The government will divest up to a 4 per cent stake in state-owned Indian Railway Finance Corporation Ltd (IRFC) through an Offer for Sale (OFS) beginning Wednesday, according to a regulatory filing by the company.The floor price for the OFS has been fixed at Rs 104 per equity share, IRFC said, adding that the stake…
BENGALURU: Loyalty management platform operator Capillary Technologies India late Tuesday announced the acquisition of Mastercard-owned Session M, in an all-cash $20 million deal.The Bengaluru-headquartered company, which went public in November 2025, will invest into Session M Inc and related entity Session M Czech Republic, through Capillary Pte Ltd, as per a stock exchange disclosure.Founded in…
Union Minister of Commerce and Industry, Piyush Goyal and Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (Photo credit- PTI) India and the Gulf Cooperation Council (GCC) have formally launched negotiations for a comprehensive Free Trade Agreement (FTA) after signing a joint statement aimed at deepening trade and investment ties between the two…
The Union Cabinet has approved a higher minimum support price (MSP) for raw jute for the 2026-27 marketing season, raising the benchmark rate to Rs 5,925 per quintal to ensure remunerative returns for farmers.The MSP for TD-3 grade raw jute has been fixed at Rs 5,925 per quintal, representing an increase of Rs 275 per…
US stocks traded largely steady on Tuesday, a day after sharp losses driven by fears that artificial intelligence could disrupt businesses and industries, even as investors found some reassurance in fresh AI-related investment momentum.The S&P 500 slipped 0.1%, after falling 1% in the previous session amid concerns over AI’s long-term economic impact. The Dow Jones…
BENGALURU: India’s next-generation Fastag system may not require a physical tag at all. Vehicles could be identified through roadside cameras, their type and number detected in real time, and tolls deducted automatically without a windshield sticker, Pramod Varma, a key architect of India’s digital public infrastructure (DPI), said on Tuesday.Speaking at the ConvoZen Conversational AI…
IDFC First Bank disclosed that employees at its Chandigarh branch carried out unauthorised dealings in accounts linked to the Haryana government. (AI image) IDFC First Bank fraud case: Haryana Chief Minister Nayab Singh Saini on Tuesday told the state assembly that the government has succeeded in recovering nearly Rs 556 crore linked to the IDFC…
Union cabinet has approved the development of a new civil enclave at Srinagar International Airport at an estimated cost of Rs 1,677 crore, a move aimed at strengthening aviation infrastructure and connectivity in Jammu & Kashmir, according to an official statement.The project, cleared by the CCEA chaired by Prime Minister Narendra Modi, will involve construction…
Equity benchmark indices Sensex and Nifty ended sharply lower, falling more than 1 per cent, as heavy selling in information technology stocks combined with global trade uncertainties and rising geopolitical tensions to weigh on investor sentiment.The NSE Nifty declined 288.35 points, or 1.12 per cent, to close at 25,424.65 after touching an intraday low of…
The Union cabinet has approved three railway multitracking projects worth Rs 9,072 crore aimed at expanding network capacity and easing congestion across Maharashtra, Madhya Pradesh, Bihar and Jharkhand, according to an official statement.The projects includes, Gondia–Jabalpur doubling, Punarakh–Kiul third and fourth line, and Gamharia–Chandil third and fourth line, will together add about 307 km to…
