The Reserve Bank of India (RBI) board is set to meet on May 22 to consider a potentially record surplus transfer to the government for FY27, with economists estimating the payout in the range of Rs 2.7 lakh crore to Rs 3 lakh crore, ET reported citing people familiar with the matter.The expected surplus transfer,…
Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, with the planned spending largely aimed at expanding manufacturing capacity across its foods business, PTI reported.The investment will primarily support facilities in Madhya Pradesh, Assam and Tamil Nadu as the company looks to strengthen its footprint in one of…
Separately, the group reached a settlement with the US Treasury Department over civil allegations linked to sanctions violations. Adani group stocks today: After the US Department of Justice withdrew all criminal allegations against billionaire Gautam Adani and his nephew Sagar Adani, shares of Adani group rallied on Tuesday. Stocks of several Adani Group firms, including…
The government on Tuesday dismissed rumours suggesting that it is planning to monetise gold held by temples and religious institutions across the country. The clarification came after several social media posts and media reports claimed that the Centre was preparing to issue gold bonds to temples in exchange for their gold reserves. Responding to the…
‘Bar on board meets applies only to SRTT’ Reprieve For Tata Trusts: Maharashtra Charity Commissioner Clarifies Order Issued Last WeekThe Maharashtra charity commissioner on Monday clarified that its order freezing board meetings applies only to Sir Ratan Tata Trust and not to other Tata trusts, providing significant relief to the Noel Tata-headed philanthropic group.The clarification…
Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.Brent crude for July delivery dropped by $3.01, or 2.7%, to $109.09 per barrel at 0001 GMT. US West Texas Intermediate crude for June delivery also…
Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows…
New Delhi: India has become one of the fastest-growing markets for AI-generated visuals, with users creating more than one billion images using ChatGPT Images 2.0 within weeks of its rollout, according to OpenAI chief executive Sam Altman.Sharing the update on X, Altman said it was “awesome to see” the scale at which Indian users were…
BENGALURU: Cognizant has said its board approved a $2 billion increase to its existing share repurchase programme and raised its 2026 share buyback target to $2 billion, up from the earlier target of $1 billion. The additional $1 billion in buybacks is expected to be completed during the Sept quarter of 2026.The announcement pushed Cognizant’s…
Bhubaneswar: SEBI chairman Tuhin Kanta Pandey on Monday said volatility triggered by the ongoing West Asia crisis remains within manageable limits for Indian markets, which he described as “resilient”.“The sooner the crisis is resolved, the better for the rest of the world. However, I can say that Indian markets have remained quite resilient. Volatility has…