Bank of Baroda and Bank of India are aiming to raise over $6 billion in foreign capital MUMBAI: Bank of Baroda and Bank of India, the two largest public sector banks in terms of overseas branches, are aiming to raise over $6 billion in foreign capital through schemes where RBI undertakes to cover forex risk…
The IT firm will establish the AI data centre in partnership with homegrown AI startup Sarvam and Odisha govt BENGALURU: HCLTech plans to invest Rs 14,257 crore to set up its first AI data centre at the upcoming Odisha Sovereign AI Park, marking one of the country’s largest investments in sovereign AI infrastructure.The IT firm…
Trump loses bid to impose $100k fee on H-1B visa The Trump administration suffered a setback on Friday after a US federal appeals court refused to lift a ruling that blocks the government from charging a $100,000 fee for new H-1B visas.The 1st US Circuit Court of Appeals in Boston left in place a June…
Trump administration imposes tariffs Trump slaps 10% tariff on India, no major impact seen | page 23New Delhi: The US Trade Representative has announced 10% additional tariffs on India and several other countries for allowing import of goods using forced labour.The “permanent” levy after a Section 301 probe, which was on expected lines, will replace…
Global benchmark Brent crude topped the $100-per-barrel mark NEW DELHI: Global benchmark Brent crude topped the $100-per-barrel mark Thursday for the first time in nine weeks as the renewed conflict between US and Iran in West Asia disrupted shipments thr-ough Strait of Hormuz, while Tehran-backed Houthi rebels continued to target shipping through Bab el-Mandeb Strait.Brent…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
The United States has imposed a 10% tariff on Indian goods under Section 301, but economists believe the immediate impact on India’s exports will be limited.While the move offers some relief compared with higher tariff proposals, they say that the real challenge lies in reducing the country’s dependence on a single export market by broadening…
India brought in more than 32 lakh tonnes of key fertilisers during the first quarter of the current financial year, with imports of urea and di-ammonium phosphate (DAP) supplementing domestic production to meet demand, according to information shared by the government in Parliament.In a written reply to the Lok Sabha, chemicals and fertilizers minister J…
A fall in oil prices offered some relief to Wall Street on Friday, but was not enough to reverse the week’s broader losses. Investors continued to weigh the impact of the Middle East conflict, fresh US tariffs and uncertainty over the Federal Reserve’s next policy move.S&P 500 rose 40.73 points, or 0.55%, to 7,449.03, while…
Dalal Street ended lower for the fifth straight session on Friday as a mix of global and domestic headwinds kept investors on edge. Concerns over escalating tensions in the Middle East, crude oil prices soaring to $100 per barrel, FII selling and other cues weighed down market sentiment.BSE Sensex closed 331.62 points, or 0.43%, lower…
