Indian firms get licenses to import rare earth magnets from China

New Delhi (IANS) Ministry of External Affairs spokesperson Randhir Jaiswal said on Thursday that some Indian companies have received licenses for importing rare earth magnets from China.

At least three Indian companies—Continental India,…

RBI Increases Gold Holdings in India to 575.8 Tonnes; Domestic Prices Rise

Mumbai — The Reserve Bank of India (RBI) has continued its strategy of bringing a greater share of the country’s gold reserves back home, with 575.8 tonnes of gold now stored in domestic vaults — the highest level to date.

According…

Chhath Puja Generates Over ?50,000 Crore in Trade Across India: CAIT

New Delhi — The grand festival of Chhath Puja has driven trade worth more than ?50,000 crore nationwide, according to estimates by the Confederation of All India Traders (CAIT) released on Tuesday.

CAIT’s post-festival assessment…

NBFC's 2-wheeler AUM expected to grow at 18-19 pc in FY26: Report

New Delhi- Assets under management (AUM) of Non-Banking Financial Companies (NBFCs) for the two-wheeler (2W) segment are expected to grow at 18-19 per cent this financial year (FY26), driven by higher cost of vehicle ownership, a report said on Monday.…

India Sailing Ahead with Over ?3 Lakh Crore Maritime Vision 2030

New Delhi: Charting a decade of remarkable growth from 2014 to 2025, India’s maritime sector is cruising toward a new era of transformation, achieving record milestones across ports, coastal shipping, and inland waterways, according to an official…

Reliance, Meta announce new Rs 855 crore AI joint venture in India

Mumbai- Reliance Industries on Saturday announced that its subsidiary, Reliance Intelligence Ltd, has established a joint venture with US tech giant Meta's subsidiary to market and distribute enterprise AI in India. 

A new company,…

Federal Bank Board Clears 9.99% Stake Sale to Blackstone for ?6,196.5 Crore

Mumbai — In a major strategic move, Federal Bank on Friday announced that its Board of Directors has approved the sale of a 9.99 per cent stake to an affiliate of global private equity giant Blackstone for ?6,196.5 crore.

The transaction…

Maruti Suzuki’s Jimny 5-Door Crosses 1 Lakh Exports Milestone from India

New Delhi — Maruti Suzuki India Limited announced that its Jimny 5-door SUV has achieved a significant milestone, surpassing 1 lakh units in cumulative exports from India.

The Jimny 5-door began its export journey in 2023, shortly after…

UPI Transactions Soar to Rs 94,000 Crore Daily in October, Eyeing Festive Record

New Delhi — India’s Unified Payments Interface (UPI) is witnessing a festive season surge, with average daily transaction value in October reaching Rs 94,000 crore, a 13 per cent rise over September, according to data from the National…

Gold, Silver Prices Cool After Record Highs; Jewellery Sales Surge 35–40% During Dhanteras

Mumbai — After touching record highs earlier this week, gold and silver prices eased on Tuesday as investors took profits, even as festive jewellery sales during Dhanteras soared by 35–40 per cent across India.

Silver Exchange Traded…