Category: Business

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Unlisted loss making firms make presentation before Tata Sons board

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Unlisted loss making firms make presentation before Tata Sons board

Media personnel outside Bombay House, the headquarters of the Tata Group, on May 26, 2026, as a board meeting is underway. | Photo Credit: Special Arrangement The chief executives of highly loss making unlisted companies of Tata Group including Air India Ltd, Tata Electronics, that houses the semiconductor business and Tata Digital on Tuesday (May…

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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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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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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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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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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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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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