Business

Washington: The United States Wednesday finalised a federal regulatory framework for payment stablecoins, introducing requirements for financial reserves, redemption, risk management and supervision as the Trump administration seeks to strengthen American leadership in digital finance. The Office of the Comptroller of the Currency (OCC), which...

Mumbai: Rising inflation and signs of price pressures spilling over into a range of goods weighed on the RBI's six-member Monetary Policy Committee (MPC), which unanimously voted to hike the repo rate by 25 basis points this month, according to the minutes of the panel's...

Jamnagar: Almost the entire Ambani family led by billionaire tycoon Mukesh Ambani welcomed the US Secretary of State Marco Rubio at Jamnagar Wednesday, as he began a tour of the world's largest single-site refinery. Rubio arrived in Jamnagar a day after calling India a crude-refining...

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi is scheduled to leave for Mumbai Wednesday to attend India Chem 2026, India's flagship biennial event for the chemicals and petrochemicals industry, which begins Thursday. According to an official statement, CM Majhi will participate in the inaugural session...

New Delhi: The Ministry of Defence has signed a contract with Bharat Electronics Limited (BEL) to procure Improved Low-Level Lightweight Radar (LLLR-I) at a cost of approximately Rs 770 crore to boost the air defence capability of the Indian Army. The LLLR(I) system has the...

Mumbai: Equity benchmark indices extended their losses for a second straight session Wednesday, with the Sensex dropping 143 points as selling in power, banking and financial stocks and elevated crude oil prices weighed on investor sentiment. Besides, rising US bond yields and persistent FII selling...

New Delhi: The country's largest bank, SBI, Wednesday said it is investigating the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web, following alerts it received October 16 from its threat intelligence service provider, the Defence Cyber Agency, and CERT-In....

Jamnagar(Gujarat): US Secretary of State Marco Rubio arrived in Gujarat's Jamnagar city Wednesday to visit the oil refinery complex owned by Mukesh Ambani-led Reliance Industries Ltd, a day after he described India as a crude oil refining "superpower". Rubio is on a three-day visit to...

New Delhi: Jio Platforms Ltd's (JPL) public offer has been fully subscribed within 100 minutes of opening on Wednesday, making it the fastest-ever subscribed IPO. The Rs 30,213 crore offer, with a price band of Rs 1,065 to Rs 1,119 per share, drew the first...

Washington: The US and India are "pretty close" to a trade deal, which will differ significantly from earlier pacts, US President Donald Trump said here. Speaking to reporters at the Oval Office Tuesday, Trump said India and the US were pretty close to making a...