The industry is already facing pressure following the introduction of Specialised Investment Funds (SIFs) from April this year. (AI image) The Portfolio Management Services (PMS) industry has approached market regulator SEBI to reduce the minimum investment threshold of ₹50 lakh to make this investment channel accessible to a wider base of investors. Sebi had increased…
Tata Consultancy Services (TCS) BENGALURU: Tata Consultancy Services (TCS) has appointed Amit Kapur as the chief AI and services transformation officer, effective September 1. He will report to the firm’s COO, Aarthi Subramanian. Kapur currently leads TCS’s business in the UK and Ireland, the company’s second-largest region, and has over 26 years of experience with…
Following Washington’s imposition of a 50 per cent tariff on Indian goods set to take effect Wednesday (9.30am IST), Fijian Prime Minister Sitiveni Ligamamada Rabuka expressed confidence in Prime Minister Narendra Modi’s ability to handle such challenges.In his statement, Rabuka said, “…The recent announcements of the tariffs (by the United States)…I told him (PM Modi)…
Trump tariffs to take effect It’s here — Trump’s 50% tariffs on India. So, where do India’s exporters go from here? For some of India’s biggest exporters, the answer is any which way that helps them survive the biggest business shock of their entrepreneurial career.TOI spoke to companies across sectors for this story. Some companies…
Wall Street began Tuesday on a cautious note, with stocks hovering near breakeven as major indexes traded just below their recent record highs. Nasdaq jumped 36 points or 0.17%, reaching 21,485 at 8.20 PM IST. The S&P 500 followed the pattern adding 0.71 points or 0.01%, reaching 6,440. However, Dow dipped 52 points or 0.12%…
HYDERABAD: Integrated design, engineering and manufacturing player, Ardee Engineering Limited, has received approval from the capital markets regulator, Securities & Exchange Board of India (Sebi), for its Rs 580 crore initial public offering (IPO).The IPO of the Hyderabad-based company, which is into pre-engineered buildings (PEB), material handling systems (MHS) and engineering services, comprises a fresh…
The global flow of parcels to the United States has been thrown into chaos after 25 countries decided to halt shipments, as fears over US President’s looming tariffs grow.The Universal Postal Union (UPU), a United Nations agency, confirmed on Tuesday that several nations had suspended deliveries due to uncertainty created by President Donald Trump’s new…
American consumers became less confident of the US economy in August, as worries over the jobs market continuing to mount for the eighth month in a row.Figures released on Tuesday by the Conference Board showed that its consumer confidence index slipped to 97.4 in August from 98.7 in July, a 1.3-point decline. The reading, though…
Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any…
The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp, US…
