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No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts

New Delhi, June 24 -- The RBI's latest amendments to the Scale-Based Regulation framework have effectively shut the door on any regulatory relief for Tata Sons, reinforcing the requirement for the hol... Read More


Challenging times: Value of top-500 privately held cos fall 11% to $3.4 trillion

New Delhi, June 24 -- The value of top-500 privately held companies in India has fallen 11 per cent last year to $3.4 trillion against $3.8 trillion logged in 2024 on the back of challenging times acr... Read More


RBI finalises Rs.1 lakh cr & above as asset size criteria for classifying a NBFC in Upper Layer

New Delhi, June 24 -- The Reserve Bank of India (RBI) has finalised Rs.1 lakh crore and above as the asset size criteria for classifying a Non-Banking Financial Company (NBFC) in the Upper Layer (UL).... Read More


Crude oil futures fall nearly 1% as Hormuz tanker traffic improves

New Delhi, June 24 -- Crude oil futures traded lower on Wednesday morning following reports of improved oil tanker traffic through the Strait of Hormuz. At 9.29 am on Wednesday, September Brent oil f... Read More


EXL to acquire iMerit for $310 million to enhance AI capabilities

New Delhi, June 24 -- ExlService Holdings, a global data and AI company, today announced a definitive agreement to acquire iMerit, an AI model training, evaluation and reinforcement learning player. T... Read More


Kolkata warehouse collapse kills 5, injures 20

New Delhi, June 24 -- At least five people were killed and 20 injured after a three-storey under-construction warehouse at Kolkata's Taratala area collapsed on Wednesday. West Bengal Chief Minister S... Read More


Markets open cautiously; Tech stocks lead gains, Bajaj Auto drags

New Delhi, June 24 -- Markets opened on a cautious note on Wednesday morning, with the Sensex and Nifty showing marginal gains despite lingering global headwinds. The Sensex, which closed at 76,200.68... Read More


Solar rooftops slash household power bills to zero in Kerala, Rajasthan

New Delhi, June 24 -- The Centre's flagship rooftop solar programme is beginning to deliver on its promise of sharply reducing household electricity costs, with Kerala and Rajasthan emerging as the le... Read More


PMS inflows plunge 84 per cent in May on weaker fresh allocations

New Delhi, June 24 -- Net inflows into portfolio management services (PMS) fell 84 per cent month-on-month to Rs.4,085 crore in May from Rs.25,185 crore in April, as gross inflows declined 44 per cent... Read More


Editorial. Meta transformation

New Delhi, June 24 -- Meta's decision to appoint Kunal Shah as the global head of WhatsApp while simultaneously investing $900 million in CRED is not just a leadership change; it is a signal of where ... Read More