Business

MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…

MUMBAI: The RBI brought a large quantity of gold back to India during Oct 2025-March 2026, even as the share of the yellow metal in forex reserves rose sharply with soaring gold prices and a decline in foreign currency assets.According to data released by RBI in its half-yearly report of foreign exchange reserves, domestically held…

The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…

NEW DELHI: Russia remained the largest source of crude for India in April, supplying 1.6 million barrels a day (mbd), followed by Saudi Arabia, the UAE, Venezuela and Qatar, data from shipment-tracking firm Kpler has shown.India imported nearly 4.4 mbd of crude in April, marginally lower than in March (4.5 mbd) and 85% of Feb…

Representative image (AI-generated) US President Donald Trump on Thursday announced that he would remove tariffs and restrictions on whiskey linked to trade between Scotland and the US state of Kentucky.In a post on Truth Social he wrote, “In Honor of the King and Queen of the United Kingdom, who have just left the White House,…

NEW DELHI: Monthly domestic urea production has rebounded to last year’s levels, fertiliser ministry said on Thursday, noting that output of the most widely used soil nutrient reached 21 lakh tonnes in April, which was the same as the level recorded a year earlier.In March, domestic urea output had tumbled to around 16 lakh tonnes…

NEW DELHI: With focus on building resilience in the shipping sector, amid the West Asia conflict and increased instances of global supply chain disruptions, govt will adopt a “structured tender” approach for manufacturing specialised vessels, such as gas and oil tankers, and fertiliser carriers. Under this, some vessels in the tender would be built overseas…

Long ago, Indian kitchens ran on firewood, charcoal, and cow dung cakes. Today, almost every home runs on that one familiar blue flame: LPG.That familiar red gas cylinder is what keeps it all going. The steady blue flame is powered by LPG or Liquified Petroleum Gas, which has travelled a complex journey: crossing oceans, borders,…

Value 360 Communications Limited will open its initial public offering (IPO) for subscription on May 4 with the public issue closing on May 6, according to a statement issued on Thursday by the company. The company plans to raise up to Rs 41.69 crore through the SME issue, which will be listed on NSE Emerge.The…

Indian markets are set for a shortened trading week, with the NSE and BSE remaining closed on Friday, May 1, for Maharashtra Day. The holiday will pause trading across equity, equity derivatives and related segments.For investors planning trades or settlements, Friday’s closure will be the latest scheduled market break after the April 14 holiday observed…