Mumbai, Aug 12 — The benchmark equity indices, the Sensex and the Nifty, ended lower for the second consecutive session on Wednesday as elevated crude oil prices and uncertainty surrounding a potential deal to reopen the Strait of Hormuz kept investors cautious.The Sensex fell 187.90 points, or…
Jaipur, Aug 12 — Central Bank of Iran Governor Dr Abdolnaser Hemmati met Reserve Bank of India (RBI) Governor Sanjay Malhotra on the sidelines of the BRICS Summit here on Wednesday.During the meeting, the two sides exchanged views on major international economic and financial developments, the…
New Delhi, Aug 12 — BRICS nations are exploring potential linkages between their fast‑payment systems and central bank digital currencies (CBDCs), Reserve Bank of India Governor Sanjay Malhotra has said, as New Delhi prepares to host the 2026 summit of the grouping in September.New Delhi, Aug 12…
New Delhi, Aug 12 — DigiLocker has reached more than 72.43 crore registered users and has about 72.86 crore document access transactions in the last three years, the Parliament was informed on Wednesday.Moreover, the UMANG platform has more than 11.66 crore registered users witnessing about 798…
Mumbai, Aug 12 — India's benchmark Nifty index still requires an 8 per cent gain from its July-end level to recover to its record peak, while midcap and smallcap indices are much closer to their previous highs, a report said on Wednesday.The analysis by Abakkus Mutual Fund said the Nifty, which…
New Delhi, Aug 12 — Union Minister of Commerce and Industry Piyush Goyal on Wednesday called upon Indian businesses and citizens to adopt fair trading practices, promote recycling and reuse and embrace a circular economy as the country seeks to become a $30 trillion economy by 2047.Addressing the…
Mumbai, Aug 12 — Hi-Tech Pipes on Wednesday reported a 4.2 per cent year-on-year (YoY) decline in consolidated net profit for the June quarter (Q1 FY27), as a sharp rise in expenses and finance costs offset strong revenue growth. The company's consolidated net profit fell to Rs 20.04 crore in the…
Ahmedabad, Aug 12 — Two days after a US District Court in the Eastern District of New York permanently dismissed with prejudice the US Department of Justice's (DoJ) criminal case against him, Gautam Adani, Chairman of the Adani Group, said on Wednesday that the nearly two-year legal chapter had…
New Delhi, Aug 12 — Indian semiconductor startups have raised approximately $206 million across 51 funding rounds since 2022, with investor interest currently shifting to fewer but larger bets on companies closer to commercialisation, a report said on Wednesday. The report from venture capital firm…
New Delhi, Aug 12 — India's dealmaking activity accelerated in July as overall transaction value reached $11.6 billion across 210 deals due to a rebound in mergers and acquisitions (M&A), steady private equity (PE) investments and the strongest capital markets activity of the year, a report…
New Delhi, Aug 12 — IT services mergers and acquisitions (M&A) activity recorded 449 deals worth about $14.8 billion in the first half of 2026, with cloud, data and analytics, cybersecurity and managed services leading deal activity, a report said on Wednesday.Despite softer discretionary…
New Delhi, Aug 12 — India has emerged as a country that is capable of linking the United States, Israel, the UAE and Saudi Arabia with plans for economic corridors, technological partnerships, resilient supply chains, and strategic connectivity in the Middle East region, according to an article in…
Mumbai, Aug 12 — India's capital markets regulator has found no signs of manipulation in the newly introduced closing auction session, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Wednesday, amid concerns raised by some market participants over the new…
New Delhi, Aug 12 — Bangladesh has recorded another weak year in implementing its Annual Development Programme (ADP) with only 67.5 per cent of the revised ADP implemented in FY 2025-26 -- the lowest in 53 years, according to an article in Dhaka-based The Daily Star.The previous fiscal year also…
Ahmedabad, Aug 12 — Adani Group Chairman Gautam Adani on Wednesday reflected on his early struggles, saying that the millions of young people working at various Adani Group project sites across the country reminds him of his own journey as a small-town teenager who left home in search of…
New Delhi, Aug 12 — The Centre’s Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) Scheme Phase-II has supported the sale of approximately 16.72 lakh electric vehicles, including e-2Ws, e-3Ws, and e-4Ws. In addition, 5,299 electric buses (e-buses) have been deployed…
Kolkata, Aug 12 — Passengers at Netaji Subhas Chandra Bose International (NSCBI) Airport in Kolkata protested on Wednesday morning after an Air India Express flight to Chennai was delayed for around six hours due to a technical fault.According to an airport official, the flight was scheduled to…
New Delhi, Aug 12 — India's total merchandise exports for the July‑September quarter of fiscal 2027 are projected at $131.2 billion, marking a year‑on‑year rise of 17.6 per cent, a report said on Wednesday.The report from India Exim Bank forecasted non‑oil exports at $113.8 billion, up 20.3 per…
Mumbai, Aug 12 — Tata Group-backed companies' stocks witnessed heavy selling pressure on Wednesday, plunging up to 5.95 per cent and losing about Rs 46,000 crore in market value after N. Chandrasekaran said he would not offer himself for reappointment as chairman of Tata Sons when his current term…
New Delhi, Aug 12 — Temporary hiring across India's organised retail, e‑commerce, quick commerce, logistics, FMCG and consumer durables is expected to grow 15–20 per cent this festive season, with employers moving beyond volume recruitment toward specialised frontline roles to support a longer…
New Delhi, Aug 12 — N Chandrasekaran -- who has completed four decades with the Tata Group -- on Wednesday described his tenure at the helm of the group as a great honour and a profound responsibility after resigning and deciding not to seek reappointment as Chairman of Tata Sons when his current…