Business

MUMBAI: India’s deal engines are humming louder than ever, and bankers are counting the spoils. Record IPOs and robust M&As lifted investment banking (IB) fees in India to $1.3 billion in 2025, with Jefferies’ bankers set to take home sizable gains as the American firm’s fees approached $100 million.Jefferies topped India’s IB fee league table…

MUMBAI: Large banks show a continued trend of credit growth outpacing deposit mobilisation in the quarter ended Dec 31, 2025, with most lenders reporting advances rising faster than liabilities, and shifting deposit mix in favour of term deposits over current and savings accounts (CASA).India’s largest private bank HDFC Bank reported gross advances of around Rs…

MUMBAI: London-based private equity (PE) firm Apax Partners has picked up an over 35% minority stake in iD Fresh Food in a deal pegged at more than Rs 1,500 crore, said people aware of the matter. As part of the transaction, Apax Partners has acquired some stakes from the company’s existing shareholders Premji Invest and…

MUMBAI: Reserve Bank of India on Monday warned non-banking financial companies in Mumbai to tighten underwriting and monitor risks closely, marking the third caution in eight days.The RBI met managing directors and CEOs of select NBFCs, including govt NBFCs, housing finance companies and microfinance institutions. The governor said while NBFCs play a key role in…

NEW DELHI/ MUMBAI: Indian stock market indices were in the red on Monday, while the rupee extended its weakness against the US dollar, amid concerns over American President Donald Trump’s fresh comments over tariffs.The bellwether BSE sensex closed 0.4% or 332 points lower at 85,440 points, while NSE closed 0.3% lower at 26,250. The sensex…

NEW DELHI: Crude oil prices are expected to soften significantly in 2026 and may touch $50 per barrel by June, an analysis by SBI Research showed on Monday. The deceleration is likely to be faster which could have a positive impact on inflation and growth, it added.The report said that the US Energy Information Administration…

BENGALURU: For much of 2025, artificial intelligence did not enter people’s lives through dramatic product launches or viral demos. Instead, it slipped in quietly, taking over small, repetitive tasks that many users barely noticed. What began as casual experimentation with chatbots has, for many, evolved into a set of everyday tools that now handle remembering,…

Copper touched $13,000 a ton for the first time, extending last year’s scorching rally as mine outages and trade dislocations fuel concerns over supplies of the key industrial metal. Benchmark futures rallied as much as 4.3% in London. A strike at the Mantoverde mine in Chile was just the latest supply disruption at a time…

India is planning to shift to net domestic product (NDP) as its main measure of economic activity, moving away from gross domestic product (GDP), in line with the United Nations’ System of National Accounts (SNA) 2025 guidelines. The change is expected to be implemented from 2029–30, according to official sources quoted by Economic Times.The statistics…

ONGC will take a 50 per cent stake in two joint ventures with Japan’s Mitsui OSK Lines (MOL) to enter specialised ethane shipping.The joint ventures will each own a very large ethane carrier (VLEC), with ONGC and MOL holding equal equity. The vessels, with a combined cost of about $370 million, will transport ethane from…