MUMBAI: Startups are readjusting their IPO valuations amid market volatility. After Amagi Media Labs, the first new-age company to head to Dalal Street this year, Shadowfax has tempered its valuation targets. At the upper end of the price band set at Rs 124 per share, the logistics company is seeking a valuation of Rs 7,169…
Global oil prices fell sharply on Thursday after comments from US President Donald Trump eased worries about unrest in Iran and possible disruptions to crude supplies.West Texas Intermediate crude fell 3.0% to $60.16 a barrel, while Brent slipped 2.93% to $64.57. The decline came after Trump said he had been informed that the killing of…
A key industry demand relates to strengthening the Customs Authority for Advance Rulings (CAAR). (AI image) As the Centre readies the Union Budget 2026-27, industry and tax experts have flagged mounting customs litigation, uneven trade facilitation and gaps in digitalisation as areas needing urgent policy attention. In its pre-Budget memorandum, FICCI has outlined a series…
Mumbai: Metal prices are on a tear globally as geopolitical tensions, rising chances of a rate cut in the US, higher demand from some of the fast-growing industries like EV, solar and semiconductors for these metals, and expectations of higher demand from China have added to the tailwinds.On Wednesday, silver crossed the $90-per-ounce (Oz) mark…
BENGALURU: Ifosys is under investigation by the US Department of Justice over the classification of certain H-1B visa recipient employees working for one of its clients in immigration documents filed with US govt authorities. Infosys said it is engaged in discussions with the DoJ regarding the ongoing investigation and is continuing its own inquiry into…
Infosys outperformed its larger peer, TCS, with a stronger performance in the Dec quarter. Its shares rose as much as 8% in early trade on the NYSE on Wednesday after the company reported higher-than-expected sales, driven by strong large deal wins, and upgraded its revenue growth guidance for FY26.It posted sequential revenue growth of 0.6%…
China’s exports ended last year with a growth spurt and sent its trade surplus to a record $1.2 trillion in 2025, extending a boom that’s seen factories escape Donald Trump’s tariffs by making deeper inroads into markets beyond the US.The resilience was the biggest surprise for an ailing Chinese economy and could cushion it in…
NEW DELHI: Two-wheeler sales in India crossed the two crore mark in 2025, rising about 5% from around 1.9 crore units in 2024, even as volumes remained below the record peak of 2.1 crore units sold in 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).Exports rose 24.2% in 2025 to…
Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
