Milk prices could see another increase by July Milk prices, which were already raised by 2-3 per cent in May by major dairy companies, could see another increase by July or August if El Niño conditions and a deficient monsoon worsen fodder shortages and impact milk production, according to dairy industry executives.Industry players said poor…
India is among the world’s largest economies, with its GDP nearly doubling in the last 10 years. Yet, when it comes to the strength of its passport, it doesn’t rank even among the top 50. Neither does China for that matter. The United States of America – the world’s largest economy – also sits at…
Representational image, used only for representational purpose India’s high-speed rail ambitions received a new push as the Centre has approved seven bullet train corridors across the country, promising shorter travel times between major cities and stronger rail connectivity. The seven high speed rail corridors are: Mumbai to Ahmedabad will take 1 hour 57 minutes. Mumbai…
China’s domestic economy continues to face significant headwinds despite robust export growth, with consumer spending, property activity and credit demand remaining weak, according to a recent market strategy report by Jefferies.The report said there is “a continuing lack of any evidence of a pickup in domestic demand”, underscoring persistent challenges in the world’s second-largest economy…
Accenture outlook cut sparks fresh fears over IT recovery BENGALURU: Accenture’s decision to lower its FY26 revenue growth guidance has intensified concerns over the pace of recovery in the global technology spending environment. Brokerages warn that Indian IT services companies could face a prolonged period of weak demand stretching into FY27.The Dublin-based IT services giant…
Reliance succession plan on track, enters final leg MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant –…
Sebi allows easier transfer of shares of dead investors MUMBAI: The board of Sebi on Friday decided to make it easier for transfer of securities that are in the name of deceased investors to the legal heirs and claimants by simplifying and standardising the process. It also created a new category of claimants where the…
The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…
As Jio Platforms moves ahead with what could become India’s largest-ever IPO, the company has flagged a wide range of risks spanning spectrum renewals, cybersecurity threats, artificial intelligence regulations, data privacy rules and intensifying competition that could affect its future growth and profitability.The digital services arm of Reliance Industries, led by billionaire Mukesh Ambani, filed…
The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…
