Category: Business

Business

Services PMI at 11-month low in December on lower new orders and output

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Services PMI at 11-month low in December on lower new orders and output

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Expansion in India’s services sector slowed to a 11-month low in December 2025 due to slackening new work orders and output, according to a private sector survey. The HSBC India Services PMI Business Activity Index, which seeks to determine how the level of business…

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No Russian oil expected in January, none come in the last three weeks: Reliance Industries

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No Russian oil expected in January, none come in the last three weeks: Reliance Industries

Reliance Industries’ Jamnagar refinery, the largest in the world, is not expected to receive any oil from Russia in January 2026, and did not receive any Russian oil in the last three weeks, the company said | Photo Credit: Reuters Reliance Industries’ Jamnagar refinery, the largest in the world, is not expected to receive any…

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Stock markets trade lower in early trade as selling in Reliance Industries, HDFC Bank dents sentiment

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Stock markets trade lower in early trade as selling in Reliance Industries, HDFC Bank dents sentiment

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early trade on Tuesday (January 6, 2026), dragged by heavy selling in blue-chips Reliance Industries, HDFC Bank, and worries over fresh warning from the U.S. to further raise tariffs against India. The 30-share BSE Sensex…

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Mercedes to offer autonomous driving tech for U.S. city streets

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Mercedes to offer autonomous driving tech for U.S. city streets

Mercedes’ system, called MB.DRIVE ASSIST PRO, has been on sale in China since late last year [File] | Photo Credit: REUTERS Mercedes-Benz said on Monday it will launch a new advanced driver-assistance system in ‍the United States later this year that lets its vehicles operate autonomously ​on city streets under driver supervision. The system, which…

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Business

Rupee rises 18 paise to 90.12 against U.S. dollar in early trade

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Rupee rises 18 paise to 90.12 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee rose 18 paise to 90.12 against the U.S. dollar in early trade on Tuesday (January 6, 2026) on the back of a weaker greenback and a dip in global crude oil prices. However, U.S. President Donald Trump’s remarks on tariffs on India,…

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Business

Nvidia unveils new AI chip platform amid rising competition

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Nvidia unveils new AI chip platform amid rising competition

Since ChatGPT’s release in 2022, Nvidia has been updating its product line at a furious pace [File] | Photo Credit: REUTERS AI juggernaut Nvidia unveiled its latest AI platform on Monday, as the world’s most valuable company works to maintain its leadership in supplying the chips that power the artificial intelligence revolution. The California-based company…

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Business

IndusInd Bank posts sequential decline in loans for fourth straight quarter

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IndusInd Bank posts sequential decline in loans for fourth straight quarter

IndusInd Bank has been under pressure since disclosing a $230 million hit in the ‌year ended March 31, 2025 ‌due to misaccounting in internal derivative trades. File. | Photo Credit: Reuters  IndusInd Bank on Monday (January 5, 2026) reported a sequential decline ‍in loans for a fourth ​straight quarter, reflecting continued pressure on the ‌private…

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Business

Waaree Energy Storage Solutions raises ₹1,003 crore

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Waaree Energy Storage Solutions raises ₹1,003 crore

Waaree Energies on Monday (January 5, 2026) said that its arm Waaree Energy Storage Solutions raised ₹1,003 crore from a cluster of strategic investors, including family offices, high-net-worth individuals, and institutional backers. The latest fundraise is part of the ₹10,000-crore capital expenditure plan aimed at setting up of a 20 GWh advanced, lithium-ion cell and…

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Business

Supreme Court grants relief to Adani Power, sets aside customs duty on SEZ electricity

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Supreme Court grants relief to Adani Power, sets aside customs duty on SEZ electricity

Adani Power operates a coal-based thermal power plant within the Mundra SEZ in Gujarat’s Kutch district, with an installed capacity of 4,620 MW.  | Photo Credit: Reuters In a relief to Adani Power Limited, the Supreme Court on Monday (January 5, 2025) held that customs duty cannot be imposed on electricity supplied from a Special…

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