India’s renewable energy push could save $240 billion India’s shift towards renewable energy could help it save billions on fuel imports, while making the country less dependent on global energy markets.The transition could bring cumulative savings of nearly $240 billion on coal and natural gas imports by 2030, according to the International Energy Agency (IEA).As…
FIIs pour in Dalal Street after global AI stocks tumble NEW DELHI: Foreign portfolio investors (FPIs) have invested Rs 38,971 crore in Indian equities this week, as a sharp fall in global technology stocks flipped investment trends.Concerns over heavy spending on artificial intelligence (AI) and a possible slowdown in data centre investments have triggered selling…
Berkshire Hathaway’s profit falls 28% Berkshire Hathaway reported a more than 28% decline in its third-quarter profit, with weaker performance at its insurance businesses and changes in the value of its investments weighing down the results.The conglomerate posted a profit of $22.1 billion, or $15,502 per Class A share, compared with $30.8 billion, or $21,413…
Samvat 2083: What’s next for investors? NEW DELHI: Diwali is here, and investors are looking ahead to Samvat 2083 with one key question: what lies ahead for Dalal Street in the new year? While India’s domestic growth outlook remains encouraging, global uncertainties and market volatility could keep investors on their toes. Market participants are therefore…
Angan Guha, president and CEO ofAmericas 2 Strategic Market at Wipro BENGALURU: Wipro has appointed Angan Guha as president and CEO of its Americas 2 Strategic Market Unit, effective Dec 8. He will report to Wipro CEO Srini Pallia and join the company’s executive leadership team. Guha will focus on strengthening Wipro’s business across banking,…
BENGALURU: Bosch reported a 19% year-on-year increase in consolidated net profit at Rs 840 crore for the Sept quarter of FY27, driven by strong demand across automotive segments and the inclusion of Bosch Chassis Systems India in its consolidated results for the first time. Consolidated revenue from operations rose 28.2% to Rs 7,655 crore, compared…
NEW DELHI: Sales of air purifiers are witnessing a sharp jump as pollution levels worsen across the country, even as the onset of winter spurs demand for other seasonal appliances including room heaters, geysers and electric kettles. Air-purifier sales on Amazon doubled over the past week alone, while those across e-commerce platforms grew 1.4 times…
NEW DELHI: Electronics and IT minister Ashwini Vaishnaw called on social media platforms to take greater responsibility for the content they carry, pressing them to explain how their algorithms work, protect children from harmful content and give users a better way to resolve complaints.Asked whether govt was considering withdrawing safe-harbour protection for social media companies,…
India-UK Free Trade Agreement (FTA) NEW DELHI: The British High Commission in India marked Diwali by highlighting the landmark India-UK Free Trade Agreement (FTA), saying the deal has given the two countries more reasons to celebrate and expressing optimism about the future of their partnership.In a post on X, the High Commission said this year’s…
NEW DELHI: ONGC’s overseas investment arm ONGC Videsh (OVL) is exploring the possibility of securing operatorship rights for two Venezuelan oil projects – San Cristobal and PetroCarabobo — and is in advanced talks with the Venezuelan govt and US authorities.During an analyst call following its Q2 financial results, the company said the arrangement is likely…
