Business

HYDERABAD: Prime Minister on Thursday virtually inaugurated Hyderabad-based spacetech startup Skyroot Aerospace’s Infinity campus on the outskirts of Hyderabad and also unveiled Skyroot’s first commercial orbital rocket, Vikram-I, that will ferry satellites to into low Earth orbit (LEO).The state-of-the-art facility is spread over 2 lakh sq ft for designing, developing, integrating and testing multiple launch…

Gold price structure now indicates that buyers are firmly in control, and dips are likely to attract fresh demand. (AI image) Gold and silver price prediction today: Gold prices and silver prices are showing strength again and are likely to maintain a bullish momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Samvardhana Motherson International, Adani Ports and Special Economic Zone, and Max Financial Services Ltd. Here’s his view on Nifty, Bank Nifty and the…

Japanese beer giant Asahi on Thursday delayed the release of its full-year financial results as it continues to grapple with a major cyberattack that began in late September.“While the Company is making every effort to restore the system as quickly as possible, it has decided to postpone the announcement of financial results for the fiscal…

IMF has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market. The IMF labelled the country’s de facto currency regime as “crawl-like arrangement”, marking a change from the previous “stabilised” classification, the agency said in a report released on Wednesday.A crawling…

VIJAYAWADA: Weeks after Google announced a $15 billion investment in Visakhapatnam for an AI hub, it’s now the turn of Digital Connexion – a JV of Reliance Industries, Brookfield, and Digital Realty – to commit $11 billion for a data centre.Digital Connexion signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) on Wednesday…

Asian stocks rose for a second straight session on Thursday, extending this week’s global rally as investors grow increasingly confident that the US Federal Reserve will deliver a third consecutive interest rate cut next month.The renewed optimism has pushed concerns over stretched valuations into the background for now, allowing risk appetite to strengthen across global…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied in trade on Thursday with the broader index hitting a lifetime high. While Nifty50 was above 26,250, BSE Sensex was up over 250 points. Nifty50 crossed its lifetime high of 26,277 hit last year in September to…

MUMBAI: RBI deputy governor Poonam Gupta defended the central bank’s inflation projections, saying there is “no systematic bias” in forecasts issued by the Monetary Policy Committee. Speaking at a workshop here on Wednesday, she said inflation forecasting is difficult everywhere, “equally challenging in India, if not more so”, because of the high food weight in…

BENGALURU: In the Infosys buyback offer that closed on Wednesday, nearly 82.6 crore shares were tendered, compared to the 10 crore shares the company proposed to buy back, data from the NSE and BSE showed. The promoters of Infosys chose not to participate in the offer. The buyback, conducted through the tender offer route, is…