Boost for realty, infra firms as RBI overhauls ECB norms

MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…

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Urban India’s high five to domestic help apps

BENGALURU: Unpacking suitcases, arranging wardrobes, handling time-consuming tasks such as peeling pomegranates and garlic, or prepping for weekend gatherings – these are among the chores urban households are increasingly getting done through domestic help apps, alongside routine chores such as dishes and laundry.What began as a convenience experiment is now scaling rapidly across parts of…

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AI is ‘root and branch surgery’, says Nandan Nilekani

Nandan Nilekani (File photo) BENGALURU: Calling the AI shift a “root-and-branch surgery” of how businesses function, Infosys chairman Nandan Nilekani urged enterprises to rethink not just technology stacks but also how employees work, adapt, and create value in an AI-first world. Speaking at the Infosys Analyst Day held on Tuesday, Nilekani said the conversation around…

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Asian stocks today: Nikkei adds over 700 points after US-Japan deal; markets in China, Korea remain shut

Asian equities edged higher on Wednesday as investors weighed developments in US-Iran nuclear discussions and fresh details of Japan’s investment commitments to Washington.Tokyo led regional gains, with the Nikkei rising 1.23% or 684 points to 57,250 at 10:07 am IST, after the United States confirmed the first batch of funding from the $550 billion Japan…

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Maruti rolls out e-Vitara at under Rs 11 lakh

The pricing noted applies to the 49 kWh variant and is based on an assumed daily usage of 60 km. NEW DELHI: India’s electric vehicle market is set for intense competition with Maruti Suzuki launching the all-new e-Vitara at a starting price of Rs 10.99 lakh, with a Rs 3.99 per km Battery-as-a-Service (BaaS) ownership…

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US, Japan seal ‘massive’ trade deal; Tokyo to invest $550 billion in America; key details of the pact

US President Donald Trump on Tuesday announced a “MASSIVE Trade Deal with Japan,” under which Tokyo will make a “$550 BILLION commitment to invest in the United States of America.” The White House unveiled three large-scale investment projects backed by Tokyo with a combined value of $36 billion, representing the first tranche under Japan’s $550…

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