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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…
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
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: LTIMindtree reported revenue of $1.2 billion for the Dec quarter, up 2.4% sequentially and 6.1% year-on-year. In constant currency terms, the company posted a 2.4% QoQ growth and a 5.2% increase YoY. The company’s operating margin rose to 16.1% in the Dec quarter, up from 15.9% in the Sept quarter and 13.8% in the…
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
The US has cautioned European countries against retaliatory tariffs linked to President Donald Trump’s threatened levies over Greenland, with Treasury Secretary Scott Bessent describing such a response as ill-advised.Speaking to reporters on the opening day of the World Economic Forum in Davos, Bessent said any retaliatory move by Europe would be “very unwise”, according to…
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…
Silver prices surged to an all-time high in the national capital on Monday, crossing the psychologically significant Rs 3 lakh-per-kg mark, while gold also scaled a new record, as heightened geopolitical tensions and tariff-related uncertainty fuelled strong safe-haven demand, PTI reported.According to market participants, silver jumped by Rs 10,000 in a single session to trade…
