WASHINGTON: The U.S. Securities and Exchange Commission on Thursday settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with … Read more
Government has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday (May 13, 2026), as part of efforts to curb overseas purchases of the metals and ease pressure on the country’s foreign exchange reserves. The higher duties could dampen demand in the world’s second-largest consumer of precious metals, … Read more
Indian business rarely does exactly what the government wants it to. For the past decade or so, for example, it has obdurately refused to invest as much as officials think it should. Last week, chief economic adviser V. Anantha Nageswaran said that profits for the 500 largest publicly traded companies had grown by over 30% … Read more
Bajaj points out that the company knew early on that long-term growth in the country lay in domestic tourists and so had spent years building supply. While Airbnb does not disclose the number of listings, a company executive, who did not want to be identified, says the number of listings have grown from about 15,000 … Read more
The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and greater domestic … Read more
The Global Capability Centre (GCC) ecosystem in India is projected to reach a market revenue of USD 98.4 billion by the end of fiscal year 2026 (FY26E). This expansion reflects a significant structural shift as these centers move from being traditional delivery engines to becoming the central nerve centers for global enterprises. Also read: Indian … Read more
The company has emerged as a key player, alongside domestic rival SK hynix, in the supply of high-performing chips The market value of South Korea’s Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. The … Read more
Kotak Mahindra Bank Saturday confirmed that it is looking at Deutsche Bank’s retail business, which is on the block, while stating that it has dropped out of IDBI Bank acquisition race because of the valuation and it would be ‘difficult to swallow’.Responding to queries at an earnings press conference Ashok Vaswani, MD & CEO said … Read more
The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme … Read more