Category: Business

BlackRock backs Adani with $250 million in private bond deal amid DOJ scrutiny In a major show of investor confidence, BlackRock-managed funds have become the largest subscribers to the Adani Group’s USD 750-million private bond issuance. The US-based asset management giant, which oversees USD 12 trillion in assets, has picked up one-third of the issuance, which comes with a tenure of 3–5 years, according to sources with direct knowledge of the deal.

Post Office Senior Citizen Savings Scheme: Earn Rs 20,000 every month The Senior Citizen Savings Scheme (SCSS) offers senior citizens a secure way to generate a fixed monthly income after retirement. With a maximum investment of Rs 30 lakh and an 8.2% interest rate, investors can receive approximately Rs 20,500 monthly.

SBI, HDFC, ICICI Bank and 4 other banks: Comparing 3-year FD interest rates State Bank of India offers 6.75% (7.25% for senior citizens), while HDFC Bank and ICICI Bank provide 7% (7.5% for senior citizens). Bank of Baroda offers 7.15% (7.65% for senior citizens), and other banks offer competitive rates.

TCS Q4 2024-25 Results: India’s largest IT services firm’s profit dips 1.68% to Rs 12,224 cr For the full year FY25, TCS’ net profit rose 5.76 per cent year-on-year to Rs 48,553 crore. The IT heavyweight wrapped up the fiscal FY25 with a full-year topline growth of 5.99 per cent at Rs 2,55,324 crore.

US-European Union Tariff war: EU puts tariff retaliation on hold for 90 days The European Union’s executive commission said Thursday it will put its retaliation measures against new US tariffs on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution.

Foreign investors have 30-44% shareholding in These 3 companies | Details Foreign Institutional Investors (FIIs) have significant shareholding in three companies, which include, Home First Finance Co India Ltd, Zomato (Eternal) and Apollo Tubes Ltd.

Asia shares jump after US stocks soared to historic gains when Trump paused most of his tariffs Asian shares surged in Thursday trading, with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump’s decision to back off on most of his tariffs.

Gold loans: RBI guidelines want standardised metal test; monitor end-use With Reserve Bank of India issuing proposed guidelines, the face of gold loans in the country is perhaps going to change with this sort of credit moving into a harmonised regulatory framework.

RBI rate cut: Four PSU banks trim lending rate within hours, more to follow One of the central fallouts of a Repo Rate cut is the overall lowering of cost of funds in the system. Decline in retail loan interest such as personal loan, home loan and car loan can boost consumption quickly.

Clash of the trade titans: US, China locked in fierce face-off over tariffs None is ready to blink first. Melanie Hart, senior director of the Global China Hub at the Atlantic Council, said Beijing is now “throwing the entire toolkit against” the US, blacklisting companies, hitting American farmers and cutting the nation off from critical minerals.