The Czech government on Wednesday approved a plan by the defence ministry to acquire 44 Leopard 2A8 battle tanks from Germany in a deal worth more than 34 billion koruna ($1.6 billion). The acquisition is part of Prague’s sweeping military modernisation programme amid Russia’s war against Ukraine.Defence Minister Jana Černochová said the tanks would be […]
Gold rate today: Delhi prices cross Rs 1.07 lakh per 10 g; global safe-haven rush continues, silver stays flat
Gold rate today: Gold prices shot up by Rs 1,000 to hit a fresh all-time high of Rs 1,07,070 per 10 grams in Delhi on Wednesday, fuelled by mounting expectations of a US Federal Reserve rate cut, geopolitical tensions, and concerns over the US economy. The yellow metal of 99.9 per cent purity had closed […]
‘Much more needs to be done’: COP30 finance goal far behind with just 4-5% achieved; experts urge urgent action by 2030
The global funding target set for COP30 is far behind schedule, with only 4-5 per cent of the promised $1.3 trillion achieved so far, claimed Vishwas Chitale, Fellow, Climate Resilience at the Council on Energy, Environment and Water (CEEW).In an exclusive interview to news agency ANI, Chitale stressed that the $1.3 trillion target is crucial […]
India-China business thaw: Firms accelerate JV talks after PM Modi-Xi Jinping meet; positive sentiment lifts industry
Indian and Chinese companies are moving quickly to firm up joint ventures and partnerships in electronics and automobiles after the recent meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping.Both leaders have pledged to improve ties, a signal that has boosted business sentiment amid US tariff pressures.According to industry executives cited by ET, […]
Gold price prediction today: Gold, silver rates hit life-time highs, where are prices headed in near-term? Check outlook
Broader bullish trend can take gold prices to witness new highs in coming weeks. (AI image) Gold price prediction today: Gold is expected to trade in a sideways range with a bullish bias, while silver is likely to continue its bull run, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock […]
Stock market today: Nifty50 near 24,600; BSE Sensex moves above 80,200
The upcoming GST Council meeting could influence market sentiment. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was near 24,600, BSE Sensex was up over 50 points. At 9:16 AM, Nifty50 was trading at 24,592.05, up 12 points or 0.051%. BSE Sensex […]
AI firm Anthropic valued at $183bn after $13bn raise
Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised – a larger-than-expected haul that makes the AI company one of the most valuable startups in the world. The financing, one of the largest to date for an […]
Swedish firm Klarna targets $1.27 bn in New York listing; eyes $14 bn valuation, big investors line up to exit
Sweden’s “buy now, pay later” financial services firm Klarna said on Tuesday it aims to raise $1.27 billion through an initial public offering in New York, setting a price band of $35 to $37 a share, after an earlier plan was delayed due to market volatility.Klarna had first announced plans for an IPO in November […]
JLR cyberattack: Tata Motors unit says operations severely hit; no customer data stolen
Jaguar Land Rover, the Tata Motors-owned luxury automaker, said on Tuesday its global retail and production operations have been “severely disrupted” following a cyberattack, forcing the company to shut down systems as a precaution.The UK-based company said it took immediate steps to shut down its systems in a bid to limit the fallout, AFP reported. […]
Rupee near record lows: Will exporters gain competitiveness or lose on rising import costs? All you need to know
The Indian rupee traded near record lows against the US dollar on Tuesday, slipping to 88.15 after closing at an all-time low of 88.18 a day earlier. The depreciation has provided exporters with better price competitiveness but raised concerns for import-heavy sectors.Exporters said the fall in the rupee presents a mixed picture. “On one hand, […]