Mumbai: Emirates NBD, the UAE’s second-largest bank, is reportedly looking to acquire a controlling stake in Mumbai-based RBL Bank, with an investment of up to $3 billion for a controlling stake, as per various news reports. This development comes five months after the company considered buying a controlling stake in Yes Bank but lost out to Japan-based SMBC. Earlier known as Ratnakar Bank, RBL’s shares have been on fire lately, with the stock surging almost 40% in a year, outperforming the larger NIFTY Bank index by 10%. The mid-sized bank currently has three-quarters of its 562 branches located in urban…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Stockholm, Sweden: The 2025 Nobel Prize in Economics has been awarded to three researchers who explained how innovation and technological progress have driven sustained economic growth and prosperity. Joel Mokyr from Northwestern University, Illinois; Peter Howitt from Brown University, Rhode Island; and Philippe Aghion from the London School of Economics, UK, have been instrumental in helping economists and policymakers better understand the roots of economic progress and the conditions that foster innovation. Collectively, these three researchers laid the foundation for modern theories explaining the origin of economic growth- proving how innovation, entrepreneurship and knowledge accumulation have driven long-term economic performance. …
Mumbai: The Tata’s holding company, Tata Sons, has extended Chairman Natarajan Chandrasekaran’s tenure by another five years, breaking the group’s long-standing retirement age of 65 for executive roles. The decision, approved by the Tata Trusts, has been taken considering Chandrasekaran’s experience and continuity for implementing its critical projects- including Air India’s revival, Tata Electronics’ semiconductor plans and the upcoming IPO for its NBFC arm, Tata Capital. This move comes at a time when the infighting amongst the Tata Trust trustees has become serious enough to get the government involved. The rift is a result of mistrust between the trustees, with…
Mumbai: Jio Payments Banks Limited (JPBL) has ventured into toll collection after winning the award to operate India’s first Multi-Lane Free Flow (MLFF) toll collection system for two toll plazas between Jaipur and Gurugram, the company said in a press release. This initiative aligns with the National Highways Authority of India’s (NHAI) digital tolling program, which enables vehicles to pass through toll plazas without stopping. With this, waiting even for a few seconds at the toll plazas will be a thing of the past, as high-resolution cameras will detect the FASTag and the Vehicle Registration Number (VRN) to deduct the…
Ahmedabad: A London-based couple on board the fatal June 12 Air India flight were looking forward to becoming parents after seven years of failed IVF cycles and a miscarriage. They had made multiple trips to India for their IVF treatments, and their hope had been dashed before they could achieve it. The couple tried once more in April this year, with the doctors successfully freezing the embryo after a corrective surgery. The couple was due to get the embryo transferred to the expectant mother’s womb in July, and the whole family was ecstatic about this plan. In anticipation of the…
Mehsana: Continuing PM Modi’s legacy for encouraging investments, the Gujarat government’s two-day Vibrant Gujarat Regional Conference (VGRC) at Ganpat University, Mehsana for North Gujarat saw announcements of 1,212 Memorandums of Understanding (MoUs) being signed for investments across 21 sectors, potentially bringing ₹3.24 lakh crore to the North Gujarat region. CM Bhupendra Patel lauded the success of the regional summit, calling it the beginning of a new era of investments. He has also acknowledged the valuable contributions made by the delegates, union ministers and partner countries- Vietnam, South Korea and Japan- to the success of the summit. Inaugurating the event, CM…
Donald Trump’s surprise announcement of a 100% tariff on Chinese imports has triggered a staggering $19 billion in cryptocurrency liquidations since. Experts fear the total redemptions could exceed $30 billion, after leveraged derivates are accounted for. With cryptocurrencies typically used as a speculative asset, such a collapse is being called a ‘Black Swan’ event- a rare and unpredictable collapse that can risk spilling into traditional finance. According to crypto exchange Coinglass, almost $19.36 billion of cryptocurrencies have been redeemed, including $5.39billion worth of Bitcoin and $4.44 billion of Ethereum, the two most well-known cryptocurrencies. Overall, the total market capitalisation of…
Beijing: Just when we thought the Trump tariff wars had subsided, Donald Trump reignited the fire with a 100% tariff on Chinese goods after China made it harder to import rare earth minerals from the country. While Trump’s tariff trump card hasn’t worked as he expected, the world’s dependence on China’s capabilities to mine and process rare earths has earned it the real trump card. According to Beijing’s new rule, foreign entities will need a license to export any rare earth minerals from China, both domestically-sourced or manufactured or refined, from the Chinese Ministry of Commerce. This adds to the…
New Delhi: Silver exchange-traded funds (ETFs) have emerged as a breakout performer in 2025, mainly due to record inflows of almost ₹8,603 crore as inflows have surpassed those of last year. This year, investors have increasingly preferred the white metal over gold due to its relative affordability, as an alternative to the volatility and unpredictability of the stock market. According to analysts, some silver ETFs have delivered about 50-55% returns this year, far outpacing gold and equity benchmarks. In fact, most ETFs have given upwards of 25% returns in the past month, especially as silver prices have reached almost $50…
Mumbai: Ankur Jain had everything on his side- a product with a steady demand, a growing company, the support of leading investors and a bright outlook for the future. By 2023, his company, Bira 91, was celebrated for its innovative beer, and his success was highlighted widely across the media. Then came an avoidable, rather stupid, mistake Ankur was aiming to take his eight year old company public, and for that, he decided to change the company’s registered name from B9 Beverages Private Limited to B9 Beverages Limited, in order to comply with procedural norms for its planned listing. Though…
