NEW DELHI: William Grant & Sons, the maker of top Scottish whisky brands, such as Glenfiddich, Monkey Shoulder, and Balvenie, apart from Hendrick’s Gin, has called the India-UK trade deal a “landmark” agreement. This deal will lead to the entry of new higher-end editions in the country, apart from giving a fillip to the sale…
RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay Malhotra has said that the regulator has left it to individual banks to decide on the extent of minimum balance required and there was no regulatory restriction on that.“What kind of minimum balance required is left to the banks. Some of them have kept Rs…
NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in…
MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month – mostly through equity schemes – surpassing several records. Monthly gross flows through the SIP route, monthly net equity flows and total assets managed by the fund industry, all recorded new peaks in July.At…
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.“Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered…
India on Monday imposed an immediate ban on the import of select jute products and ropes from Bangladesh through all land routes, in a fresh sign of escalating trade tensions between the two neighbours.According to a notification from the Directorate General of Foreign Trade (DGFT), these consignments will now be permitted only through Maharashtra’s Nhava…
Gold prices in India surged to unprecedented levels last week, breaching the Rs 1.02 lakh mark on Friday, driven by US President Donald Trump’s tariff policies and a broader global flight to safety. Market experts say the rally reflects deepening concerns over the US dollar’s reliability, inflation risks, and geopolitical tensions.“Uncertainty over the long-term reliability…
NEW DELHI: In his bellicose speech where he threatened to nuke India, Pakistan Army chief Asim Munir put a target on Reliance Industries Ltd’s refinery — the world’s largest single-site refining complex — at Jamnagar in Gujarat in any future military conflict with New Delhi, indicating for the first time the intent to hit India’s…
Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to…
Mutual fund inflows hit fresh records in July, with equity schemes attracting Rs 42,702 crore — up 81% from June’s Rs 23,587 crore — and debt funds bouncing back with Rs 1.06 lakh crore after two months of withdrawals. In July 2024, equity inflows stood at Rs 37,113 crore.Sectoral and thematic schemes topped the equity…
