Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday, August 29, speaking at the company’s annual general meeting, said its New Energy business possesses the potential to become as big as its Oil-to-Chemicals (O2C) business in the next 5-7
Although losses were limited on Friday (August 29), both benchmark indices extended their losing streak for a third straight session as investor sentiment remained weak, weighed down by higher US tariffs and their potential impact on various sectors. Despite starting
IndiGo promoter Rakesh Gangwal’s family trust on Thursday sold a 1.3 per cent stake in the country’s largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading shares worth Rs 14,497 crore so far this year. Photograph: Priyanshu
Persisting uncertainties related to the US trade policies pose downside risk to the overall demand in the Indian economy while the inflation outlook for the near term has become more benign than anticipated earlier, RBI said in its latest bulletin
Global funds’ assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. Illustration: Uttam Ghosh AUC is the total market value of
Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Photograph: Francis Mascarenhas/Reuters
Infosys and Mastercard on Thursday announced a strategic collaboration to scale cross-border payments, integrating Mastercard’s money movement capabilities with Infosys Finacle, the digital banking suite from its subsidiary EdgeVerve Systems. The partnership will give financial institutions quicker, more efficient access
Oval Projects Engineering IPO: The initial public offering (IPO) of Oval Projects Engineering opened for investors on Thursday, August 28. The SME IPO worth ₹47 crore will remain open for bidding till Monday, September 1. The qualified institutional buyer (QIB)
‘If the near-term economic pain is absorbed more by those who have the ability and the financial strength to do so, then small and medium enterprises in downstream industries will emerge stronger from the trade imbroglio.’ Illustration: Dominic Xavier/Rediff
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. Illustration: Dominic Xavier/Rediff
