India’s power demand is projected to grow by 6.0–6.5 per cent annually over the next five years, driven by accelerating electric vehicle (EV) adoption, rapid expansion of data centres, and the development of green hydrogen projects, according to ICRA.“These three segments are expected to contribute to 20–25 per cent of the incremental demand over the…
Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79…
Unacademy, one of India’s prominent edtech platforms, is undergoing a major leadership overhaul as co-founder and CEO Gaurav Munjal prepares to step down, with Sumit Jain set to take over, according to an Economic Times report citing people familiar with the matter.The transition marks a pivotal moment for the Bengaluru-based company, coming amid a broader…
US President Donald Trump‘s social media enterprise revealed its strategy on Tuesday to secure approximately $2.5 billion, with intentions to establish a “bitcoin treasury”, while confirming cryptocurrency‘s significant role in its portfolio.Trump Media & Technology Group, the operator of Truth Social platform, confirmed in its announcement that it has secured subscription arrangements with approximately 50…
US stocks held steady Wednesday, maintaining their momentum after a sharp rebound brought major indexes within striking distance of record highs. Investors are eyeing corporate earnings, particularly from Nvidia, while digesting mixed global signals and recent retail sector updates.The S&P 500 rose 0.1% in early trading, continuing a steady climb driven by optimism that the…
N Chandrasekaran, Chairman of Tata Sons N Chandrasekaran, Chairman of Tata Sons, has stepped down from his roles as Chairman and Director of Tata Chemicals, effective May 29, 2025. The announcement was made via a regulatory filing, with the Board of Directors acknowledging his resignation during a meeting held on Wednesday, according to news agency…
Vikram Singh Mehta named new Chairman of IndiGo IndiGo, India’s largest airline, appointed Vikram Singh Mehta as its new Chairman on Wednesday, replacing Venkataramani Sumantran. Mehta has served on the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022.IndiGo confirmed that Mehta takes over from Sumantran, who concluded his five-year tenure as a board member,…
A bumper wheat harvest in India is replenishing government stockpiles at a rapid pace, easing fears that the country would need to import wheat for the first time since 2017. This turnaround could weigh on global wheat prices, which have already seen a sharp decline from 2022 peaks.India, the world’s second-largest wheat producer, had banned…
IndiGo is set to be the first to commence commercial flight operations from the Navi Mumbai International Airport (NMIA), owned by the Adani Group, according to a joint statement issued on Wednesday.The airline will begin with 18 daily departures, connecting more than 15 cities. By November 2025, this is expected to expand to 79 daily…
NEW DELHI: Belrise Industries Ltd shares made a strong debut on Wednesday, listing at over 11% premium to the issue price of Rs 90 per share.The shares opened at Rs 100 on the NSE, reflecting an 11.11% premium over the issue price. On the BSE, it started at Rs 98.50, showing a 9.44 per cent…
