Forex reserves shrink in October NEW DELHI: India’s foreign exchange reserves took a hit in the week ended October 30, falling by $2.691 billion to $717.056 billion, according to the latest data released by the Reserve Bank of India (RBI) on Friday.The decline was largely driven by a drop in two key components of the…
OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter. The funding was wired to the company as of Friday, said the people, who spoke on condition of anonymity as the information is not public….
Republicans lose US midterm despite record spending The 2026 US midterm elections saw record campaign spending, with Republicans spending a whopping 60% more than Democrats but still lost seven stronghold seats.The results also reflected growing opposition to data centre projects and a shift in Latino voters’ support towards Democrats. The party won both chambers of…
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,…
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…
Kleros says Singapore court has ordered authorities to take action in $650Mn awardMUMBAI: Tata Power’s legal battle with Kleros Capital Partners, a British Virgin Islands-incorporated resource and infrastructure investment firm, has taken a significant turn after a Singapore court authorised the seizure and sale of shares held by the Tata Group utility in two of…
NEW DELHI: India is looking to attract at least three large semiconductor equipment makers and five major suppliers of chemicals and gases under Semicon 2.0. Union electronics and IT minister Ashwini Vaishnaw said he would judge the programme’s success by whether India could bring those companies in.He described the target as ambitious, saying the precision…
