Coldplay’s Ahmedabad concerts generated Rs 641 crore economic impact (Picture credit: ANI) NEW DELHI: British rock band Coldplay’s two-night ‘Music of the Spheres’ concerts in Ahmedabad created an estimated overall economic impact of Rs 641 crore, with a direct boost of Rs 392 crore to the city’s economy, a report by EY-Parthenon and BookMyShow Live…
NEW DELHI: With US tariffs looming large over global manufacturing hubs, some multinational electronics component suppliers started coming to India for partnerships and joint ventures.Leading electronics contract manufacturersDixon Technologies and Optiemus have struck partnerships with separate Taiwanese suppliers, growing their footprint in terms of product portfolio & potential client base. The development aligns with govt’s…
NEW DELHI: India’s largest oil refiner-fuel retailer IndianOil has hit the pause button on talks for a term deal for sourcing oil from Russia’s Rosneft amid New Delhi’s efforts to ramp up energy imports from the US with the aim of reducing its trade surplus.Company chairman A S Sahney said the move was prompted by…
BENGALURU: Electric scooter maker Ather Energy closed its Rs 2,981-crore initial public offering (IPO) with a total subscription of 1.4times on Wednesday. This capped a three-day bidding window that saw strong interest from retail and institutional investors.The issue marked the first listing of the 2025-26 and the first major tech-led consumer IPO since 2023-24, testing…
NEW DELHI: The commerce department on Wednesday unveiled the elements of the Export Promotion Mission focused on providing low-cost and collateral-free loans, backing new instruments, supporting opportunities in new markets and boosting export credit to e-commerce, amid concerns that the overall allocation of Rs 2,250 crore was spread too thinly.Top of the agenda is Niryat…
China’s manufacturing activity declined in April after showing signs of recovery in March, according to government data released on Wednesday. The slump comes amid rising trade tensions with the United States, which recently imposed heavy tariffs on Chinese goods. The Purchasing Managers’ Index (PMI) — an important indicator of factory activity — dropped to 49…
India, the world’s fifth largest economy, also has the seventh highest gold reserves globally. (AI image) Today is Akshaya Tritiya and buying gold is considered auspicious. But did you know that gold is considered a safe haven asset – not just by individuals but also central banks. Which explains why central banks around the world…
The first four months of 2025 have demonstrated exceptional performance for gold investments. (AI image) Gold prices slipped by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday, tracking a weaker trend in global markets, according to the All India Sarafa Association.This marks a decline from Tuesday’s close of Rs…
US markets opened in the red Wednesday morning, reacting to fresh economic data that showed the economy unexpectedly contracted in the first quarter of 2025. Investor sentiment soured sharply, sending major indexes tumbling.As of 9:33 AM EDT, the Dow Jones Industrial Average (DJIA) dropped 422.94 points to 40,104.68, down 1.04per cent . The Nasdaq Composite…
With the US economy shrinking unexpectedly during the first quarter of 2025, anticipations that the Fed will gradually introduce rate cuts are high.Federal reserve policymakers, however, are unlikely to read too much into the first-quarter GDP decline, though traders believe clearer signs of economic weakness by June could prompt the central bank to start cutting…
