Business

The Reserve Bank of India (RBI) has announced a record dividend payout of Rs 2.87 lakh crore to the government for FY 2026-27. The payout comes at a time when the economy is dealing with the effects of the US-Iran war and global oil price shock. The dividend announced on Friday is the highest ever…

State Bank of India (SBI) branches will function normally on May 25 and 26 after the proposed two-day nationwide strike by employees was deferred following discussions between bank management and union representatives, PTI reported.SBI, in a customer advisory, said the proposed strike by the All India State Bank of India Staff Federation (AISBISF) had been…

India’s gold demand is likely to decline by 50-60 tonnes in calendar year 2026, or about 10 per cent lower than the previous year, following the recent increase in import duty, according to the World Gold Council (WGC), PTI reported. In its India gold market update, WGC said: “Looking at 2026 as a whole, we…

Every major oil shock has left a mark on India, sometimes through inflation, sometimes through foreign exchange pressure, and occasionally through wider economic change. The country’s 1991 balance-of-payments crisis unfolded against a backdrop of rising oil prices. High crude costs later pushed difficult conversations around subsidies, fuel deregulation and energy security. More recently, shifts in…

Vinod Khosla; Anand Desai TOI correspondent from Washington: If the dotcom era gave investors dreams of effortless millions and the crypto boom offered visions of digital billions, the coming IPOs of SpaceX and OpenAI – likely in June and September respectively – promise something more intoxicating: trillion-dollar fantasies wrapped in Silicon Valley superlatives. One company…

India has blocked China’s request to establish a dispute settlement panel at the World Trade Organization (WTO) in a case challenging New Delhi’s support measures for the solar cells, modules and information technology sectors, PTI reported.China had earlier this month approached the WTO’s dispute settlement body seeking the formation of a panel after bilateral consultations…

The Reserve Bank of India (RBI) on Friday announced a record dividend payout of Rs 2.87 lakh crore to the government for FY26, providing additional fiscal space amid evolving global and geopolitical challenges, PTI reported. The decision on the surplus transfer was taken at the 623rd meeting of the RBI Central Board of Directors chaired…

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility…

SBI Mutual Fund has increased its holding in private sector lender Bandhan Bank, with its stake crossing the 5 per cent threshold following an additional purchase of shares from the open market, PTI reported.In a regulatory filing, Bandhan Bank said the final holding of SBI Mutual Fund, through its various schemes, stood at 8,12,46,734 shares…

Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disruptions linked to the ongoing West Asia conflict.The South American nation supplied around 417,000 barrels per day (bpd) to India this month, sharply higher than…