Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor…
India and Canada are looking to fast-track negotiations for a proposed free trade agreement as both countries push to deepen economic engagement and raise bilateral trade to $50 billion by 2030.Canadian Prime Minister Mark Carney said that negotiations on the trade pact with India could prove transformational for businesses and workers in Canada.“We’re negotiating a…
Indian equity markets climbed to their highest level in two weeks on Monday after indications of progress in peace discussions between the United States and Iran pushed crude oil prices lower and improved investor sentiment towards riskier assets. US President Donald Trump said on Saturday that Washington and Tehran had “largely negotiated” a memorandum of…
Indraprastha Gas Limited (IGL) on Tuesday announced another increase in Compressed Natural Gas (CNG) rates, taking the tally of hikes to four within a span of less than two weeks. The latest revision saw CNG prices go up by Rs 2 per kg. The latest increase comes after IGL raised CNG prices by Rs 2…
Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate slipped 5.46% to $91.33 a barrel, Brent crude from the North Sea moved higher, gaining 2.35% to trade at $98.40 per barrel.The market reaction came…
CHENNAI: Free trade agreements offer the Indian textile industry a significant opportunity to expand its share in the EU, UK, and other markets, as they boost competitiveness. Large players, including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles, and Pearl Global Industries, have signaled export growth in these markets. Some, such as Trident and…
MUMBAI: Tata Trusts’ plans to review its representation on the Tata Sons board have hit a roadblock, with the Maharashtra charity commissioner’s freeze on Sir Ratan Tata Trust board meetings spilling over to Sir Dorabji Tata Trust, even though the commissioner’s order applies only to SRTT.The complication arises from Tata Sons’ articles of association, which…
NEW DELHI: Apple is set to overtake FMCG major Hindustan Unilever in revenue, as affluent Indian consumers spend more on premium smartphones and digital lifestyles while growth in traditional household staples slows.A report by Kotak Mahindra Mutual Fund estimates Apple India’s FY26 revenue at over Rs 1.4 lakh crore, more than twice HUL’s projected Rs…
MUMBAI: Extended supply chain disruptions from the West Asia conflict could shave around 200 bps (100 bps= 1%) off India Inc’s operating profitability this fiscal year, pulling margins down from a pre-conflict expectation of around 12%, according to a stress test by Crisil Ratings.The agency assessed 34 sectors accounting for 65% of its rated corporate…
MUMBAI: As quantum computing moves from theory towards application, the RBI has set up an expert committee for a quantum-secure and adaptive financial ecosystem to assess how a technology that can solve complex financial problems could also threaten existing cryptographic standards.Quantum technology is different from regular computing because it can handle multiple possibilities at the…