US diesel prices soar past $6 a gallon US farmers are facing a bigger fuel bill as diesel prices hit record highs just as the corn and soybean harvest gets underway, pushing up the cost of running combines, tractors and trucks. The national average price of diesel reached $5.85 a gallon on September 4, the … Read more
MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints faced by MSMEs – the difficulty of turning sales into cash and cash flows into credit. The system could help address the MSME sector’s Rs 60 lakh crore formal credit gap, while reducing … Read more
FM Sitharaman at Global Fintech Fest 2026 in Mumbai MUMBAI: Finance minister Nirmala Sitharaman called upon tech companies to promote a federated industry platform to give India’s technology sector a stronger collective voice in global markets and regulatory discussions.“There may be merit in considering a federated industry platform that brings together the broader Indian technology … Read more
MUMBAI: Whether AI will get us all killed by the end of the decade is still a matter of debate, but funding into artificial intelligence continues to soar.In fact, it is only getting bigger. Global AI funding touched a whopping $226 billion in the March quarter this year. That’s almost 80% of all global equity … Read more
MUMBAI: India’s retail credit market is showing a widening gap between the number of borrowers being added and the value of loans being accumulated, with consumer durable loans driving new borrower acquisition, while home and gold loans account for much of the portfolio growth.According to credit bureau CRIF’s ‘How India Lends’ report, gold loan outstandings … Read more
BENGALURU: Boardroom turmoil at Coforge has deepened with independent director and Nomination and Remuneration Committee (NRC) chair DK Singh resigning days after chairman OP Bhatt stepped down amid an internal audit that flagged concerns over how board-evaluation findings were presented to directors.Singh resigned with immediate effect, citing “differences and tension” between independent and executive directors … Read more
MUMBAI: In one of the busiest weeks for the primary market in recent times, six mainboard IPOs closed on Friday, along with three on SME platforms of the two bourses. The nine primary offers together saw total demand worth about Rs 1.4 lakh crore against a mobilisation target of about Rs 3,100 crore, bidding data … Read more
MUMBAI: The much-awaited NSE IPO will open on Sept 17 and close on Sept 21 with the listing slotted for Sept 24, the bourse said on Friday. With some of the existing shareholders together selling a 5.1% stake in the country’s largest stock exchange, at the upper end of the Rs 1,700-1,785/share price band, the … Read more
MUMBAI: The $136.4 billion raised by banks from non-residents and foreign lenders, then swapped with RBI, has swelled India’s foreign-exchange reserves by a record $44.9 billion to $785.7 billion in the week ended Sept 4. The windfall gives RBI a larger war chest to defend the rupee, but creates a problem at home with too … Read more
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released … Read more