News that keep you updated
MUMBAI: RBI’s forex reserves rose $392 million in the week ended Jan 9, lifted by a $1.6 billion jump in gold value that offset a $1.1 billion fall in foreign currency assets. Total reserves climbed to $687.2 billion, reversing part of the previous week’s $9.8 billion decline, RBI data released Friday showed.Foreign currency assets, the…
Mohan Lal Mittal with PM Modi MUMBAI: Mohan Lal Mittal, father of ArcelorMittal chairman Lakshmi Mittal and founder of the Mittal family’s steel empire, died Thursday evening in London. He was 99, just a few months short of his 100th birthday. Lakshmi Mittal said, “My father was an extraordinary man, whose strong religious belief and…
AMARAVATI: A $10-billion green hydrogen and green ammonia project at the port city of Kakinada in Andhra Pradesh is set to reach a key construction milestone with its first major equipment erection ceremony, underscoring India’s push to emerge as a supplier of green energy to global markets including Germany, Japan and Singapore. The first major…
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
BENGALURU: With just 17 net hires in the first nine months of the 2025-26 financial year, India’s top five IT companies eased off the hiring throttle and moved firmly into caution mode. The muted performance marked a sharp contrast to the 17,764 net additions recorded during the same period last year, highlighting how the hiring…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…
Piyush Goyal (File photo) Piyush Goyal (File photo) Piyush Goyal (File photo) NEW DELHI: Commerce and industry minister Piyush Goyal on Friday said the free trade agreement between India and EU, where negotiations are in the final phase, will be the “mother of all deals” signed by the country so far.“I have done seven deals…
PM Modi and Union minister Piyush Goyal attend an event to mark the 10th anniversary of Startup India initiative in New Delhi on Friday NEW DELHI: A decade after launching the Startup India Mission, PM Narendra Modi on Friday urged Indian startups to focus on manufacturing and technology over the next decade and aim for…
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
