Banking And Finance
PNB, Ujjivan raise FCNR deposit rates
New Delhi, State-owned on Friday said it has increased the interest rate on FCNR (B) USD deposits, providing non-resident Indians with an opportunity to grow their overseas earnings while safeguarding…
Why let gold sit idle? Here’s how gold leasing can help investors earn returns
Indian households view gold as a store of wealth that is purchased and then left untouched in bank lockers and safes for years. While the metal may appreciate in value…
RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months
Mumbai: The Reserve Bank has imposed several restrictions on , Mumbai, including capping withdrawals at Rs 1 lakh, amid its deteriorating financial position. The restrictions are effective from the closure…
Advance tax deadline on June 15: Who should pay, who is exempt and do senior citizens need to pay?
The first advance tax instalment deadline of FY 2026-27 falls on June 15, by which eligible taxpayers are required to pay a portion of their estimated tax liability for the…
Market
SpaceX shares rise 11% on Nasdaq debut for market cap just shy of $2 trillion
SpaceX Inc.’s share price rose 11% in its Nasdaq debut Friday, lifting its valuation to about $1.96 trillion as investors piled into the world’s largest IPO and bought into Elon…
Bonfiglioli, Casagrand, 2 others get SEBI nod to launch IPO
Market regulator SEBI has cleared draft papers of four companies – Bonfiglioli Transmissions, Casagrand Premier Builder, Bombay Coated & Special Steels Ltd and Swaraj Green Power and Fuel Ltd –…
Markets clock biggest two-month gain on US-Iran truce hopes
Hopes of a US-Iran truce and expectations of a broader peace deal, combined with softer crude prices, fuelled the rally in the Indian equity market, marking the highest single-day gain…
SpaceX stock jumps to $164, becomes sixth-largest US company by valuation
Shares of SpaceX surged on their market debut, opening at $150 against an IPO price of $135 and later climbing to $164, propelling the Elon Musk-led company to become the…
Market
Advent International Is Said Near Close of $26 Billion Fund
(Bloomberg) — Advent International is nearing the final close of a $26 billion buyout vehicle, raising one of the biggest pools of capital in the private equity industry, according to…
Tata Sons board approves FY26 accounts, discusses operating plan
: The board of Tata Sons, which met on Friday, approved the annual accounts for FY26 and discussed the broad operating agenda for the current financial year, according to sources…
Meesho acquires Kirana Club in ₹202 crore deal to deepen presence with kirana retailers
E-commerce marketplace Meesho is set to acquire Kirana Club and its Indian subsidiary Retail Pulse Labs in a ₹202 crore transaction, marking a strategic push to strengthen its presence among…
Ace investor Vandrevala eyes clean food sector after sale of Good Culture for $500 million
Billionaire investor Cyrus Vandrevala targets his next growth-equity focus into health-forward food following the $500 million-plus sale of Good Culture. Vandrevala’s move aims at tapping into the rising global demand…
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