Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s group, reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units. The company posted a net profit of Rs 734 crore in Q1 FY26, compared to Rs 1,458 crore earnings in Q1 FY25. Source…
Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” a spokesperson said A video last year teasing…
NEW YORK/WASHINGTON: India’s purchases of Russian oil are helping to sustain Moscow’s war efforts in Ukraine, and it is “most certainly a point of irritation” in Delhi’s relationship with Washington, US secretary of state Marco Rubio said Thursday.“Look, global trade – India is an ally. It’s a strategic partner. Like anything in foreign policy, you’re…
NEW DELHI: Samsung has signed a Memorandum of Understanding (MoU) with the Startup India programme to support young innovators across the country, with a special focus on smaller towns and cities.The MoU will see Samsung’s ‘Solve for Tomorrow’ initiative team up with Startup India’s national ecosystem of incubation, mentorship, and policy support. “The collaboration aims…
In a major step towards expanding satellite broadband access, Elon Musk’s Starlink has been granted a Unified Licence to provide satellite internet services in India, Union Telecom Minister Jyotiraditya Scindia announced on Thursday. Alongside the licence, the government has also finalised frameworks for spectrum allocation and gateway setup to facilitate a smooth rollout of services.“Starlink…
File photo: US President Donald Trump and Mexican President Claudia Sheinbaum (Picture credit: AP) US President Donald Trump on Thursday announced a 90-day extension for trade negotiations with Mexico, allowing both countries more time to reach a long-term agreement. While tariffs on key Mexican exports remain in place during this period, leaders on both sides…
AI-generated image The imposition of a 25 per cent US tariff on Indian goods from August 1, along with an unspecified penalty over India’s continued trade with Russia, could weigh on India’s GDP growth and export prospects, experts have warned. Sectors such as pharmaceuticals, gems and jewellery, textiles, and automobiles are likely to be most…
The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said.The allocation includes Rs 1,000 crore to…
Piyush Goyal said that India will protect its national interest while pursuing any trade deal. Commerce minister Piyush Goyal on Thursday said that India will protect its national interest while pursuing any trade deal with world economies. Goyal’s comments in the Parliament come after US announced a 25% tariff on India. In what appeared to…
The Union Cabinet approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim of boosting cooperative activity across key rural sectors.According to the government release, the outlay — Rs 500 crore annually from FY26 to FY29 — will enable NCDC…
