THIRUVANANTHAPURAM: The flagship of the Adani Group, Adani Ports & SEZ, is transforming into a transport utility player, with a presence in every aspect of the business and not limited to the traditional ports segment, said managing director Karan Adani.“We don’t want to be limited to just being a port player. Our focus is on…
Govt has appointed PoonamGupta as deputy governor of RBIfor a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI’s senior leadership.Gupta will takecharge of several key departments, including monetary policy, financial markets operations, economic and policy research,…
NEW DELHI: After LNG, govt is exploring the possibility of increasing fertiliser imports from the US as it seeks to address US President Donald Trump‘s concerns over the trade balance being in India’s favour.The move will also help India reduce its dependence on countries, such as China and Russia, which are among the top sources…
This is an AI-generated image, used for representational purposes only. NEW DELHI: India’s manufacturing sector accelerated to its strongest pace in 10 months in April, fuelled by a surge in export orders and robust output growth, even as firms raised selling prices at the fastest rate in over 11 years, Reuters reported on Friday.The HSBC…
The National Stock Exchange (NSE) launched the Nifty Waves Index on Friday, which includes 43 listed companies from the media, entertainment, and gaming industries. The new index aims to provide comprehensive insights into the performance of one of India’s most dynamic sectors.The Indian media and entertainment industry, encompassing film, television, digital platforms, music, and gaming,…
AI generated representative image S&P Global Ratings has lowered the US GDP forecast for 2025, sharply by 50 basis points to 1.5 per cent, while raising its inflation forecast. For 2026, the US growth projection has been lowered by 20 basis points to 1.7 per cent.While there is an increased risk to the downside across…
The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated…
Debt-laden Vodafone Idea Ltd (Vi) said on Friday that its board has approved changes to the shareholders’ agreement to allow promoters — Aditya Birla Group and Vodafone Group — to retain governance and management rights, even as the Indian government’s stake in the company has risen to 48.99%.The proposed amendment, approved during a board meeting…
Apple shares dropped 5% on Friday after the company reduced its stock buyback program by $10 billion and CEO Tim Cook revealed a $900 million hit to costs this quarter due to escalating US-China trade tensions. According to Reuters, the move comes amid growing uncertainty fuelled by US President Donald Trump’s tariff policies, which have…
Office of Management and Budget Director Russel Vought at White House (AP) US President Donald Trump’s 2026 budget proposal outlines sweeping cuts to non-defence domestic spending, totalling $163 billion, while ramping up expenditures on national security, the White House announced Friday.The proposal targets diversity initiatives and climate change programs, reflecting the administration’s political priorities. However,…
