Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…
Indian restaurants in New York City, which have recently outshone their London counterparts and become favourites among Wall Street executives, are now facing mounting pressure from higher import costs after US President Donald Trump’s tariff moves.On July 31, Trump doubled tariffs on most Indian exports to 50%, a measure that took effect on August 27….
File photo: Union minister Piyush Goyal with New Zealand’s minister for trade Todd McClay (Picture credit: X/@PiyushGoyal) The fourth round of negotiations on the proposed India–New Zealand Free Trade Agreement (FTA) concluded successfully in Auckland and Rotorua after five days of discussions, according to a press release from the ministry of commerce and industry. Both…
File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…
More than 1,000 flights were cancelled across the United States on Friday after the Trump administration ordered reductions to ease strain on air traffic controllers working without pay amid a federal govt shutdown. Forty airports were slated for cuts, including major hubs in Atlanta, Newark, Denver, Chicago, Houston and Los Angeles.The flight reductions took effect…
Mobile users will soon start seeing the names of unknown callers displayed on their phone screens, as telecom operators have begun testing the Calling Name Presentation (CNAP) service in Haryana and Himachal Pradesh. The feature aims to help users identify callers more easily and curb the rising number of spam and scam calls across the…
Representative image (Picture credit: AP) The Nasdaq Composite ended slightly lower on Friday but posted its sharpest weekly loss since early April, as investors questioned how long the artificial intelligence boom could sustain recent market highs. The index slipped 0.21% to 23,004.54, bringing its total weekly fall to around 3%, while chipmakers and technology shares…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has directed the justice department to investigate major meatpacking companies for alleged collusion and price manipulation amid record-high beef prices. In a post on Truth Social, Trump accused meat firms of “driving up the price of beef through illicit collusion, price fixing,…
CHENNAI: The recent GST rate rationalisation has not only resulted in a drop in the prices of commercial vehicles but also eased the long-standing pressure on original equipment manufacturers (OEMs) to offer steep discounts in India’s highly price-sensitive and fiercely competitive truck market.Before the GST revision, medium and heavy commercial vehicles (M&HCVs) priced around Rs…
MUMBAI: The Rs 6,632-crore IPO for online financial services platform Groww was subscribed 17.6 times at close on Friday, with institutional investors leading the bidding. However, with the stock market witnessing sharp volatility, the grey market premium (GMP), the mark-up over the upper band of the offer price in the unofficial market for stocks, fell…