The Supreme Court appointed a retired judge to mediate a family dispute. This mediation concerns over one lakh crore rupees in assets between Baba Kalyani and his sister. The court gave the parties two weeks to attempt a settlement. Earlier, the Bombay High Court refused to send the dispute to mediation. The Supreme Court urged
Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non-Resident Indians. She called for introducing innovative deposit products to sustain foreign currency deposit momentum. Banks reported significant interest from NRIs in several key global locations. Attractive returns are being offered on FCNR(B) deposits, including five-year options. This initiative aims to mobilize further foreign currency
The Supreme Court upheld SEBI’s action against Kotak Mahindra Asset Management Company. Senior executives, including Nilesh Shah, faced penalties for mutual fund rule violations. The court rejected the defense that investors did not suffer any financial losses. It emphasized regulatory compliance over investor gains, issuing a stern warning. Kotak AMC and its trustee company were
Retail inflation rose to 4.4% in June, crossing the 4% mark. Food prices accelerated, and fuel price hikes contributed to this increase. Restaurants and accommodation services saw inflation rise to 6.9 percent. Personal transportation costs also increased significantly after recent fuel price adjustments. This marks the first time inflation surpassed 4% in the new CPI
India’s trade deficit reached a five-month high as imports surged significantly. Exports showed continued growth, but were overshadowed by increased import costs. Crude oil and fertilizer imports saw substantial year-on-year expansion in June. Electronics and engineering goods led export growth, while gold imports remained stable. Analysts anticipate a widening current account deficit for the fiscal
India and the United States are making good progress on their bilateral trade deal. A framework agreement for the trade pact is now ready for signing. Both nations have reaffirmed their commitment to a balanced and commercially meaningful agreement. Discussions are ongoing to finalize the deal, which will benefit businesses and consumers. The timing of
The acquisition will bring nearly 5 gigawatt-peak (GWp) of contracted renewable energy capacity into ABRen’s portfolio, comprising around 3.3 GWp of operational projects and another 1.7 GWp currently under construction. Following the transaction, ABRen’s total portfolio will expand to about 9.3 GWp.
Dubai’s residential property sales saw a sixteen percent decrease in early 2026. This slowdown occurred as regional geopolitical tensions impacted buyer sentiment and demand. Despite this, sales remained fifteen percent higher than in the first half of 2024. Residential property prices saw a slight decline between February and April. However, 2025 was a record year
Trump’s announcement comes after another major exchange of fire cast fresh uncertainty over efforts to negotiate an end to the conflict. Before Iran asserted control over the Strait of Hormuz after the war began, about one-fifth of the world’s oil and gas supplies moved through the strategic waterway.
India-US trade deal: India is seeking a tariff structure under the proposed agreement that provides it with a comparative advantage over competing countries.
