Samvat 2083: What’s next for investors? NEW DELHI: Diwali is here, and investors are looking ahead to Samvat 2083 with one key question: what lies ahead for Dalal Street in the new year? While India’s domestic growth outlook remains encouraging, global uncertainties and market volatility could keep investors on their toes. Market participants are therefore…
Angan Guha, president and CEO ofAmericas 2 Strategic Market at Wipro BENGALURU: Wipro has appointed Angan Guha as president and CEO of its Americas 2 Strategic Market Unit, effective Dec 8. He will report to Wipro CEO Srini Pallia and join the company’s executive leadership team. Guha will focus on strengthening Wipro’s business across banking,…
BENGALURU: Bosch reported a 19% year-on-year increase in consolidated net profit at Rs 840 crore for the Sept quarter of FY27, driven by strong demand across automotive segments and the inclusion of Bosch Chassis Systems India in its consolidated results for the first time. Consolidated revenue from operations rose 28.2% to Rs 7,655 crore, compared…
NEW DELHI: Sales of air purifiers are witnessing a sharp jump as pollution levels worsen across the country, even as the onset of winter spurs demand for other seasonal appliances including room heaters, geysers and electric kettles. Air-purifier sales on Amazon doubled over the past week alone, while those across e-commerce platforms grew 1.4 times…
MUMBAI: The rupee strengthened 57 paise to close at 93.91 a six-month high against the US dollar, extending its recovery on sustained foreign fund inflows, falling crude oil prices and easing concerns over the global concentration of investments in artificial intelligence. The currency has emerged as the second-best performer against the dollar this month after…
NEW DELHI: Electronics and IT minister Ashwini Vaishnaw called on social media platforms to take greater responsibility for the content they carry, pressing them to explain how their algorithms work, protect children from harmful content and give users a better way to resolve complaints.Asked whether govt was considering withdrawing safe-harbour protection for social media companies,…
NEW DELHI: ONGC’s overseas investment arm ONGC Videsh (OVL) is exploring the possibility of securing operatorship rights for two Venezuelan oil projects – San Cristobal and PetroCarabobo — and is in advanced talks with the Venezuelan govt and US authorities.During an analyst call following its Q2 financial results, the company said the arrangement is likely…
MUMBAI: RBI has proposed tighter rules for classifying gold-backed farm loans as priority sector lending (PSL), requiring banks to verify borrowers’ actual agricultural credit needs against the district scale of finance for the crop. Banks would also have to document field inspections, crop hypothecation and evidence of agricultural activity by landless cultivators failing which loans…
India-UK Free Trade Agreement (FTA) NEW DELHI: The British High Commission in India marked Diwali by highlighting the landmark India-UK Free Trade Agreement (FTA), saying the deal has given the two countries more reasons to celebrate and expressing optimism about the future of their partnership.In a post on X, the High Commission said this year’s…
Kleros says Singapore court has ordered authorities to take action in $650Mn awardMUMBAI: Tata Power’s legal battle with Kleros Capital Partners, a British Virgin Islands-incorporated resource and infrastructure investment firm, has taken a significant turn after a Singapore court authorised the seizure and sale of shares held by the Tata Group utility in two of…
