NEW DELHI: Puttting an end to his ‘big plans’ in the telecom business, Adani Group chairman Gautam Adani decided to move out of the competitive and capital-heavy sector. And, he has decided to sell the airwaves, acquired in 2022 auctions, to Bharti Airtel.Adani Data Networks acquired 400 MHz spectrum in 26GHz band for about Rs…
MUMBAI: Rallying for the fourth consecutive session, gold futures contracts expiring in August, October, and December on the Multi Commodity Exchange (MCX) topped the Rs 1 lakh/10gram mark on Tuesday. In spot markets around the country, the precious metal was trading just under that mark.The upsurge in the yellow metal’s rate came after its price…
For India, the growth outlook is relatively more stable at 6.2 percent in 2025, said IMF. (AI image) India’s GDP growth outlook for 2025 has been revised downwards to 6.2% by the International Monetary Fund (IMF) in its World Economic Outlook report for April 2025. In its January world growth outlook report, the IMF had…
Wall Street‘s main indexes rebounded on Tuesday as investors shifted their focus to corporate earnings following President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which triggered a sharp selloff in the previous session.With a wave of quarterly earnings reports being released, investors are looking for clues on how companies are handling the…
MUMBAI: Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Group’s financial services arm had posted a net profit of Rs 619 crore in the year-ago period. Its core net interest income grew 9 per cent to Rs 2,156…
US President Donald Trump fired a fresh salvo against Federal Reserve chairman Jerome Powell, escalating attacks for resisting further interest rate cuts. The clash is rattling financial markets, raising a critical question: Can Trump actually fire Powell?The answer is murky—and the implications could be huge.Under the Federal Reserve Act of 1913, members of the Fed’s…
Aerospace major Boeing announced on Tuesday that it will sell parts of its digital aviation solutions business to software-focused investment firmThoma Bravo in a deal valued at $10.55 billion.The agreement includes the sale of Jeppesen, an 81-year-old aviation navigation company that Boeing acquired in 2000. Despite the divestiture, Boeing stated it will retain its “core…
Moon Beverages, a leading Coca-Cola bottler in India and part of the diversified MMG Group, is weighing an Initial Public Offering (IPO) to fuel its ambitious growth plans, a top company executive said.According to PTI, Moon Beverages aims to double its revenue within the next three to four years, driven by increased production capacity, new…
As US-China trade tensions heat up, a new wave of patriotic investing is sweeping across China. Spurred by former President Donald Trump‘s tariff threats, everyday citizens are entering the stock market—not for profit, but to show support for their country. From designers to teachers and traders, retail investors are pouring money into sectors tied to…
The Smart Cities Mission is heading towards its 10th year anniversary, making major progress with the completion of more than 90% projects under the urban development initiative launched by PM Narendra Modi on June 25, 2015. Out of over 8,000 multi-sectoral projects worth Rs 1.64 lakh crore planned across 100 cities, 7,504 projects totalling Rs…
