Asian stocks today: Nikkei adds over 700 points after US-Japan deal; markets in China, Korea remain shut

Asian equities edged higher on Wednesday as investors weighed developments in US-Iran nuclear discussions and fresh details of Japan’s investment commitments to Washington.Tokyo led regional gains, with the Nikkei rising 1.23% or 684 points to 57,250 at 10:07 am IST, after the United States confirmed the first batch of funding from the $550 billion Japan…

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Urban India’s high five to domestic help apps

BENGALURU: Unpacking suitcases, arranging wardrobes, handling time-consuming tasks such as peeling pomegranates and garlic, or prepping for weekend gatherings – these are among the chores urban households are increasingly getting done through domestic help apps, alongside routine chores such as dishes and laundry.What began as a convenience experiment is now scaling rapidly across parts of…

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AI is ‘root and branch surgery’, says Nandan Nilekani

Nandan Nilekani (File photo) BENGALURU: Calling the AI shift a “root-and-branch surgery” of how businesses function, Infosys chairman Nandan Nilekani urged enterprises to rethink not just technology stacks but also how employees work, adapt, and create value in an AI-first world. Speaking at the Infosys Analyst Day held on Tuesday, Nilekani said the conversation around…

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Maruti rolls out e-Vitara at under Rs 11 lakh

The pricing noted applies to the 49 kWh variant and is based on an assumed daily usage of 60 km. NEW DELHI: India’s electric vehicle market is set for intense competition with Maruti Suzuki launching the all-new e-Vitara at a starting price of Rs 10.99 lakh, with a Rs 3.99 per km Battery-as-a-Service (BaaS) ownership…

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Gift City’s 1st IPO to open early March

MUMBAI: A $12 million raise for XED Executive Development, an executive education company, is set to be the first IPO from Gift City. The offer, expected for an early-March opening, is set to be listed on NSE and BSE’s international exchanges in Gift City, a release from the company said.XED has obtained the requisite nod…

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24-hour trades, hedging tools: RBI to rejig forex market rules

MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…

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Gold import volume dips 18%, silver surges 56%

NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…

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Capital values outpace rental growth: Report

MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…

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