US President Donald Trump has thrown another punch in Washington’s long-running economic bout with Beijing, threatening to slap fresh 100% tariffs and export bans in response to China’s tightening grip on rare earth minerals. The uneasy truce between the world’s two biggest economies came after months of uneasy calm, sending shockwaves through global markets and…
MUMBAI: Pushing for a public listing of Tata Sons, Shapoorji Pallonji Mistry on Friday said it was “not merely a financial step – it is a moral and social imperative. “Tata Trusts stand to benefit immensely from this (IPO) process. A transparent and publicly accountable Tata Sons would pave the way for a robust and…
SIPs hit new high of 29.4k crore MUMBAI: Volatility in the markets notwithstanding, retail investors continued to invest through systematic investment plans (SIPs) in mutual funds, which helped push the monthly gross flows through this channel to an all-time high of Rs 29,361 crore in Sept. The month also recorded the highest ever assets under…
MUMBAI: Winro Commercial, a BSE-listed non-banking finance company (NBFC) with a market cap of nearly Rs 31 crore, has bid in LG Electronics India IPO for shares worth nearly Rs 749 crore, raising eyebrows among market players. The company is known to be active in the IPO space; it usually bids in the anchor books…
Over 250 employees of B9 Beverages, the company behind Bira 91 craft beer, have called for a change in the company’s leadership and the removal of founder Ankur Jain from management.The employees sent a petition to the company’s board, major investors including Kirin Holdings and Peak XV Partners, and the largest lender, Anicut Capital. The…
The organised gold loan market is projected to touch Rs 15 lakh crore by March 2026 — a full year ahead of earlier forecasts — as banks tighten their dominance and expand faster than non-banking financial companies (NBFCs), according to a report by rating agency Icra.The agency had earlier estimated in September 2024 that the…
Net inflows into equity mutual funds moderated for the second consecutive month in September, standing at Rs 30,421 crore, data from the Association of Mutual Funds in India (AMFI) showed on Friday. This represents a 9 per cent decline from August’s Rs 33,430 crore and remains well below July’s record Rs 42,703 crore, PTI reported.Despite…
Traders in Delhi are set for a brighter Diwali as the city government, led by Chief Minister Rekha Gupta, has disbursed Rs 694 crore in GST refunds pending since 2019, out of a total due of Rs 1,600 crore, PTI reported.The refund process has accelerated in recent months, with a record Rs 227 crore paid…
The US Internal Revenue Service (IRS) has announced the new federal income tax brackets and standard deductions for 2026, offering some relief to Americans as they prepare for next year’s tax returns.The IRS usually makes these adjustments in October or November to prevent what’s known as “bracket creep.” This occurs when inflation pushes taxpayers into…
