After wrapping up a visit to Japan that delivered $490 billion in investment commitments, US President Donald Trump is heading into a more complicated negotiation in South Korea, where a trade agreement remains out of reach.Trump will be meeting South Korean President Lee Jae Myung on Wednesday in Gyeongju, the historic host city of this…
MUMBAI: Mehli Mistry, Ratan Tata‘s long-time confidant, executor of his will, and a man widely seen as custodian of the late chairman’s legacy, has been denied reappointment as lifelong trustee of the Tata Trusts. The decision was taken after Noel Tata, chairman of the Trusts, and vice-chairmen Venu Srinivasan and Vijay Singh declined to give…
MUMBAI: Ports operator Adani Ports and Special Economic Zone Ltd (APSEZ) expressed an intent to participate in projects worth Rs 53,000 crore at the upcoming Vadhvan port in Palghar by signing two MoUs with the Centre-run Jawaharlal Nehru Port Authority (JNPA) on Tuesday. The MoUs were inked at the ongoing India Maritime Week Summit in…
CHENNAI: Standalone retail health insurer Star Health and Allied Insurance Company on Tuesday reported a 50.7% drop in profit after tax (PAT) at Rs 54.9 crore for the quarter ended September 30, 2025, compared with Rs 111.3 crore in the corresponding quarter last year. Its gross written premium (GWP) rose marginally by 1.2% to Rs…
According to a new Macquarie Equity Research report, India’s data centre capacity is poised for massive expansion, set to double by 2027 based on under-construction capacity and may grow fivefold by 2030 if pipeline capacity is fast-tracked.The report titled ‘Racks to Riches: India Data Centres’, estimates that currently India has 1.4 GW of operational data…
NEW DELHI: India’s services sector engaged nearly 188 million workers in 2023-24, absorbing labour at scale and displaying resilience in the face of shocks such as the pandemic, a report by policy think tank Niti Aayog said on Tuesday and recommended a series of measures to boost quality jobs and usher in formalisation in the…
Gold prices plunged sharply on Tuesday, slipping below the $4,000-an-ounce mark in global markets and recording a fall of Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital as easing US-China trade tensions reduced the metal’s safe-haven appeal.According to the All India Sarafa Association, gold had closed at Rs 1,25,900 per 10…
Piyush Goyal holds talks with EU Commissioner Maros Sefcovic on India-EU FTA negotiations The negotiating teams of India and the European Union are making significant progress on tariff-related issues, with an EU delegation set to visit New Delhi next week to further narrow gaps for an early conclusion of the proposed free trade agreement (FTA).Commerce…
CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, posted a 28.3% dip in Profit after Tax (PAT) at Rs 91 crore in the quarter ended Sept 30, 2025, against Rs 127 crore in the corresponding last year. Its Gross Written Premium…
India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…