MUMBAI: Raymond, which has shed its apparel and real estate businesses through a series of demergers, is in talks to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and others, people familiar with the matter said.If completed, the deal would mark Raymond’s first overseas acquisition since its 2024 restructuring and would…
BENGALURU: Infosys sees a $300-$400 billion opportunity in AI-led services by 2030 and believes the technology will amplify, rather than diminish, the role of IT services companies, chairman Nandan Nilekani said on Tuesday.“AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” Nilekani told shareholders at…
MUMBAI: A massive slide in tech-heavy Korean stock market on Tuesday, which followed the overnight sell-off in US tech stocks, pulled sensex down by nearly 900 points to 76,201 points. However, despite the day’s tech-led sell-off, foreign funds were net buyers, something that market players said was a positive sign.The day’s session started on a…
BENGALURU: IPO-bound real estate and mortgage platform Square Yards has raised Rs 900 crore through a mix of debt and equity, catapulting it into the unicorn club as it gears up for a public listing. The funding round was anchored by real estate investment firm EAAA Alternatives, with participation from global corporate credit manager Muzinich…
Iran hopes to make the most of the temporary reprieve that could allow it to restart exports. (AI image) With the Donald Trump administration announcing a 60-day waiver for Iran’s petroleum products, Tehran is reportedly rushing to sell oil to some of Asia’s biggest crude buyers, including India.For years, sanctions restrictions forced Iran to direct…
Wall Street began the day on a weak note on Tuesday with benchmark indices plunging in red. The stocks came under heavy pressure as the broad sell-off in technology shares deepened, with the Nasdaq Composite falling more than 2% in early trading and futures signalling further declines ahead of the opening bell.Around 7:30 pm IST,…
AI generated image, used only for representational purpose The Hormuz crisis, which disrupted global energy flows for more than 100 days, has raised questions over India’s ability to diversify fuel supplies beyond the Strait and the Middle East. India’s energy sector is closely monitoring the situation, with the Middle East continuing to remain the country’s…
The $100-million-plus CEO is back with a bang, just a year after nine-figure pay packages seemed to be fading. More U.S. CEOs last year crossed the once-rare pay threshold than in any year since 2021—and nearly a dozen topped $200 million. (Unsplash) More U.S. CEOs last year crossed the once-rare pay threshold than in any…
New chip-supply deals and cheerleading from President Trump are giving Intel momentum it hasn’t had in years. But the recent jump in the company’s stock belies years of technical missteps that investors shouldn’t be quick to forget. Intel expands its AI and data centre portfolio with new chips and networking solutions. (Intel) Excitement about Intel…
AI generated image, used only for representational purpose The South Korean stock market went from record highs to a sharp sell-off, with the benchmark Kospi tumbling as low as 10% on Tuesday. The drop came as investors rushed to sell chip stocks over fears of excessive speculation. Kospi ended the day at 8,203.84, down 910.71…
