File photo: Laurent Freixe Swiss food giant Nestlé has dismissed its chief executive Laurent Freixe with immediate effect after an internal investigation found he had an “undisclosed romantic relationship with a direct subordinate,” in violation of the company’s code of business conduct. The move was confirmed by the group on Monday, with chairman Paul Bulcke […]
Semicon India 2025: PM Modi receives first made-in-India chip; industry leaders hail nation’s role in global ecosystem
PM Modi receives first made-in-India chip Prime Minister Narendra Modi on Tuesday received the country’s first made-in-India semiconductor chip at the inauguration of Semicon India 2025 in New Delhi. Union IT minister Ashwini Vaishnaw presented the Vikram 32-bit processor, developed by Isro’s Semiconductor Lab, along with test chips from four approved projects. PM Modi Will […]
Semiconductor push: India hosts 20% of world’s chip design engineers; consumption set to cross $120 billion by 2030
India accounts for around 20 per cent of the world’s chip design engineers, placing it as a key player in the global semiconductor design ecosystem, according to a report by Bastion Research.According to news agency ANI, the report underlined India’s strong position in the global semiconductor chain, noting, “India is already an important piece in […]
Gold price prediction today: Gold rates hit new highs – where are they headed in near-term? Here’s the outlook
Gold price prediction: Buying the dips is the preferred strategy. A test of all-time high at $3500 (Rs 105,500) looks highly likely. (AI image) Gold price prediction today: Gold rates have been hitting life-time highs and analysts are of the view that hopes of Federal Reserve rate cuts are driving the rally. Praveen Singh, Senior […]
Market watch: Asian stocks rebound as tech fuels gains; oil climbs as Ukraine targets Russian refineries
Representative image (Picture credit: AP) Asian stocks opened with modest gains on Tuesday, supported by a rebound in technology and artificial intelligence shares, while oil prices advanced amid growing concerns over supply disruptions linked to the Russia-Ukraine conflict.In equity markets, shares in Japan and South Korea recovered after Monday’s losses, though Australian stocks slipped. US […]
Top stocks to buy today: Stock market recommendations for September 2, 2025 – check list
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Coforge, and BlueStar are the top stocks to buy today:Coforge – Buy in the range between Rs 1760 & Rs 1770; Stop Loss: Rs 1710; Target: Rs 1880Coforge has broken out of […]
Growth sustained by domestic resources, says ex-RBI deputy governor Michael Patra
MUMBAI: India’s rapid economic growth is sustained by domestic resources rather than foreign capital, former RBI deputy governor Michael Patra said amid external challenges, including tariffs imposed by US President Donald Trump.“India self-finances its growth and doesn’t depend on foreign capital for its investment,” Patra said at an event here on Monday. “This is a […]
FDI trends: India’s outward FDI outpaces world average over 5 years; Bank of Baroda report shows record flows
India’s outward foreign direct investment (FDI) flows have grown at a sharp pace over the past five years, with a compound annual growth rate (CAGR) of 12.6%, much higher than the global average of 3.9%, according to a Bank of Baroda report.The report, authored by economist Dipanwita Mazumdar, noted that India’s outward FDI touched a […]
Currency watch: Rupee hits all-time low of 88.10 against US dollar, trade worries and fund outflows weigh
The rupee closed at a fresh all-time low of 88.10 against the US dollar on Monday, slipping by just 1 paisa amid concerns over Indo-US trade tariffs and strong dollar demand from importers.Currency traders said the domestic unit opened weaker at 88.18 at the interbank foreign exchange market and fell further to touch an intra-day […]
Economy path: GDP growth can cross 8% if India Inc ramps up investments, says former RBI deputy governor Michael Patra
Former Reserve Bank deputy governor Michael Patra on Monday said corporate India is a “missing actor” in the country’s growth story, stressing that the economy can accelerate beyond 8% if businesses step up investments.“Now we are seeking to head back [to 8%]. The most important missing actor in this is corporate India, which is not […]