Sensex, Nifty rebound on IT stock rally; Sensex climbs 331 points to 77,265, Nifty gains 85 points to 24,176. MUMBAI: Benchmark equity indices sensex and Nifty rebounded on Friday after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets. The 30-share BSE sensex climbed 331…
A man navigates through a mud-covered street next to damaged houses following the flash floods and mudslide in Nepal Nepal may need between $4 billion and $5 billion to rebuild after this week’s devastating floods, finance minister Swarnim Wagle told Reuters on Saturday, as authorities continued to assess the scale of loss and damage.“The initial…
Tata Group in talks with Shapoorji Pallonji for potential share swap or buyout of its 18.4% stake in Tata Sons. The Tata Group is in talks with its biggest minority shareholder on proposals to unlock liquidity, including a potential swap of shares of its listed entities, as the Shapoorji Pallonji Group seeks funds to repay…
Federal Reserve Board Chairman Kevin Warsh speaks on inflation Federal Reserve chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers…
US Fed chairman Kevin Warsh Federal Reserve Chair Kevin Warsh has indicated that the US central bank may need to raise interest rates in the coming months if inflation does not make enough progress towards its 2% target.Speaking at the Fed’s annual conference in Jackson Hole, Wyoming, on Friday, Warsh acknowledged that recent US data…
IGL has raised CNG prices in Delhi-NCR by Rs 3.89 per kg Compressed natural gas (CNG) consumers in Delhi and several other cities will have to pay more from Saturday, with Indraprastha Gas Ltd (IGL) announcing a Rs 3.89 per kg increase in prices amid a sharp rise in the cost of imported liquefied natural…
Meta India, SE Asia VP Devanathan joins OpenAI BENGALURU: Meta’s vice-president for India and Southeast Asia, Sandhya Devanathan, is leaving the social media giant after more than a decade to join OpenAI, where she will become vice-president for Southeast Asia and Australia.Devanathan will be based in Singapore and report to Kiran Mani, OpenAI’s managing director…
Peyman Kargar will become TVS Motor’s new Chief Executive Officer starting January 27, 2027 CHENNAI: TVS Motor Company, has appointed Peyman Kargar, currently president of international business, as its director and chief executive officer with effect from Jan 27, 2027. Kargar will succeed K N Radhakrishnan, who will continue as CEO until Jan 27 and…
Representative AI -generated image BENGALURU: Ford Business Solutions (FBS) plans to hire around 500 people in India in 2027, mainly in technology and data roles, as the automaker builds specialised capabilities in areas such as AI and connected vehicles while taking a more calibrated approach to overall workforce growth. The India global capability centre (GCC),…
Foreign currency assets rose by $9.482 billion to $591.333 billion during the reporting week (representative image) India’s foreign exchange reserves surged by $12.422 billion to a new all-time high of $729.328 billion in the week ended August 21, Reserve Bank of India (RBI) data showed on Friday.The country’s forex reserves have now risen for eight…
