Business

New Delhi | Anil Ambani’s Reliance Defence has signed an agreement with German arms manufacturer Rheinmetall AG for the supply of ammunitions like artillery shells and explosives from a new facility to be set up in Maharashtra. “Reliance Infrastructure Ltd-promoted Reliance Defence Ltd (Reliance Defence) and Dusseldorf-based Rheinmetall AG have agreed on a strategic partnership … Read more

NEW DELHI: The Reserve Bank of India (RBI) is expected to declare on Friday the dividend amount it will transfer to the central government for the fiscal year 2024-25, with indications pointing to a payout higher than the record Rs 2.1 lakh crore disbursed for 2023-24. This previous figure more than doubled the Rs 87,416 … Read more

BSE Sensex rejig : Tata Group’s retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex following the index rejig, which takes effect from June 23, 2025. The rejig for Sensex and additional indices were announced by BSE’s … Read more

The Indian diaspora is flocking towards local banks as their deposits surged to a decadal high, promoted by attractive rates amid depreciation in the rupee. Inflows into NRI deposit schemes rose 10% year-on-year to $16.2 billion in FY25 from inflows of $14.7 a year ago, the data released in the Reserve Bank of India’s latest … Read more

Mumbai: India’s equity indices weakened on Thursday, mirroring an overnight sell-off on , after a sharp sell-off in the American pushed up the yields on long-term treasury bonds there. The  fell 0.8%, or 203.75 points, to finish at 24,609.70. The moved 0.8%, or 644.64 points, lower at 80,951.99. Both indices dropped as much as 1.4% … Read more

Mumbai:  are increasingly turning to the ‘s (RBI)  , which promise annual yields of up to 8.05% for a 7-year tenure, as fixed deposit rates head south quickly amid modest credit growth, ample liquidity, and expectations of further policy rate reductions. “Corporate and bank deposit rates have come down in line after the rate cuts … Read more

Mumbai: The profitability of most large listed broking firms took a severe beating in the March quarter, weighed down by a slew of stricter regulations, scrapping of some popular derivative products and lower trading activity in the wake of the stock market decline. For instance, Angel One recorded a 40% decline in its standalone profit … Read more

ET Intelligence Group: Terminals (AVTL), which operates  tank terminals across major ports in India, plans to raise ₹3,500 crore through fresh equity to repay debt and to fund capital expenditure. AVTL is a joint venture between ,which owns 50.1%, and the Netherlands-based Vopak, which holds 47.4%. After the , the promoter group holding will fall … Read more

New Delhi: Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either … Read more

Financial literacy is the key to navigating today’s complex financial landscape. However, many people are held back by common money myths, which lead to poor financial decisions. Understanding these misconceptions and knowing the truth behind them can empower you to make informed choices about your finances. Here’s a look at some prevalent money myths and … Read more