Rupee opened Friday on a stronger note against the US dollar, rising 14 paise in early trade as upbeat sentiment in equity markets supported the currency. However, gains remained capped due to sustained foreign fund outflows and firm crude oil prices amid escalating tensions in the Middle East, according to forex traders.At the interbank foreign…
Prime Minister Narendra Modi’s visit to Haryana, Chandigarh and Punjab on Friday will see the rollout of development projects worth over Rs 24,800 crore, spanning highways, railways, healthcare and education. The itinerary includes the flagging off of India’s first hydrogen-powered train, alongside the inauguration of completed projects and the laying of foundation stones for new…
Silver rate today: Silver, platinum and palladium see sharper declines The weakness in precious metals extended well beyond gold, with silver and platinum group metals posting even steeper losses. Spot silver dropped 3.6% to $55.68 per ounce, while platinum fell 3.1% and palladium declined 4.1%. The broad-based sell-off reflected growing concerns that higher interest rates…
Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals.The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business that can better compete with Just Eat, owned…
NEW DELHI: Carmakers may soon have a new way to meet India’s fuel efficiency norms without relying solely on electrification, with the Centre proposing to reward a range of fuel-saving technologies under the draft Corporate Average Fuel Economy (CAFE)-III regulations.The draft norms, released by the power ministry for stakeholder consultation, have proposed to allow manufacturers…
NEW DELHI: Rising fuel prices and increased consumer interest in electric mobility have prompted JSW MG Motor India to double down on its new-energy vehicle strategy. Managing director Anurag Mehrotra said passenger vehicle EV penetration, which had slipped below 4% at the start of 2026, crossed 8% in June as higher fuel costs and growing…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: The Centre is planning to use new tools to enhance liquidity for micro, small and medium enterprises (MSMEs) and will move amendments…
Representative image (File photo) MUMBAI: RBI has barred defaulting borrowers from buying back properties acquired by lenders to satisfy a defaulter’s debt, tightening norms for resolution of stressed accounts under its new directions effective Oct 1, 2026.Defaulters and their related parties, as defined under the Insolvency and Bankruptcy Code, 2016, cannot repurchase such assets from…
Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate…
Srini Pallia, CEO & MD, Wipro Bengaluru: Wipro struck a cautious note on near-term demand after reporting a modest June-quarter performance compared with its larger peers, saying clients continue to prioritise AI investments while remaining selective on discretionary spending.For the quarter ended June, Wipro’s IT services revenue stood at $2.6 billion, down 1.4% sequentially but…
NEW DELHI: In a major boost for India’s semiconductor startup policy, govt is redesigning its support framework under Semicon 2.0 and intends to move away from one-time grants to a model of larger, milestone-linked funding coupled with equity investments, alongside venture capital (VC) firms.On Wednesday, the cabinet approved Semicon 2.0 with an outlay of Rs…
India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as…
