Trump has warned that any ship in international waters that had paid transit fees to Iran could be intercepted. (AI image) The Donald Trump administration has implemented a blockade of the Strait of Hormuz amid the US-Iran ceasefire even as peace talks have failed. What does this blockade of the crucial Strait of Hormuz by…
In court, China Evergrande Group faced accusations including illegal fundraising through public deposits, fraud, corporate bribery. (AP file photo of Evergrande complex) Hui Ka Yan, the founder of heavily indebted property giant China Evergrande has admitted guilt to multiple offences. These include unlawfully taking public deposits, fraud, and corporate bribery, according to a statement released…
China’s export growth slowed sharply in March, with a year-on-year rise of just 2.5% as the Middle East war continues to cast a shadow over global demand and energy markets. The latest customs figures not only fell below expectations but also marked a sharp slowdown from the 21.8% growth seen in the first two months…
Delhi-Dehradun Expressway Delhi-Dehradun Expressway opens today! The much awaited Delhi-Dehradun Economic Corridor, that will slash the travel time between the two cities is all set to be inaugurated by PM Narendra Modi today. Built under the National Highways Authority of India (NHAI), the Delhi-Dehraudun expressway has several unique features, including a wildlife corridor for easy…
Planning a bank visit this week? You might want to check your city’s bank holiday list first! Bank holidays in India often vary from state to state, depending on the event, occasion and regional festivals. With no single uniform calendar followed across the country, your bank trip might be wasted in case the day turns…
Emkay Global Financial Services has initiated its coverage of Avenue Supermart (D-Mart) with a sell rating and the target price at Rs 3,700. Analysts said the stock, trading at 70x forward price-to-earnings (P/E) ratio prices in a business D-Mart needs to become, not what it is. Quick commerce players are now only 4-13% pricier than…
MUMBAI: Life Insurance Corporation of India on Monday approved a 1:1 bonus share issue, a move that will double its paid-up equity capital and is expected to improve stock liquidity and retail participation, while leaving its financial strength unchanged. The board, at its meeting on April 13, cleared the bonus on a record date to…
MUMBAI: Nadir Godrej will step down as chair of Godrej Industries Group (GIG) on Aug 13 upon turning 75, moving to chairman emeritus. His nephew, Pirojsha Godrej (46), will take over as GIG chair in a planned generational transition. Valued at $20 billion, GIG spans FMCG, real estate, financial services, agriculture, and chemicals. It is…
Manoj Kumar Jain of Prithvi Finmart told ET elevated crude oil prices, along with inflation remaining above the Federal Reserve’s target, are reducing the likelihood of interest rate cuts. He noted that the dollar index may strengthen again following the breakdown of US-Iran peace negotiations, which could cap any upside in precious metals. “We are…
Bank branches will remain closed across most cities on April 14, 2026 on account of Ambedkar Jayanti, with the holiday observed under the RBI’s Negotiable Instruments Act calendar, while select locations will continue operations.Ambedkar Jayanti, which falls on a Tuesday this year, is a gazetted holiday marking the birth anniversary of Dr B.R. Ambedkar, the…
