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India strengthens role as design hub in global chip chain
Business

India strengthens role as design hub in global chip chain

New Delhi, March 18: India is emerging as a key player in the global semiconductor ecosystem, not because of large chip manufacturing plants, but due to its strong pool of engineering talent and growing design capabilities, a report has said.For years, countries like Taiwan and South Korea have...
Markets open higher for third straight day; IT, auto stocks gain
Business

Markets open higher for third straight day; IT, auto stocks gain

Mumbai, March 18: Equity frontline indices opened higher on Wednesday, extending gains for the third consecutive session as markets bounced back from last week’s sharp correction triggered by the West Asia conflict.Sensex opened at 76,367, up 296 points or 0.39 per cent, while the Nifty started...
Midcaps lead yearly charts as Nifty Next 50 tops February
Business

Midcaps lead yearly charts as Nifty Next 50 tops February

New Delhi, March 17: Nifty Next 50 led market gains in February, rising 2.76 per cent and posting a 22.16 per cent gain annually, while midcaps led gains yearly, a report said on Tuesday.The report from Motilal Oswal Mutual Fund said the Midcap 150 index delivered one‑year returns of 23.08 per cent,...
Oil prices surge nearly 4% amid rising West Asia tensions
Business

Oil prices surge nearly 4% amid rising West Asia tensions

New Delhi, March 16: Global oil prices rose on Monday after the United States launched strikes on military assets on Kharg Island over the weekend, escalating tensions in the Persian Gulf as the conflict entered its third week.At around 9:45 am, Crude oil futures -- specifically the US benchmark...
China fuel export halt may disrupt Australia aviation supply
Business

China fuel export halt may disrupt Australia aviation supply

New Delhi, March 14: Australia’s vulnerability to liquid fuel shortages and price spikes has intensified after reports that China has asked its oil refiners to halt fuel exports, raising concerns over aviation fuel supplies and potential disruptions to flight operations, according to a new...
Gold falls 0.73% this week as profit booking, dollar weigh
Business

Gold falls 0.73% this week as profit booking, dollar weigh

New Delhi, March 14: Gold prices dipped 0.73 per cent during the week, following bouts of profit booking after touching multi-week highs.On Friday, MCX gold February futures dipped 0.04 per cent while MCX silver March futures declined 3.24 per cent. Currently gold futures stand at Rs 1,58,400,...
India’s services exports hit 10% of GDP; trade deals boost scope
Business

India’s services exports hit 10% of GDP; trade deals boost scope

New Delhi, March 14: India’s services exports have maintained strong momentum in FY2025-26, supported by sustained global demand for Indian services and over the April-January 2025-26 period, services exports are estimated at $348.4 billion, an official factsheet said on Saturday.India’s services...
Govt plans fresh incentives for phone makers after PLI scheme ends
Business

Govt plans fresh incentives for phone makers after PLI scheme ends

New Delhi, March 13: India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.The move is expected to benefit global smartphone makers such as Apple and Samsung, which...
AI-driven operating models benefit Indian banks: Report
Business

AI-driven operating models benefit Indian banks: Report

New Delhi, March 13: Indian banks are benefiting from sustained credit growth, deeper digital public infrastructure and rapid adoption of AI‑driven operating models, and heightened regulatory focus on climate risk, cyber resilience and governance, a report said on Friday.The report from KPMG...
US waiver allows sale of nearly 20 million barrels of Russian oil
Business

US waiver allows sale of nearly 20 million barrels of Russian oil

New Delhi, March 13: The US waiver for buying seaborne Russian crude has immediately freed another 20-odd million barrels of oil on board ships which is expected to cool runaway prices that have crossed the $100 per barrel mark in the global market amid the Iran war.There are currently around...
Udyam portal sees 7.83 cr MSMEs, 34.5 cr jobs created: Minister
Business

Udyam portal sees 7.83 cr MSMEs, 34.5 cr jobs created: Minister

New Delhi, March 12: About 7.83 crore Micro Small and Medium Enterprises (MSMEs) have registered on the Udyam Registration portal since 2020, while 1.37 lakh MSMEs have shut down in the same period, constituting just 0.17 per cent of MSMEs which have been closed, the Parliament was informed on...
Gulf crisis: GAIL stops gas supply to Yelahanka power plant
Business

Gulf crisis: GAIL stops gas supply to Yelahanka power plant

Bengaluru, March 12: The Gas Authority of India Limited (GAIL) has completely stopped gas supply to the Yelahanka gas-based power plant in Bengaluru since March 12 at 6 AM, the officials in the Energy Ministry confirmed on Thursday. The 370 Mega Watt Yelahanka plant, set up by Karnataka Power...
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