Category: Business

Business

Global firms bring more work in-house at India hubs on AI boost

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Global firms bring more work in-house at India hubs on AI boost

Global companies are bringing more work in-house at their India cost centres as AI boosts productivity and reduces reliance on outsourcing partners, ​executives at a Reuters summit in Bengaluru said. The shift reflects a structural change in ‌how multinationals use their India operations, moving beyond cost-focused support roles to centres ​that own core functions such…

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Forex reserves can be used when sentiments pull INR down: Experts

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Forex reserves can be used when sentiments pull INR down: Experts

Image used for representational purposes. File | Photo Credit: Reuters Foreign exchange reserves in India can be used to cool down the volatility in the rupee as it is episodic and not structural, said experts while speaking at a panel at the Debt Market Summit 2025. “We earn foreign exchange reserves from excess FPI that…

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Business

Rupee falls 47 paise to close at 95.73 against U.S. dollar

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Rupee falls 47 paise to close at 95.73 against U.S. dollar

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 47 paise to close at 95.73 (provisional) against the U.S. dollar on Tuesday (May 26, 2026), on renewed geopolitical tensions in West Asia and a rise in crude oil prices. Forex traders said a strong U.S. dollar and weak domestic markets…

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Coal India Limited allays coal shortage fears, says 168 MT buffer available to meet rising demand

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Coal India Limited allays coal shortage fears, says 168 MT buffer available to meet rising demand

Coal India accounts for over 80% of domestic coal output. File (representational image) | Photo Credit: The Hindu State-owned Coal India Limited (CIL) on Tuesday (May 26, 2026) allayed fears of coal shortage, saying it has built up a buffer of 168 million tonnes (MT) to meet increased demand during the summer season. The company…

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Business

SEBI plans pilot project for tokenisation of corporate bonds, rollout may take 6-9 months

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SEBI plans pilot project for tokenisation of corporate bonds, rollout may take 6-9 months

SEBI Chairman Tuhin Kanta Pandey. File | Photo Credit: Emmanual Yogini Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey on Tuesday (May 26, 2026) said the SEBI has decided to launch a pilot project for tokenisation of corporate bonds using Distributed Ledger Technology (DLT), with implementation expected to take around six to…

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Business

Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty

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Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty

A drone view shows vessels sailing through the Strait of Hormuz, as seen from Musandam, Oman. File | Photo Credit: Reuters Brent crude oil rose 3% on Tuesday (May 26, 2026) after the U.S. ​military carried out strikes in Iran, adding to uncertainty on whether ⁠a deal will be imminently reached to end the war…

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Business

Ferrari unveils Luce, first fully electric car

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Ferrari unveils Luce, first fully electric car

Ferrari’s first fully electric car “Luce” | Photo Credit: via Reuters Italian luxury carmaker Ferrari has unveiled its first fully electric model, the Luce, belatedly joining rivals like Porsche and Lamborghini to offer clean-energy driving thrills. The Luce — Italian for “Light” — has a top speed of over 310 kilometres per hour (190 mph)…

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Business

Union Budget 2024: Finance Minister Nirmala Sitharaman announces special schemes for Bihar

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Union Budget 2024: Finance Minister Nirmala Sitharaman announces special schemes for Bihar

Union Finance Minister Nirmala Sitharaman on July 23 announced several schemes for Bihar in her Budget 2024 speech. The schemes are a part of a larger plan titled “Purvodaya”, which covers the all-round development of eastern States including Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh. The government will support the development of an industrial…

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Business

Adani Green Energy commissions 3.37 GWh battery-energy storage system in Gujarat’s Khavda

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Adani Green Energy commissions 3.37 GWh battery-energy storage system in Gujarat’s Khavda

Adani Green Energy commissions the world’s largest single-location battery energy storage system of 3.37 GWh. Photo: Special Arrangement Adani Green Energy informed on Tuesday (May 26, 2026) that it has commissioned 3.37 Gigawatt-hour (GWh) battery energy storage system in Gujarat’s Khavda. The deployment is inclusive of the 1.37 GWh capacity it had commissioned in March…

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