US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
I had gone to Baramati to ask about loans. I came back having done a small, accidental good.
Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
Companies are investing heavily in complex injectables, respiratory therapies and biosimilars to improve margins and diversify portfolios.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
For the Jagannath Temple in Puri, the timing of Rath Yatra is a matter of scriptural injunction rather than convenience.
Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.
Former India coach WV Raman says a fully fit Hardik Pandya could provide India the edge at the 2027 ODI World Cup, highlighting his all-round value while urging the team management to use the next 12-15 months to experiment with combinations and define player roles.
Former India captain Subrata Paul asserts that goalkeepers were instrumental in the success of teams at the recent FIFA World Cup, often outshining attacking players. He highlights specific goalkeepers like Vozinha, Unai Simon, Emiliano Martinez, and Thibaut Courtois for their exceptional performances and discusses the evolving role of modern goalkeepers in tactical play.
The Odyssey has begun its journey, and Mumbai was fortunate to be to be among its earliest chapters, Mayur Sanap documents the film's premiere in the city.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Leading Fast-Moving Consumer Goods (FMCG) companies in India are expressing strong optimism for the current fiscal year, anticipating robust consumption trends, significant growth, and improved profit margins. This positive outlook is largely driven by resilient demand and the expected easing of elevated input costs, despite ongoing inflationary pressures and potential weather volatility.
Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.
'The main problem the country faces is not low GDP growth, but low employment growth.'
Info Edge (India), the company behind Naukri.com, has seen its startup investment portfolio, spanning AI, deeptech, and consumer tech, grow to Rs 41,300 crore from an investment of Rs 4,900 crore since 2007. This significant valuation increase comes despite headwinds in its core recruitment business, which has been impacted by weak hiring trends and IT sector uncertainty.
Bhanu Iyer from Bengaluru tells us about the simple habits and values that helped her marriage celebrate 15 years.
Switzerland will host the next global AI summit in June 2027 in Geneva, aiming to establish stable processes for AI governance and promote its responsible use. Building on previous summits, including one in New Delhi, the event will focus on AI as a driver of prosperity and human-centred innovation, bringing together governments, organisations, and civil society to address global challenges.
International mutual fund schemes have seen a significant resurgence in investor interest, attracting approximately Rs 7,600 crore in net inflows over the past year, a stark reversal from previous outflows, driven by their strong outperformance against domestic markets and limited AI-linked investment opportunities in India.
Google has challenged a Delhi High Court single-judge bench ruling that held it liable for trademark infringement by allowing competitors to bid on and use the 'Hindware' trademark as keywords in its Google Ads programme. Google argues that keyword bidding promotes competition and is a globally accepted norm, citing previous rulings that allowed the practice. The tech giant contends that the Trade Marks Act does not distinguish between coined and generic words for such infringements.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Heavy rainfall in Maharashtra's Raigad district caused severe waterlogging on the Mumbai-Goa highway, leading to traffic standstills, diversions, and thousands of commuters being stranded. A 'red' alert has been issued for the district, and inadequate drainage infrastructure is being blamed for the recurring flooding.
Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.
Avoid builders with very large commitments.
WhatsApp is finally letting you hide your phone number behind a custom username. While it's a massive win for privacy, cybersecurity experts warn it could unleash a wave of identity scams. Here is what you need to know.
Prime Minister Narendra Modi on Tuesday interacted with government secretaries and discussed with them on two key issues -- deregulation and other reforms for 'ease of doing business' and 'ease of living' and promoting 'Aatmanirbharta'.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
The best addresses to see chocolate being made.
'Only the Dalai Lama could have kept the Tibet issue alive the way he did.'
Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.
Kumar Mangalam Birla urged young people to 'build in India, build for India and build for the world'.
Sanju Samson has been dropped from the Indian T20I squad for the upcoming series against Zimbabwe, making way for Punjab Kings' wicketkeeper-batter Prabhsimran Singh.
Former US President Donald Trump lauded Prime Minister Narendra Modi as a 'great leader' and 'tough guy' who has been in power for over 12 years, placing him alongside China's President Xi Jinping as leaders he admires for their power and ability to execute.
The India-Oman free trade agreement, operationalised on June 1, is set to create significant export opportunities for India's labour-intensive and value-added sectors, including textiles, gems and jewellery, and marine products, while also strengthening energy security.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
Meta-owned WhatsApp has submitted its reply to the government's notice on the "username" feature and the response is being examined, sources said on Thursday.
