India’s expanding data centre and artificial intelligence ecosystem could position the country as a global leader in power trade, with experts pointing to surplus electricity capacity and rapid reforms in the power distribution sector, according to speakers at a national conference on energy and technology.Speaking at the National Conference on AI and Machine Learning based…
NEW DELHI: The ministry of civil aviation on Saturday issued a fare-cap order to curb steep price surges across domestic routes following widespread flight cancellations by IndiGo. However, it did not name the airlines directly and referred it to as “one of India’s major airlines”.In order no 01/2025, the ministry said the disruptions had led…
Ahead of Budget 2026, Finance Minister Nirmala Sitharaman on Saturday said simplifying India’s customs framework will be the government’s next major reform focus, signalling a comprehensive clean-up aimed at making compliance easier and more transparent.Speaking at the HT Leadership Summit, Sitharaman said customs reforms would follow the rationalisation efforts already undertaken in income tax and…
Realty firm Smartworld Developers will invest around Rs 2,000 crore to build its first project in Noida, as part of the company’s plan to expand beyond the Gurugram property market. Smartworld Developers has announced its entry into Noida, which is an important micro-market in the Delhi-NCR. The company has acquired a 6-acre land parcel in…
Despite global economic uncertainties, geopolitical disruptions, and softened demand in some markets, India’s merchandise exports continue to demonstrate resilience, the government said on Friday. “There is, as of yet, no conclusive evidence that the export trends are attributable specifically to any tariff-related action. India’s export sectors continue to demonstrate strength and diversification,” MoS for commerce…
Trade negotiations between India and the United States are set to move forward as the two nations will be holding three days of talks in New Delhi, sources told PTI. The talks are scheduled from December 10 to 12 as both countries aim to finalise the opening tranche of the pact. “The three-day talks will…
SpaceX might soon reach a $800 billion valuation as the rocket maker has began a new secondary share sale, according to sources cited by the Wall Street Journal. In case it manages to reach the figure, SpaceX will rush ahead of OpenAI to become the most valuable private company in the US. The new valuation…
MUMBAI: A pro-growth monetary policy statement from RBI lifted investor sentiment on Dalal Street on Friday that lifted the sensex by nearly 450 points to close at 85,712 points. The rate cut decision, which is expected to aid banks’ lending business, led to a strong rally in banking stocks with SBI and HDFC Bank contributing…
Noel tata, Ratan Tata, Simone Tata MUMBAI: Former Tata Group director Simone Tata had transferred ownership of her assets, including Tata Sons shares, to her son and Tata Trusts chairman Noel Tata, said people in the know.The move, which took place some years ago, increased Noel’s stake in Tata Sons to 1%, making him the…
MUMBAI: The RBI delivered its first rate cut since June 2025 on Friday, lowering the repo rate by 25 basis points to 5.25%. The move is expected to soften home loan rates, which may fall to a record low.The RBI also raised the growth projection for FY26 to 7.3% from 6.8% while lowering the inflation…
MUMBAI: Simone Tata (nee Dunoyer), a Swiss national who married into the Tatas and built India’s most enduring cosmetics brand, passed away in Mumbai Friday at 95.Lakme, a Tata venture born of an unusual request by then PM Nehru, who noticed that Indian women relied heavily on imported cosmetics, draining precious foreign exchange, was named…
BENGALURU: It’s something of a Francisco D’Souza redux. After stepping down as Cognizant CEO, D’Souza co-founded Recognize. Now, Bain Capital, in partnership with Recognize, has closed a multi-billion-dollar deal to acquire HealthEdge, the US-based healthcare software provider. During D’Souza’s tenure, Cognizant carved out a strong franchise in healthcare, with the former CEO playing a pivotal…
MUMBAI: Most tech-driven financial services platforms faced outages during Friday’s high-intensity late session due to tech-glitch at Cloudflare, one of the companies that runs the internet globally. Traders in India faced issues with trade execution and cancellations on a day when the RBI policy and weekend considerations led to higher trading intensity than most other…
Kolkata: 106-year-old Kesoram Industries, once the flagship of the B K Birla group, is being acquired by Frontier Warehousing, a city-based storage and logistics solutions company. The total value of the acquisition, as per stock exchange filings, would be close to Rs 100 crore.Frontier-owner Gautam Agarwal, told TOI he is drawing up plans for Kesoram,…
MUMBAI: RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more procedural than substantive. “The point that they’re…
MUMBAI: Reserve Bank of India’s Deputy Governor, Poonam Gupta, has responded to recent International Monetary Fund (IMF) comments questioning the quality of India’s growth data and classifying the Indian rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more…
Netflix is one step closer to pulling off one of the biggest entertainment takeovers in recent history. The streaming giant is now in exclusive negotiations to purchase Warner Bros Discovery’s film and television studios, as well as its streaming businesses, after putting forward an offer priced at $28 per share, according to a source with…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…
IndiGo CEO Pieter Elbers on Friday said the airline expects to cancel fewer than 1,000 flights on Saturday, adding that operations should return to normal between December 10 and 15.His message came on a day when the carrier scrapped more than 1,000 flights — over half its daily schedule — amid nationwide chaos triggered by…
