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Category: Business

Business

Govt. says ethanol blending backed by extensive trials and best practices as concerns linger despite clarifications

Posted on July 3, 2026 By admin
Govt. says ethanol blending backed by extensive trials and best practices as concerns linger despite clarifications

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri fills E85 fuel in a car during the during the launch of E85 fuel (a blend of 85% ethanol and 15% petrol) at an Indian Oil fuel station. File | Photo Credit: ANI Amid raging concerns about petrol blended with ethanol corroding engine parts and…

Read More “Govt. says ethanol blending backed by extensive trials and best practices as concerns linger despite clarifications” »

Business

HCLTech wins $1.14 billion deal with European firm

Posted on July 3, 2026 By admin
HCLTech wins .14 billion deal with European firm

HCL Technologies. File | Photo Credit: Reuters India’s HCLTech has won ‌a $1.14 billion deal with a ​major European firm, ⁠the software services exporter said on Friday. The announcement pushed HCLTech’s shares up ‌by as much as 6.3%, boosting gains on the ‌Nifty IT index, which ‌was ⁠up 2.7%. The deal will help HCLTech establish…

Read More “HCLTech wins $1.14 billion deal with European firm” »

Business

Assam estate sells India’s first matcha tea

Posted on July 3, 2026 By admin
Assam estate sells India’s first matcha tea

A tea farmerchecking a net over a matcha tea field in Fujieda, Shizuoka prefecture, Japan. (FILE PHOTO) (For representational purpose only) | Photo Credit: CHARLY TRIBALLEAU An Assam tea estate on Friday (July 3, 2026) sold India’s first commercially-produced matcha tea, marking a significant shift from conventional teas. Matcha is made after shading Camellia sinensis tea leaves…

Read More “Assam estate sells India’s first matcha tea” »

Business

Rupee rises 14 paise to close at 95.21 against US dollar

Posted on July 3, 2026 By admin
Rupee rises 14 paise to close at 95.21 against US dollar

Image used for representational purposes. File | Photo Credit: Reuters The rupee appreciated 14 paise to close at 95.21 (provisional) against the U.S. dollar on Friday (July 3, 2026) as the dollar index retreated from its recent 15-month high levels and mirrored positive domestic equities. Forex traders said despite a weaker dollar index and lower…

Read More “Rupee rises 14 paise to close at 95.21 against US dollar” »

Business

Stock markets take winning run to third day; Sensex climbs 262 points

Posted on July 3, 2026 By admin
Stock markets take winning run to third day; Sensex climbs 262 points

Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: AP Benchmark equity indices Sensex and Nifty ended higher on Friday (July 3, 2026), extending their winning momentum to the third day running, amid a rally in IT stocks and a softer-than-expected U.S. jobs data tempering expectations of near-term monetary tightening by the Federal…

Read More “Stock markets take winning run to third day; Sensex climbs 262 points” »

Business

India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens

Posted on July 3, 2026 By admin
India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens

Image used for representation | Photo Credit: Getty Images/iStockphoto Activity in India’s services sector eased to its lowest level in 17 months, according to a private sector survey, driven by the weakest growth in new order intakes in over two-and-a-half years. The HSBC India Services PMI Business Activity Index eased to 57.4 in June from…

Read More “India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens” »

Business

India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens

Posted on July 3, 2026 By admin
India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens

Image used for representation | Photo Credit: Getty Images/iStockphoto Activity in India’s services sector eased to its lowest level in 17 months, according to a private sector survey, driven by the weakest growth in new order intakes in over two-and-a-half years. The HSBC India Services PMI Business Activity Index eased to 57.4 in June from…

Read More “India’s services PMI drops to 17-month low of 57.4 in June 2026 as demand softens” »

Business

India allows four Chinese-linked power equipment firms to bid for government projects

Posted on July 3, 2026 By admin
India allows four Chinese-linked power equipment firms to bid for government projects

Reuters reported ‌in January that India was ​examining broader relaxations on Chinese bidders for government contracts ⁠as border tensions ease. File. | Photo Credit: Reuters  India has allowed four Chinese power equipment ​manufacturers with factories in the ‌country to participate in government tenders ​for critical power ⁠projects, according to a government order. TBEA Energy, Nanjing…

Read More “India allows four Chinese-linked power equipment firms to bid for government projects” »

Business

Stock markets surge in early trade; Sensex jumps 546 points

Posted on July 3, 2026 By admin
Stock markets surge in early trade; Sensex jumps 546 points

From the Sensex pack, HCL Tech, Bajaj Finserv, Tata Steel, Tech Mahindra, Bharat Electronics and Tata Consultancy Services were among the major winners. | Photo Credit: AP Benchmark indices Sensex and Nifty surged in early trade on Friday (July 3 2026) amid a rally in IT stocks and softer-than-expected U.S. jobs data tempering expectations of…

Read More “Stock markets surge in early trade; Sensex jumps 546 points” »

Business

AI race weakens climate pledges at Google, Amazon

Posted on July 3, 2026 By admin
AI race weakens climate pledges at Google, Amazon

Google and Amazon this week reported sharp increases in greenhouse gas emissions, driven by the frantic construction of artificial intelligence infrastructure that is pushing the tech giants further from their carbon neutrality pledges. Google’s total emissions, disclosed on Tuesday, have jumped 82% since 2019, and more than 18% just last year, even though it has…

Read More “AI race weakens climate pledges at Google, Amazon” »

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