Category: Business

Business

Nirmala Sitharaman in U.S. Asheville city for G-20 finance ministerial meet

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Nirmala Sitharaman in U.S. Asheville city for G-20 finance ministerial meet

Union Minister for Finance Nirmala Sitharaman during a meeting with 3M Chairman and CEO William Brown on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, in Asheville. | Photo Credit: X/@FinMinIndia via PTI Finance Minister Nirmala Sitharaman arrived in the U.S. city of Asheville in North Carolina for the G-20…

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Business

FPIs turn buyers for second month, invest ₹30,919 crore in August

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FPIs turn buyers for second month, invest ₹30,919 crore in August

Foreign portfolio investors (FPIs) infused ₹30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improvingc, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ₹20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn ₹49,340…

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Business

Why gold should form 10% of investment portfolio

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Why gold should form 10% of investment portfolio

Long-term data shows gold behaves differently from equity and fixed income in most situations. File. | Photo Credit: Reuters Most investors think of portfolio in terms of equity and fixed income. Gold is an afterthought. That approach misses the point. Gold deserves a deliberate, planned allocation of about 10% of every portfolio and here is…

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Business

Committed to conclude trade pact talks this year with Chile: Centre

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Committed to conclude trade pact talks this year with Chile: Centre

Union Commerce Secretary Rajesh Agrawal, during a meeting with Paula Estévez Weinstein, Vice-Minister of International Economic Relations of Chile, on August 27, 2026. | Photo Credit: X/@DoC_GoI India is committed to conclude negotiations for a comprehensive trade agreement with Chile this year as it would help further strengthen economic ties between the two countries, the…

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Business

India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies

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India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies

India has emerged as a key supplier of gasoline (petrol) to Russia amid a surge in Russian fuel imports triggered by Ukrainian drone attacks on refineries, ship tracking data showed. File | Photo Credit: Reuters India has emerged as a key supplier of gasoline (petrol) to Russia amid a surge in Russian fuel imports triggered…

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Business

Mcap of 7 of top-10 most-valued firms erodes ₹1.13 lakh crore; Airtel, Reliance worst hit

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Mcap of 7 of top-10 most-valued firms erodes ₹1.13 lakh crore; Airtel, Reliance worst hit

The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35%, and the NSE Nifty dipped 76.35 points, or…

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Business

No material price impact on CBG with revised offtake framework, ensures plants operate sustainably: Govt.

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No material price impact on CBG with revised offtake framework, ensures plants operate sustainably: Govt.

Addressing concerns about compressed biogas (CBG) becoming increasingly expensive with the revised offtake price, the Union Petroleum Ministry assured the pricing cushioned with government-funded support and stacking with a substantially wider gas pool would avert any material price impact. The Union Cabinet August 6 approved the GOBARdhan scheme that introduced CBG offtake price of ₹2,110…

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Business

HDFC Bank CEO Jagdishan to step down, decides not to seek reappointment

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HDFC Bank CEO Jagdishan to step down, decides not to seek reappointment

Sashidhar Jagdishan had taken over as the bank’s MD & CEO after the retirement of Aditya Puri. File photo: HDFC Bank website HDFC Bank’s Sashidhar Jagdishan has conveyed his decision not to seek his re-appointment as the managing director & chief executive officer (MD&CEO) of the Bank, the largest private sector bank, said in an exchange…

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Business

Zee’s Subhash Chandra accuses Mukesh Ambani of spreading misinformation, RIL denies allegations

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Zee’s Subhash Chandra accuses Mukesh Ambani of spreading misinformation, RIL denies allegations

Chairman of Zee Entertainment Enterprises Limited and promoter of the Essel Group of Companies, Subhash Chandra. File | Photo Credit: The Hindu Zee TV Group founder Subhash Chandra has accused Reliance Industries Ltd. (RIL) Chairman & Managing Director Mukesh Ambani and RIL owned media entities of orchestrating a misinformation campaign against him, causing disrepute.  Also…

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Business