On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regulatory approvals, will see Emirates NBD acquiring more stake through a mandatory open offer to the rest of the shareholders, a joint statement said. This…
Of 36 fund managers, CEOs, and research heads surveyed between 10 and 15 October, around 83% of the respondents, including those from Kotak Securities and Emkay Global, expect the September-quarter earnings growth to remain moderate and broadly in line with projections. Policy-led momentum is likely to pick up only from the December quarter. “Despite global…
Bank holiday today: Banks across several parts of India are scheduled to be closed on Monday, 20 October, particularly for Diwali, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). Bank holiday on Diwali 2025: Region-wise list On Monday, 20 October, banks will be closed in Agartala, Ahmedabad, Aizawl, Bengaluru, Bhopal,…
The move marks a significant policy win for homegrown EV makers Tata Motors and Mahindra & Mahindra, and a setback for Japanese hybrid car manufacturers Toyota, Honda Cars, and Maruti Suzuki. UP’s high-level empowered electric vehicle committee (HLEEVC), led by state chief secretary Shashi Prakash Goyal, took this decision at a meeting on 10 October….
The Emirates investment, which will be the largest foreign direct investment in an Indian bank, involves a capital infusion of $3 billion for up to a 60% stake in the bank. It is expected to open up new opportunities for growth for the domestic lender, including inorganic buyouts, and help bring down the overall cost…
Rear Admiral (retd.) Vipin Kumar Saxena, chief executive officer of SDHI, said the project marks a new chapter in India’s maritime industrial growth story. “This is a golden period for the country,” he said in an exclusive interview to Mint. “We now operate one of the world’s largest shipbuilding facilities, and with fresh investment, advanced…
The Supreme Court has stepped in once again. Earlier this month, the court conditionally allowed the use of certified ‘green crackers’, acknowledging the need to balance celebration with public health. While this promises a cleaner alternative, the critical question remains—are green crackers a genuine solution or mere ‘greenwashing’ that fails to address the severity of…
However, total gold order volumes fell 10–15% from a year ago even as sales value jumped sharply, according to the All India Gem and Jewellery Domestic Council (GJC). Yet, festive purchases are expected to cross ₹50,000 crore by Sunday evening, it added. Dhanteras, which marks the first day of Diwali, is an auspicious occasion when…
Bank holidays next week: Banks will be closed for several days in the upcoming week starting from 20 October, as we approach the peak of the festive seasons. There will be bank holidays in several parts of India due to Diwali, Kali Puja, Diwali Amavasya, Govardhan Pooja, Balipadyami and Bhai Dooj among others. Apart from…
Bengaluru: Siddhartha Sacheti, creative director and chief executive of Jaipur Gems, has bought two apartments in Three Sixty West, an ultra-luxury property in Mumbai’s sought-after Worli neighbourhood. The two apartments, on the 51st and 52nd floors, are 6,130 sq ft each, cost ₹80 crore apiece, and have 10 car parks between them. Both deals were…