MUMBAI: UK prime minister Keir Starmer, on his maiden visit to Mumbai as head of state, sought to reposition his country as a key economic ally, showcase the UK’s renewed economic confidence, and call for deeper fintech and technology linkages.Starmer said that the India-UK trade deal was a huge win for both nations and a…
MUMBAI: Prime Minister Narendra Modi said that India has made the democratic spirit a pillar of governance and extended it to technology, making the country one of the most digitally inclusive societies.Addressing the Global Fintech Fest in Mumbai on Thursday jointly with UK Prime Minister Keir Starmer, Modi said that the India Stack has become…
TCS, which is Tata Group’s most profitable entity, had in July announced a workforce reduction of 12,261 positions. (AI image) TCS layoffs: Tata Consultancy Services, India’s largest IT services exporter, has released around 1% of its workforce, its Chief HR Officer Sudeep Kunnumal said on Thursday. Kunnumal said that around 6,000 people have been laid…
The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same…
The Indian government is signalling a warmer reception for Chinese investment in electronics manufacturing, provided companies commit to technology transfer and local workforce training, officials said.This could improve the chances of Chinese joint ventures clearing the stricter scrutiny currently applied to investments from neighbouring countries, a ministry of electronics and IT (MeitY) official said.“The ECMS…
The government has moved a step closer to boosting India’s self-reliance in rare earth magnets, with a key panel approving a Rs 7,300 crore scheme to support local manufacturing. These magnets are essential for electric vehicles, wind turbines and a range of consumer electronics.The expenditure finance committee (EFC), which functions under the finance ministry, cleared…
In August, the Donald Trump administration announced 50% tariffs on US imports of Indian products. (AI image) India is set to ramp up imports of Russian crude in the coming months at a time when the US has imposed 25% additional tariffs on it for Russian oil trade. Indian refiners plan to increase Russian oil…
Karva Chauth, which falls just days before Diwali, will be celebrated on October 10 this year. Many are wondering if banks will observe a holiday on this day.With a host of festivals in October, it is advisable to check the bank holiday schedule in advance to plan any banking activities smoothly. The RBI’s pre-released holiday…
Gold has surpassed the crucial psychological mark of $4,000, signaling strong bullish momentum. (AI image) Gold and silver price prediction today: Gold and silver prices are exhibiting bullish momentum, reaching new highs, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver: MCX Gold Price…
Asian markets were mixed on Thursday as investors tried to assess the global AI-driven rally, US interest rate moves, and the continuing government shutdown in Washington.Japan’s Nikkei gained 1.29% or 614 points trading at 48,349, while HSI dipped 9 points or 0.03% to reach 26,820 at 9:30 AM IST. In India, NSE benchmark Nifty traded…