News that keep you updated
Mukesh Ambani (right) and Larry Fink MUMBAI: Reliance Industries chairman Mukesh Ambani on Wednesday said that India will be self-sufficient in the energy sector with reasonable investments in the next 20-30 years. “In the next decade, India will not import 80% of its energy,” he said.“We have a path and God- willing, like with technological…
Chip Kaye, Chief Executive Founder, Warburg MUMBAI: Warburg Pincus’s global chairman Chip Kaye said India is one of the ‘best constructive ecosystems’ that the PE giant has built over the last 30 years that the US-headquartered private equity major has been in the country.In this period, Warburg Pincus had made 80 investments in India. In…
Nvidia CEO Jensen Huang (File photo) NEW DELHI: Days after the moves announced in the Budget, Nvidia CEO Jensen Huang has said that data centres will help replicate success of the internet to create jobs in the country.“We have a giant investment in India and we have a lot of partnerships in India. I prefer…
Sriharsha Majety, group CEO, Swiggy Swiggy MD & group CEO Sriharsha Majety has said that budget’s announcement to introduce City Economic Regions, will accelerate urbanisation and formalisation beyond the metros, while expansion of organised economic activity into Tier-II and Tier-III centres will be a key driver of incremental GDP creation over medium term.“Targeted investments in…
MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…
MUMBAI: India’s coffeehouse chains are staring at a troubling brew. A higher customs duty on roasting, brewing and vending machines which is already in place now, will raise costs for companies, hitting their margins.Factor in the rupee depreciation and a wobbly coffee inflation and you have a perfect mix for stirring up a storm in…
MUMBAI: The rupee slipped 17 paise to close at 90.44 against the dollar on Wednesday, retreating after a sharp 124-paise surge in the previous session that followed news of a trade deal being finalised between India and US.Dealers said the rally lost momentum as the market failed to see follow-through demand, particularly from foreign institutional…
MUMBAI: Marico has snapped up a 60% majority stake in D2C wellness brand Cosmix for Rs 226 crore, ramping up acquisitions of new-age startups as consumers seek better choices and varied options catering to specific needs, increasingly shunning run-of-the-mill products.Cosmix sells a range of plant-based protein powders and functional superfood blends. The development comes days…
NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other…
US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026…
