Business
Market recap: Four of top 10 firms add Rs 1.43 lakh crore; SBI bags biggest gains
Market capitalisation of four of top-10 most valued firms jumps Rs 1.43 lakh crore Dalal Street ended the previous week on a higher note, with four of the country’s 10 most valued companies adding a combined Rs 1.43 lakh crore to their market valuation.State Bank of India emerged as the biggest beneficiary among the top-10…
India’s markets have strong domestic cushion, but global risks loom: Sebi
AI generated image, used only for representational purpose India’s economic momentum is set to have domestic strength on its side in 2026-27, but global risks may keep the pressure on.In its annual report 2025-26, the Securities and Exchange Board of India (Sebi) said that resilient economic fundamentals are expected to support financial markets, while geopolitical…
After years, government looks to revamp investment treaty
The model treaty provisions require foreign investors to exhaust domestic legal remedies for five years before seeking international arbitration to resolve disputes. NEW DELHI: After years of discussion, government has finally got down to reviewing the model bilateral investment treaty (BIT), often cited as a roadblock to attracting investments.“The BIT is under review, and we…
Berkshire Hathaway Q2 earnings: Profit rises 16% to $12.98 billion as buybacks accelerate
American multinational conglomerate Berkshire Hathaway reported stronger-than-expected second-quarter results, with operating profit, revenue and net income rising, while its massive cash pile fell as the company stepped up stock purchases and buybacks.Operating profit rose 16 per cent year-on-year to $12.98 billion, beating analyst expectations, reported Reuters. Revenue increased 10 per cent to $101.81 billion, while…
Kavach: What makes Indian Railways indigenous world-class tech special
Kavach acts as a shield for train operations. Essentially it is an Automatic Train Protection (ATP) system which has been indigenously designed. Can a train stop itself before it meets with an accident? For decades, railway safety has relied largely on human judgement. Today, Indian Railways’ homegrown Kavach is helping put advanced world-class signalling technology…
As regulators crack the whip, firms return to drawing board
The regulatory push is also being reinforced by changing consumer behaviour and a growing social media influence. NEW DELHI/BANGALORE: Atta, paneer, tea, juices, biscuits, ghee, honey, chocolates, energy drinks — the list of daily consumption items facing regulatory glare is growing, and so is the pressure on consumer goods companies. The scrutiny is not limited…
‘No charges on digital payments for consumers’
For nearly 10 years, banks, payment companies, fintechs, NPCI and RBI have collectively invested in technology, cybersecurity, fraud prevention, innovation and customer support The government’s move to lift the legal restriction on banks and platforms from imposing a charge or merchant discount rate (MDR) on UPI transactions, hitherto free, has generated a lot of debate…
Loans Against Gold Jewellery: Why NBFC gold loans are growing nearly 70% despite tighter RBI regulations
Outstanding NBFC loans against gold jewellery rose 69.3% year-on-year to Rs 3.41 lakh crore at the end of June 2026 (representative image) Loans against gold jewellery by non-banking financial companies (NBFCs) continued to expand sharply in June, growing nearly 70% year-on-year, according to Reserve Bank of India (RBI) data.Outstanding NBFC loans against gold jewellery rose…
‘AI creating more jobs than it cuts in India’
India recorded 83,100 AI-related hires during the period, compared with 31,921 layoffs and attrition, according to the report released Friday. India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.The…
RBI removes priority sector burden for FCNR(B) deposits
The move will enable banks to earn a decent spread by deploying funds raised from FCNR(B) deposits where the yields are around 7%. MUMBAI: RBI has exempted advances against fresh FCNR(B) and NRE term deposits from priority sector lending calculations, completing a three-part policy push to boost foreign currency inflows and ease compliance burdens for…