Cabinet approved 43.218 km Link/Connector Corridor connecting NH-31 and Varanasi Ring Road along the River Varuna . NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved two highway projects to further strengthen infrastructure in Varanasi (Kashi) by constructing a 43.2-km, predominantly 6/4-lane elevated corridor along the Varuna riverbank and a 46.04-km, predominantly…
Just as global energy supplies were beginning to stabilise after nearly four months of disruption, Iran has issued a fresh warning over the Strait of Hormuz. This time, however, the threat could extend far beyond the waterway.As tensions in the Middle East intensify again, Iran has warned that it could expand efforts to disrupt regional…
MUMBAI: HDB Financial Services reported net profit of Rs 785.2 crore for the June 2026 quarter, up 38.3% from Rs 567.7 crore in the year-ago period, driven by steady growth in net interest income and a moderate rise in non-interest income alongside stable credit costs.Net interest income rose to about Rs 2,508.7 crore from Rs…
A common mistake investors make is replacing mutual funds solely because they underperformed over a short period. (AI image) The author is CEO of PaisabazaarFor many salaried individuals, a new financial year begins with bigger paychecks and bonuses. With higher income, the immediate instinct may be to invest in a new mutual fund scheme, increase…
NEW DELHI/MUMBAI: Government has begun the exercise to decide on the process for sale of its stake in IDBI Bank and is looking to speed up the process months after rejecting bids that were below the reserve price.Two high-powered meetings of officials took place on Monday, govt officials said, with focus on two qualified bidders-Prem…
Returns From ECBs, Foreign Currency Bonds On Wait & Watch Due To Longer Durations MUMBAI/NEW DELHI: Bankers expect India to draw $80-85 billion of foreign capital through the RBI’s swap-backed push spanning FCNR(B) deposits, external commercial borrowings and overseas foreign currency bonds issued by banks, though the timing of inflows is likely to be uneven…
The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet…
MUMBAI: Reserve Bank of India has proposed changes to bank shareholding norms to ease investment by domestic institutional investors, while tightening disclosure and monitoring to maintain regulatory oversight. The amendments will make it easier for fund managers that are part of a financial conglomerate to acquire shares in private banks without triggering acquisition norms.RBI has…
NEW DELHI: Driven by an uptick in food prices and pressure on energy prices due to the West Asia conflict, wholesale price index (WPI) based factory gate inflation surged for the ninth consecutive month to touch a 27-month high of 9.9% in June, as against 9.7% in May, official data showed.Similarly, the inflation in output…
Top stocks to buy today (AI image) Stock market recommendations: Route Mobile, Tata Power, and Dr. Reddy’s Laboratories – these are the top stocks to buy picked by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 15, 2026. Route Mobile: Bullish Breakout Signals Fresh Upside PotentialBuy: Rs 584–Rs 575 | Stop…
