Crypto rally builds: Bitcoin crosses $108K briefly; Ether, altcoins mixed amid caution

Bitcoin continued its upward momentum on Thursday, briefly surpassing the $108,000 mark as geopolitical tensions eased and institutional participation in crypto assets showed signs of strengthening. As of 11:50 am IST, the world’s leading cryptocurrency was trading at $107,800, up 1.5 per cent on the day, after touching a daily high of $108,305, according to…

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Panasonic downsizes India operations: Japanese firm to exit washing machines, fridge markets; layoffs expected

Panasonic Holdings is exiting India’s refrigerator and washing machine segments, marking a significant downsizing of its consumer electronics business in the country as part of a broader global overhaul. The Japanese electronics major is shuttering the production lines for these products at its Jhajjar factory in Haryana and will now focus on core categories like…

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Betting big on India! US giant JPMorgan leases office space in Mumbai’s Bandra-Kurla Complex for Rs 1,000 crore; total rental may hit Rs 2,500 crore

JP Morgan India has agreed to pay Rs 6.91 crore as monthly rent. (AP file photo) JPMorgan has secured 116,210 sq ft of office space in Sumitomo’s commercial tower located in Mumbai’s Bandra-Kurla Complex (BKC). This significant pre-lease agreement is for a term of 10 years to begin with.The agreement includes an initial 10-year license…

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Global Capability Centres: India remains top choice; value growth may touch 15% by FY29 – Report

India is set to retain its status as a top destination for Global Capability Centres (GCCs), with global businesses reaffirming their commitment to expanding operations in the country, according to a new report by PwC.As per news agency ANI, the study shows that fewer than 25% of business leaders surveyed are considering relocating their GCCs…

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Gold & silver price prediction today: Will gold rate test Rs 1 lakh mark soon – what’s the outlook and should you buy or sell?

Gold is currently holding a crucial support level around ₹95,800. This zone is significant, as a strong reversal from here could potentially trigger a recovery in prices. (AI image) Gold and silver price prediction today: Gold has been dipping after a recent surge amidst tensions in the Middle East. With the US declaring a ceasefire…

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Govt disburses 21k crore under PLI scheme

NEW DELHI: A total of Rs 21,534 crore has been disbursed by govt under various production-linked incentive schemes that cover sectors, such as large-scale electronics manufacturing, IT hardware, pharmaceuticals and bulk drugs, telecom and networking products and food processing.PLI schemes are under various stages of implementation across 14 key sectors and have resulted in cumulative…

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