HYDERABAD: In line with its strategy sharpen its focus on fast growing markets of central India, KONE India has set up its central region office in Hyderabad, which is its fifth regional office in the country. The new office will cater to states such as Madhya Pradesh, Chhattisgarh and parts of Maharashtra, in addition to…
India is stepping up the adoption of battery and alternative fuel-powered train engines as it moves to phase out diesel locomotives on short and medium-distance routes, following the near-complete electrification of its rail network.With just 405 route kilometres (rkm) left to be electrified out of a total 70,117 rkm, officials said the focus of the…
Representative image (AI-generated) The Indian rupee weakened by 7 paise on Tuesday, closing at a record low of 90.97 against the US dollar. This comes as strong dollar demand from metal importers and continued foreign fund outflows weighed on investor sentiment.Forex traders said that the rising geopolitical uncertainties, including fresh US expansionary signals, have increased…
Netflix has revised its proposed acquisition of Warner Bros. Discovery, shifting to an all-cash transaction valued at USD 27.75 per share. The move aims at simplifying the deal structure and strengthening its position amid rival takeover efforts.The revised offer values Warner Bros. Discovery at an enterprise value of about USD 82.7 billion, including debt and…
Gold prices surged to fresh record highs on Tuesday as renewed fears of a potential US–EU trade war pushed investors towards safe-haven assets amid rising global uncertainty.The rally followed tariff threats by US President Donald Trump against European nations opposing his Greenland move, triggering risk aversion across global markets. Precious metal extended gains from the…
President of the European Commission Ursula von der Leyen talks during the Annual Meeting of the World Economic Forum in Davos (AP photo) India is close to signing a trade deal with the European Union, as stated by EU chief Ursula von der Leyen during the World Economic Forum in Davos on Tuesday.“There is still…
Silver made a stellar debut in 2026, soaring over 35%, or nearly Rs 85,000 per kg, investors rush towards the precious metal amid tightening supplies and escalating geopolitical tensions involving the US, Iran and Greenland. The white metal’s momentum further strengthened after MCX silver futures decisively crossed the Rs 3 lakh per kg milestone. During…
Car Repairs Delayed? Oman Now Forces Insurers to Pay You Cash for Every Extra Day In a significant shake-up of Oman’s motor insurance landscape, the Financial Services Authority (FSA) has introduced sweeping reforms that now mandate compensation from insurers if car repairs aren’t completed on time, a first in the Gulf region and a major…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
Tushar Ahluwalia raises $12 million for AI venture out of stealth BENGALURU: Tushar Ahluwalia, who previously co-founded ecommerce aggregator Razor Group and consumer fashion platform StalkBuyLove, has raised $12 million for his new AI startup GeneralMind, just months after the company began operations, as it comes out of stealth to scale an autonomous workflow automation…
