NEW DELHI: Ola Electric dropped to the third position in India’s electric two-wheeler market in May, losing its lead to legacy automakers TVS Motor and Bajaj Auto amid a broader sales slowdown in the sector.Once commanding more than half the market just over a year ago, the Bhavish Aggarwal-led company saw its share drop to…
The government has established a target of Rs 30,000-crore in defence exports for this fiscal year. (Image of K9 Vajra) Larsen & Toubro (L&T) plans to expand its defence business into a multi-billion dollar enterprise, significantly higher than Rs 6,185 crore (approximately $726 million at current exchange rates) in orders from the previous financial year,…
NEW DELHI: TCS, India’s largest IT services firm, sees generative AI as more than just a tech trend, calling it a “civilisational shift” that will transform every industry.Tata Sons Chairman N Chandrasekaran said the $30 billion company plans to build a “large pool of AI agents” to work alongside humans, creating a “human+AI” model for…
Gold pared some of the gains witnessed last week. (AI image) Gold price prediction today: Gold rate has been swinging in the last few weeks and has recently pared gains. Global uncertainties make gold a safe haven bet, but the flow of relatively better news internationally, especially on Donald Trump’s tariff front, is taking the…
MUMBAI: The mutual fund space is seeing two new entrants. While Reliance Jio-BlackRock’s joint venture received Sebi approval to launch an asset management company (AMC), South Africa-based Sanlam joined Shriram Asset Management as a co-promoter with a strategic investment.Jio Financial Services and US-based BlackRock’s 50:50 JV-Jio BlackRock Asset Management-was cleared by Sebi to operate as…
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, ITI, Minda Corp, and BLS International are the top stocks to buy today:ITI LTD: BUY NEAR ₹304 | Stop Loss: ₹265 | Target: ₹370 (Positional)ITI Ltd has witnessed a strong breakout…
New Delhi: India has agreed to slash import duty only for “premium” cars and has fixed the number of vehicles that will get the benefit of lower levies, a senior UK official said on Tuesday. Under the agreement, which is expected to be implemented after a green light from the British Parliament, India will lower…
Nvidia shares climbed over 3 per cent to $135.16 in early trading on Tuesday as investors brace for the company’s earnings report due Wednesday, focusing on the financial impact of recent US export restrictions on its China business.Nvidia shares were trading 3.10 per cent higher at $135.36 as of 11:07 am ET.The Biden administration’s export…
NEW DELHI: The income tax department has extended the deadline for filing of tax returns by individuals from July 31 to Sept 15 in the wake of several amendments to the law, which have necessitated revisions in the notified ITRs for this assessment year, requiring the authorities to rework the technology platform, among other things.“The…
India’s foreign direct investment (FDI) inflows declined by 24.5 per cent year-on-year to $9.34 billion in the January-March quarter of 2024-25, according to government data released on Tuesday. The corresponding figure for the same quarter last year was $12.38 billion. Despite the quarterly drop, the country recorded a 13 per cent rise in total FDI…
