Bulgaria was preparing to switch to the euro on Wednesday night to become the 21st eurozone member, amid concerns the move could usher in higher prices and add to political instability rattling the Balkan country.At midnight (2200 GMT Wednesday), Bulgaria will wave goodbye to both 2025 and its lev currency, which has been in use…
MUMBAI: India’s dealmaking activity is expected to keep up the pace next year after a strong run in 2025. Domestic consolidation hit $104 billion this year, its strongest showing in two years, while inbound deals climbed to $30 billion as banks from East Asia and West Asia acquired stakes in Indian lenders. Outbound deals surged…
PM Modi and FM Sitharaman NEW DELHI: Prime Minister Narendra Modi on Tuesday underlined the need for reforms and deregulation, signalling govt’s priority for the next budget.During a pre-budget meeting with economists, which is now a part of PM’s annual calendar in the run-up to the budgetary exercise, with the theme ‘Aatmanirbharta and Structural Transformation:…
India rolled out a new trade measure on Tuesday, imposing safeguard duties on certain steel imports for a period of three years. The move comes as a push to protect domestic manufacturers from a surge in low-cost overseas supplies, particularly from China.As per a finance ministry notification, the safeguard duty will stand at 12% in…
MUMBAI: Dalal Street is preparing for what could be its biggest year in the primary market, with 2026 expected to be a record-breaker for IPOs.About 197 companies have either received regulatory clearance or are awaiting approval from Sebi, representing potential fund mobilisation of around $31 billion.This builds on a strong 2025, when companies raised $22…
MUMBAI: After an uneven growth through the year, consumption is looking up but it is not galloping yet. India Inc is betting on demand to gather pace in 2026 but with a hint of caution – GST cuts alongside income tax benefits, monetary easing and low inflation is expected to leave more money in the…
NEW DELHI: The Indian economy enters 2026 under the shadow of global trade tensions and geopolitical shifts but swift reform measures have laid the foundation for it to weather the global challenges on the back of robust growth. The nearly $4-trillion economy has managed to navigate the global storm deftly with growth now expected to…
BENGALURU: Even as jewellery continues to account for about 90% of Titan’s revenues, its other businesses-watches and CaratLane-are now in the fast lane, within striking distance of the $1-billion revenue mark over the next few years.“Watches are certainly on their course, in consumer price terms, to reach that billion. Given the way they are progressing,…
NEW DELHI: The Centre has decided to end the subsidy for electric three-wheelers after it met the target of 2.9 vehicles under PM e-Drive on Friday. In the three-wheeler segment, EV penetration is estimated at around 32%, which is in line with the target the Centre had set for itself, and is now leaving it…
MUMBAI: Sebi has cancelled the certificate of registration of a research analyst, Poorushkhan, after finding out that his KYC documents were used by someone else to obtain the regulator’s Research Analyst certificate. People running an unregistered investment advisory outfit named Options Research used documents of Poorushkhan, who ran a grocery shop and had nothing to…
