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HYDERABAD: Silver extended its rally on Monday, crossing the Rs 3 lakh-per-kg mark for the first time on the MCX. The March contract hit an all-time high of nearly Rs 3.1 lakh, continuing a surge that began in 2025 and has carried into 2026.In Delhi, spot silver prices were quoting at Rs 3,04,500 as against…
NEW DELHI: The IMF on Monday raised India’s GDP growth estimates for 2025-26 to 7.3% from the earlier projection of 6.6% due to strong third and fourth quarter expansion. The latest estimate is slightly below the 7.4% growth projected by the country’s statistics office for the current fiscal year that ends in March and matches…
NEW DELHI: Tyre maker Ceat said its main focus is to grow its overseas business, with Europe emerging as a key market despite rising geopolitical tensions and renewed global tariff concerns. Ceat MD and CEO Arnab Banerjee said its international business gives better profit margins than tyres sold to consumers as replacements or to car…
BENGALURU: Logistics firm Shadowfax Technologies has raised Rs 856 crore from anchor investors, a day before its IPO opens for public subscription, according to a stock exchange filing. The company allotted 6.9 crore equity shares to 39 anchor investors at Rs 124 each, the upper end of the IPO price band.Domestic mutual funds accounted for…
BENGALURU: Ola Electric on Monday announced the appointment of Deepak Rastogi as its chief financial officer, effective Tuesday, after incumbent CFO Harish Abichandani stepped down citing personal reasons, according to stock exchange filings. The company’s stock fell 4% on Monday. TNN Source link
CHENNAI: Ikea plans to invest another Rs 10,500 crore in India over the next five years to expand its retail operations. The Swedish furniture retailer may add 20-30 stores by 2030, rapidly expanding its footprint in the country, while aiming to attain profitability by the end of 2028, Ikea India CEO Patrik Antoni told TOI.“We…
CHENNAI: AssetPlus, a wealth tech startup with AUM of Rs 7.3k cr, has raised Rs 175 crores in a funding round led by Nexus Venture Partners. The distributor-led wealth management platform focusing on mutual funds, plans to use the fresh capital to deepen technology stack, and expand product offerings. Source link
NEW DELHI: The India-EU summit next week will see both sides announcing in an agreement that negotiations for the free trade agreement (FTA) have been successfully concluded, even though the actual signing will take place later. According to diplomatic sources, apart from the FTA, signing of a security and defence partnership to facilitate defence industrial…
The Securities and Exchange Board of India on Monday floated a proposal to introduce a regulatory framework for ‘Significant Indices’, a move aimed at strengthening governance standards and improving transparency among index providers in the securities market, PTI reported.In a consultation paper, Sebi defined ‘Significant Indices’ as those administered by an index provider and used…
Embracing artificial intelligence is no longer optional but a matter of survival for individuals, companies and governments, and India appears to be moving in the right direction, said Jack Hidary, CEO of SandboxAQ, at the World Economic Forum (WEF) Annual Meeting.“It’s time to embrace AI or die,” Hidary told PTI, outlining his central thesis that…
