Business

At least a dozen large companies have shown interest in partnering with the Union government for the Rs 60,000-crore National Scheme for Industrial Training Institute (ITI) Upgradation. Eight of these—including Reliance Group, Adani Group, Mahindra Group, JK Cement, Jindal Group, Toyota India, Schneider Electric and ArcelorMittal Nippon Steel—have submitted their preferred states and sectoral interests…

AI-generated image used for representation NEW DELHI: Ahead of Prime Minister Narendra Modi’s visit to the United Kingdom, foreign secretary Vikram Misri on Tuesday addressed questions about growing Western pressure on India over buying Russian oil. He made it clear that India’s energy needs come first.Misri said, “…We have been very clear that insofar as…

India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation,…

Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…

Sovereign Gold Bonds or SGBs are government-backed securities measured in grams of gold. (AI image) Soverign Gold Bond redemption: The Reserve Bank of India (RBI) has announced the early redemption value for Sovereign Gold Bonds (SGB) 2018-19 Series-V. Investors can opt for early redemption only after holding the bonds for five years from the issue…

In the Indian market, Apple’s primary suppliers include Foxconn and Tata Electronics. (AI image) China’s rare earth metal export curbs may soon begin hitting production of Apple AirPods in India. China has stepped up restrictions on exports of rare earths and various industry sectors have raised the alarm on the possible impact of the unavailability…

Market observers anticipate sideways movement, with attention on quarterly results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,100, BSE Sensex was up over 150 points. At 9:26 AM, Nifty50 was trading at 25,123.10, up 32 points or 0.13%. BSE…

Asian markets hovered near a four-year high on Tuesday, supported by Wall Street’s record close and optimism around upcoming corporate earnings. Investors also tracked global trade developments, especially US tariff talks with key partners, Reuters reported.Japanese markets reopened after a holiday, reacting calmly to weekend election results where the ruling coalition lost in the upper…

BENGALURU: CoinDCX confirmed a $44 million security breach involving one of its internal operational accounts, marking the second-largest publicly known crypto hack at an Indian exchange. The company launched a recovery bounty of up to $11 million to trace the funds and identify those responsible. While the loss was limited to CoinDCX’s own treasury and…

BENGALURU: Eternal-the listed parent of Zomato – posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter. Source link