Business

Coal India Limited (CIL) is exploring the possibility of setting up data centres in its decommissioned mines, repurposing redundant assets to meet India’s rising demand for digital infrastructure while pushing sustainable development.The state-owned miner has initiated a detailed feasibility study with consultants, officials told PTI. The exercise will include site assessments, a comparative analysis of…

US stocks edged higher on Monday as investors prepared for a week packed with critical economic data that could influence whether, and by how much, the Federal Reserve adjusts interest rates at its next policy meeting in a week.The S&P 500 rose 0.3%, hovering just below the record level it reached last week. The Dow…

India and Israel on Monday sealed a bilateral investment treaty, in a move aimed towards strengthening economic ties and laying the groundwork for a possible Free Trade Agreement (FTA).The Government of India and the State of Israel formalised the BIT with Union finance minister Nirmala Sitharaman and her Israeli counterpart, HE Bezalel Smotrich, signing the…

India’s unemployment rate, at 2 per cent according to World Economic Forum data, is the lowest among G20 nations, Union Labour and Employment minister Mansukh Mandaviya said on Monday.Speaking at the signing of MoUs between the Labour Ministry and digital mentorship platform Mentor Together and classifieds site Quikr, the minister said the figure reflected how…

Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2…

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman has said the government is preparing a comprehensive package to support Indian exporters impacted by the steep 50 per cent tariff imposed by the US. She noted that a multi-departmental exercise is underway to assess the effect on shipments.In an interview with…

Amitabh Kant (FIle photo- PTI) IT services major HCL Technologies on Monday announced the appointment of Amitabh Kant as an independent director with effect from September 8, 2025.The company said in a statutory filing that the appointment, cleared by the Board and recommended by the Nomination and Remuneration Committee, is for a term of five…

India is set to accelerate its trade negotiations with many nations as a series of bilateral engagements is lined up this week.Fresh rounds of negotiations with the European Union began today as an EU team arrived in New Delhi and discussions opened formally, sources told ANI.Union commerce and industry minister Piyush Goyal is scheduled to…

Mutual Fund investments (AI image) The direct plan of the Jio BlackRock Flexicap Fund that opens later this month has a total expense ratio of 0.5%. The fund house claims that its efficient execution processes would lower costs and potentially increase portfolio returns for investors. The logic seems simple: the lower the cost, the higher…

Whilst Russia faces severe, crippling sanctions from Western nations, it has managed to mitigate some effects. (AI image) In an attempt to pile on economic pressure on Russia, the European Union is weighing a fresh set of sanctions on Russian banks and oil trade to get President Vladimir Putin to end the war against Ukraine.According…