Representative image (File photo) MUMBAI: RBI has barred defaulting borrowers from buying back properties acquired by lenders to satisfy a defaulter’s debt, tightening norms for resolution of stressed accounts under its new directions effective Oct 1, 2026.Defaulters and their related parties, as defined under the Insolvency and Bankruptcy Code, 2016, cannot repurchase such assets from…
Escalating military tensions between the United States and Iran continued to lift oil prices on Friday, putting crude benchmarks on track for their biggest weekly gains in three months as markets assessed the risk of further supply disruptions in the Middle East.Around 7 am IST, Brent crude was trading at $85.34 a barrel, up $1.11,…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: The Centre is planning to use new tools to enhance liquidity for micro, small and medium enterprises (MSMEs) and will move amendments…
NEW DELHI: Rising fuel prices and increased consumer interest in electric mobility have prompted JSW MG Motor India to double down on its new-energy vehicle strategy. Managing director Anurag Mehrotra said passenger vehicle EV penetration, which had slipped below 4% at the start of 2026, crossed 8% in June as higher fuel costs and growing…
NEW DELHI: Carmakers may soon have a new way to meet India’s fuel efficiency norms without relying solely on electrification, with the Centre proposing to reward a range of fuel-saving technologies under the draft Corporate Average Fuel Economy (CAFE)-III regulations.The draft norms, released by the power ministry for stakeholder consultation, have proposed to allow manufacturers…
Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals.The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business that can better compete with Just Eat, owned…
Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate…
US stocks today: Shares of computer chip manufacturers and other companies that have benefited from the artificial intelligence boom came under renewed selling pressure on Thursday, dragging equity markets lower across the world. At the same time, oil prices continued to move higher amid the ongoing conflict with Iran.The S&P 500 declined 0.4%, a day…
Cyberattack hits Japan’s ice cream giant Glico after KFC, disrupts sushi and supermarket deliveries (Image/X) A cyberattack on one of Japan’s largest refrigerated warehouse operators has disrupted the supply of ice cream, fast food and supermarket products across the country, affecting companies including Ezaki Glico, KFC Japan and Kura Sushi.Ezaki Glico, the maker of popular…
ITC Hotels MD Anil Chadha NEW DELHI: ITC Hotels’ Thursday reported a 14.8% increase in consolidated revenue at Rs 936 crore this April-June, compared to Rs 816 crore in same period last fiscal. And the hospitality major’s profit rose 36% to Rs 180 crore, up from Rs 133 crore last Q1. The company’s share closed…
