NEW DELHI: RBI governor Sanjay Malhotra said on Thursday that the central bank does not aim for any particular level for the rupee, and depreciation of rupee is driven purely by market demand, with recent depreciation linked to tariffs. “We do not target any level for the rupee,” Malhotra said at an event at the…
MUMBAI: Tata Trusts trustee Darius Khambata, in a letter to trustees including chairman Noel Tata, has expressed disappointment over the Trusts’ failure to correct what he described as a “doctored media narrative” suggesting a “coup or takeover” by some trustees.“What has been disappointing to me has been the failure of the Trusts to correct this…
BENAGALURU: As TCS begins executing its multi-billion-dollar AI data centre blueprint, the company is positioning HyperVault at the heart of its ambition to become the largest AI-led technology services provider. In an interview to TOI, TCS CEO K Krithivasan and its chief strategy officer Mangesh Sathe outline India’s rising digital footprint makes AI compute capacity…
MUMBAI: Strong gains in index heavyweights Reliance Industries and HDFC Bank on Thursday propelled sensex to within half a percentage point of its all-time high peak of 85,978 points, recorded nearly 14 months ago. Sensex closed the session 446 points up at 85,633 points, its fourth consecutive day of gains. At Thursday’s close, while sensex…
NEW DELHI: Reliance Industries (RIL) has stopped accepting Russian crude for the export-oriented unit at its Jamnagar refining complex in Gujarat from Thursday, a day before the deadline for accepting pre-ordered shipments under the latest round of US sanctions and a month before EU curbs on products made from barrels from Kremlin-backed exporters.From Dec, all…
TEL AVIV/ NEW DELHI: India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for a free trade agreement, commerce & industry minister Piyush Goyal said.The ToR, which will be the basis for talks, includes market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs procedures,…
The government has postponed the implementation of mandatory quality standards for certain imported steel and stainless-steel products until March 2026, in order to secure the supply of crucial steel items. Quality Control Orders (QCOs), which prevent non-BIS-compliant steel from entering the country, had earlier seen certain exemptions. The Ministry of Steel had allowed specified steel…
Tata Consultancy Services (TCS), India’s largest software exporter, is set to launch a multi-billion dollar joint venture with private equity firm TPG to create AI and sovereign data centres, sources close to the matter said. The move marks a strategic shift for TCS, which has historically favoured a capex-light, organic growth model, as it aims…
India and Israel have moved a step closer to a deepen their economic partnership, as the two nations signed the Terms of Reference (ToR) in Tel Aviv on Thursday, formally launching negotiations for a Free Trade Agreement. The document was endorsed by commerce and industry minister Piyush Goyal and Israel’s economy and industry minister Nir…
The United States finally released its long-awaited September employment data after a seven-week delay caused by the federal government shutdown, showing that employers added 119,000 jobs, more than twice what economists had expected. Though the figure offered a bright headline after weeks of uncertainty, the underlying numbers painted an uneven picture of the job market.Revisions…
