Business

Nayara Energy is responsible for approximately 8% of India’s refining capacity and 7% of its retail fuel station network. (AI image) Nayara Energy, the Russia-backed Indian refinery, is facing a perfect storm – hit by European Union sanctions, currently faces multiple challenges: disrupted global shipping, domestic regulatory constraints, changes in leadership and concerns regarding digital…

NEW DELHI: Six of the country’s 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with Reliance Industries suffering the steepest loss. The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while…

Yellow Line of Namma Metro to be inaugurated by Prime Minister Narendra Modi (PTI photo) NEW DELHI: Prime Minister Narendra Modi will inaugurate the Yellow Line of Bengaluru’s Namma Metro on Sunday, marking a major expansion of the city’s mass transit system. The 19-km corridor from RV Road (Ragigudda) to Bommasandra under Phase-2 will link…

The National Stock Exchange (NSE) reported a 15 per cent monthly increase in new investor registrations for June 2025, reaching 12.7 lakh from 11.0 lakh in May. However, this remained below the June 2024 figure of 21.6 lakh new investors, as detailed in the NSE Market Pulse report for June 2025.Western India led the regional…

Sebi revises norms on InvITs Sebi has modified the framework governing the transformation of private listed Infrastructure Investment Trusts (InvITs) to public InvITs, with updated sponsor holding requirements and harmonised disclosure norms.The market regulator implemented these modifications with immediate effect, following industry feedback and guidance from the Hybrid Securities Advisory Committee, according to The updated…

The Reserve Bank of India (RBI) has announced that investors in Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V can opt for premature redemption on August 11, 2025, at Rs 10,070 per unit.These government-backed bonds, with an eight-year tenure, allow early redemption only after the fifth year from the date of issue and exclusively…

Michigan Governor Gretchen Whitmer met privately with President Donald Trump this week to deliver a message she knew he might resist: his tariffs are hurting the state’s automotive industry, threatening jobs and profits in a sector central to Michigan’s economy.The Democrat brought a slide presentation to the Oval Office meeting on Tuesday, highlighting how Trump’s…

Financial inclusion is about more than just providing access to banking — it’s about equipping people with the knowledge to improve their lives, Reserve Bank of India Deputy Governor Swaminathan Janakiraman said on Saturday.Speaking at the Financial Inclusion Saturation programme organised by Indian Bank in Tiruvallur district, Janakiraman said initiatives like Re-KYC camps help citizens…

Union Agriculture Secretary Devesh Chaturvedi on Saturday called for a decisive change in India’s agricultural policy — moving away from a purely utilitarian, output-driven model towards one shaped by ethical principles, as the country seeks to reconcile food security goals with environmental safeguards.Addressing the valedictory session of the M S Swaminathan Centenary International Conference, Chaturvedi…

Several garment manufacturers in Tiruppur, Tamil Nadu’s knitwear hub, have suspended production, while others are weighing their options after the United States announced steep new tariffs on Indian imports. Industry representatives said American buyers have also paused execution of existing orders, prompting exporters to adopt a “wait and watch” stance.The move follows Washington’s decision to…