New Delhi, Nov 4 — Oracle has reportedly canceled a multibillion-dollar agreement to lease advanced artificial intelligence chips to Chinese technology giant Tencent after coming under pressure from the Trump administration.The report by Financial Times said US officials approached Oracle with…
Mumbai, Nov 4 — The Reserve Bank has constituted a Technical Consultative Committee for Financial Markets (TCCFM), headed by RBI Deputy Governor Rohit Jain, against the backdrop of rapidly evolving financial markets and market infrastructure.“The Committee will serve as a forum for structured…
New Delhi, Nov 4 — The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers, allowing customers to choose specific covers based on their requirements, effective from December 15,…
New Delhi, Nov 4 — Indian Railways recorded its highest-ever freight loading for October, transporting 145.07 million tonnes of freight during the month, marking an increase of 8.32 per cent from 133.93 million tonnes in October 2025, an official statement said on Wednesday.The statement from the…
New Delhi, Nov 4 — Gold and silver prices extended gains on Wednesday, with precious metals surging up to 3 per cent amid support from a weaker US dollar, lower Treasury yields and continued geopolitical uncertainty.In the domestic market, 24-karat gold touched Rs 1,41,980 per 10 grams, up 1.4 per…
Mumbai, Nov 4 — Essar Renewables Limited (ERL), Essar Power's renewable energy arm, has signed a Power Purchase Agreement (PPA) with NHPC Limited for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh.Essar Power will invest about Rs 4,500 crore in the project,…
New Delhi, Nov 4 — Borderless -- parent company of Stockal Securities -- on Wednesday said DriveWealth has notified it about unauthorised trading activity in 13 customer accounts amid allegations that nearly 30 retail investors lost more than Rs 100 crore on the Bengaluru-based fintech platform.The…
New Delhi, Nov 4 — The US dollar index and Treasury yields fell sharply as investors increasingly priced in a Democratic sweep in one of the most closely watched US midterm elections, with experts on Wednesday saying the outcome could influence oil prices, tariff policies, regulation of major…
New Delhi, Nov 4 — Demand buoyancy fuelled growth of business activity and new orders across India's service economy in the month of October, as HSBC PMI came at 55.8 on Wednesday, rising from 55.2 in September which is the strongest pace of growth for four months.The Services PMI was comfortably…
New Delhi, Nov 4 — Graphic design platform Canva will cut 1,271 jobs or about 22 per cent of its workforce as part of a major organisational overhaul aimed at positioning the company for long-term growth, Chief Executive Officer and Co-founder Melanie Perkins said on Wednesday.In a note to…
New Delhi, Nov 4 — The Minister of State for Commerce and Industry Jitin Prasada held a series of high-level meetings with leading Polish industry leaders in Warsaw, exploring opportunities to deepen India-Poland cooperation across defence technologies, space, information technology, manufacturing…
Mumbai, Nov 4 — Indian equity benchmarks opened on a subdued note on Wednesday after extending gains for four consecutive sessions, tracking mixed global cues as Asian markets faced pressure from technology stocks amid concerns over AI spending.Sensex opened at 76,853.11, down 64.74 points or 0.08…
Washington, Nov 4 — Hyundai Motor and Kia reported record US automobile sales for the month of October, driven by strong demand for hybrid and electric vehicle (EV) models.Hyundai Motor America, the South Korean automaker's U.S. subsidiary, said it sold 73,452 vehicles in the United States last…
Seoul, Nov 4 — E-commerce giant Coupang said on Wednesday it swung to a net loss in the third quarter from a year earlier, largely due to costs caused by a warehouse fire.In the three months that ended in September, the US-listed company posted a net loss of 715.1 billion won (US$501 million) from…
New Delhi, Nov 4 — The IndiaAI Mission has released two indigenous foundation models, showcasing India's progress in creating home-grown AI technology.The IndiaAI Mission released EKA-1 and Dhīr (Dhīr 2B & Dhīr 5B) developed by Soket Labs Technology and Research Private Limited and ZenteiQ…
Kolkata, Nov 3 — As part of the government of India's Maritime Amrit Kaal Vision 2047, Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, visited the Hanwha Ocean shipyard in Geoje, South Korea, and met Chang-yong Kim, its executive vice president of manufacturing. Ravi Kumar…
New Delhi, Nov 3 — Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal unveiled a Rs 1,500 crore development plan for the Puri International Cruise Terminal on Tuesday, to be taken up by the Paradip Port Authority (PPA) in partnership with the Odisha government, according to an…
Thiruvananthapuram, Nov 3 — Kerala Chief Minister V.D. Satheesan on Tuesday questioned the constitutional authority of a legislature to reject or exclude findings of the Comptroller and Auditor General (CAG) from scrutiny by the Public Accounts Committee (PAC), saying a government cannot use its…
Kolkata, Nov 3 — The Syama Prasad Mookerjee Port (SMP), Kolkata, handled 40.527 million metric tonnes (MMT) of cargo between April and October 2026. This is a 5.10% increase over the 38.562 MMT handled during the corresponding period of the previous financial year. Both the Haldia Dock Complex…
Mumbai, Nov 3 — The Reserve Bank of India (RBI) has eased the foreign exchange reporting requirements for small exporters and importers of services.Under the amended Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, individual service exporters will be deemed…
New Delhi, Nov 3 — Chintan Research Foundation (CRF) and the Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday announced that they have entered into a strategic institutional partnership to advance collaborative research, policy engagement and industry-oriented economic…