Wilson Campbell is set to depart as Air India CEO Air New Zealand has appointed outgoing Air India CEO and Managing Director Campbell Wilson to its board, marking his return to a non-executive role after more than three decades in the aviation industry.Wilson, who has been leading Air India’s transformation, will step down from the…
The push for wider PNG adoption gathered pace during the Middle East conflict earlier this year. (Image for representative purpose only) Looking to push for faster adoption of piped natural gas (PNG), the government has introduced an additional incentive for city gas distributors to expand household piped-gas networks. The scheme offers 200 standard cubic metres…
Indian equities have declined over the past two weeks despite a brighter earnings outlook. India’s stock market, among the worst performing this year, has now replaced Indonesia to become the ‘least-favoured’ stock market in India, as per a fund managers’ survey by Bank of America Corp. This signals growing investor caution for the Indian stock…
11:00 (IST) Aug 19 Gold eyes $4,400 break, Brent may head towards $80 Gold’s bias remains positive, but a sustained break above $4,400 an ounce is needed for further gains, while renewed energy inflation or higher yields could trigger consolidation. Brent crude could eventually decline towards $80 per barrel due to sustained Gulf exports and…
Brent futures have risen by around $10 a barrel over the past two weeks, moving above $91 a barrel on Tuesday. Indian refiners are getting crude at high premiums, a contrast to the situation a few weeks ago when global oil prices had dropped. In fact, the price that Indian refiners are paying for crude…
ETF inflows, central-bank buying and softer US data are keeping the medium-term setup constructive. Gold price prediction today: Gold prices are seeing positive momentum, and while volatile, the near-term outlook remains optimistic, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold gained around 0.7% last week and extended the…
Shiprocket made stellar market debut, reached high of Rs 144 post listing Shares of e-commerce logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, listing at a premium of around 35% over its issue price amid strong investor demand for the company’s initial public offering.On the NSE, Shiprocket shares opened at…
Union Finance Minister Nirmala Sitharaman. (Photo: ANI) NEW DELHI: Urging public sector banks (PSBs) to develop a long-term banking relationship with the youth, finance minister Nirmala Sitharaman Tuesday said they should adopt a “lifecycle” approach and aim to become the preferred financial partner across different life stages of an individual — from campus to career…
IBC was drafted in a way that it allowed banks and other creditors to invoke the provisions to recover the dues from guarantors, in case the claims were not fully realised through the corporate insolvency resolution process. (Representative Image) NEW DELHI: Insolvency & Bankruptcy Code (IBC) may have helped recover around 31% of claims in…
Indian equities remain under pressure as investors navigate a difficult combination of elevated crude oil prices, rising global bond yields and renewed uncertainty surrounding the US-Iran conflict. The Sensex and Nifty have already endured a prolonged losing streak, with the Nifty falling for six consecutive sessions through Tuesday. The index lost 132.75 points, or 0.55…
Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market…
The Income Tax Department on Tuesday launched a nationwide verification exercise. (Photo: IANS) NEW DELHI: The income tax department on Tuesday said it conducted a nationwide field verification exercise, including in some border districts, against a group of entities and fictitious charitable trusts, alleged to have sent “large” amounts of funds outside the country over…
ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make a comeback, amid US-Iran conflict. NEW DELHI: ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make…
RBI deputy governor Shirish Chandra Murmu said there are three times as many rupee banknotes in circulation as US dollar bills and nearly six times as many as euro notes. (Photo: ANI) MUMBAI: The US banknote, the most ubiquitous currency in the world used in everything from drug deals to legally accepted tender in multiple…
Tata Sons was forced to adjourn its 108th annual general meeting on Tuesday after a regulatory action deprived the company of the quorum required to transact business. MUMBAI: In a first, Tata Sons was forced to adjourn its 108th annual general meeting on Tuesday after a regulatory action deprived the company of the quorum required…
A large portion of Indian exports of these products already attract antidumping and countervailing duties in the US. India has approached the World Trade Organisation (WTO) over the Donald Trump administration’s move of announcing safeguard tariffs of 25% to 55% from August 15 for quartz surface products.India approached the WTO on August 14 seeking consultations…
Technology shares have swung sharply this summer as investors question whether valuations have risen too far. US stock market today: Wall Street benchmarks moved further away from their record high on Tuesday as technology shares related to the artificial-intelligence boom came under renewed selling pressure.The S&P 500 declined 0.5%, putting it on course for a…
Global oil stocks are under pressure, and the scale of disruption is particularly difficult to determine. The US-Iran war may have led the world to see one of the biggest oil supply disruptions in history but crude prices have largely seen a limited spike. But, for how long? The Middle East conflict is showing no…
AI is becoming a part of finance but governance has to catch up What if your next financial advisor is an AI?You could ask how much tax you owe, whether a particular investment is too risky, whether you can afford a home loan, or which financial product suits your needs.For companies, the questions get bigger:…
India’s chip story enters next phase India is likely to have five to six semiconductor projects in commercial production by the end of 2026, marking the next phase in the country’s efforts to build a semiconductor ecosystem, MeitY secretary S Krishnan said on Tuesday.Speaking at a press conference to announce the fifth edition of Semicon…
