MUMBAI: Reliance Industries on Thursday said that its subsidiary, Siddhant Commercials, had sold 3.5 crore equity shares of Asian Paints on the NSE at a price of Rs 2,201 per share. The entire block of Asian Paints stock, representing 3.6 per cent of the company’s equity, was purchased by SBI Mutual Fund, as revealed by…
Air India crash set to trigger over Rs 1,000 crore insurance claims (AP) MUMBAI: The crash of an Air India Boeing 787 Dreamliner in Ahmedabad has set off what may become India’s costliest aviation insurance claim, with potential liabilities crossing Rs 1,000 crore, which is more than the total annual premium for the country’s aviation…
The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices.At the interbank foreign exchange market, the rupee opened at 85.43 and moved…
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America’s chip manufacturing and supply chain resilience.The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip…
India is actively engaging with China to ensure stability and predictability in trade-related supply chains, following Beijing’s recent curbs on rare earth exports that have disrupted the global automotive sector.“We are in touch with the Chinese side, both here in Delhi as also in Beijing, to bring predictability in supply chain for trade, consistent with…
I would like to express our deep sorrow about this event, Air India CEO said. Ahmedabad plane crash: Air India’s Chief Executive Officer and Managing Director Campbell Wilson conveyed “deep sorrow” about the Boeing 787-8 aircraft crash carrying 242 onboard, acknowledging it as a challenging period for the entire Air India team.The aircraft, destined for…
US stocks edged lower Thursday as Wall Street lost momentum from its recent rally, with losses in Boeing weighing on the Dow and Oracle offering some relief with a strong earnings report.The S&P 500 slipped 0.3% in early trading. The Dow Jones Industrial Average fell 246 points, or 0.6%, while the Nasdaq composite lost 0.3%…
US producer prices rose modestly in May, offering further evidence that inflationary pressures remain subdued even as tariffs continue to loom over global trade, according to data released by the Labor Department on Thursday.The Producer Price Index (PPI), which tracks inflation at the wholesale level before it reaches consumers, rose 2.6% in May from a…
Flight operations at Ahmedabad Airport were suspended after an Air India plane crashed shortly after takeoff on Thursday. IndiGo and SpiceJet have issued travel advisories, offering rebooking or refunds. According to the latest update, limited flight operations have now resumed at the airport. Air India plane crash news: As flight operations at Ahmedabad were temporarily…
India’s headline retail inflation fell to 2.82% in May 2025, the lowest year-on-year rate since February 2019, according to data released by the National Statistical Office (NSO) on Wednesday. The Consumer Price Index (CPI) reading was down 34 basis points from 3.16% in April, driven primarily by a sharp moderation in food prices and a…
