India is among the first nations to implement an exclusive biotechnology policy, said Union Minister Dr. Jitendra Singh on Monday. The Union Minister of State (Independent Charge) for Science and Technology said this at the inauguration of the new complex of India's first Biomanufacturing Institute. While addressing the assembly of scientists, industry leaders, and stakeholders, … Read more
Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25. Continuing profit before tax (PBT) grew 69 per cent to Rs 8,020 crore in H1 FY25 and … Read more
Leading telecom service provider Bharti Airtel on Monday said that Gopal Vittal, who led the company as Managing Director and CEO for the last 12 years, is being appointed Executive Vice Chairman as part of a structured succession process. On January 1, 2026, Vittal will move into the role of Executive Vice Chairman of Bharti … Read more
The artificial intelligence (AI) budgets at wealth management companies are set to surge from 16 per cent to 37 per cent within the next 3-5 years, according to a report on Monday. However, a readiness gap in regulatory compliance and skilling of talent threatens to slow down efforts, said the report by IT major Wipro. … Read more
Gold prices lingered near record highs on Tuesday, supported by uncertainty surrounding the upcoming U.S. presidential election, while investors awaited key economic data for clues on the Federal Reserve's interest rate trajectory. Spot gold was up 0.5% at $2,755.42 per ounce, as of 0226 GMT. Prices hit a record high of $2,758.37 last Wednesday. U.S. … Read more
The Indian rupee is likely to open little changed on Tuesday, remaining unresponsive to U.S. Treasury yields, outflows and other external cues amid possible intervention from the Reserve Bank of India. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged from 84.0775 in the previous session. The local currency for two-and-a-half weeks … Read more
The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in … Read more
Indian shares are set to open little changed on Tuesday, after snapping a losing streak in the previous session, with traders expecting caution to persist due to largely tepid earnings season and persistent foreign selling. The Gift Nifty futures was trading at 24,352, as of 07:53 a.m. IST, indicating that the benchmark Nifty 50 will … Read more
A majority of homebuyers in India expects property prices to rise by 6-15 per cent over the next 12 months, citing capital appreciation and rental yields as key motivators, according to a report on Monday. Those with annual household incomes between Rs 20 lakh-Rs 30 lakh are showing strongest preference for purchasing homes, signalling rising … Read more
In a bid to further enhance economic ties and participate in the ‘8th Future Investment Initiative’, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit Saudi Arabia from October 29-30. The minister will hold bilateral meetings with key Saudi ministers, including the Minister of Commerce, Minister of Industry and Mineral Resources, Minister … Read more