An under-construction Mumbai Ahmedabad bullet train station NEW DELHI: A delay of over four years has pushed up the cost of country’s first bullet train project by around 83% to Rs 1.98 lakh crore. The first leg of the project, between Surat and Bilimora, is scheduled to be inaugurated in Aug 2027, while the entire…
Ultra wealthy Indians are increasingly placing their bets on pink, blue and yellow diamonds, embracing the rare stones as both eye-catching statement jewellery and long-term investment assets. Coloured diamonds,far rarer than conventional white diamonds, have seen demand spiked by 20%-25% over the past year, even as prices continue to climb.According to jewellers and traders, since…
This is a representative image. NEW DELHI: Manufacturing activity in the country eased in Dec, marking the slowest improvement in the health of the sector in two years as export orders slowed and employment in the sector moderated while business sentiment faded to its lowest in nearly three and half years, a survey showed on…
Markets regulator Sebi is using AI-driven tools to analyse compliance of its rules. Sebi is also in the process of developing one such tool that would test the cybersecurity preparedness of its regulated entities, chairman Tuhin Kanta Pandey said. The Sebi chief was speaking at an BSE event to commemorate the 40th year of the…
Insurance behemoth Life Insurance Corporation of India (LIC) on Friday announced the launch of a two-month-long campaign for the revival of individual lapsed policies. This special drive, to be carried out from January 1 to March 2, 2026, is extended to all non-linked policies with a very attractive concession in late fee. Concession is being…
MUMBAI: Thinking of buying an air-conditioner in the new year or getting some fancy bathware or copper-based kitchen utensils to add to the aesthetics of your home? You may have to pay more, as the red metal used in several household products has surged in recent months. Copper prices surpassed a record $12,000 per tonne…
BENGALURU: India’s wealthiest individuals and entities spent more than Rs 7,100 crore buying just 51 ultra-luxury homes in 2025, signalling a sharp deepening of demand at the very top end of the residential property market, registration data analysed by Zapkey show. The transactions marked the highest-ever concentration of value in a limited number of home…
NEW DELHI: The commerce department on Friday unveiled a new interest subsidy mechanism targeted at MSMEs, along with a corpus to guarantee loans to small businesses that export. The interest subsidy scheme, which has an allocation of nearly Rs 5,181 crore spread over six years starting the current fiscal, will offer a 2.75% subsidy on…
NEW DELHI: With intense cold conditions prevailing in northern states, power consumption in Dec 2025 registered nearly 7% growth compared to Dec 2024. The number of electrical units consumed last month stood at 138.4 billion, up from 129.4 billion in Dec 2024. Source link
MUMBAI: In what will be its third NCD offering since its incorporation in 1993, Adani Enterprises will enter the bond market next week with a Rs 1,000 crore issue. The funds raised through the non-convertible debentures (NCDs) will largely be used to pare debt of over Rs 70,000 crore as of Sept 2025. The issue…
