Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about $36.5 […]
Gold rate today: Gold prices rise over Rs 600 to Rs 1,00,170; why investors are flocking to the safe haven asset
Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold of […]
IT firms look beyond US: Indian tech giants expand to Australia, Middle East, Nordic nations; here’s why
Top IT service firms in the country are diversifying beyond the core US market, opening new centres and making acquisitions in Australia, the Middle East, the Nordics and India.With technology spending on the rise in these geographies, software service providers are setting up nearshore centres to meet local demand and cushion themselves from US market […]
ADB to the rescue? Pakistan eyes $2 billion railway upgrade; China’s decade-long rail promise falters
The Asian Development Bank is set to finance improvements to Pakistan’s railway infrastructure, taking over from China following extended delays in securing Chinese funding that risked affecting a crucial mining venture, according to sources quoted by Reuters.The initial plan for renovating 1,800 km of railways was a key component of China’s $60 billion investment initiative […]
HDFC Bank share price: Did the stock really fall 62% today? Here’s what happened
HDFC Bank, India’s largest private sector lender by market value, experienced a technical price adjustment on Tuesday as its shares commenced trading ex-bonus on the NSE and BSE, following the implementation of its 1:1 bonus share distribution.The bank’s decision to issue one additional equity share for every existing share was intended to enhance trading liquidity […]
Trump’s 50% tariffs: Indian refiners may trim Russian crude purchases; but India signals no plans to stop Russia oil trade
Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional tariff […]
Suzuki to scale up India operations: Rs 70,000 crore investment over next 5–6 years, says automaker firm CEO; move follows EV project launch in Gujarat
Toshihiro Suzuki after PM Modi launched the export programme of Maruti Suzuki India’s first electric vehicle e VITARA Japanese car manufacturer Suzuki Motor Corporation, on Tuesday, announced plans to invest Rs 70,000 crore in India over the next five to six years to enhance its operations in the country, as said by Representative Director and […]
India’s green mobility push: PM Modi flags off Maruti’s ‘made-in-India’ EV, to be exported to over 100 countries– top points about ‘e-Vitara’ project
PM Modi flags off Maruti EV in Gujarat NEW DELHI: Prime Minister Narendra Modi on Tuesday flagged off Maruti Suzuki’s first Battery Electric Vehicle (BEV), e-Vitara, at Hansalpur, Gujarat. The EV, made in India, will be exported to over 100 countries, signifying India’s growing ambitions in green mobility and self-reliance.The launch coincided with the commencement […]
Exporters race against deadline: Diamonds, textiles and seafood shipments rushed to US; Trump’s 50% tariffs kicks in Wednesday
Diamond jewellery, textile and marine product exporters are rushing to clear US orders via air and sea before August 27, when President Trump’s proposed 25 per cent additional tariff on Indian imports takes effect. Over the past week, exporters completed pending US orders mainly through sea transport, while using air cargo—despite higher costs—for final consignments […]
Not considering any relief to Voda Idea: MoS
New Delhi: Telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, minister of state for communications Chandra Sekhar Pemmasani said on Monday.“We have recently converted a lot of their debt into equity. Govt has done whatever we thought we could do. At this time, we do not […]