Baba Ramdev and Patanjali Ayurved’s Managing Director Acharya Balkrishna (File Photo) Patanjali Ayurved, which is known for its herbal and other fast-moving consumer goods, is now set to enter financial services through a nearly Rs 4,500 crore acquisition.The Insurance Regulatory and Development Authority of India (Irdai) has approved the acquisition of Magma General Insurance by…
Experts say the hiring landscape is becoming increasingly project and demand driven. India’s IT sector is seeing a big shift in hiring – especially at the fresher level with big firms being selective in talent acquisition. Not only that, there is an emerging trend of delaying onboarding at the fresher level, leaving many hires in…
India’s expanding renewable energy capacity could soon help turn the country into an energy exporter. German ambassador to India Philipp Ackermann said that Germany could emerge as one of the buyers of Indian green hydrogen in the coming years. Speaking at the Indo-German Industries Dialogue organised by the Indo-German Chamber of Commerce, Ackermann said renewable…
Global gold demand remained largely unchanged in the April-June quarter as softer prices moderated investment demand after the record rally earlier this year, according to the World Gold Council (WGC).Total gold demand stood at 1,269 tonnes in the second quarter of 2026, almost unchanged from 1,268.6 tonnes a year earlier, the WGC said in its…
Ever since the advent of artificial intelligence, people across industries have struggled with a common question: how long before it comes for their jobs?According to a Goldman Sachs report, the answer depends on the nature of the work. Routine and repetitive jobs across financial services, retail trade, healthcare and education face the highest risk of…
If the security situation worsens and Red Sea supplies are disrupted during August, refiners will have to replace those volumes with crude sourced from elsewhere. India’s crude oil imports from Russia may even touch a new record high of 3 million barrels per day if the shipment disruptions through Strait of Hormuz and even Red…
Microsoft’s push into artificial intelligence is beginning to show stronger returns, with the company reporting a sharp rise in cloud revenue and a growing base of paid AI users in its latest quarterly results.The technology giant posted revenue of $90 billion, or $4.81 per share, for the April-June quarter, an 18% increase from the year-ago…
Asian equities showed signs of stabilising on Thursday, but investors remained cautious after a turbulent week marked by a sharp AI-driven market sell-off, uncertainty over the US interest rate outlook and renewed geopolitical tensions that briefly sent oil prices soaring. Taiwan’s benchmark climbed 666.47 points to 40,705.65, up 1.66%, while South Korea’s Kospi gained 201.22…
Asian equities showed signs of stabilising on Thursday, but investors remained cautious after a turbulent week marked by a sharp AI-driven market sell-off, uncertainty over the US interest rate outlook and renewed geopolitical tensions that briefly sent oil prices soaring.Taiwan’s benchmark climbed 666.47 points to 40,705.65, up 1.66%, while South Korea’s Kospi gained 201.22 points…
NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck…
BENGALURU: GenAI is poised to transform India’s labour market over the next decade, redefine job roles and accelerate the shift towards higher-value work, according to a new Goldman Sachs report.The report estimates that GenAI could automate 9-17% of tasks currently performed by India’s non-agricultural workforce. However 8-12% of jobs face a meaningful risk of substitution,…
BENGALURU: Indian Premier League‘s business value rose 11.4% from a year earlier to $20.6 billion in 2026, helped by growing revenues, digital viewership and record franchise transactions, according to a study by investment bank Houlihan Lokey.It also pegged Royal Challengers Bengaluru’s brand value at $312 million, 16% higher than the previous year and making it…
