Page 566 - Latest News

Zohran Mamdani will be sworn in as mayor on a Quran, a first in NYC history

Most of Mamdani's predecessors were sworn in on a Bible, although the oath to uphold the federal, state and city constitutions does not require the use of any religious text

Department of Justice is reviewing over 5.2 mn documents related to Epstein

The Justice Department has more than 400 attorneys assigned to the review, but does not expect to release more documents until Jan 20 or 21

Vijay Kedia on the biggest investment mistake of 2025 and lessons for 2026

As we move into 2026, markets are likely to become far more selective. The phase when almost every stock rose together is over

Weather today: Rain, snowfall likely across north India on New Year Day

Rain and snowfall are forecast across north India on January 1, while dense fog and cold wave conditions persist, disrupting visibility, temperatures and flight operations, especially in Delhi

Khaleda Zia's vision to guide India-Bangladesh ties: Jaishankar to Rahman

The three-time Bangladesh prime minister and BNP matriarch died on Tuesday following a prolonged illness

Stocks to buy today, Jan 1: BPCL, Tata Consumer among analyst top picks

From a technical standpoint, the Nifty has once again approached the upper end of its prevailing consolidation range near 26,200

US military strikes 3 suspected drug-smuggling boats, killing three at sea

The military said three people were killed when the first boat was struck, while people in the other two boats jumped overboard and distanced themselves from the vessels before they were attacked

Mahindra bets on AI and skills to drive its 'Tech-First' transformation

Chairman Anand Mahindra says artificial intelligence, skills and education reforms will reshape work, talent flows and growth, as the Group sharpens its technology-focused strategy

CBAM may force steel, aluminium exporters to cut prices by 15-22%: GTRI

EU's carbon border levy enters its payment phase from January 1, 2026, with Indian steel and aluminium exporters facing price pressure and tougher emissions data compliance

Consumers drive quick commerce, food delivery sales on New Year's Eve

Quick commerce and food delivery platforms saw an uptick in New Year's Eve demand, with grapes searches surging on Instamart and purchases spiking on Zepto

Best of BS Opinion: Conflict, course corrections and open questions

Here are the best of Business Standard's opinion pieces for today

Sammaan Capital board clears scheme to absorb Samman Finserv's NBFC

Board-approved restructuring will transfer Samman Finserv's NBFC business to Sammaan Capital and surrender the licence, aiming to consolidate lending and meet single-NBFC norms

Climate analysts weigh whether 2026 will turn out to be an El Nino year

With early models hinting at an evolving El Nino around India's monsoon onset, forecasters warn that 2026 rainfall may hinge on how the climate crosses the spring uncertainty barrier

Yield curve steepens due to heavy sovereign issues; long-end demand weakens

RBI's FSR says higher G-Sec and SGS supply and softer demand from insurers and pension funds are keeping long-term yields elevated even as short rates fall on easing and liquidity

Weakness in ₹, broader equity mkt shrinks India's billionaire club in 2025

But a robust IPO market leads to emergence of 9 new promoter billionaires

Centre imposes steel safeguard duty for 3 years; up to 12% on imports

The Centre has converted the provisional safeguard duty on steel into a three-year levy of up to 12 per cent to curb cheap imports, mainly from China and other exporting nations

Over 70% of fintechs' loan book unsecured: Financial Stability Report

Unsecured personal loans dominate fintech lending, with younger borrowers accounting for over half the exposure, as the RBI highlights growth and asset quality trends

India's household debt rises to 41.3% of GDP, above five-year average: RBI

RBI says household debt rose to 41.3% of GDP at end-March 2025, led by consumption-oriented retail loans, even as net financial savings improved in Q4 FY25

External uncertainties may trigger outflows, Fx rate volatility: RBI

RBI flags risks from global shocks, including a sharp US equity correction, that could spur foreign portfolio outflows and rupee volatility, though it says buffers remain adequate

Up to four banks may tap capital buffers in adverse scenarios: RBI

RBI stress tests suggest some banks may need to draw on capital conservation buffers under adverse macro conditions, though minimum capital norms are likely to remain intact