India’s foreign exchange reserves rose by $1.567 billion to reach $677.835 billion for the week ending April 11, the Reserve Bank of India said on Friday. The reserves have shown continuous growth for sixth consecutive week.The overall forex kitty witnessed an increase of $10.872 billion, reaching $676.268 billion in the previous reporting week ended April…
NEW DELHI: National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BCCI and Byju’s board member Riju Raveendran, rejecting their request to withdraw insolvency proceedings and allow a settlement between debt-ridden edtech firm and the cricket board.The appellants had challenged the February 10, 2025 order by the Bengaluru bench of the National…
India’s growth of becoming a global powerhouse in the automobile industry is being slowed down by a lack of innovation, according to a new report by NITI Aayog.The report further noted that this drawback was mainly due to inadequate infrastructure in research and development as India’s spending on the sector remains among the lowest in…
NEW DELHI: The United States has told the World Trade Organization (WTO) that its decision to impose tariffs on steel and aluminium imports was taken on national security grounds, not as a safeguard measure, a key distinction that challenges India’s formal complaint filed earlier this month.In a communication dated April 17, the US said the…
The US Equal Employment Opportunity Commission (EEOC) is investigating dozens of allegations that Tata Consultancy Services (TCS), India’s largest IT outsourcer, discriminated against its American workers based on age, race, and national origin. The claims primarily come from professionals over the age of 40, many of whom say they were targeted in layoffs while Indian…
Wallet refunds will take up to 90 days: BluSmart BENGALURU: Electric cab aggregatorBluSmart has pushed the timeline for refunding wallet balances to users to 90 days, up from six days earlier this week, amid a pause in ride bookings across cities where it operates.Several users have taken to social media to express concerns over the…
Fitch Ratings on Thursday cut India’s GDP growth estimate by 10 basis points to 6.4% for the current fiscal, but retained the projections for the next financial year, on concerns over a severe escalation in global trade war.“It is hard to predict US trade policy with any confidence. Massive policy uncertainty is hurting business investment…
NEW DELHI: Two more Gensol Engineering independent directors, Harsh Singh and Kuljit Singh Popli, have tendered their resignations amid the company facing allegations of misuse of funds, according to a regulatory filing on Thursday. On Wednesday, Gensol Engineering’s independent director, Arun Menon, resigned, saying there was growing concern on leveraging its balance sheet to fund…
US stocks churned as traders poured through the latest batch of earnings reports while trying to gauge the impact of US President Donald Trump’s tariff offensive and invectives directed at the head of the central bank. The Dow Jones index fell 1.3%, while S&P 500 gained 0.2%, and the Nasdaq lost 0.2% intraday. Focus will…
Bulls Trump Bears On D-St, At Least For Now, Even As Chaos Engulfs Wall St Amid Escalating Trade War, Fed’s Wait-&-Watch TalkHopes Of Further Rate Cuts, ‘Normal’ Monsoon Lift Street SpiritsMUMBAI: Strong buying in stocks of banking and financial services companies, along with Reliance Industries, led to a more than 1,900-point intraday reversal in the…
