MUMBAI: The possibility of a quick memorandum of understanding (MoU) between RBI and the European Securities and Markets Authority, allowing Esma to set terms to the Clearing Corporation of India, is looking unlikely as Indian authorities maintain that the agency cannot be subjected to “extra-territorial” regulation. Although Esma has not imposed penal charges on European … Read more
Inflation to align to the 4 percent target by FY’25-26: Michael Patra MUMBAI: India’s inflation, as measured by consumer price index, is expected to average 4.5% in the current fiscal before gradually aligning with the 4% target on a durable basis in FY26, according to RBI deputy governor Michael Patra. Speaking on inflation targeting and … Read more
CHENNAI: Samsung India Employees’ Union has ended its over-a-month-long strike and hundreds of workers are expected to return to work on Thursday. Tamil Nadu govt on Tuesday said all issues have been resolved amicably and both parties have signed an agreement, adding that various demands of the striking workers have been accepted by the company. … Read more
Tata Steel Ltd CEO and MD TV Narendran (Pic credit: PTI) NEW DELHI: The World Steel Association (worldsteel), a global organisation, announced on Tuesday that Thachat Viswanath Narendran, the managing director and CEO of Tata Steel, has been elected as its chairman. Narendran is the second Indian to hold this position, following JSW Group chairman … Read more
KARACHI: The federal government has increased the price of high-speed diesel (HSD) by Rs5 per litre while kept the petrol price unchanged in line with the variations in the international market. According to an official notification issued late on Tuesday, the new fuel prices came into effect from October 16. “The Oil and Gas regulatory Authority … Read more
The initial public offering of Hyundai Motor India Ltd, the Indian subsidiary of South Korean automaker Hyundai, saw an 18 percent subscription on its first day of bidding on Tuesday. According to the data released by the National Stock Exchange, the Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares … Read more