Business

Tighter US immigration rules are making Indian families think twice before arranging marriages with relatives living in the United States, matchmakers and experts say.Sidhi Sharma, a 19-year-old medical student from Haryana, had hoped to marry an Indian citizen with a high-paying US job, but abandoned the idea after recent headlines about President Donald Trump’s immigration…

Union finance minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT city on Tuesday, at the sixth Global Fintech Fest in Mumbai. With this, the GIFT IFSC has joined a select group of international financial centres that can settle foreign currency transactions locally.At the event, the FM also highlighted that India…

The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric…

Tata Capital GMP: The conservative GMP indicates investor wariness regarding immediate returns. (AI image) Tata Capital IPO: The initial public offering of Tata Group’s flagship financial services arm Tata Capital got a big thumbsup from brkokerages, with several positive reviews. Yet, the Grey Market Premium (GMP) has crashed to just 3%. The GMP is usually…

Asian stocks mostly rose on Tuesday, though trading was quiet due to holiday closures in some markets. Japan’s Nikkei 225 hit a new record, lifted by optimism over possible government spending and tax cuts under the country’s soon-to-be first female prime minister.The Nikkei was trading up 0.3% to 48,098, following a nearly 5% surge on…

Canara HSBC Life Insurance Company Ltd on Tuesday announced the price band for its upcoming IPO, setting it at the range of Rs 100 to Rs 106 per share, targeting a valuation of about Rs 10,000 crore at the upper end.The insurer’s Rs 2,516-crore public offering will open for subscription on October 10 and close…

Analysts indicate positive market sentiment, with expectations of sector-specific movements as Q2 results emerge. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,050, BSE Sensex was up around 50 points. At 9:18 AM, Nifty50 was trading at 25,093.00, up 15…

NEW DELHI: The country’s housing market saw a 3.1% rise in demand during July-Sept over the previous quarter with buyers opting for smaller homes amid affordability challenges, said a new report.The share of 1 and 2 BHK units rose to 54% in the Sept quarter, reversing the declining trend seen over the last two years,…

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Mahindra & Mahindra Ltd (M&M), and Bharat Forge:M&M – Buy in the range between Rs 3,465 & Rs 3,480; Stop Loss: Rs 3,330; Target: Rs…

NEW DELHI: Supreme Court on Monday decided to examine a plea challenging the constitutional validity of Securities Transaction Tax (STT) imposed on stock market participants and sought a response from the Centre on a petition filed by a trader who alleged it violated the principle of double taxation. STT was introduced 2004 and is currently…