Latest News, Updates & Breaking Headlines
Jefferies has a buy rating on Adani Enterprises with the target price at Rs 3,000. Analysts said Navi Mumbai International Airport (NMIA)’s inauguration marks a strategic expansion in India’s aviation infrastructure, easing congestion for Mumbai Metropolitan Region (MMR). Phase-1 adds 2 crore passenger capacity (total: 9 crore), and bridges gaps to underserved regions. The company’s…
The United States on Thursday imposed a new round of sanctions accusing individuals and entities of helping Iran export oil and liquefied petroleum gas (LPG). A release by the US department of the treasury’s office of foreign assets control (OFAC) announced sanctions on over 50 individuals, companies and vessels for their alleged roles.According to an…
Nigel Toon, cofounder and CEO of Graphcore MUMBAI: British semiconductor company Graphcore, a subsidiary of SoftBank Group, is launching a new AI engineering campus in Bengaluru and planning to create 500 semiconductor jobs with up to $1.3 billion (1 billion pounds) invested over the next decade. The engineering centre will be a core part of…
NEW DELHI: The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers. The Rs 11,607-crore IPO received bids for 3,85,33,26,672 shares against 7,13,34,320 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs)…
(Image credits: X @RevolutApp) MUMBAI: British fintech Revolut will invest $670 million (500 million pounds) in India over five years, the company said. The investment will help the firm to build its business in the region and aid growth of its global capability centre (GCC) in the country. “Revolut recently committed 10 billion punds in…
MUMBAI: Prime Minister Narendra Modi said that India has made democratic spirit a pillar of governance and extended it to technology, making the country one of the most digitally inclusive societies.Addressing the Global Fintech Fest here on Thursday jointly with UK PM Keir Starmer, PM Modi said that the India stack has become a beacon…
MUMBAI: A decade after its launch in India, Swedish fast fashion giant H&M has forayed into the booming local beauty market, widening its play in the country beyond mainstay fashion and home. Popular with Gen Z and millennials for its fashion-forward clothing that comes with a brand tag and is yet affordable, H&M will tap…
New Delhi: Road transport and highways minister Nitin Gadkari on Thursday said India’s logistics cost will fall to single digits to around 9% before December 2025, which will increase profit margins for industries and businesses and make Indian products competitive in the international market.Speaking at an event of the business chamber – PHDCCI, Gadkari cited…
NEW DELHI: The road transport and railway ministries have achieved a record capital expenditure utilisation of 63% and 56.5%, respectively, during the first half of the current financial year. The combined capex of the two ministries by Sept end was over Rs 3.1 lakh crore, as against the budgetary allocation of Rs 5.2 lakh crore…
Canara HSBC Life Insurance Company Ltd NEW DELHI: Canara HSBC Life Insurance Company Ltd on Thursday said it has raised a little over Rs 750 crore from anchor investors, just a day before its initial share-sale opening for public subscription.The anchor book received participation from institutional investors including ICICI Prudential Mutual Fund (MF), HDFC MF,…
