Category: Business

Business

FPI selling spree continues, pull out ₹49,340 crore in June

July 2, 2026 admin

Image used for representational use only. | Photo Credit: Getty Images/iStockphoto Foreign investors extended their selling spree in June, withdrawing ₹49,340 crore ($5.16 billion) from Indian equities, triggered by a combination of early-month global risk aversion, a preference for developed markets, soaring U.S. bond yields, and stretched valuations in the domestic market. With the latest…

Business

Amazon vows action against its delivery partner after Uttarakhand fire probe concludes

July 2, 2026 admin

Amazon has said the safety and wellbeing of its workers is its top priority. Representational file image. | Photo Credit: Reuters Amazon said on Thursday (July 2, 2026) it will take “appropriate action” against a third-party delivery partner in India once a police investigation into a fire that killed ‌two workers concludes. Amazon, one of…

Business

TVS Motor June sales jump 47% to 5.9 lakh units compared to last year

July 2, 2026 admin

Total two-wheelers sales, including moped, registered a growth of 47% at 5,65,417 units in the previous month as against 3,85,698 units in June 2025. File TVS Motor Company on Thursday (July 2, 2026) reported a 47% year-on-year increase in total sales to 5,90,003 units in June 2026, compared with 4,02,001 units in the same month…

Business

Adani Enterprises, UAE’s IHC to invest ₹1.08 lakh crore in Odisha aluminium project

July 2, 2026 admin

Adani Enterprises and IRH, together with the Government of Odisha, will advance the next phase of the project, including land acquisition, statutory approvals and infrastructure planning. | Photo Credit: Reuters Adani Enterprises and UAE’s International Holding Company (IHC) Group signed a Memorandum of Understanding (MoU) on Thursday (July 2, 2026) to form a 50:50 joint venture…

Business

Rupee rises 26 paise to 94.90 against US dollar in early trade

July 2, 2026 admin

At the interbank foreign exchange market, the rupee opened at 94.95, then touched 94.90 against the U.S. dollar, registering a gain of 26 paise from its previous close. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 26 paise to 94.90 against U.S. dollar in early trade on Thursday (July 2, 2026), supported by easing crude…

Business

How is Apple affected by a data breach at Tata Electronics?

July 2, 2026 admin

The story so far: Tata Electronics is beefing up its cybersecurity defences after cybercriminals accessed confidential data linked to Apple and Tesla, and then leaked them on the dark web, per a Reuters report. Following the incident, the Apple supplier has reportedly restricted internal access to ‌sensitive systems, informed its clients, brought in a forensic…

Business

Sri Lanka upgraded to upper-middle income economy by World Bank

July 2, 2026 admin

The reclassification indicates the progress made since then under a far-reaching economic stabilisation effort backed by the International Monetary Fund. File | Photo Credit: Getty Images/iStockphoto The World Bank has upgraded Sri Lanka’s status to an upper-middle-income economy, three years after the island nation faced the worst economic crisis, which pushed the country to the…

Business

High voltage power conductor demand surges as load increases; local firms gear up with tech tie-ups

July 2, 2026 admin

The high-capacity conductors have capability to carry about four times the load taken by conventional likes without replacing the transmission towers. File photo for representational purposes only. | Photo Credit: The Hindu With large-scale thermal and renewable energy being generated in India, the demand for high-capacity conductors, and specialised cabling to evacuate power from solar and…

Business

National Stock Exchange of India public authority under RTI Act, says Delhi HC

July 1, 2026 admin

A man walks inside the National Stock Exchange (NSE) in Mumbai. File. | Photo Credit: Reuters The Delhi High Court on Wednesday (July 1, 2026) held that the National Stock Exchange of India (NSEI) is a ‘public authority’ under the Right to Information Act. A bench of Justice C. Hari Shankar and Justice O.P. Shukla…

Business

Russia buys gasoline from India to tackle shortages, sources say

July 1, 2026 admin

Gasoline consumption in Russia is at least 1,10,000 tons per day in summer, ‌when demand for fuel is high. File. | Photo Credit: Reuters Russia has started seaborne imports of gasoline from India, two industry ‌sources said on Wednesday (July 1, 2026), in an effort to mitigate fuel shortages triggered by Ukrainian attacks on its…

Business