Business

MUMBAI: RBI has lifted restrictions it imposed on Kotak Mahindra Bank in April 2024, which had prevented it from on-boarding new customers through its online and mobile banking channels and from issuing fresh credit cards, the lender informed exchanged. RBI had placed restrictions on the bank for inadequacies in its IT systems. According to Kotak Mahindra Bank, RBI was satisfied …

NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose an annual 4.3% …

US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve interest-rate cuts this year at the same time the Trump administration presses forward with tariffs. The monthly consumer price index rose in January by the most since August 2023, led by a range of household expenses like groceries and gas, as well …

Catherine Ellis Business reporter Reporting fromMedellín, Colombia Gonzalo Rojas A young Gonzalo Rojas and his father, who was killed by Pablo Escobar A proposed law in Colombia’s Congress seeks to ban the sale of merchandise that celebrates former drug lord Pablo Escobar. But opinions are divided on it. On Monday, 27 November 1989, Gonzalo Rojas was at school in the …

Kevin Peachey Cost of living correspondent Getty Images Two major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as competition picks up in the sector. The prospect of further cuts in the base rate by the Bank of England has given mortgage providers confidence to reduce their own rates. But the attention-grabbing sub-4% deals by …

D-Street Smart: Volatility drives investors from thematic schemes to hybrid fundsMUMBAI: Retail investors continued to pour money into mutual funds in Jan despite a volatile stock market. Monthly gross SIP inflows remained steady above Rs 26,000 crore in Jan, industry body Amfi’s data showed. The volatile market conditions, however, prompted investors to prefer hybrid funds over thematic schemes, industry players …

Nir Barkat, Israel’s minister for economy and industry, was in India, leading a large business delegation. In an interview to TOI, Barkat, a businessman turned politician, says he is optimistic about deepening business ties with India across sectors. Excerpts.Why are Israeli companies looking at India now?The opportunities have emerged now with the American President Donald Trump, and Israel and India …

CHENNAI: Samsung employees’ union will continue a sit-in protest, as conciliation talks held between workers and the management by state labour department on Wednesday remained inconclusive. Workers have been protesting since Feb 6, demanding to revoke the suspension of 3 employees. Source link

Vodafone Idea CEO Akshaya Moondra during an earnings call on Wednesday said that current ‘return on capital‘ metrics in Indian telecom sector justifies shorter, even nine-month time gap between two rounds of tariff hikes, against an “ideal” 12-month duration between two such rounds. Jio, Airtel and Vodafone Idea had raised tariffs in July last year. Source link

NEW DELHI: ONGC-NTPC Green Pvt Ltd, an equal joint venture between ONGC Green Ltd and NTPC Green Energy Ltd, on Wednesday signed a share purchase agreement (SPA) to acquire Ayana Renewable Power Pvt Ltd at an enterprise value of $2.3 billion.This is the second-largest acquisition in the renewable space after the Adani Green Energy Ltd’s acquisition of SB Energy from …