Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
MUMBAI: Nvidia, the global US-based chip giant that’s at the forefront of the ensuing AI revolution across the world, now has a market capitalisation more than the total market cap of all the companies listed in India. Compared to the company’s valuation of $4.91 trillion during opening trades on Friday, India’s was at $4.88 trillion…
NEW DELHI: Apple’s India business is accelerating across categories, with the company reporting double-digit growth in iPhone, iPad and Mac during its latest quarter. Highlighting the momentum, CEO Tim Cook told analysts during the company’s earnings call that he is “over the moon excited about India,” indicating the market’s growing importance even as global demand…
NEW DELHI: India’s passenger vehicle market opened the new fiscal on a strong note, with April sales estimated at around 4.5 lakh units, marking a roughly 27% increase over 3.5 lakh units in the same month last year. The growth was led by strong performances across major automakers and sustained demand for utility vehicles.Maruti Suzuki…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
MUMBAI: Bank credit growth in FY26 was led by services and retail segments, with non-food credit expanding by Rs 29.2 lakh crore, driven largely by lending to NBFCs, housing, and gold-backed loans, according to sectoral data.Services and personal loans together accounted for over two-thirds of incremental credit. Services saw an addition of Rs 9.7 lakh…
NEW DELHI: RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.At a conference organised by the Isaac Centre for…
NEW DELHI: While acknowledging possible stress due to the West Asia conflict , expenditure secretary Vumlunmang Vualnam Friday said that the Centre will prioritise capital expenditure and seek to ensure that the entire allocation for public spending is utilised.“The fiscal stress is indeed very much a reality, but at the same time… the capex will…
Jane Street Group’s journey to the top of Wall Street has been a lucrative ride for its workforce. The firm doled out $9.38 billion in compensation last year — more than double the amount in 2024 — as the market maker vaulted past its biggest Wall Street rivals, according to people familiar with the matter…
Elon Musk sparred with lawyers for a third day Thursday at his California trial against OpenAI, struggling to explain why his own for-profit AI empire differs from the one he is trying to take down.“Few answers are going to be complete, especially when you cut me off all the time,” the visibly irritated multi-billionaire said…