BENGALURU: Logistics firm Shadowfax Technologies has raised Rs 856 crore from anchor investors, a day before its IPO opens for public subscription, according to a stock exchange filing. The company allotted 6.9 crore equity shares to 39 anchor investors at Rs 124 each, the upper end of the IPO price band.Domestic mutual funds accounted for…
BENGALURU: Volume hiring is giving way to skills-led recruitment as tech firms narrow fresher intake to specialised roles. Even as entry-level hiring slows, companies are offering packages ranging from Rs 16 lakh to Rs 55 lakh for niche fresher roles, underscoring how skills are increasingly trumping volume. Firms are wooing select freshers with higher pay…
Embracing artificial intelligence is no longer optional but a matter of survival for individuals, companies and governments, and India appears to be moving in the right direction, said Jack Hidary, CEO of SandboxAQ, at the World Economic Forum (WEF) Annual Meeting.“It’s time to embrace AI or die,” Hidary told PTI, outlining his central thesis that…
Silver prices surged to an all-time high in the national capital on Monday, crossing the psychologically significant Rs 3 lakh-per-kg mark, while gold also scaled a new record, as heightened geopolitical tensions and tariff-related uncertainty fuelled strong safe-haven demand, PTI reported.According to market participants, silver jumped by Rs 10,000 in a single session to trade…
NEW DELHI: The India-EU summit next week will see both sides announcing in an agreement that negotiations for the free trade agreement (FTA) have been successfully concluded, even though the actual signing will take place later. According to diplomatic sources, apart from the FTA, signing of a security and defence partnership to facilitate defence industrial…
External Affairs Minister S Jaishankar on Monday held wide-ranging talks with Poland’s Deputy Prime Minister and Foreign Minister Radosław Sikorski, reviewing bilateral cooperation in economy, technology and defence while exchanging assessments on global and regional developments amid heightened international uncertainty.In a post on X after the meeting, Jaishankar said the discussions provided “an opportunity for…
The Union Budget should prioritise simpler and more predictable tax laws, alongside tax neutrality for cross-border and corporate reorganisations, to strengthen India’s appeal as a long-term destination for foreign direct investment (FDI), tax and economic experts said, reported PTI.They argued that rationalising the tax framework and lowering the cost of capital would complement ongoing reforms…
MUMBAI: IDBI Bank reported a net profit of Rs 1,935.5 crore for the quarter ended Dec 31, 2025, up 1.4% from Rs 1,908.3 crore a year earlier, aided by provision write-backs and improved asset quality. However, a sharp drop in core net interest income results in shares of the bank falling nearly 6%.Net interest income…
Global growth is projected to stay resilient at 3.3% in 2026 and 3.2% in 2027, broadly matching the estimated 3.3% outturn in 2025, according to the latest World Economic Outlook Update released by International Monetary Fund. The forecast noted a slight upward revision for 2026 and no change for 2027 compared with October 2025 projections.Beneath…
Kuwait Gold Prices Stable Near Record Highs Amidst Market Volatility Gold prices in Kuwait remained stable at $4,595 per ounce after a week of volatility in precious metals markets, closing firmly despite recent profit-taking and fluctuations in investor sentiment. According to a report by Kuwait’s Dar Al-Sabaik, gold futures for February delivery dipped slightly but…
