Business

NEW DELHI: India’s capital markets have remained resilient and recorded strong and sustained growth against the backdrop of geopolitical tensions, trade uncertainties, tariff barriers, the pandemic and emerging challenges such as AI, Securities and Exchange Board of India chairman (Sebi) Tuhin Kanta Pandey said on Friday.“This shows the underlying strength of our market institutions and…

IndiGo, the country’s largest airline is set to go on a hiring spree, bringing over 1,000 pilots on board. This comes after the aviation giant faced massive operational disruption last December, when the company was forced to cancel more than 5,000 flights within seven days.The fresh intake will span trainee first officers, senior first officers…

BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs…

NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment…

NEW DELHI: The India-US trade arrangement will expand cotton demand rather than hurt domestic growers, commerce and industry minister Piyush Goyal said on Friday, while asserting Indian farmers stand to gain from rising textile exports.“This will also not hurt our cotton producers… I can see before my eyes a huge requirement for more cotton and…

MUMBAI: After the Tata and JSW Groups, the Adani Group is firming up plans to enter the nuclear energy sector. This week, the Ahmedabad-based infrastructure conglomerate incorporated a new company, Adani Atomic Energy, for the purpose. The company, a wholly owned subsidiary of Adani Power, will “generate, transmit and distribute electricity derived from nuclear and…

MUMBAI: The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).On Friday, Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of…

MUMBAI: Reserve Bank of India has set a minimum net worth of Rs 500 crore for a company to be eligible for acquisition financing with even unlisted companies qualifying for such funding. Through its Amendment Directions, 2026, effective April 1, the central bank expands the credit activities commercial banks may undertake, with acquisition finance at…

NEW DELHI: Supporting e-commerce, particularly electronics-oriented exports, can contribute to export diversification, job creation, and overall economic growth, govt think tank Niti Aayog has said and called for coordinated policy and regulatory reforms to advance cross-border e-commerce.The report released on Friday said that with growing global demand for Indian products, wider adoption of digital platforms,…

New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of…