RBI does not target any level for rupee, says governor
RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand ...
TCS-TPG joint data venture: $2 billion investment planned for HyperVault AI Data Centres; Tata Group targets AI leadership
India’s largest software exporter, TCS, is forging a multi-billion dollar joint venture with TPG to establish AI and sovereign data centres. This strategic pivot aims ...
Steel sector norms: Government extends exemption from quality compliance; here’s the next deadline
The Centre has extended the quality enforcement timeline for specific steel and stainless-steel imports until March 2026. This move aims to prevent supply disruptions of ...
Luma AI secures $900 million to speed up multimodal AGI push
Bengaluru-based Luma AI secured a massive $900 million in Series C funding, led by HUMAIN. This investment will grant Luma access to HUMAIN’s powerful Saudi ...
Trump’s sanction impact? Reliance announces halting Russian crude imports for exports; effective December 1
Effective November 20, Reliance Industries has transitioned away from importing Russian crude for its Jamnagar export-only refinery. By switching to non-Russian sources, the company is ...
US job market: A solid 119,000 jobs added in September — but details raise concern
The US job market showed a mixed picture in September, with employers adding 119,000 jobs, exceeding expectations. However, revisions revealed job losses in prior months, ...
US stocks today: Wall Street trades in green on hopes of another Fed rate cut; Dow jumps over 660 points, Nasdaq near 2.5% gains
US markets surged on Thursday, buoyed by Nvidia’s stellar earnings and renewed hopes for a Federal Reserve interest rate cut. Nvidia’s strong performance calmed AI ...
India-Russia maritime ties: Moscow proposes collaboration in shipbuilding and port infra; partnership to expand across Indo-Pacific
Russia has proposed fresh shipbuilding initiatives to India, aiming to expand maritime cooperation across the Indo-Pacific and Indian Ocean Region. Discussions covered civilian maritime sectors, ...
Trump’s tariff tango: India is ‘ready to wait’ for deal – What gives New Delhi the space to negotiate with US
India is negotiating with the US from a position of strength, with its economy robust and export declines to America less severe than anticipated. Despite ...
$10 bn chipmaking push: Semiconductor sector will be on par with US by 2032, says Vaishnaw; calls it ‘very fair race’
India aims to rival global chipmaking leaders like the US and China within a decade, with plans advancing rapidly. The government’s $10 billion incentive scheme ...
