NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as “baseless and mischievous”.“Further, we are not aware of any investigation by US authorities on this subject. The WSJ’s story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group…
NEW DELHI: Raising an alarm over challenges in procuring rare earth magnets from China, the auto industry has told govt that the matter will lead to stoppage of production of certain models from this week, while heading to a complete shutdown by the middle of next month. China has put the export curbs on rare…
Salil Parekh (File photo from Infosys website) Infosys CEO and managing director Salil Parekh received a total pay of Rs 80.62 crore in FY25, marking a 21.6 per cent increase from Rs 66.25 crore in the previous year, according to the company’s annual report.The report details that Parekh’s remuneration comprised a base salary of Rs…
India’s real GDP growth is projected to slow to 6.2 per cent in FY26, down from 6.5 per cent in FY25, according to a report released on Monday by Japanese brokerage firm Nomura.Nomura’s research report, quoted by PTI, highlighted a growing “divergence” between Goods and Services Tax (GST) collection growth and other high-frequency indicators such…
Image used for representative purposes Tata Group-owned Air India has been working on a top-to-bottom transformation for the last three years and has also placed orders for 570 planes, the airline’s CEO and MD Campbell Wilson said on Monday.“It is a transformative time for India and a transformative time for Air India…,” Wilson said, highlighting…
The Adani group firmly rejected these allegations as “baseless and mischievous”. The Adani Group issued a statement on Monday clarifying that none of its ports process cargo originating from Iran or vessels under Iranian ownership, rejecting allegations of intentional sanctions violations.The Adani Group submitted a filing to the stock exchange, dismissing claims about connections between…
US Federal Reserve Governor Christopher Waller hinted on Monday that interest rate cuts could still be on the table in the coming months, even amid potential inflationary pressures from newly introduced tariffs.Speaking at an event in Seoul, South Korea, Waller said, “I support looking through any tariff effects on near term-inflation when setting the policy…
Stock markets in the United States opened with a slight decline, surrendering a portion of their gains from May, which marked their strongest performance since 2023. During early Monday trading, the S&P 500 declined by 0.3%. The Dow Jones Industrial Average dropped 174 points, representing a 0.4% decrease, whilst the Nasdaq composite fell by 0.2%.This…
Errol Musk in Delhi (ANI) NEW DELHI: Errol Musk, father of Tesla CEO Elon Musk, expressed admiration for India’s push towards green technology, saying he sees immense potential in the country’s commitment to sustainability and energy efficiency. Speaking to ANI, during his visit to Delhi, Musk shared his insights on India as a global power,…
India foresees a “minor impact” from the United States President Donald Trump’s proposed elevation of tariffs on steel and aluminium products, according to the federal steel minister’s statement on Monday, citing limited export volumes to Washington.Following Trump’s announcement last week regarding his intention to raise tariffs on imported steel and aluminium from 25% to 50%,…