Business

US-listed shares of Infosys shot up as much as 40% within minutes of the market opening on Friday, briefly adding tens of billions of dollars to the Indian IT major’s market value. The sudden surge pushed the American Depositary Receipts (ADRs) to a 52-week high of $30 and forced the New York Stock Exchange to…

The World Bank has approved $700 million in fresh financing for Pakistan to bolster macroeconomic stability and enhance public service delivery. This funding, part of a larger $1.35 billion program, will support federal initiatives and a provincial project in Sindh, signaling continued multilateral support despite governance concerns. The World Bank has approved $700 million in…

NEW DELHI: The Government of India is seeking suggestions for the upcoming Budget 2026 from the general public to help make new rules and plans for the country. According to a post on X by MyGovIndia, the government encouraged people to participate in this important task. The government stated on X, “Building the Budget with…

India’s telecom sector ended 2025 on a strong footing, with the department of telecommunications (DoT) recording major gains in digital connectivity, infrastructure expansion and technology self-reliance, according to a year-end review released by the ministry of communications.A key development during the year was the launch of the National Broadband Mission (NBM) 2.0 in January. The…

After years of predictions that global oil demand was about to reach its peak due to a rapid move towards renewable energy, 2025 saw a clear reversal of that narrative, with oil and gas regaining importance and India emerging as a key engine of global consumption.Major energy outlooks from BP, McKinsey and the International Energy…

MUMBAI: The central board of Reserve Bank of India has approved a proposal to move to a risk-based pricing system for deposit insurance, marking a shift from the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.Announcing the banking reform measures alongside the monetary policy decision in Oct,…

File photo: Elon Musk (Picture credit: ANI) Elon Musk secured a major legal victory on Friday after the Delaware Supreme Court cleared the way for him to receive a long-disputed Tesla pay package worth about $55–56 billion, reversing an earlier ruling that had stripped him of the compensation. The decision likely marks the end of…

MUMBAI: The rupee staged its strongest single-day rise since May 2025 on Friday, closing at 89.27 per dollar, up 97 paise from Thursday’s 90.24. It briefly moved above the 90-per-dollar mark late in the session. The gain capped a third straight advance after a run of record lows earlier in the month.The rupee saw sharp…

Guwahati airport gets new terminal! Prime Minister Narendra Modi is set to inaugurate the new terminal building of Lokapriya Gopinath Bardoloi International Airport in Guwahati today. On Friday, he shared striking images of the facility ahead of the event. Calling it a major boost to Assam’s infrastructure, the Prime Minister said the upgraded airport will…

NEW DELHI: Corporation tax collections overtook the non-corporate tax mop-up, which went up 1.3%, pulling down the gross direct tax collections growth to 4.2% till mid-Dec with the overall kitty swelling past the Rs 20 lakh crore mark.Latest data released by the income tax department pegged corporation tax collections up to Dec 17 at Rs…