CHENNAI/ NEW DELHI: The changes in foreign direct investment (FDI) rules for China and other land bordering countries (LBCs) are expected to fast track investment by global investment firms, such as Blackrock and Carlyle, as they were feeling the heat of approvals required, even if there was a very small Chinese shareholding.On Wednesday, the Union…
MUMBAI: Japan’s Mitsubishi UFJ Financial Group and State Bank of India on Wed announced a strategic partnership to structure and finance projects, including mergers and acquisitions, acquisitions, and real estate funding for Indian and global clients.The alliance follows new rules by Reserve Bank of India allowing banks to fund corporate acquisitions up to 75% of…
BENGALURU: From young professionals to experienced developers, techies are increasingly taking up freelance assignments to supplement incomes and build alternative career paths as the industry grapples with slowing hiring, rapid advances in AI, and growing uncertainty around traditional tech roles. For some, these gigs are side hustles alongside full-time jobs-reflecting a rise in moonlighting-while others…
NEW DELHI: Integrated shipping and logistics company Maersk has decided to levy a temporary emergency bunker surcharge on new cargo bookings to ensure the cross-border movement of essential items amid the ongoing crisis in West Asia. However, the surcharge is subject to regulatory approvals and will apply globally, including India, without exception from March 25,…
MUMBAI: As the prospect of a quick end to the war in West Asia thinned, sensex reversed with a 1,342-point slide on Wednesday to close at 76,864 points. The index is now down more than 10% from its all-time high of 86,159 points recorded intraday on Dec 1, 2025. Since the war between the US-Israel…
NEW DELHI: India’s oil purchases from Russia have increased by nearly 45% in March, rising from around 1 million barrels a day (mbd) in Feb to 1.5 mbd in the first 11 days of the month.With transit through the Strait of Hormuz disrupted since the beginning of the conflict 12 days ago, supplies from oil-rich…
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into strategic reserves to reduce prices amid Iran war.“Right now we’ll reduce it a little bit and that brings the prices down,”…
NEW DELHI: The Centre has warned pharmaceutical companies against promoting prescription weight-loss GLP-1 drugs – popularly sold under brand names Ozempic, Wegovy and Mounjaro – through advertisements or “disease awareness” campaigns that indirectly encourage their use among the public.In an advisory, Central Drugs Standard Control Organisation said it had come to its notice that some…
Crypto Twitter Explodes After Influencer Claims Dubai Demanded Permit to Post A viral tweet by crypto trader ElonTrades, founder of Signal Labs, has sparked fresh debate about the rapidly evolving rules governing social media content in the United Arab Emirates. The trader, who describes himself on X (formerly Twitter) as “Crypto since 2017” and known…
NEW DELHI: The Centre has directed messaging platform Telegram to disable access to several channels accused of distributing pirated films and web series, asking the intermediary to comply within three hours of the notice being received.In a notification issued on Wednesday, the ministry of information & broadcasting invoked provisions of Information Technology Act, 2000, and…
