Latest News, Updates & Breaking Headlines
MUMBAI: Less than one out of 10 households in India (9.5%) invest in securities market-related financial products like stocks and mutual funds, a Sebi survey showed. This is despite 63% of the country’s total 33.7 crore households knowing about at least one of these products.Among states, nearly 21% of households in Delhi invest in securities…
MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below…
BENGALURU: American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies in the US for $500 million for patent infringement.The plaintiffs allege that Hexaware’s flagship modernization platforms — RapidX, Amaze, and Tensai/ATOP — illegally incorporate Natsoft’s patented technologies covering automated code testing, business-rule extraction, code generation, and legacy modernisation.Plaintiffs alleged that Hexaware…
The government’s newly proposed regulations seek to classify breaches of online money gaming protocols as non-bailable violations, with accountability extending to all company personnel involved in facilitating such infractions, as per the draft guidelines issued on Thursday.The proposed regulations would authorise designated officers to conduct warrantless searches and arrests at any location, physical or digital,…
Airbus team with various union ministers (image posted by Piyush Goyal and S Jaishankar on X respectively) Airbus’ board members completed their four-day visit to India on Thursday. India represents a crucial market for the aerospace company, as confirmed by an official, as quoted by PTI.The board conducted their first meeting in India since beginning…
NEW DELHI: Govt’s efforts to deepen the Indian component ecosystem for electronics has received a massive boost with domestic and international companies putting in applications for investing over Rs 1.1 lakh crore in new projects – almost twice to the original target – which have the potential to result in creating incremental production to the…
Piyush Goyal meets Airbus board led by chairman René Obermann to India NEW DELHI: Commerce and Industry Minister Piyush Goyal conducted meetings with Airbus Board members, headed by Chairman Rene Obermann, discussing investment prospects and related matters in India.“Welcomed the @Airbus Board, led by their Chairman, Mr. René Obermann to India. We had an engaging…
Warren Buffett-owned Berkshire Hathaway is set to acquire Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion, marking possibly the last major deal under the billionaire investor who owns the firm, set to retire by year-end.Notably, Buffett’s name was absent from Thursday’s announcement materials, as reported by Associated Press, suggesting a transition of leadership to Vice…
Tata Motors has reclaimed the second spot in India’s passenger vehicle market, overtaking Hyundai Motor India and Mahindra & Mahindra in September, thanks to a strong performance in both SUVs and electric vehicles (EVs). The company has also widened its lead over the JSW MG Motor in the EV segment.According to government data from the…
The Unique Identification Authority of India (UIDAI) has announced a revised fee structure for Aadhaar-related services, effective October 1, 2025, and applicable until September 30, 2028. Subsequent adjustments are scheduled from October 1, 2028, to September 30, 2031.Under the new rates, standard service fees will rise: services previously costing Rs 50 will increase to Rs…
