NEW DELHI: India’s commercial vehicle industry needs a stronger and well-designed vehicle scrappage policy to accelerate the replacement of old trucks, cut pollution and lower logistics costs, Ashok Leyland MD and CEO Shenu Agarwal said, as the sector sees a sharp demand rebound after GST 2.0.According to Siam, commercial vehicle sales touched a record 10.3…
BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
NEW DELHI: Textile minister Giriraj Singh Friday indicated that India and EU will announce a trade deal in the next four days and urged industry to diversify so that garment exports grow. Drawing comfort from trade numbers, he said: “Many believed that Indian exports will fall due to the tariff war. Industry was worried… Despite…
MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
The rupee slid to an all-time low of 92 per US dollar on Friday before recovering marginally to settle at 91.88 (provisional), pressured by sustained selling from foreign funds, weak domestic equity markets and a risk-off mood in global markets, PTI reported.At the interbank foreign exchange, the domestic unit opened at 91.45 against the greenback…
As EU-India ties enter a watershed moment on the back of a free trade agreement (FTA) that’s still being negotiated, European Commission President Ursula von der Leyen told TOI’s Sachin Parashar in an exclusive interview that while the last mile is always the hardest, it will be more than worth it. The conclusion of the…
Hyderabad & Mumbai: Silver’s unprecedented surge continued Friday. In late trades on the New York Commodity Exchange (Comex) the price of the white metal crossed the psychologically important $100-per-ounce (Oz) mark for the first time in history. Gold, which has gained at a much slower pace than silver in recent months, neared the $5,000/Oz mark.In…
Australia’s national carrier Qantas has launched a limited-period economy-class fare sale for Indian travellers planning trips to New Zealand later this year, as airlines seek to capitalise on rising outbound leisure travel from India, the airline said.The ‘New Year, New Zealand’ sale is open for bookings from January 22 to January 31, 2026, and covers…
Taj Mahal, Agra (File photo) MUMBAI: As the Union Budget 2026 approaches, stakeholders across India’s travel, tourism and hospitality sectors are seeking policy continuity, improved financing frameworks and measures to stimulate consumer spending. While domestic travel demand has remained resilient, foreign tourist arrivals are still below earlier peak levels, prompting industry leaders to look to…
Shares of Adani group companies fell sharply on Friday, with some stocks plunging as much as 13%, after reports said the US Securities and Exchange Commission (SEC) has approached a New York court seeking permission to serve summons to group chairman Gautam Adani and executive Sagar Adani in connection with an alleged fraud and $265-million…