Business

New Delhi: Swiss drug firm Novartis will sell its entire stake of nearly 71% in its listed Indian subsidiary for about Rs 1,446 crore to a clutch of private equity investors, led by ChrysCapital. The exit comes two years after the parent began a strategic review of its Indian subsidiary, including assessing its stake in…

Qualcomm and Tata Electronics partner to manufacture automotive modules in India New Delhi: Tata Electronics has joined Qualcomm Technologies’ global network of module manufacturing partners to produce advanced automotive module products in India, securing a key anchor customer for its upcoming $3 billion semiconductor assembly and test (OSAT) facility in Jagiroad in Assam. Through its…

PM Modi meets Chairman & CEO of Kyndryl, Martin Schroeter New Delhi: Artificial intelligence is no longer experimental, said Martin Schroeter, CEO of Kyndryl, one of the world’s largest IT infrastructure services providers. It is, he said, already reshaping how govts and enterprises operate, including in India. “It is the discussion that every customer wants…

US ambassador to India Sergio Gor speaks during the signing ceremony of the Pax Silica Declaration between India and the US on sidelines of Global AI Impact Summit 2026, in New Delhi on Friday. (ANI Video Grab) NEW DELHI: US ambassador to India Sergio Gor doubled down on US claims that India has committed to…

Crude imports from Saudi hit highest level New Delhi: Crude oil imports from Saudi Arabia have hit their highest levels since Nov 2019, clocking nearly 1-1.1 million barrels per day (bpd) in Feb, and overtaking Russia temporarily to emerge as the biggest supplier to India.According to data shared by Kpler, a global data and analytics…

NEW DELHI: IndiGo has finally started acting against officials who were seen to be responsible for last Dec flight fiasco. The airline on Friday appointed Captain Rohit Rikhye as the head of its operations control centre (OCC), removing Jason Herter from the position. The Directorate General of Civil Aviation (DGCA) had in its report on…

India found itself directly referenced in a landmark US Supreme Court judgment limiting presidential tariff authority, after justices examined how tariffs imposed under emergency powers were used as tools of foreign policy– including pressure linked to Russian oil imports.The ruling in Learning Resources, Inc. v. Trump held that the International Emergency Economic Powers Act (IEEPA)…

“I can do anything I want,” Donald Trump declared in his address as his first reaction to the Supreme Court’s landmark ruling on Friday, a major setback to his second stint in the presidency.“There are methods that are even stronger available to me,” he said in his White House address.Trump also said he was “absolutely…

The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are exploiting delays and heightened expectations around tax refunds through fake emails, phone calls and SMS messages.In a message posted on X, the department urged taxpayers not to share one-time passwords (OTPs), bank details or personal information in…

MUMBAI: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the broader APAC region. The capital will be deployed across three funds–India seed, India…