Business

MUMBAI: The central board of Reserve Bank of India has approved a proposal to move to a risk-based pricing system for deposit insurance, marking a shift from the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.Announcing the banking reform measures alongside the monetary policy decision in Oct,…

File photo: Elon Musk (Picture credit: ANI) Elon Musk secured a major legal victory on Friday after the Delaware Supreme Court cleared the way for him to receive a long-disputed Tesla pay package worth about $55–56 billion, reversing an earlier ruling that had stripped him of the compensation. The decision likely marks the end of…

MUMBAI: The rupee staged its strongest single-day rise since May 2025 on Friday, closing at 89.27 per dollar, up 97 paise from Thursday’s 90.24. It briefly moved above the 90-per-dollar mark late in the session. The gain capped a third straight advance after a run of record lows earlier in the month.The rupee saw sharp…

Guwahati airport gets new terminal! Prime Minister Narendra Modi is set to inaugurate the new terminal building of Lokapriya Gopinath Bardoloi International Airport in Guwahati today. On Friday, he shared striking images of the facility ahead of the event. Calling it a major boost to Assam’s infrastructure, the Prime Minister said the upgraded airport will…

NEW DELHI: Corporation tax collections overtook the non-corporate tax mop-up, which went up 1.3%, pulling down the gross direct tax collections growth to 4.2% till mid-Dec with the overall kitty swelling past the Rs 20 lakh crore mark.Latest data released by the income tax department pegged corporation tax collections up to Dec 17 at Rs…

The Union government has cleared a Rs 887-crore plan to develop a world-class marina in Mumbai Harbour, a move aimed at boosting coastal shipping, maritime tourism and waterfront development in India’s financial capital. The project, called the ‘Viksit Bharat Mumbai Marina’, has been approved by the ministry of ports, shipping and waterways and is aligned…

MUMBAI: Adani Group, India’s fifth-largest conglomerate by market value, intends to bid for nearly a dozen airports slated for privatisation as part of its Rs 1-lakh-crore investment plan for aviation infrastructure over the next five years. Earlier this year, govt announced plans to lease out 11 airports, including those in Amritsar and Varanasi.“Out of the…

MUMBAI: Billionaire Gautam Adani is checking into hospitality in a big way, with plans to build “one of the country’s largest hotel portfolios”, anchored around his group’s airports and real estate assets. The move positions the group in direct competition with Tata Group’s Taj, ITC Hotels, and the Oberoi chain (in which Reliance Industries and…

NEW DELHI: Delhi HC on Friday sought a response from Customs department on a plea filed by InterGlobe Aviation, the operator of IndiGo airline, seeking a refund of over Rs 900 crore paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs, reports Abhinav Garg.A bench of Justices V Kameswar…

NDA functionaries, including ministers, would soon hit the ground to explain and create more awareness about benefits of the new rural employment guarantee scheme VB G-RAM-G, which has replaced the UPA-era MNREGA, to negate the opposition’s narrative. This was discussed at Friday’s Cabinet meeting, which PM Modi chaired soon after his foreign trip, sources said.TOI…