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Keir Starmer and Narendra Modi (AP image) NEW DELHI: Prime Minister Narendra Modi met his British counterpart Keir Starmer on Thursday on the sidelines of Starmer’s first official visit to India. The discussions focused on strengthening cooperation in critical minerals, a key area for the global energy transition and emerging technologies.Following the talks, PM Modi…
MUMBAI: FMCG companies have flagged slowdown in sales and impact on profitability in the Sept quarter as markets prepared for the new GST regime, leading to temporary disruptions in supply chain.Distributors and retailers stopped taking new orders to avoid stocking up shelves with products carrying old price tags while consumers deferred purchases to avail the…
File photo: Britain’s secretary of state for trade, Peter Kyle (Picture credit: AP) MUMBAI: Jaguar Land Rover, which faced a cyberattack in August that disrupted its production globally, is on course for a recovery. The company announced a phased resumption of operations starting Wednesday. The rebound comes after the UK government extended a 1.5-billion-pound loan…
The Rs 15,512-crore IPO for Tata Capital closed on Wednesday with the issue subscribed nearly two times the ex-anchor offer size. Against 33.3 crore shares on offer at a Rs 310-326-per share, the demand for the company’s shares at the close of the bidding process was for 65.1 crore shares, translating to a total book…
China has sought assurances from India that heavy rare earth magnets they supply will be utilised exclusively for domestic requirements. (AI image) China will export rare earth magnets to India only if it assures that they will be used for domestic needs and will not find their way to the US. Indian companies have already…
NEW DELHI: LG Electronics India Ltd’s IPO received 3.3 times subscription on the second day of bidding on Wednesday. The IPO got bids for 23,70,85,836 shares against 7,13,34,320 shares on offer, according to NSE data. The quota for non-institutional investors received 7.6 times subscription. The category for qualified institutional buyers (QIBs) got subscribed 2.6 times,…
New Delhi: Sembcorp Industries is acquiring ReNew Sun Bright, a venture of ReNew Power that operates a 300 MW solar power project, for about $189 million (Singapore $246 million). Sembcorp will fund the acquisition through a combination of internal cash resources and external borrowings. The deal is expected to be completed in the first half…
Karva Chauth, which falls just days before Diwali, will be celebrated on October 10 this year. Many are wondering if banks will observe a holiday on this day.With a host of festivals in October, it is advisable to check the bank holiday schedule in advance to plan any banking activities smoothly. The RBI’s pre-released holiday…
Bengaluru: Anthropic, the AI firm behind the coding assistant Claude, said it will open an office in Bengaluru early next year, expanding its global footprint as international demand for its models continues to rise. The Bengaluru centre will be its second office in Asia-Pacific after Tokyo, which opens later this year. The announcement comes close…
New Delhi: Reliance Jio Infocomm chairman Akash Ambani and Airtel chief Sunil Mittal lauded govt’s efforts on boosting telecom and next-gen technologies, including deep tech and startups, and said the India Mobile Congress (IMC) brings out India’s movement towards becoming a global innovation hub.“Today we saw the whole value chain… from semiconductors, to fraud management,…
