Mumbai: Tata Sons Ltd’s board on Thursday approved a fresh five-year term for N Chandrasekaran as executive chairman and set in motion the process to list the group’s holding company — decisions that Tata Trusts said were “illegal”. The board’s roughly three-hour meeting in Mumbai on Thursday came weeks after Chandrasekaran, 63, told directors in…
Mumbai: The Reserve Bank of India (RBI) on Thursday accepted bids worth Rs 50,000 crore in the first tranche of its open market operation (OMO) sale of government securities, as it stepped up efforts to absorb surplus liquidity from the banking system. The RBI accepted Rs 7,005 crore of the 7.59 per cent government securities…
Mumbai: The Reserve Bank of India (RBI) on Thursday absorbed Rs 2.40 lakh crore through variable rate reverse repo (VRRR) auctions from the banking sector amid huge surplus liquidity. The central bank received bids worth Rs 2,39,959 crore, which it accepted fully, at a cut-off and weighted average rate of 5.24 per cent. The RBI…
Walking through SCHWING Stetter India’s Outdoor Stall F01 at bauma CONEXPO INDIA 2026, the first impression came from the sheer spread of equipment. Twenty-seven concreting and construction solutions occupied the display, the company’s largest showcase at the event, covering batching, transportation, pumping, placement, self-loading, crushing, recycling and specialised applications. The second impression was less obvious….
New Delhi: The government has cut the windfall gains tax on export of petrol, diesel and ATF for the fortnight beginning September 16. The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel is now Rs 20 per litre, down from Rs 25 per litre. SAED on…
One of the more interesting aspects of Caterpillar’s presence at bauma CONEXPO India 2026 is that the three machines launched at the show tell only part of the story. The Cat 355 Hydraulic Excavator, Cat D5 Dozer and Cat 120 GC Motor Grader address three different areas of application — mining and heavy infrastructure on…
The second day at Greater Noida revealed a subtle shift across the infrastructure equipment industry. While trade shows traditionally celebrated brute horsepower, sheer tonnage and machine size, much of the conversation on September 16 centred on operational efficiency, digital intelligence and longer equipment life. Conversations across the exhibition moved beyond the initial acquisition price towards…
New Delhi: SEBI on Wednesday barred stock broker Prrsaar Sampada, its related entity Chaubara Eats and four others from the securities market and ordered the impounding of alleged wrongful gains totalling Rs 28.12 crore in a case involving alleged cross-segment price manipulation using stock futures and options. In an ex-parte interim order, Sebi said the alleged…
European sovereign yields have broken out to their highest levels since the euro crisis. The German 10 year Bund is trading near 3.4%, its highest since 2011, the French OAT is above 4.2%, its highest since 2008, and the OAT/Bund spread sits near 85 basis points. This is happening while the ECB is hiking, not…
New Delhi: The decision to impose 0.4 per cent MDR on UPI transactions above Rs 2,000 is an important step in creating a sustainable foundation and giving incentives for further expansion in rural and semi-urban areas while ensuring that the large majority of payments remain free of charge, experts said on Wednesday. Noting that roughly…
