Penalty tariffs by the US would mean that Russia’s crude oil imports would no longer be a lucrative option for India. US President Donald Trump’s fresh threat of 100% secondary tariffs on countries trading with Russia poses an important question – will India’s crude oil supply be hit? At present, India and China are the…
Wipro representative image IT major Wipro reported a 9.8% year-on-year increase in consolidated net profit to Rs 3,336.5 crore for the June quarter (Q1 FY25), as per its regulatory filing released on Thursday. In the same quarter last year, the company had posted a profit of Rs 3,036.6 crore.Wipro’s consolidated revenue from operations stood at…
The US Federal Communications Commission (FCC) announced on Wednesday that it plans to introduce new rules to block companies from connecting undersea communication cables to the United States if they include Chinese technology or equipment.“We have seen submarine cable infrastructure threatened in recent years by foreign adversaries, like China,” FCC Chair Brendan Carr said in…
Top executives at India’s private banks saw only modest increases in their FY25 pay packages, as the Reserve Bank of India maintained strict oversight on CEO compensation, with salaries, bonuses, and stock options requiring prior regulatory approval as part of a wider effort to ensure transparency and restraint, according to an ET report.Here is how…
The Unique Identification Authority of India (UIDAI) is taking steps to bolster the offline Aadhaar-based identity verification process, aiming to make it more secure, user-friendly, and widely adopted across financial and fintech services, as per two senior bankers. What is the key objective? The key objectives of UIDAI’s latest move are to allow Aadhaar-based KYC…
Over the upcoming 2 decades, Andhra Pradesh might evolve into a $2 trillion state economy! A state taskforce led by CM N Chandrababu Naidu has laid out a roadmap to turn the state into a $2.4 trillion economy by 2047. The taskforce is co-chaired by Tata Sons chairman N Chandrasekaran and includes top industry leaders.Naidu…
Trump has threatened 100% tariff on Russian exports, including oil, alongside equivalent secondary charges for nations importing Russian good. Oil Minister Hardeep Singh Puri is confident that if crude oil imports from Russia face sanctions or secondary tariffs by NATO and the US, India is capable of meeting its energy requirements. Since February 2022, Indian…
Justice Purushaindra Kumar Kaurav directed Wipro to remove the unfounded stigmatic comments about the former employee’s professional conduct. Wipro, India’s major IT services company, has been asked by Delhi High Court to pay Rs 2 lakh to a former employee, alleging ‘character assassination’. The court has issued a defamation ruling against Wipro regarding a contentious…
India shall host this year’s summit of the four-nation Quad alliance, which includes the United States, Australia and Japan. (AI image) India-US trade deal: As part of the ongoing trade deal negotiations with the US, India appears to be open to imports of some genetically modified agriculture products that are used for animal feed. India’s…
Market experts anticipate consolidation with an upward trend, backed by better rural and healthcare performance. Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started Thursday’s trading session on a flat note. While Nifty50 was near 25,200, BSE Sensex was around 82,600. At 9:21 AM, Nifty50 was trading at 25,205.55, down 7…
