Creditors of Jaiprakash Associates have unanimously voted in favour of Gautam Adabi-led Adani Enterprises’ resolution plan, choosing it over Vedanta despite the latter placing the highest overall bid in a September e-auction, people familiar with the discussions told ET.Jaiprakash Associates (JAL), which owes lenders Rs 55,000 crore, was admitted into insolvency proceedings in June last…
Air India has approached the Indian government to request access to restricted military airspace in China’s Xinjiang region to shorten international flight paths, according to a Reuters report quoting an internal company document. The move comes as the airline struggles with higher operational costs following Pakistan’s closure of its airspace to Indian carriers.The appeal, submitted…
In October, China, India and Turkey collectively received about 90% of Russia’s crude exports. (AI image) US President Donald Trump’s sanctions on two of Russia’s major oil firms have finally hit the crude supply to India. As per latest data, the shipments of Russia’s crude oil have dropped drastically by 66% in November, as refineries…
Asian markets were subdued Wednesday as worries about high AI stock prices made investors cautious ahead of Nvidia’s earnings report.Nvidia has been a major driver of the global AI rally and is expected to report a 56% jump in revenue for the August–October quarter to $54.92 billion.”It looks like Nvidia’s stock price has been priced…
Expectations remain for Gold to trade in a broad range of $3,880 – 4,150 per oz on a weekly basis. (AI image) Gold price prediction today: Gold prices could trade sideways in the coming days, though the broader upward trend is still in place, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares…
Jefferies has initiated its coverage of WeWork India with a buy rating and a target price of Rs 790. Analysts said that the company is the largest flexible workspace operator by revenues in India. At about 17% compounded annual growth rate (CAGR), flexible workspace stock is growing at two times the pace of office stock,…
Top stocks to buy (AI image) Stock market recommendations:According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Life Insurance Corporation of India, Coromandel, and Doms Industries:Life Insurance Corporation of India – Base Formation near 200-DEMA + Dual MACD Bullish CrossoverBuy near: ₹920–₹910 |…
BENGALURU: A previously unseen figure has stepped into the centre of the Byju’s funding dispute: Oliver Chapman, the UK-based head of supply-chain firm OCI, which first received the $533 million moved out of Byju’s Alpha in 2022. His emergence comes through a motion filed on Nov 15 by Byju’s Alpha, now acting through a court-supervised…
BENGALURU/ MUMBAI: Balancing growth with profitability is a tricky affair for companies. This is especially true for the fast-changing IT space, where tech-driven disruptions are almost a regular occurrence. In the Indian IT sector, leading firms have been navigating intense technological disruption driven by AI, cloud adoption, and advanced analytics. Some CEOs embraced these shifts…
MUMBAI: SBI chairman C S Setty has called for a ‘national financial grid’ that connects credit bureaus, registries, eKYC facilities, UPI and the account-aggregator system, arguing that such an integrated backbone is essential to support India’s next phase of financial growth.Setty said India’s credit-to-GDP ratio, which stands at about 55%, could rise to 64% by…
MUMBAI: There is a need to extend pension coverage to workers earning above Rs 15,000 a month, said M Nagaraju, secretary in the department of financial services, calling the current framework inconsistent and inadequate for large sections of salaried employees in the private sector.At the CII Financial Summit, Nagaraju said those earning below Rs 15,000…
MUMBAI: Federal Card Services (FCS), a Miami-based producer of premium payment cards, has pledged $250 million to build a manufacturing, technology, and services facility in Pune, which it will turn into a central node in its global network. The investment is expected to generate more than 1,000 jobs. A 32,000-sq-ft plant is set to begin…
BENGALURU: Edtech major PhysicsWallah’s stock price closed its debut session on the bourses on Tuesday up 44% over its IPO price as investors rushed to own a pie of the new age learning platform. With this stellar gain, the company joined a handful of start-ups-like Groww and Urban Company-that have given strong returns to their…
MUMBAI: Representatives of India’s capital market on Tuesday urged finance minister Nirmala Sitharaman to keep the securities transaction tax (STT) on cash equity lower than that of equity derivatives trades in the forthcoming Budget. They also suggested to the ministry that in case of a buyback of shares, tax should be imposed only on profits…
New Delhi: The comptroller and auditor general has written to finance ministry expressing concern over the practice of cancellation and retendering in ongoing tendering processes, which, it said, has become a major bottleneck in govt’s ambition of becoming a $7 trillion economy by 2030.In its communication to the expenditure dept, CAG said the govt must…
Many taxpayers who completed their income tax return (ITR) weeks or even months ago are still waiting for their refunds despite the September 16, 2025 filing deadline having passed long ago. With bank accounts being checked daily, the tax department says the delays are tied to closer scrutiny of questionable deduction claims.Launching a taxpayers’ lounge…
Bitcoin slipped below the $90,000 mark for the first time in seven months on Tuesday, signalling a sharp retreat in risk appetite across global markets. The world’s biggest cryptocurrency, which touched a record high above $126,000 in October, has now surrendered all its gains for 2025 and is down nearly 30 per cent from its…
IT major Infosys is set to launch its largest-ever share buyback programme worth Rs 18,000 crore on Thursday, offering shareholders a tender window until November 26. The initiative will see the IT major repurchase up to 10 crore fully paid-up equity shares of face value Rs 5 each at Rs 1,800 per share, representing as…
Elon Musk’s Tesla A new global survey suggests that political considerations are shaping electric vehicle (EV) buying choices, with more than four in 10 EV drivers saying they would steer clear of Tesla due to its political associations. The findings come from an international poll conducted for the Global EV Alliance, which represents national EV…
Microsoft on Tuesday announced a sweeping cloud infrastructure partnership with artificial intelligence firm Anthropic and chipmaker Nvidia, marking a significant realignment in the technology giant’s AI alliances as it moves further away from exclusive dependence on OpenAI, AP reported.Anthropic, the developer of rival chatbot Claude, said it will commit to purchasing $30 billion worth of…
