Representational image, used only for representational purpose India’s high-speed rail ambitions received a new push as the Centre has approved seven bullet train corridors across the country, promising shorter travel times between major cities and stronger rail connectivity. The seven high speed rail corridors are: Mumbai to Ahmedabad will take 1 hour 57 minutes. Mumbai…
China’s domestic economy continues to face significant headwinds despite robust export growth, with consumer spending, property activity and credit demand remaining weak, according to a recent market strategy report by Jefferies.The report said there is “a continuing lack of any evidence of a pickup in domestic demand”, underscoring persistent challenges in the world’s second-largest economy…
As energy supply disruptions spread during the Middle East crisis, India diversified its LPG imports by tapping suppliers across the globe.As uncertainty gripped global energy markets after late February, the country significantly diversified its LPG sourcing, increasing imports from the United States, Iran and several other nations to reduce its dependence on the Gulf region….
20 million barrels leave Iran port after peace breakthrough After months of disruption, oil exports from Iran finally picked up after Tehran and Washington reached a peace deal. According to shipping data cited by Bloomberg a wave of 11 tankers carrying 20 million barrels of crude left the Gulf of Oman port. The vessels had…
Sebi allows easier transfer of shares of dead investors MUMBAI: The board of Sebi on Friday decided to make it easier for transfer of securities that are in the name of deceased investors to the legal heirs and claimants by simplifying and standardising the process. It also created a new category of claimants where the…
Accenture outlook cut sparks fresh fears over IT recovery BENGALURU: Accenture’s decision to lower its FY26 revenue growth guidance has intensified concerns over the pace of recovery in the global technology spending environment. Brokerages warn that Indian IT services companies could face a prolonged period of weak demand stretching into FY27.The Dublin-based IT services giant…
Reliance succession plan on track, enters final leg MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant –…
A sharp selloff in technology stocks weighed on sentiment. Fresh geopolitical concerns also added to the cautious mood in the market. (AI image) Stock market breaks winning streak: Indian equity benchmark equity indices, BSE Sensex and Nifty50, snapped their five-session winning streak on Friday, with the Sensex shedding 607 points and the Nifty settling at…
The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…
As Jio Platforms moves ahead with what could become India’s largest-ever IPO, the company has flagged a wide range of risks spanning spectrum renewals, cybersecurity threats, artificial intelligence regulations, data privacy rules and intensifying competition that could affect its future growth and profitability.The digital services arm of Reliance Industries, led by billionaire Mukesh Ambani, filed…
