Business

The pound has fallen to its lowest level for nine months after UK government borrowing costs continued to rise. The drop came as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when bank borrowing almost ground to a halt. Economists have warned the rising costs could lead to further tax rises or cuts to …

Standard Glass Lining Technology IPO NEW DELHI: Standard Glass Lining Technology Ltd’s initial public offering (IPO) witnessed an extraordinary 182.57-times subscription on final bidding day on Wednesday. The Rs 410.05-crore IPO attracted bids for 3,80,27,59,991 shares against 2,08,29,567 shares offered, as per NSE data.The QIBs segment was oversubscribed by 331.60 time, whilst non-institutional investors’ category reached 267.99 times. Meanwhile, retail …

NEW DELHI: The securities and exchange board of India (SEBI) updated rules for credit rating agencies (CRAs) by introducing “working days” as the standard for compliance deadlines, replacing the previous use of “days.” The changes, announced in a circular on Tuesday, aim to standardise rating processes and publication protocols.These updates followed recommendations from a working group on CRAs, highlighting the …

NEW DELHI: Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency. These guidelines came after the regulator notified the research analyst (RA) rules and investment adviser (IA) norms in December last year. The new norms encompass qualification standards, fee structures, deposit requirements, …

NEW DELHI: A day after committing $3 billion investments in India for AI and cloud, Microsoft CEO Satya Nadella on Wednesday said that it is imperative to ensure security, privacy, and trust in tech platforms and solutions as artificial intelligence plays an increasingly active role across govts and businesses as well as individuals.Speaking at the ‘Microsoft AI Tour’ here, Nadella …

HYDERABAD: The Indian National Science Academy (INSA) has conferred its prestigious India fellowship for 2025 upon Dr Krishna Ella, co-founder and executive chairman of Bharat Biotech, which developed India’s first indigenously developed Covid-19 Covaxin.The fellowship recognises Dr Ella for his outstanding contributions to the development of new vaccine technologies as well as improvements in existing ones as well as new …

MUMBAI: The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 (provisional) against the US dollar on Wednesday amid higher crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity markets and sustained outflow of foreign funds also played spoilsport even as investors stayed cautious over …

Getty Images Helle Thorning-Schmidt, who is now the co-chair of Meta’s oversight board, is the former Prime Minister of Denmark. The co-chair of the independent body that reviews Facebook and Instagram content has said she is “very concerned” about how parent company Meta’s decision to ditch fact-checkers will affect minority groups. Helle Thorning-Schmidt, from Meta’s oversight board, told the BBC …

NEW DELHI: Foreign portfolio investors (FPIs) are likely to maintain a cautious stance on Indian equities until there is more clarity on Q3 FY25 earnings recovery and fair market valuations, according to a report by Shriram Mutual Funds.Despite active participation throughout 2024, FPIs ended the year on a cautious note, with equity investments plummeting by nearly 99 per cent FPI …

Budget 2025 income tax expectations: The changes involve simplifying the language and rationalizing information by using formulas and tables. (AI image) Budget 2025 expectations: India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion …