Crude prices continue to jump as Middle East tensions intensify Oil prices inched higher on Tuesday after renewed tensions between the US and Iran brought the risk of supply disruptions in the Middle East back to the forefront.Brent crude rose 55 cents, or 0.61%, to $91.04 while WTI crude was up 79 cents, or 0.92%,…
Promoter to sell 22.1% stake for Rs 1,300 crore; combined entity to be 11th largest IT player BENGALURU: ITC Infotech is acquiring Ashok Soota’s Happiest Minds Technologies, creating a combined business that will be India’s 11th largest IT services player. Together, they will have revenue of Rs 7,033 crore and an employee strength of 19,000,…
Private economists raise FY27 GDP growth projections to 7-7.3% after strong Q1 data, marking fourth straight year above 7%. NEW DELHI: Within hours of govt estimating strong growth during April-June quarter, private sector economists started raising projections for the full year, reflecting the sustained strong growth momentum in the economy.According to estimates from various economists,…
ONGC to invest Rs 1 lakh crore in deepwater exploration over next 5 years, reports 3 new discoveries NEW DELHI: ONGC chairman and CEO Arun Kumar Singh on Monday said the exploration and production company will invest Rs 1 lakh crore in deepwater and ultra-deepwater exploration in offshore basins.Talking to reporters after AGM, Singh said…
Maruti plans small EV push, targets wider charging infrastructure NEW DELHI: Maruti Suzuki is preparing to take electric vehicles into smaller car segments, but will wait for a wider charging network before expanding beyond its first EV, the e Vitara.The company’s MD and CEO Hisashi Takeuchi said at its annual general meeting that smaller electric…
Record 7.5cr ITRs submitted before deadline NEW DELHI: A record 7.5 crore income tax returns have been filed for Assessment Year 2026-27 so far, and the number was expected to rise further as the filing deadline was to end at midnight Monday for taxpayers with business or professional income who are not subject to audit….
Semicon 2.0: Government bets on advanced chips, talent NEW DELHI: India plans to train one lakh semiconductor design engineers over five years under Semicon 2.0, as govt looks to build a deeper talent pool alongside its push into advanced chip technologies and manufacturing. The skilling push builds on the first phase of the programme, under…
India’s economy grows 7.8% in Q1, driven by manufacturing, services and robust domestic demand, moderating from 8.6% in previous quarter. NEW DELHI: The Indian economy grew 7.8% during April-June quarter (Q1) of the current financial year as strong growth sustained in the manufacturing and services sector along with robust domestic demand, offsetting the anticipated adverse…
The jewellery remained in the custody of the bank branch but was subsequently robbed, according to the bank’s submission. (Image for representative purpose only) Imagine this case: You have taken a loan against your gold. That gold is lying with the bank. Then in a bank robbery the gold is stolen. Who is responsible for…
NSE’s closing auction sees Rs 39,718 crore rush on first index rebalancing day The newly introduced closing auction mechanism saw its biggest test yet on Monday, with the National Stock Exchange of India Ltd (NSE) recording Rs 39,718 crore in turnover during the session as investors adjusted portfolios for the latest index changes.The turnover was…
