In a significant development for the Indian financial markets, the net inflow of foreign portfolio investors (FPI) into the Indian primary market has reached a seven-month high of $1.7 billion (Rs 14,247 crore). This surge comes amid a buoyant period for initial public offerings (IPOs). The last time FPIs invested such a substantial amount was…
In a critical juncture for US-China trade relations, officials from both nations are working to resolve their differences and potentially reach a trade agreement that could prevent the imposition of severe tariffs. However, a significant sticking point reportedly remains- the US demand for China to cease purchasing oil from Iran and Russia. China’s Foreign Ministry…
India is rapidly emerging as a major force in the global semiconductor landscape, with its domestic market aimed to grow from $38 billion in 2023 to between $100 and $110 billion by 2030. This projection comes as the global semiconductor industry is set to touch the $1 trillion mark by the end of the decade,…
BENGALURU: HCLTech CEO C Vijayakumar has emerged as the highest-paid Indian IT CEO, crossing the $10 million mark and topping the compensation charts.US-based Vijayakumar earned Rs 94.6 crore in the 2024–25 financial year, which comprised a base pay of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term RSUs worth Rs 56.9 crore,…
Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also considering the size of a startup’s team while weighing potential funding – it is not a big determining factor yet, but at least it is…
Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer document filed with Sebi.The company has said it is setting up a digital platform that will allow defaulting retail borrowers to submit settlement offers and…
NEW DELHI: Amid a clamour for succour after Trump’s tariff announcement, govt has ruled out demands for subsidy, but suggested it is open to “innovative ways” to help industry beat the crisis.The message was delivered by commerce and industry minister Piyush Goyal during his meetings with some of the industry representatives in Mumbai over the…
Even as India’s top IT services companies tighten their workforce, global tech giants are ramping up hiring across their Indian operations. The collective employee base of the FAAMNG group- Meta, Amazon, Apple, Microsoft, Netflix, and Google- grew by 16 per cent in India over the past 12 months, adding more than 28,000 net new jobs,…
India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI.Semiconductors, essential to devices ranging from smartphones and televisions to…
Trump administration officials have said that India buying oil from Russia is an ‘irritant’ for the US. (AI image) India is faced with the prospect of an additional penalty from the Donald Trump administration for its procurement of oil and defence equipment from Russia. While announcing a 25% tariff rate for India this week, Trump…
