MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…
Divya Deshmukh (Photo by Yoav Nis) NEW DELHI: If R Praggnanandhaa’s opening-round victory over Dutch No. 1 Anish Giri at the Candidates was a manifesto of his aggressive DNA, Round 3 was a flashy reminder of the game’s flattering nature.On a day that began with high hopes for the Indian contingent at the Cap St…
Shreyas Iyer (BCCI Photo) NEW DELHI: The tension in the Punjab Kings dugout was clearly evident when captain Shreyas Iyer was seen in pain, clutching his wrist during their IPL 2026 clash against Gujarat Titans. A fierce drive from Connolly struck Iyer on the wrist at the non-striker’s end, forcing him to seek medical attention.Iyer…
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…
William Walsh (File photo) NEW DELHI: IndiGo airlines on Tuesday announced the appointment of former British Airways chief William Walsh as new CEO. This comes after Pieter Elbers resigned earlier this month after major operational crisis faced by the aviation operator in December last year.“The Board of IndiGo announces the appointment of William Walsh as…
The government has notified the Finance Act 2026, bringing into force the tax changes approved under the Union Budget for 2026-27, according to a gazette notification issued by the Ministry of Law and Justice.“The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information,”…
In a significant step following the recent thaw in bilateral ties, an Indian business delegation has travelled to China, marking the first such visit in over five years after relations were frozen due to the 2020 Eastern Ladakh military standoff.A delegation from the Punjab, Haryana, Delhi Chambers of Commerce and Industry (PHDCCI) is currently visiting…
Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer.In its petition challenging the lenders’ decision to accept Adani’s takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross…
India is set to receive its first shipment of Iranian crude oil since 2019, with a tanker carrying 600,000 barrels of oil en route to Gujarat following a temporary sanctions waiver by the US, according to PTI.Ship-tracking data indicates that the vessel Ping Shun is headed towards Vadinar port, marking a potential revival of Indo-Iran…
Cooper Connolly (Image: IPL) Debutant Cooper Connolly announced himself in style, scoring a brilliant maiden half-century to guide Punjab Kings to a thrilling three-wicket win over Gujarat Titans in their IPL 2026 clash at the PCA New International Cricket Stadium in New Chandigarh on Tuesday.Chasing 163, Punjab Kings suffered an early blow as impact player…