Mahindra Group (File photo) CHENNAI: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its so-called “Growth Gems” –…
In a sign of intense competition among oil producers, Saudi Arabia on Monday slashed crude prices by $11 a barrel for Aug, the sharpest fall in 26 years.The discount on Arab Light Crude follows a $6/barrel cut for July after the Strait of Hormuz opened, resulting in oil prices crashing to pre-Feb 28 levels. Saudi’s…
Mumbai: Flipkart‘s board has approved a second Esop (employee stock ownership plan) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option, an internal email from group CEO Kalyan Krishnamurthy showed.The second liquidity event is likely to be around $25…
The first reviews of Christopher Nolan‘s highly anticipated epic ‘The Odyssey’ are here and they are generating enormous buzz online. Amid much chatter and controversy, critics and industry insiders have described the film as a ‘monumental’ achievement from the filmmaker and also one of his ‘finest achievements’.With the film ready to roll out on July…
Spain’s Mikel Merino scores the opening goal as Portugal goalkeeper Diogo Costa (1) tries to stop him during the World Cup round of 16 match between Portugal and Spain. (AP Photo) A moment of sheer tactical brillance in the dying moments of the match saw Spain break Portuguese hearts and book their place in the…
NEW DELHI: India is in the final stages of preparing Semicon 2.0, the next phase of its semiconductor mission, with govt set to broaden incentives beyond chip fabrication to support the country’s wider semiconductor ecosystem.Speaking during an online session hosted by the India Semiconductor Mission (ISM) on Monday, ISM CEO Amitesh Kumar Sinha said the…
Equities advanced on Monday, led by heavyweight HDFC Bank on a strong quarterly business update, while lower crude oil prices also aided sentiment.The Nifty rose 0.7% to 24,430, while sensex too climbed 0.7% to 78,285. They rose 2.4% each in four sessions, closing at a 10-week high.A narrowing rainfall deficit, drop in oil prices amid…
Spain’s defense has set a World Cup milestone by recording six consecutive clean sheets, with goalkeeper Unai Simon boasting a remarkable scoreless streak of 609 minutes. (AP Photo) A top-class defensive wall and a record-breaking goalkeeper have propelled Spain into the history books of World Cup. By blanking arch-rivals Portugal 1-0 in a high-stakes clash…
United States’ Folarin Balogun warms up ahead of the World Cup round of 16 match between the United States and Belgium.(AP Photo) Star forward Folarin Balogun has been named in the United States’ starting lineup for Tuesday’s high-voltage World Cup Round of 16 clash against Belgium, taking the pitch just hours after FIFA rejected an…
Mumbai: Bank lending to industry in the first two months of FY27 was led by the power sector, followed by chemicals, and vehicles, even as exposure to telecommunications declined, reflecting a shift in sectoral credit allocation by lenders.According to data for the period between end-March 2026 and end-May 2026, gross bank credit to industry rose…