Category: Business

Business

Nirav Modi must pay up over $11 million to Bank of India, U.K. court rules

June 24, 2026 admin

Nirav Modi must pay up over million to Bank of India, U.K. court rules

Fugitive diamond merchant Nirav Modi is liable to pay Bank of India over $11.5 million, including accruing interest on a personal loan guarantee, the High Court in London has ruled. Also Read: PNB-Nirav Modi case | Chronology of events The 55-year-old jeweller, who remains in prison fighting extradition to India in a separate $2 billion…

Business

Rupee rises 11 paise to close at 94.65 against U.S. dollar

June 24, 2026 admin

The rupee opened at 94.88 and traded in the range of 94.59-94.93 during the day. It settled at 94.65 (provisional), up 11 paise from its previous close. File | Photo Credit: Getty Images/iStockphoto The rupee appreciated by 11 paise to settle at 94.65 (provisional) against the U.S. dollar on Wednesday (June 24, 2026) on the…

Business

Markets rebound on softening crude oil prices; Sensex jumps 790 points

June 24, 2026 admin

Benchmark equity indices Sensex and Nifty rebounded sharply by around 1% on Wednesday (June 24, 2026), propelled by softening crude oil prices and hectic buying in bank, financial and IT shares. Besides, growing expectations of an India-U.S. trade deal and foreign funds turning net buyers in the domestic market supported the firm trend in equities,…

Business

Jonnagiri: India’s largest private gold mine set to yield a tonne of gold a year

June 24, 2026 admin

The Jonnagiri gold mine in Kurnool, which Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated on Wednesday (June 24, 2026), is India’s largest private gold mine and, for now, its only operating one. It is expected to produce about 400 kg of gold in 2026-27 and to climb towards a tonne a year. Spread across…

Business

Adani Group to outsource non-core activities or move to GCCs: Gautam Adani

June 24, 2026 admin

The Adani Group is taking three foundational steps to build the organisation that will execute its vision over the next decade, including moving non-core activities to its Global Capacity Centres (GCCs) or third parties, said Chairman Gautam Adani while addressing shareholders at Adani Enterprises Ltd’s Annul General Meeting on Wednesday (June 24, 2026). “Firstly, we are simplifying the…

Business

Stock markets rebound in early trade on softening crude oil prices

June 24, 2026 admin

FILE PHOTO: Men walk past a screen displaying market results outside the Bombay Stock Exchange (BSE) in Mumbai, India, April 7, 2025. REUTERS/Francis Mascarenhas TPX IMAGES OF THE DAY/File Photo | Photo Credit: FRANCIS MASCARENHAS Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (June 24, 2026) after falling sharply in the previous…

Business

Rupee falls 10 paise to 94.86 against U.S. dollar in early trade

June 24, 2026 admin

Image for representational purposes only. File | Photo Credit: Reuters Rupee declined 10 paise to 94.86 against the U.S. dollar in early trade on Wednesday (June 24, 2026) as the greenback continued to gain in strength. However, sharp decline in global crude oil prices and FII inflows supported the local unit to prevent a sharper…

Business

Infosys positioned to tap into an AI opportunity worth up to $400 billion by 2030: Nandan Nilekani

June 23, 2026 admin

Infosys positioned to tap into an AI opportunity worth up to 0 billion by 2030: Nandan Nilekani

Nandan Nilekani, Chairman, Infosys. File. | Photo Credit: S.R. RAGHUNATHAN Infosys was already collaborating with 90% of its top 200 clients on their AI journeys, as the industry was going through a major technology transition, and this has positioned Infosys well to tap into an AI-first services opportunity of $300 to $400 billion by 2030, Infosys Chairman…

Business

Evident distress: On a war, Index of Eight Core Industries data, indicators

June 23, 2026 admin

As the resolution process of the West Asia crisis drags on, an increasing number of economic metrics are exposing key weaknesses in the Indian economy. Many of these existed before the crisis broke out in late February and are now becoming apparent as the economy faces stress. The latest data on the Index of Eight…

Business

Square Yards becomes Unicorn with ₹900 crore funding, plans IPO

June 23, 2026 admin

Real estate consultant Square Yards on Tuesday (June 23, 2026) said it has raised ₹900 crore from investors to grow its business and refinance debt. Sources said the ₹900 crore ($95 million) funding includes around one-third equity and two-thirds debt, at a valuation of more than $1 billion, thereby helping the company achieve unicorn status….

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