A rally in Reliance Industries (RIL) shares and growing optimism over a possible rollback of long-term capital gains (LTCG) tax for foreign investors gave Dalal Street plenty to cheer about on Monday, lifting both benchmark indices nearly 2%. Buying picked up through the session, with RIL stock seeing its biggest intraday upmove since April 2020….
The Maharashtra Charity Commissioner did not propose the rule that has paralysed Sir Ratan Tata Trust (SRTT), the second-largest shareholder in Tata Sons, for nearly six months. The rule that resulted in the suspension of the trust’s board proceedings was introduced by the state government and invoked by the commissioner on 15 May this year,…
OpenAI steps up India push with focus on voice, Hindi and regional languages to widen ChatGPT access NEW DELHI: OpenAI‘s push to reach more Indians starts with how they ask a question. Users who go straight to ChatGPT’s dictation button rather than type are shaping the company’s focus on voice, Hindi and other Indian languages,…
Sitharaman calls for an amicable resolution to the Tata Trusts-Tata Sons dispute, saying the conglomerate is critical to the Indian economy and should return to normal functioning MUMBAI: Finance minister Nirmala Sitharaman said on Monday the dispute between Tata Trusts and Tata Sons should be resolved amicably, describing the salt-to-software conglomerate as a critical component…
Sitharaman says govt is open to equity market support while balancing growth and fiscal discipline MUMBAI: Finance minister Nirmala Sitharaman has said govt is mindful of concerns among retail investors and equity market participants and will consider calls for policy support to the stock market, even as it seeks to sustain economic growth above 7%.Sitharaman…
Manufacturing PMI eased to 54.7 in October from 55.1 in September as output and new orders growth moderated, while export orders recorded their fastest rise in six months. NEW DELHI: Moderation in output and fresh orders eased activity in the manufacturing sector in Oct, even as export orders rose at their fastest pace in six…
Govt to resolve bulk Scotch import tax ambiguity after industry flags concerns over impact on India-UK FTA benefits. NEW DELHI: Amid problems faced by importers of Scotch in bulk form, commerce secretary Rajesh Agrawal on Monday assured industry representatives that India will stand by its commitment under the trade agreement with the UK and ensure…
Reliance Industries shares surged nearly 12% after strong Q2 results, adding a record Rs 1.8 lakh crore to its market capitalisation and driving the Sensex up 1,233 points to a near two-month closing high above 75,000 MUMBAI: Reliance Industries‘ strong results announced on Friday evening, lifted investor sentiment on Dalal Street on Monday with the…
Anthropic, the company behind AI chatbot Claude, reported an operating loss of $567 million in the third quarter of 2026. This came just one quarter after the company reported its first-ever operating profit of $974 million. Anthropic faces rising computing costs and operating losses ahead of its planned IPO. (REUTERS) Anthropic disclosed that it has…
Sitharaman declined to comment on possible government intervention. NEW DELHI: Finance minister Nirmala Sitharama on Monday called the differences between Tata Sons and its largest shareholder, Tata Trusts, a “very delicate matter” and said both sides should resolve the dispute amicably rather than discuss it publicly.Sitharaman said resolving the matter would require business acumen and…
