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MUMBAI: Sammaan Capital (formerly Indiabulls) shares rose 6% after the RBI approved the acquisition of a controlling stake by UAE-based International Holding Company (IHC) through an initial investment of about Rs 8,850 crore. In a regulatory filing on March 24, Sammaan Capital said RBI had cleared applications related to the proposed transaction involving Avenir Investment,…

Despite assurances by govts and oil marketing companies that adequate stocks of petrol, diesel and domestic LPG cylinders were available, the scramble for fuel continued on Wednesday. As rumours of shortages and possible price hikes fuelled fear, long queues were witnessed outside fuel pumps and gas agencies.The unprecedented panic buying saw fuel pumps run out…

BENGALURU: OpenAI, the company behind ChatGPT, has hired former JioStar CEO Kiran Mani as managing director for Asia-Pacific, as the AI firm steps up its regional expansion amid strong user growth in markets including India. Mani is set to join in June. He will report to Jason Kwon and lead regional strategy and operations across…

NEW DELHI: On a day Parliament put its stamp of approval on the Transgender Persons (Protection of Rights) Bill 2026 amid demands from opposition MPs that the bill be referred to a standing committee for wider consultation, two National Council for Transgender Persons members from the community sent their resignation to the social justice minister…

NEW DELHI: Airbus has for the first time indicated it is open to having a final assembly line (FAL) in India for its 50% owned ATR regional aircraft, given the Modi govt’s unprecedented push for enhancing aerial connectivity of small towns and cities. The European aerospace major is learnt to be in talks with stakeholders…

SRINAGAR: PDP legislator Waheed Parra’s private member’s bill proposing the creation of 16 new districts in J&K and two additional divisions in Jammu, has come in for scathing criticism from governing NC as well as opposition BJP, who questioned the intent behind the proposed legislation.NC said the bill was a “deliberate attempt to arouse public…

NEW DELHI: The Central Consumer Protection Authority (CCPA) on Wednesday warned hotels and restaurants of action in case it found them levying additional charges under heads such as “LPG charges,” “gas surcharge,” and “fuel cost recovery” in food bills.The authority issued an advisory invoking provisions of Consumer Protection Act observing that such charges are being…

Nirav Modi’s petition to reopen proceedings against his extradition to India was rejected on Wednesday by the High Court of Justice, King’s Bench Division, in London, which ruled that the application did not meet the threshold of “exceptional circumstances” required to revisit the case. The court held that the grounds presented, including reliance on the…

Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict.Stock markets have been gaining for the past two days, with the BSE Sensex rising 2,577.06 points or 3.54 per cent. On Wednesday,…

NEW DELHI: Congress on Wednesday took a swipe at Prime Minister Narendra Modi-led central government for their remark that India does not see itself as a “dalaal” (broker) like Pakistan, questioning it’s past diplomatic outreach.Congress leader Pawan Khera, in a post on X, said, “Was India a ‘Broker Country’ when Modi was desperate to mediate…