The Indian stock market benchmark Sensex declined by over 519 points on Tuesday, driven by significant foreign portfolio investor outflows and subdued global market trends. Weakness in major global indices along with concerns about economic growth contributed to the bearish sentiment. Sensex drops over 519 points amid foreign fund outflows and global market weakness, as…
The Indian rupee rebounded on Tuesday, gaining 11 paise to settle at 88.66 against the US dollar, supported by easing crude oil prices and positive domestic equities. The currency’s gain reflects improved investor sentiment amid stable global cues and government measures to stabilize the foreign exchange market. Indian rupee strengthened by 11 paise to settle…
Gopichand Hinduja, the chairman of the Hinduja Group, passed away in London at the age of 98. He was a prominent Indian-born British businessman who led the conglomerate alongside his brothers, expanding its global footprint across multiple sectors. Gopichand Hinduja, chairman of Hinduja Group, dies in London at 98. Key figure in global business and…
Bharti Airtel plans to approach the government for a recalculation of its Adjusted Gross Revenue (AGR) dues after the Supreme Court’s recent ruling against Vodafone Idea’s interpretation of AGR. The move comes as Airtel seeks clarity and possible relief in the financial demands imposed by telecom regulators. Bharti Airtel to seek recalculation of AGR dues…
In response to rising global tariffs, India’s Chief Economic Advisor (CEA) has emphasized the need for the country to enhance its competitiveness rather than focusing solely on tariff adjustments. The CEA highlighted that improving productivity and efficiency will better position India to deal with external trade pressures. India’s Chief Economic Advisor emphasizes enhancing competitiveness as…
An OpenAI official recently emphasized India’s unique position to lead in harnessing artificial intelligence (AI) for social good. Highlighting the country’s innovation ecosystem and societal challenges, the official underscored how AI can address critical issues such as healthcare, education, and agriculture in India. OpenAI official highlights India’s potential as a global leader in leveraging AI…
Indian low-cost carrier SpiceJet announced the appointment of Sanjay Kumar as its new Executive Director, effective immediately. This strategic leadership change aims to strengthen the airline’s executive team as it navigates a competitive aviation sector. SpiceJet appoints Sanjay Kumar as Executive Director to strengthen leadership and boost its position in India’s competitive aviation industry. Mumbai,…
Hyundai Motor India has launched the upgraded versions of its popular compact SUV, the Venue, along with the sportier Venue NLine. The new models feature design enhancements, updated technology, and improved safety, aiming to strengthen Hyundai’s position in the competitive compact SUV segment. Hyundai launches upgraded Venue and Venue NLine in India, featuring new design,…
Yum Brands, the parent company of Pizza Hut, has announced it is considering the potential sale of the Pizza Hut chain as part of a strategic review. This move reflects Yum Brands’ focus on optimizing its brand portfolio amid changing market dynamics. Yum Brands considers selling its Pizza Hut chain in a strategic review to…
Mehli Mistry, erstwhile key figure in the Tata Trusts controversy, has signaled his intent to move on from the legal and corporate dispute. This development marks a potential turning point in the longstanding conflict surrounding the Tata conglomerate’s philanthropic organizations. Mehli Mistry signals intent to move past Tata Trusts controversy, marking a significant shift in…
