Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most…
Market participants said the tax relief has also strengthened expectations that Indian government bonds could find a place in Bloomberg’s Global Aggregate Index. (AI image) The government and RBI’s steps to attract capital inflows seems to be yielding results with foreign investors pouring in a record Rs 39,640 crore, or around $4.2 billion, in Indian…
Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at…
Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects…
India’s economy is expected to grow 6.6-6.8% in FY27, with easing global energy prices and the normalisation of shipments through the Strait of Hormuz likely to improve growth and inflation prospects India’s economy is expected to grow 6.6-6.8% in the current financial year, with easing global energy prices and the normalisation of shipments through the…
US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements. Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country…
The logo of German car manufacturer Volkswagen is pictured at Volkswagen’s transparent factory in Dresden, Germany, on May 14, 2025. (AP-Photo) Volkswagen is considering closing four factories in Germany and increasing planned job cuts to as many as 1,00,000 (1 lakh) in what could become the biggest restructuring in the company’s history as the automaker…
The Middle East conflict had triggered concerns across global markets as tensions around the Strait of Hormuz threatened energy supplies and raised fears of slower economic growth. However, with the US and Iran reaching a ceasefire and energy markets showing signs of stabilisation, the outlook has improved.Crisil Ratings now expects the impact on corporate India’s…
An Uber spokesperson said Prabhjeet Singh is leaving the company to pursue another leadership opportunity. Uber India and South Asia President Prabhjeet Singh has stepped down after more than a decade with the ride-hailing company, the company confirmed on Thursday, PTI reported.An Uber spokesperson said Singh is leaving the company to pursue another leadership opportunity.“We…
Among the biggest drags was Micron Technology, whose shares fell 5.5%. The memory-chip maker has been one of Wall Street’s biggest winners this year, with its stock roughly quadrupling as AI-driven demand boosted sales. Wall Street slipped on Friday as another sharp selloff in artificial intelligence (AI)-linked stocks outweighed gains across much of the broader…
