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RBI approves Emirates NBD's plan to acquire up to 74% stake in RBL Bank for $3 billion, granting key regulatory relaxations and paving the way for the largest foreign bank investment

The RBI has advised RBL Bank to amend its Articles of Association to reflect the new structure and seek regulatory approval for the same

Business Standard

ABD appoints Amar Sinha as managing director as Alok Gupta's tenure nears end, aiming to drive growth and transformation in India's premiumising spirits market

Allied Blenders & Distillers (Company logo)

Allied Blenders & Distillers

The India-UK free trade agreement (FTA), signed in July last year, is likely to come into force in the next 30-45 days, Commerce and Industry Minister Piyush Goyal said on Thursday.
Goyal held a bilateral meeting with Peter Kyle, UK's Secretary of State for Business and Trade, on the sidelines of the 14th ministerial conference of the World Trade Organisation (WTO) last month in Cameroon.
"The United Kingdom is also very pleased at the speed with which the India-UK Free Trade Agreement passed both Houses of Parliament... and we are also looking at a possible entry into force of the agreement over the next 30 to 45 days," he told reporters here.
India and the UK, on July 24, 2025, signed the Comprehensive Economic and Trade Agreement (CETA) under which 99 per cent of Indian exports will enter the British market at 'zero' duty, while tariffs on British products such as cars and whisky will be reduced in India.
The following are the other developments on free trade agreements that Ind

india uk fta free trade

Press Trust of India

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, both the Nifty MidCap and the Nifty SmallCap ended 0.30 per cent and 0.50 per cent down, respectively

BSE, STOCK MARKETS

Trump said talks with Iran were underway but warned that the US would step up strikes if no agreement is reached

Donald Trump, Trump

Iran's President Masoud Pezeshkian in a message to American people said both confrontation and engagement between Iran and the US are accessible, adding that Iran will endure any aggression by the US.
"Today, the world stands at crossroads. Continuing along the path of confrontation is more costly and futile than ever before.
"The choice between confrontation and engagement is both real and consequential; its outcome will shape the future for generations to come," said Pezeshkian.
"Throughout its millennia of proud history, Iran has outlasted many aggressors. All that remains of them are tarnished names in history, while Iran endures - resilient, dignified, and proud."
Pezeshkian did not mention a ceasefire offer last week by President Trump, though he accused Israel of dragging the US into a war against Iran.
"Is it not also the case that America has entered this aggression as a proxy for Israel, influenced and manipulated by that regime?" asked Pezeshkian.

Masoud Pezeshkian

Singapore-based Future Wealth Investments unveils a $50 million venture fund to support early-stage founders across India, UAE and Singapore in sectors such as AI and logistics

Rohit Kapoor, managing partner, Future Wealth Investments

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

Indian businesses, Indian companies, conglomerates

From Sebi's governance gaps and inflation targeting to investor protection concerns, AI-led consumer insights, and evolving global discourse, today's BS Opinion offers sharp perspectives

Iran war impact, Indian equities selloff, market capitalisation India, stock market crash India, investor wealth erosion, global market cap decline, US Israel Iran conflict, Indian stock market volatility, equity market correction India, Covid 19 mar

US President Donald Trump Wednesday said China, Japan and South Korea should be involved in opening Strait of Hormuz.
The president has previously directed much of his anger at NATO allies for their reluctance to get involved in securing the Strait of Hormuz until the US and Israel finish prosecuting their war against Iran.
In his remarks at the private Easter lunch he hosted at the White House on Wednesday, Trump also expressed frustration with some Asian countries that are more reliant on Gulf oil than the US.
"Let South Korea, you know, we only have 45,000 soldiers in harm's way over there, right next to a nuclear force - let South Korea do it," Trump said. "Let Japan do it. They get 90 per cent of their oil from the strait. Let China do it."
Trump also derided NATO as 'very bad allies' and 'paper tiger' during the private lunch, ahead of his address.
"NATO treated us very badly, and you have to remember it because they'll be treating us badly again if we ever need them," Trump

Donald Trump

Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations

Oracle

Analysts say that demergers allow companies to transform dedicated arms into focused entities, which in turn unlock shareholder value and streamline operations

Demergers in FY27

In this session, Hari Balaji, Partner, EY India, shares his insights on the evolving space of tech consulting and what's in there for MBAs

In this session, Pranav Dangi, Founder & CEO of Hosteller, shares his thoughts on the evolving travel and tourism space and provides career tips

Oracle’s global layoffs, impacting up to 30,000 employees, have now reached India, with over 2,500 jobs cut. As the tech giant doubles down on AI and data centres,

Iran's Parliament Security Committee on Monday approved the Strait of Hormuz Management Plan, which includes measures to impose tolls on vessels passing through the strategic oil route.

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