Economy

Seoul/New Delhi: The Indian subsidiary of Hyundai Motor is seeking to raise up to 4.4 trillion won ($3.26 billion) through an initial public offering (IPO), according to the carmaker on Thursday. Hyundai Motor said in a regulatory filing…
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New Delhi: The collective wealth of India’s 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country’s richest tycoons are now wealthier than they were a year ago, a Forbes…
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Ahmedabad: The Adani Group on Wednesday said that Mundra Port, India’s largest commercial port, has been honoured with a special postal stamp, marking its silver jubilee year. The commemorative stamp, released on World Post Day,…
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Mumbai: Indian frontline equity indices closed in the red on Wednesday as they erased gains in the last hour with Reliance, and Nestle shares pulling them lower. At closing, Sensex closed at 81,467, down 167 points, or 0.21 per cent, and…
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New Delhi: Private equity (PE) investment in India's real estate sector surged by 9 per cent to reach $2.2 billion in the third quarter (July-September period) this year, which is double the investment made in the same quarter last year.…
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New Delhi: The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday.…
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New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das said banks and NBFCs need to carefully assess their exposures in unsecured loan areas, both in terms of quality and size. During his briefing on the decisions of the RBI…
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New Delhi: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced an increase in pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. With new guidelines, the users will soon be able to do…
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Singapore: President Yoon Suk Yeol said on Wednesday that a unified, nuclear-free Korean Peninsula would contribute to peace and stability in the Indo-Pacific region and unlock new opportunities across a large, interconnected market.…
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New Delhi: Driven by vehicle financing, securitisation volume in India rose 56 per cent (year-on-year) to Rs 70,000 crore in the second quarter of this fiscal (FY25), a report showed on Wednesday. This was propelled by large issuances by…
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