NEW DELHI: The combined market cap of five of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities.Last week, BSE benchmark sensex declined 490 points, or 0.6%, and the NSE Nifty dipped 205 points, or 0.8%….
Rift between Tata Trusts chairman Noel Tata and Chandrasekaran. MUMBAI/NEW DELHI: The Tata brass briefed senior govt functionaries on the turmoil inside the conglomerate ahead of N Chandrasekaran‘s announcement last Wednesday that he would step down as Tata Sons chairman in Feb, people familiar with the matter said.The engagement covered the rift between Chandrasekaran and…
7 companies set to tap primary market next week The IPO market is heading into another packed week, with seven companies scheduled to come out with public issues between August 17 and 21, seeking to raise more than Rs 6,400 crore collectively.The line-up includes Horizon Industrial Parks, backed by Blackstone, jewellery retailer Lalithaa Jewellery Mart,…
India’s engineering services exports have grown nearly eight times in the last 10 years, rising from $1.77 billion in 2014-15 to $13.77 billion in 2024-25, according to a Niti Aayog report. The report, India’s Services Sector: Insights on Regulatory Regime in Professional Services, said engineering services exports grew at a compound annual growth rate (CAGR)…
Lenders have been allowed to impose gradual restrictions on the devices after 30 days of the payment being overdue. Purchased a smartphone, laptop or tablet via loan financing? What happens if you miss an EMI? Can the lender lock your phone or block access to the device? According to a study by Home Credit Finance,…
Petrol export levy cut to nil, diesel and ATF duties retained The government has scrapped the export levy on petrol for the next fortnight while continuing to charge duties on diesel and aviation turbine fuel (ATF), according to a ministry of finance notification issued on Friday.The revised rates will take effect from August 15, with…
PM Modi noted that semiconductor chips have become indispensable across sectors. Prime Minister Narendra Modi on Saturday said India has started production at three semiconductor manufacturing plants, adding that another seven to eight facilities are expected to become operational in the coming years.Speaking from the ramparts of the Red Fort during the 80th Independence Day…
PM Modi on Saturday led the country’s 80th Independence Day celebrations at the Red Fort. India has become the world’s fastest growing major economy in the world in the last twelve years, Prime Minister Narendra Modi said during his Independence Day speech on Saturday.He also said that India has achieved this milestone despite being ranked…
RBI introduced the special USD-INR forex swap facility on June 8, 2026 MUMBAI: RBI has decided to close the special FCNR(B) scheme a month early on Aug 31 after banks mopped up $52.3 billion in deposits by Aug 13. The central bank’s decision follows a strong response to the facility, which was designed to bring…
Claude recorded the sharpest growth among major GenAI apps during the June quarter NEW DELHI: India’s AI-app race is getting more competitive. While ChatGPT continues to dominate user engagement and spending, Gemini is gaining ground and Claude is emerging as a fast-growing challenger, according to data from market intelligence firm Sensor Tower.Claude recorded the sharpest…