Business

Ahead of the Union Budget, India’s fast-growing private space industry has called on the government to step up public procurement of space products and services and formally recognise space assets as critical infrastructure to unlock financing and accelerate scale-up.Industry leaders said assured government demand, along with easier access to long-term capital, is essential for domestic…

India’s benchmark equity indices Sensex and Nifty have slipped more than 4% so far in January, dragged down by sustained foreign fund outflows, a weakening rupee, muted corporate earnings, geopolitical tensions and renewed tariff concerns, according to market data.The 30-share BSE Sensex has fallen 3,682.9 points, or 4.32%, during the month, while the 50-share NSE…

File photo (Pic credit: AP) Asian stock markets mostly declined on Monday, led by sharp losses in Japan after the yen strengthened against the US dollar, hurting exporter stocks. Japan’s benchmark Nikkei 225 fell 1.8% to 52,870.15, weighed down by heavy selling in major exporters such as Toyota Motor Corp., whose shares dropped 4%.Markets across…

MUMBAI: While direct participation by individual investors in the equity market has moderated after record inflows in 2024, Indian households have continued to channel their savings into equities through mutual funds, highlighting sustained confidence in equities as a long-term wealth creation avenue, according to a report by the National Stock Exchange (NSE).The report noted that…

The EB-5 Immigrant Investor Program is emerging as a key pathway for affluent individuals and families seeking permanent residency in the United States, offering a structured route to a green card through capital investment.Designed to stimulate the US economy by generating jobs and attracting foreign capital, the programme does not require employer sponsorship or specific…

Indian Consulate in Seattle hosts business forum ahead of visit by trade mission from Washington state SEATTLE/NEW YORK: Investment opportunities in India across sectors such as AI, ag-tech, quantum and healthcare were highlighted at a business forum in Seattle, as the largest trade mission from the state of Washington is set to visit India. The…

India is planning a major reduction in import tariffs on cars from the European Union, cutting duties to 40 per cent from levels as high as 110 per cent, in what would be the country’s biggest opening yet of its closely guarded automobile market. The move comes as New Delhi and Brussels close in on…

With Republic Day being observed across the country today, investors are keen to know whether trading activity will continue as usual or face disruptions. January 26 is a nationally significant day, and it traditionally has implications for financial markets and settlement schedules.At the start of the year, market participants typically track holiday calendars closely, as…

The rupee’s slide to a historic low of 92 against the US dollar on January 23 is beginning to pinch wallets, making everything from crude oil, electronics to overseas education and foreign travel more expensive, while offering some relief to exporters.The local currency slid to an all-time low of 92 per dollar during the day…

NEW DELHI: Centre on Sunday announced the Padma Awards for 2026 on the eve of Republic Day, conferring the Padma Bhushan on veteran banker and industrialist Uday Kotak for his exceptional contribution to the financial sector, a government statement said.The Padma Awards, among India’s most prestigious civilian honours, are given in three categories—Padma Vibhushan, Padma…