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Image for representation | Photo Credit: Reuters The rupee declined 11 paise to 87.36 against the U.S. dollar in early trade on Friday (August 22, 2025) amid a rise in dollar demand. However, positive FII inflows and a decline in crude oil prices prevented sharper losses in the local unit as traders awaited US Fed…
Read More “Rupee declines 11 paise to 87.36 against U.S. dollar in early trade” »
Representational image of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices declined in early trade on Friday, after about a week-long rally, dragged by IT and bank stocks. The BSE Sensex declined 262.05 points to 81,738.66 in early trade. The 50-share NSE Nifty dropped 81.55 points to 25,002.20….
Read More “Stock markets decline in early trade halting 6-day rally; IT, bank stocks drag” »
The move marks the firm’s first major entry — following visits by CEO Sam Altman as part of a series of blitz Asia tours — into what is shaping up to be among its largest markets by population. File | Photo Credit: Reuters ChatGPT maker OpenAI will open its first office in India in New Delhi,…
Read More “OpenAI establishes Indian unit, plans to open office in New Delhi” »
The move marks the firm’s first major entry — following visits by CEO Sam Altman as part of a series of blitz Asia tours — into what is shaping up to be among its largest markets by population. File | Photo Credit: Reuters ChatGPT maker OpenAI will open its first office in India in New Delhi,…
Read More “OpenAI establishes Indian unit, plans to open office in New Delhi” »
This comes as Chinese authorities last week summoned domestic companies, including major internet firms Tencent and ByteDance, over their H20 chip purchases [File] | Photo Credit: REUTERS Nvidia has told some component suppliers to suspend production of its H20 AI chip, designed specifically for the Chinese market, the Information reported on Thursday, citing two people…
Read More “Nvidia orders suppliers to halt work on China-focused H20 AI chip: Report” »
Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks…
Read More “U.S. tariff impact: India sees Asia’s biggest earnings downgrades” »
Image used for representative purpose only. | Photo Credit: K.R. Deepak India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on…
Read More “India business activity fastest in at least two decades, price rises sharp, PMI shows” »
Union Minister for Coal and Mines, Kishan Reddy, launched the 13th round of commercial coal mine auctions in New Delhi on August 21, 2025. Photo: X/@kishanreddybjp Seeking wider stakeholder participation with the Government, Union Coal Minister G. Kishan Reddy said it is high time that coal production in India is increased. Launching the 13th round…
Read More “High time to increase production of coal, says Union Minister Kishen Reddy” »
The DTS unit would bring to Wipro a robust foundation in digital engineering and ER&D, with strengths spanning domain-led design, connected products, and software platforms, says Wipro. | Photo Credit: Reuters Wipro Limited, Asim Premji-Promoted tech firm based in Bengaluru, has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of…
Read More “Wipro to acquire a Samsung-owned tech firm, in a cash deal of $375 million” »
The DTS unit would bring to Wipro a robust foundation in digital engineering and ER&D, with strengths spanning domain-led design, connected products, and software platforms, says Wipro. | Photo Credit: Reuters Wipro Limited, Asim Premji-Promoted tech firm based in Bengaluru, has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of…
Read More “Wipro to acquire a Samsung-owned tech firm, in a cash deal of $375 million” »