India will also become a larger global manufacturing and export hub, with Stellantis planning to produce left-hand-drive vehicles locally for overseas markets, expanding its reach to more than 50 countries. NEW DELHI: Automaker Stellantis plans to invest another Rs 4,000 crore in India over three years, starting 2027 as it looks to revive the fortunes…
Starlink says it is ready to bring high-speed internet to India, after Reliance welcomed competition in satellite communications amid Elon Musk’s allegations of obstruction. NEW DELHI: Starlink has said it is ready to connect India with high-speed internet, responding to Reliance Industries’ statement that it welcomes competition in satellite communications, provided all players follow Indian…
US annual budget gap touches $2 trillion The US government spent nearly $2 trillion more than it collected in the 2026 fiscal year, widening its budget deficit to the higest in five years. Higher debt payments, tariff refunds and increased spending on social benefits and defence contributed to the rise.The shortfall increased by $217 billion…
Trump announced the waiver just days before several provisions of the legislation were due to take effect. In what is being seen as a big relief for India and China, US President Donald Trump has waived sanctions, restrictions and duties provided for under the Sanctioning Russia and Iran Act, citing the national interest of the…
He oversaw the turnaround, which included govt pumping in around Rs 25,000 crore between 2010 and 2020, as well insolvency law-driven clean-up NEW DELHI: Rakesh Sharma, the low-profile managing director and CEO of IDBI Bank, who will lead the transition at the once formidable development financial institution, will go down as one of the longest…
Oil prices hold near $105 per barrel Oil prices fell slightly on Friday as investors weighed rising tensions in the Middle East against the possibility of the US easing restrictions on ships carrying oil from sanctioned countries. Brent crude stood at $105.40, a decline of 0.52% while WTI crude was trading at $97.31, down 66…
Top stocks to buy or sell today on October 16, 2026 Stock market recommendations: Aarti Industries, and Blue Star are the top stocks to buy today on October 16, 2026 as picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. The analyst has also identified Craftsman Automation as a sell call. Below…
Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter. Tech Mahindra, along with other IT stocks helped domestic equity…
In the case of gold jewellery, CBDT Instruction No. 1916 sets out indicative quantities that may be considered while deciding whether jewellery should be seized. How much gold and silver can you legally keep at home? Is there a legal limit? There is no legally prescribed upper limit on the quantity of gold or silver…
Jefferies estimates marketing losses of Rs 26 per litre on petrol and Rs 30 on diesel NEW DELHI: Selling petrol and diesel has become increasingly costly for India’s oil marketing companies (OMCs). A Jefferies report estimated that they are losing Rs 26 on every litre of petrol and Rs 30 on diesel as the Middle…
