The comments came a day after commerce and industry minister Piyush Goyal’s nudge to Japanese steel makers to source products from India, wherever it was available. Goenka also flagged challenges faced by pharma companies in registering their products in Japan. “That issue was raised as well, this is a challenge that is there… Pharma companies
SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a week to complete the subscription. That deadline fell on Aug 21. Zee allotted about 21 crore warrants at Rs 126 apiece to Sunbright Mauritius Investments, a promoter group entity, on that date. Sunbright had paid 25% of the amount —
Beyond consolidation, banks need to narrow the credit-deposit gap, mobilise stable low-cost deposits and curb concentration in high-risk unsecured retail loans while expanding credit to MSMEs, infrastructure and green investments. To measure efficiency, the study treated banks as institutions that use resources such as fixed assets, borrowed funds, operating expenses and employee costs to generate
Commerce and industry minister Piyush Goyalsaid that clarifications related to SEZ notification, which were flagged by some players, will also be looked at. He also said that govt is committed to making India a manufacturing base for electronics and semiconductors and offered to roll out the red carpet, including creating social infrastructure for Japanese companies
The shift narrowed RBI’s cumulative net sales for the fiscal year to -$14.5 billion and reduced its outstanding forward short position to -$103.3 billion. In the currency futures market, purchases and sales were balanced at $2.9 billion each, leaving zero net outstanding futures. The dollar purchases came as resident Indians increased outward remittances under the
Jana Small Finance Bank has sought a universal banking licence from RBI. RBI returned its initial application in June 2025, leaving the lender open to making a future submission. Jana was among the microfinance lenders that received a specialised banking licence in 2017. It began operations as a small finance bank in March and went
Industrial activity also remained supportive. PMI data showed that firms’ expectations for future output improved, pointing to a positive outlook for demand and new business opportunities. The economy, the article said, “continued to display strength notwithstanding these headwinds”, while retail inflation in Q1:2026-27 reflected limited pass-through of cost pressures and growth remained resilient.
Air India needs capital, but the $1.5 billion will be injected in phases, people familiar with the matter said. Co-owner Singapore Airlines will contribute its 25% share. Tata Sons had paused additional equity support in the year to March 2026. Its investment in Air India stood unchanged at Rs 22,618 crore in the FY2026 report,
The ambitious construction of India’s inaugural bullet train segment is well underway in Thane and Palghar. Currently, over one hundred kilometers of pier work is in progress, with many piers poised for girders. This essential elevated route will host three elevated stations, while several mountain tunnels have successfully broken through. Additionally, significant bridge construction is
Currently, more than 40% of the world’s oil supply is derived from conflict-ridden regions. Ongoing tensions in the Gulf and Ukraine have reduced refining abilities by 10%. As a result, reliance on U.S. oil has surged, leading to a depletion of global reserves after emergency releases have concluded. This situation has made rising fuel prices
