[ad_1] Union Railways Minister Ashwini Vaishnaw NEW DELHI: IT & electronics minister Ashwini Vaishnaw on Thursday said that India should develop software products and added there have been efforts by local startups to develop an indigenous browser.“India has a strong IT sector with revenues of more than $282 billion. The focus so far was on…
[ad_1] For weeks, the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve chief Jerome Powell to raise the alarm, he took a hard pass. Speaking to reporters following a two-day meeting of policymakers, Powell downplayed mounting growth concerns and the price hits that could be on the way from…
[ad_1] MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance – India’s second-largest gold loan company.Bain Capital will invest around Rs 4,385 crore for an 18% stake through a preferential allotment of equity and warrants at Rs 236 per share, reflecting a 30% premium over the…
[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Zydus Lifesciences and National Aluminium are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for March 21, 2025:Index View: NIFTYNifty despite ongoing global volatility maintained a positive bias and on…
[ad_1] NEW DLEHI: US President Donal Trump’s The Trump Organisation’s has now entered the commercial real estate space in India, after multiple residential projects. “Excited to announce the newest addition to the Trump portfolio: Trump World Center Pune! This marks The Trump Organisation’s first venture into commercial real estate in India, joining its extensive collection…
[ad_1] MUMBAI: IndusInd Bank‘s board has decided to appoint an external agency to conduct a comprehensive investigation into discrepancies identified in its derivative portfolio.On March 10, the bank disclosed that there was an ongoing review by an external agency regarding certain discrepancies in its account balances related to derivative transactions. The bank said any resultant…
[ad_1] NEW DELHI: Boeing has laid off up to 180 employees at the Boeing India Engineering Technology Center (BIETC) in Bengaluru as part of the global downsizing being undertaken by the troubled American aerospace major. Boeing senior VP & president of Boeing Global, Dr Brendan Nelson, has confirmed this to TOI.“We are right sizing the…
[ad_1] MUMBAI: Mukesh Ambani-led Reliance Industries is set to acquire 74% of Nauyaan Shipyard from Welspun Corp, owned by B K Goenka, for Rs 383 crore, gaining access to 138 acres of leasehold land in Dahej, Gujarat. This land is located near Reliance’s petrochemical manufacturing facility. In Jan 2023, Welspun had purchased 165 acres in…
[ad_1] MUMBAI: The rupee on Friday regained 85 level, posting its strongest gain against the dollar in over a month, supported by foreign fund inflows and the unwinding of speculative long-dollar positions. Meanwhile, the sensex and Nifty both continued their northward movements and closed higher, their fifth consecutive sessions of gains.The rupee recorded its best…
[ad_1] MUMBAI: L&T plans to raise Rs 12,000 crore through debt instruments for its financial requirements while announcing organisational modifications at the $27-billion company. It will explore non-convertible debentures, external commercial borrowings, and term loans, with detailed terms to be disclosed upon finalisation.On Friday, Subramanian Sarma, who currently leads the energy unit, was promoted to…
