HMEL, a joint venture between Lakshmi Mittal and Hindustan Petroleum Corporation Ltd (HPCL), announced on Wednesday that it has suspended imports of Russian crude oil following new Western restrictions on Moscow’s energy trade. In a statement, the Bathinda-based refinery said the suspension would remain in place “pending receipt of any outstanding orders” and cited “new…
NEW DELHI: Vodafone Idea’s shares tumbled 12.4 per cent to Rs 8.21 on the BSE on Thursday after the Supreme Court issued its written order on the company’s adjusted gross revenue (AGR) dues, curbing the extent of relief investors had anticipated. The clarification dented hopes of a broader reprieve for the debt-laden telecom operator.The written…
On May 13, 2024, India entered into a decade-long agreement to operate the Chabahar port. In a boost for India’s regional connectivity plans especially with regard to Afghanistan, the Donald Trump administration has granted extension of sanctions waiver on Iran’s Chabahar port.According to an ET report, India has managed to get an extension for the…
US government shutdown (AI image) The ongoing US government shutdown has created a significant data vacuum, impacting the release of vital federal economic statistics, from employment figures to national GDP measurements.The information gap is set to widen as authorities postpone releasing third-quarter GDP figures for the largest economy globally. Trump’s Nuclear Nightmare Amid Putin ‘Breakup’:…
In the coming week, gold prices are expected to move higher towards the ₹1,25,000 mark. (AI image) Gold and silver price prediction today: Gold and silver prices may start exhibiting some strength in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and…
ChatGPT parent OpenAI might hit Wall Street soon in what could become one of the largest IPOs ever. According to sources, the initial public offering would place the company at a valuation of up to $1 trillion. The artificial intelligence giant has been exploring a potential regulatory filing as early as the second half of…
The US Senate has given a major blow to US President Donald Trump’s order to impose additional 10% tariffs on Canada, revoking his authority to impose steep duties on the country. The resolution was passed late Wednesday (local time) with a 50–46 vote, as reported by The Hill. Four Republicans, Susan Collins and Rand Paul…
NEW DELHI: Commerce and industry minister Piyush Goyal said on Wednesday that reducing India’s dependence on foreign technologies, weapons, and energy sources is vital for the country’s long-term growth and sovereignty.He said the “spirit of Swadeshi” is no longer limited to making or designing in India but extends to achieving true self-reliance in critical areas….
BANGALURU: Cognizant reported revenue of $5.4 billion for the Sept quarter, marking a 7.4% year-on-year rise and a 3.2% sequential increase in dollar terms. In constant currency, revenue grew 6.5%, including a 2.5% contribution from inorganic growth. Sequential growth stood at 2.8%. Cognizant’s strong quarterly performance lifted its shares 6.6% in early Nasdaq trading following…
Toshihiro Suzuki, Representative Director & President, Suzuki Motor TOKYO: Looking to reclaim 50% share of the Indian market, Japanese carmaker Suzuki Motor Corporation – parent of Maruti Suzuki – said on Wednesday it will launch 10 new cars in the country by 2030-31, which will include eight SUVs. Suzuki will also be ramping up its…