Dalal Street ended last week in red, with four of the country’s 10 most valued firms seeing their combined market valuation erode by Rs 87,960.29 crore.Bharti Airtel bore the biggest hit, with its valuation falling Rs 28,052.96 crore to Rs 12,14,963.15 crore. Tata Consultancy Services (TCS) was the next biggest loser, shedding Rs 22,070.34 crore…
Canada’s Prime Minister Mark Carney Canada has called off trade talks with the US after months of negotiations aimed at reaching a deal between the two countries. On Saturday, Canadian Prime Minister Mark Carney announced the suspension of the talks, spelling out three key US demands that ultimately pushed the negotiations to a deadlock.The demands…
Canadian Prime Minister Mark Carney Canada suspended trade talks with the United States on Saturday, citing that Washington had pushed for too many concessions in the final stages of negotiations, prompting Ottawa to recall its negotiators back home. Summing up Ottawa’s position, Prime Minister Mark Carney said, “We are masters in our own home.”He added…
Indian banks raise $72.8 billion in foreign-currency funds under RBI’s special swap facility as forex inflows surge MUMBAI: Banks have mobilised $72.8 billion of foreign-currency inflows under RBI’s special swap facility as of Aug 21, with the pace of mobilisation accelerating sharply in recent weeks. Foreign currency non-resident (bank) or FCNR(B) deposits accounted for $65.4…
China’s luxury market slumps as tax crackdown on offshore wealth hits spending by the country’s richest consumers Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers. Sales at the…
Up until now, the Amrit Bharat Express has been a non-AC long-distance passenger train. After upgrading train travel for the common man with Amrit Bharat Express, Indian Railways is now set to introduce air-conditioned coaches in the Amrit Bharat 3.0 Express, expected to be rolled out this financial year.Up until now, the Amrit Bharat Express…
PM Modi urges wider use of space technology in agriculture, environment and other sectors as India’s private space industry targets major growth. NEW DELHI: PM Narendra Modi on Friday interacted with chief executive officers (CEOs) and founders of 20 space startups, including India’s leading companies Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix…
Aditya Birla addresses tariff and investment concerns NEW DELHI: Amid concerns over low private sector investment, Aditya Birla Group chairman Kumar Mangalam Birla Friday said the corporate sector was undertaking capital expenditure at a very fast pace.He said RBI data pointed to growth in bank loans to the corporate sector, which are evenly spread between…
Pressure on lending yields and margins will remain key monitorables (file photo) India’s non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with credit demand remaining healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital.The brokerage said management teams have retained their FY27 and medium-term growth…
The lawsuit alleges that Meta designed and monetised Facebook & Instagram to encourage compulsive use among young people (representative image) Meta is facing a landmark legal challenge in the US that could have far-reaching implications for how Facebook and Instagram are designed and operated, after 29 states accused the company of deliberately creating products that…
