Latest News, Updates & Breaking Headlines
NEW DELHI: Byju’s founder Byju Raveendran is preparing to file a $2.5 billion damages claim, alongside new evidence in a US court that he says disproves Glas Trust’s allegations that $533 million in ‘alpha funds’ was diverted by the company’s founders.A US bankruptcy court had, in a default ruling last week, ordered Raveendran to pay…
JP Morgan, Maquire see 30K nifty level by end-2026JP Morgan has raised the base case for the nifty target to 30,000 points for end-2026. Analysts feel with supportive fiscal and monetary policies, recovering domestic demand and broad-based sectoral growth, corporate earnings are set to rebound. They feel India’s valuations remain at a premium, but the…
NEW DELHI: The economy enters the second half of FY26 on a stable footing, anchored by well-contained inflation, resilient domestic demand and supportive policy dynamics, even as global uncertainties warrant continued vigilance, a finance ministry report said on Thursday.The monthly report for Oct also cautioned that global uncertainties – including shifting trade policies, geopolitical frictions,…
NEW DELHI: Capital markets regulator Sebi on Thursday cancelled the registration of 68 investment advisers for failing to pay renewal fees.The list of cancelled entities includes Truenorth Labs, Equity Mantra, Saurabh Mundra, Sheetal Agrawal, Ateet Hemant Wagh, Getbasis Securities and Technologies India, Lucid Technologies, and Avenue Venture Partners Investment Adviser LLP, among others. According to…
MUMBAI: An arm of the National Payments Corporation of India has launched a platform that promises the RBI far greater oversight of net banking transactions, including payments linked to crypto or gaming.NPCI Bharat BillPay Limited has rolled out Banking Connect, an interoperable system that allows any merchant integrated through a payment aggregator to receive payments…
MUMBAI: Ikea is stepping up India expansion with plans to open four to five stores annually in the market where people are widening their budgets for home furnishing and decor, boosting growth prospects. This compares with all of six stores that the Swedish company launched in the country through the first seven years of its…
Mahindra & Mahindra’s Rajesh Jejurikar NEW DELHI: As relations between India and China seem to be mending on the business front, local auto major Mahindra & Mahindra has said Indian carmakers are open to competing with Chinese brands, provided they “compete on equal terms” and adhere to localisation norms of the country.Mahindra has been betting…
NEW DELHI: The income tax department has launched a fresh campaign to nudge those with overseas assets or income to disclose details in India. Initially, around 25,000 high-risk cases will be targeted through SMS and e-mails, with the campaign proposed to be expanded mid-Dec to cover others, and improve the compliance ecosystem.The initiative comes exactly…
The European Central Bank (ECB) sees interest rates as appropriately placed for now but has left room for potential cuts in 2026, according to minutes of its October meeting released on Thursday, AFP reported.The minutes showed that October’s unanimous decision to hold the key deposit rate at 2 per cent reflected broad agreement with Chief…
SoftBank-backed e-commerce firm Meesho will open its initial public offering on December 3, featuring a Rs 4,250-crore fresh issue of shares, according to the red herring prospectus filed on Thursday. The issue will close on December 5, while anchor investors will be allotted shares on December 2, PTI reported.Alongside the fresh issue, the IPO will…
