Business

MUMBAI: Citi expects a repeat of, or potentially a new record, equity IPO issuance in India in 2026, with total fund-raising of $15-20 billion, while a sharp pickup in external commercial borrowings (ECBs) could follow if proposed regulatory changes are implemented. Net foreign portfolio investor (FPI) inflows into equities, however, are likely to turn decisively…

Stock market today (AI image) Stock market today: Indian stock market benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday. While Nifty50 was above 25,700, BSE Sensex was up over 200 points. At 9:16 AM, Nifty50 was trading at 25,712.30, up 47 points or 0.18%. BSE Sensex was at 83,611.83, up 229 points…

NEW DELHI: In a big relief to millions of its members who face difficulty in validating their past service records while filing advance or final settlement claims, Employees Provident Fund Organisation (EPFO) is set to deploy new-age technologies like artificial intelligence (AI), blockchain and machine learning (ML) to authenticate member records, reports Shiva Rajora.“People who…

NEW DELHI: Unemployment rate for those in the 15 years and above age group inched up marginally in Dec while the labour force participation rate (LFPR) maintained an upward momentum, the periodic labour force survey monthly showed ThursdayThe overall joblessness rate was estimated 4.8% in Dec compared to 4.7% in Nov. The survey results showed…

NEW DELHI: India and the European Union are “very close” to finalising a trade deal with negotiators from the two sides working hard to bridge the gaps before the leaders from the two sides meet here around Republic Day, commerce secretary Rajesh Agrawal said Thursday.“We have closed 20 out of 24 chapters completely. There are…

India’s merchandise exports to the US slipped 1.83% year-on-year to $6.88 billion in December 2025, weighed down by higher tariffs imposed by Washington, according to Commerce Ministry data released on Thursday, PTI reported.Exports to the US had stood at $7.01 billion in December 2024. The latest contraction follows declines in September and October last year,…

India’s merchandise exports to China surged 67.35% year-on-year to $2.04 billion in December, driven by higher shipments of electronics, marine and agricultural products, according to Commerce Ministry data released on Thursday.The sharp rise was led by exports of oil meals, marine products, telecom instruments and spices. In the electronics segment, key items registering strong growth…

Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The…

The country’s smartphone exports rose 43.7 per cent to USD 18.8 billion during the April-November period this fiscal year, according to the commerce ministry data released on Thursday. It was USD 13.08 billion in April-November 2024-25 and USD 9.07 billion during April-November 2023-24. The data showed that the US was the major destination for the…

NEW DELHI: India has an investment potential of over ₹40 lakh crore in the power sector, Union minister Manohar Lal Khattar said on Thursday at a curtain-raiser for a global conference on the power sector.“We estimate an investment potential of over $345.97 billion in electricity generation and $68.22 billion in transmission and distribution. The energy…