US President Trump’s tariff and penalty on India has sparked concerns over trade, inflation and foreign flows. Global markets expert Seth Freeman does not believe the levies will trigger an outflow, and advised investors to keep a ‘slow and steady’ approach. As the US sharpens its trade stance, India has found itself in the crosshairs…
Regular engagements with global investors to address their concerns, further simplifying processes as well as easing compliances to boost inflows are part of the plan ODI refers to investments made by Indian entities and residents overseas. The Centre’s key ministries are preparing a coordinated action plan to revive investor sentiment and boost capital inflows following…
The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday. The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday.…
The company plans to raise Rs 2,150 crore (around $250 million) through a fresh issue of shares as part of the offering, Moneycontrol earlier reported. Lenskart is likely to skip the confidential filing route offered by SEBI and instead proceed with a standard DRHP filing Omnichannel eyewear brand Lenskart has filed its draft red herring…
India’s largest IT services firm, TCS, plans to lay off 12,261 employees—around 2% of its global workforce—this year. TCS will reduce workforce by 2% or 12,261 employees primarily in middle and senior grades Layoffs are skill and capability based, not driven by AI productivity gains IT Ministry is monitoring and emphasising employment growth and skilling…
Malhotra underlined that while India’s commitment to accessible, secure digital payments remains firm, long-term sustainability cannot be overlooked. The Reserve Bank of India has signalled that the era of entirely free digital transactions may be nearing its end. As the Unified Payments Interface (UPI) continues to scale new heights, RBI Governor Sanjay Malhotra stressed…
NSDL’s IPO will open for subscription on July 30 and close on August 1, with anchor investor participation beginning on July 29. The issue which is a pure offer for sale aims to raise around Rs 4,011 crore. Investors of National Securities Depository Ltd (NSDL) have been taken aback after the company announced its…
In labour-intensive sectors, tariffs on Indian exports to the UK have been slashed to nil from up to 20 percent on marine products, 12 percent on textiles and apparels, 8 percent on chemicals, and 10 percent on baseline metals, the Indian government said. India and the UK sign the Comprehensive Economic and Trade Agreement in…
Monthly options data suggests that the Nifty 50 is expected to trade in the 24,800–25,300 range in the near term. Nifty Outlook for July 25 The Nifty failed to witness follow-through buying on July 24 and closed the weekly F&O expiry session with a 0.6 percent loss. In fact, the index erased all of its…
The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years. Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…