Dow Jones Industrial Average slipped…

The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday, marking an improvement from the previous financial year’s deficit level, PTI reported.The fiscal deficit for FY26 was estimated at Rs 15,68,936 crore in the Budget and…

India and the UK are set to discuss Britain’s steel safeguard measures and proposed Carbon Border Adjustment Mechanism (CBAM) this week, with the two issues emerging as key hurdles in the implementation of the bilateral free trade agreement signed last year, PTI reported citing sources.The issues are expected to figure prominently during the visit of…

India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed.During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month’s figures…