MUMBAI: Reserve Bank of India has opened the floodgates for foreign capital, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits back home under a revamped FCNR(B) scheme, while also removing key currency and credit risks to spur inflows.The second dispensation that will have a multiplier effect on NRI deposits…
MUMBAI: A massive slide in tech-heavy Korean stock market on Tuesday, which followed the overnight sell-off in US tech stocks, pulled sensex down by nearly 900 points to 76,201 points. However, despite the day’s tech-led sell-off, foreign funds were net buyers, something that market players said was a positive sign.The day’s session started on a…
MUMBAI: E-commerce arch-rivals Flipkart and Amazon are on an expansion spree of sorts-they are aggressively ramping up the count of fulfilment centres to gain market share in quick deliveries, a segment they have been late to enter, ceding most of the space to Eternal’s Blinkit, Swiggy’s Instamart and IPO-bound Zepto.As they play catch up in…
MUMBAI: Raymond, which has shed its apparel and real estate businesses through a series of demergers, is in talks to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and others, people familiar with the matter said.If completed, the deal would mark Raymond’s first overseas acquisition since its 2024 restructuring and would…
BENGALURU: Infosys sees a $300-$400 billion opportunity in AI-led services by 2030 and believes the technology will amplify, rather than diminish, the role of IT services companies, chairman Nandan Nilekani said on Tuesday.“AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” Nilekani told shareholders at…
BENGALURU: IPO-bound real estate and mortgage platform Square Yards has raised Rs 900 crore through a mix of debt and equity, catapulting it into the unicorn club as it gears up for a public listing. The funding round was anchored by real estate investment firm EAAA Alternatives, with participation from global corporate credit manager Muzinich…
Finally, Cristiano Ronaldo managed to score his first goal at the 2026 FIFA World Cup, and nobody appeared to be as happy as the famous streamer IShowSpeed. The online celebrity, recognized by his love of the football superstar, was watching the game of Portugal against Uzbekistan from a stadium box. Once Ronaldo scored the goal,…
LONDON: A London high court judge ruled in Bank of India’s favour on Tuesday, holding that fugitive diamond businessman Nirav Modi does owe the public sector bank over $10.7 million (a little over Rs 100 crore).Simon Tinkler handed down judgment in the London circuit commercial court on Tuesday, saying: “Mr Modi is liable under the…
Popular streamer xQc has once again become a trending topic after his Twitch channel was hit with a temporary suspension. The action came after a copyright claim connected to FIFA World Cup 2026 match footage. According to reports shared during his live stream on Kick, Twitch applied two copyright strikes to his account, leading to…
‘Raise crows and they will pluck out your eyes’ More than a proverb, this is a warning passed down through generations about expecting ingratitude when you pour your kindness into the wrong place. The image is unsettling. A person nurtures a young crow, feeding and protecting it until it grows strong. Yet instead of gratitude,…
