Business

India’s pension regulator has relaxed exit and withdrawal norms under the National Pension System (NPS), giving non-government subscribers greater flexibility over their retirement savings and extending the investment horizon to age 85, PTI reported.Under the revised rules, non-government NPS subscribers will now be allowed to withdraw up to 80% of their accumulated pension wealth at…

The government on Wednesday said it has simplified and streamlined the visa process for Indian companies seeking to bring in foreign professionals, including engineers and technical experts, whose services are required for production-related activities such as machine installation, quality checks, training and plant design.The move is expected to benefit domestic firms that import machinery from…

HYDERABAD: Cyient Semiconductors, a wholly owned subsidiary of Cyient Ltd, is acquiring over 65% stake in San Jose headquartered power semiconductor player Kinetic Technologies for a total cash consideration of up to $93 million (approx. Rs 846 crore). The transaction, which is subject to customer closing conditions, is expected to be completed by April 30,…

NEW DELHI: The US administration for children and families (ACF) under the department of health and human services wrote to the governors of 39 states, calling on them to safeguard Social Security benefits meant for children in foster care. In letters sent on Thursday, the ACF flagged concerns alleging that state child welfare agencies are…

Silver prices on Wednesday breached the Rs 2 lakh-per-kilogram mark in the national capital for the first time, driven by strong demand in domestic and overseas markets, according to the All India Sarafa Association, PTI reported.The white metal surged Rs 7,300 to hit an all-time high of Rs 2,05,800 per kg, compared with the previous…

India and Oman are set to sign a Comprehensive Economic Partnership Agreement (CEPA) on December 18, a move that will deepen economic ties and anchor India’s expanding trade and strategic footprint in the Gulf, according to a report by the Global Trade Research Initiative (GTRI).The agreement, to be inked in Muscat during Prime Minister Narendra…

US stocks were largely steady in early trade on Wednesday as oil prices rebounded from multi-year lows, with energy stocks lending support after President Donald Trump ordered a blockade of all sanctioned oil tankers into Venezuela, according to an AP report.The S&P 500 was up 0.1% in early trading, coming off three straight sessions of…

The mutual fund industry in India reached a milestone in November, with total assets under management rising to Rs 80.80 lakh crore, marking a 18.7 per cent year-over-year growth from Rs 68.08 lakh crore. It added over Rs 12.7 lakh crore to its asset base in the past year, according to Franklin Templeton’s “Mutual Fund…

Indian employees can expect a moderate but steady rise in pay packets in 2026, as companies recalibrate compensation strategies to balance cost pressures, talent retention and productivity in a rapidly evolving workplace, PTI reported citing a survey.Average salaries in India are projected to rise by 9 per cent in 2026, with organisations placing sharper emphasis…

Consumers using CNG for transport and piped natural gas for household cooking are set to see lower fuel bills from January 1, 2026, after the petroleum regulator approved a rationalised pipeline tariff structure aimed at cutting costs, ANI reported.The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a unified tariff framework that will translate…