Piyush Goyal meets Airbus board led by chairman René Obermann to India NEW DELHI: Commerce and Industry Minister Piyush Goyal conducted meetings with Airbus Board members, headed by Chairman Rene Obermann, discussing investment prospects and related matters in India.“Welcomed the @Airbus Board, led by their Chairman, Mr. René Obermann to India. We had an engaging…
Warren Buffett-owned Berkshire Hathaway is set to acquire Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion, marking possibly the last major deal under the billionaire investor who owns the firm, set to retire by year-end.Notably, Buffett’s name was absent from Thursday’s announcement materials, as reported by Associated Press, suggesting a transition of leadership to Vice…
The S&P 500 and Nasdaq indices reached unprecedented levels when markets opened on Thursday, driven by fresh optimism regarding potential interest rate reductions, whilst investors prepare for minimal economic data releases as the week concludes.At market opening, the Dow Jones Industrial Average gained 20.0 points, representing a 0.04% increase, reaching 46,461.11. The S&P 500 advanced…
The Unique Identification Authority of India (UIDAI) has announced a revised fee structure for Aadhaar-related services, effective October 1, 2025, and applicable until September 30, 2028. Subsequent adjustments are scheduled from October 1, 2028, to September 30, 2031.Under the new rates, standard service fees will rise: services previously costing Rs 50 will increase to Rs…
Aravind Srinivas (Image credit: Instagram handle) Chennai-born Aravind Srinivas, 31, has emerged as India’s youngest billionaire, debuting on the M3M Hurun India Rich List 2025. As the founder and CEO of AI startup Perplexity, Srinivas is gaining recognition for his work in generative AI, having an estimated net worth of Rs 21,190 crore. Srinivas’ rise…
The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely to…
Finance minister Nirmala Sitharaman on Wednesday hailed the National Pension System (NPS) saying that it has emerged as a high performing and cost effective retirement planning tool, with some of the best returns among global pension products.Speaking at the NPS Diwas conference in New Delhi, organised by the Pension Fund Regulatory and Development Authority (PFRDA),…
ChatGPT maker OpenAI’s valuation has surged to $500 billion after employees and former staff cashed out $6.6 billion worth of shares in a secondary sale, a source familiar with the deal told Reuters. With this valuation, the AI giant has left behind SpaceX and ByteDance.The transaction lifts the artificial intelligence company’s value from $300 billion…
The European Union is preparing to increase tariffs on steel imports as part of a push to protect local producers from cheap Asian steel and new trade barriers from the United States.The European Commission is expected to unveil a permanent plan next week, which will also slash the EU’s existing steel quotas for foreign steel…
India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and 45%…
