Asian shares are trading mixed on Friday after the Wall Street sank from record heights despite United States’s trade truce with China and profits of Big Tech giants exceeded expectations.Taiwan’s benchmark added 104 points or 0.37% to reach 28,392 at 10:31 AM IST. Japan’s Nikkei led the gains, jumping over 790 points to reach 52,118.Kospi…
The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…
NEW DELHI: In one of the costliest ever deals in India for an under construction highrise project, a Delhi-based business family has bought four bare shell apartments in DLF’s upcoming uber luxury Dahlias in Gurgaon for Rs 380 crore. The apartments are in adjoining towers with a common wall. The common wall between two adjacent…
Achin Gupta (Photo- Cipla.com) Cipla, India’s third largest drugmaker by sales, will see a change of guard from April 1, 2026 with its MD and global CEO Umang Vohra stepping down. The company announced that the chief operating officer, Achin Gupta will succeed Vohra “as part of the company’s structured succession planning’’. Analysts told TOI…
MUMBAI: Markets regulator Sebi on Thursday said that exchanges that have derivative products on non-benchmark indices will have to readjust the weights of their constituents in such a way that no one stock dominates the index. As of now there are derivative products on BankNifty, Bankex and FinNifty.In addition to the existing rules for constructing…
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
MUMBAI: Markets regulator Sebi on Thursday allowed investment advisers (IAs) and research advisers (RAs) to share their past performance till the time the Past Risk and Return Verification Agency (PaRRVA) is set up. These advisers will be allowed to share past performance data provided by a chartered accountant or a chartered management accountant only on…
PATNA: Government has indicated that it is close to finalising a bilateral trade deal with the US and also hinted that the much-delayed Export Promotion Mission is expected to be announced in the next fortnight or so. During a meeting with Export Promotion Councils in Delhi late on Wednesday, commerce and industry minister Piyush Goyal…
NEW DELHI: The statistics ministry is proposing that the housing index compilation methodology be revised significantly as part of the base revision exercise of the consumer price index (CPI).As a part of CPI, housing constitutes a major component with an expenditure share of nearly 21.7% in urban areas and 10.1% at the all-India level in…
MUMBAI: The Rs 6,632-crore initial public offering for Billionbrains Garage Ventures that runs the digital financial services company Groww, is set to open on November 4 and close on November 7. At the upper end of the Rs 95-100 price band for the IPO, the company is valued at nearly Rs 62,000 crore. The shares…