Business

Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and global investment giant BlackRock, has received regulatory approvals to commence its investment advisory operations in India, the company announced on Wednesday.The Securities and Exchange Board of India (Sebi) and BSE Ltd have granted approval for JioBlackRock to operate as a Registered Investment…

In a significant internal reshuffle, Wipro’s promoter entities executed a stake swap involving 18.05 crore shares, amounting to 1.72% of the company’s equity, through block deals on Wednesday. The transaction, valued at approximately Rs 4,674.77 crore, was carried out at an average price of Rs 258.99 per share.According to stock exchange data, the Azim Premji…

The National Stock Exchange of India (NSE) has received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures contracts, marking a significant development in India’s power market reform agenda.The exchange said the move is aimed at giving market participants tools to hedge against electricity price volatility and provide better…

The Indian automobile industry faces potential production challenges. (AI image) China’s hold on rare earth magnets has left the Indian auto industry worried. A contingent of automotive industry delegates is preparing to visit China to facilitate rare earth magnet imports for Indian companies, according to industry insiders.The Indian automotive sector has been compelled to take…

US stocks steadied on Wednesday as a new inflation report suggested President Donald Trump’s sweeping tariffs have not significantly driven up prices—at least for now. The S&P 500 inched up by less than 0.1% in early trading, while the Dow Jones Industrial Average dipped 23 points and the Nasdaq composite rose 0.2% at initial minutes…

US President Donald Trump said the United States will receive magnets and rare earth minerals from China under a new deal, even as tariffs on Chinese goods are set to rise to 55%. The development comes amid renewed scrutiny over supply chains tied to China’s Xinjiang region, where human rights groups allege the use of…

ITR Filing: Under the new tax regime, standard deduction from salary has increased to Rs 75,000 from Rs 50,000. (AI image) ITR filing FY 2024-25: By June 15, 2025, employers must issue Form 16 to their salaried taxpayers for the fiscal year 2024-25. This year’s Form 16 will have several modifications based on the amendments…

Gold rate today: Gold prices surged by Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday, driven by fresh retail and stockist demand amid firm global cues, according to the All India Sarafa Association. The rise was supported by safe-haven buying as tariff-related concerns resurfaced globally.The precious metal of 99.5…

Non-banking financial companies (NBFCs) outpaced commercial banks in credit growth during fiscal year 2025, clocking a sharp 20% increase compared to the banking sector’s 12% rise, according to a report by the Boston Consulting Group (BCG).The surge was largely driven by the Gold NBFC segment, helping boost the total net advances in the NBFC sector…

India’s artificial intelligence (AI) industry is poised for a threefold expansion by 2027, reaching $17 billion, as enterprises shift from pilots to scalable deployments, according to a new report by Boston Consulting Group (BCG).The report noted that AI has evolved into a core business imperative in India, accelerating decision-making, driving innovation, and expanding market access…