NEW DELHI: Fair trade regulator CCI on Tuesday said it has in principle approved Adani Group’s acquisition of debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. The proposed combination relates to the acquisition of up to 100% shareholding of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL) and Adani…
Apple to open fourth in Pune NEW DELHI: iPhone-maker Apple on Tuesday announced the opening of a new store in Pune on September 4. The move marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and purchase Apple products, as well as experience Apple’s services in person…
Trump imposed 50% tariffs on India (AI image) NEW DELHI: The recent US decision to impose steep tariffs on Indian goods could boomerang on the American economy by pushing up inflation and shaving growth, according to an analysis by the State Bank of India (SBI). The report, quoted by ANI, estimates that US GDP growth…
The industry is already facing pressure following the introduction of Specialised Investment Funds (SIFs) from April this year. (AI image) The Portfolio Management Services (PMS) industry has approached market regulator SEBI to reduce the minimum investment threshold of ₹50 lakh to make this investment channel accessible to a wider base of investors. Sebi had increased…
NEW DELHI: Gold prices jumped by Rs 600 to Rs 1,00,770 per 10 grams in the national capital on Tuesday, supported by a weak rupee and firm global trends, according to the All India Sarafa Association. Meanwhile, silver prices rallied by Rs 3,000 to revisit the all-time high level of Rs 1,18,000 per kg, including…
Tata Consultancy Services (TCS) BENGALURU: Tata Consultancy Services (TCS) has appointed Amit Kapur as the chief AI and services transformation officer, effective September 1. He will report to the firm’s COO, Aarthi Subramanian. Kapur currently leads TCS’s business in the UK and Ireland, the company’s second-largest region, and has over 26 years of experience with…
Following Washington’s imposition of a 50 per cent tariff on Indian goods set to take effect Wednesday (9.30am IST), Fijian Prime Minister Sitiveni Ligamamada Rabuka expressed confidence in Prime Minister Narendra Modi’s ability to handle such challenges.In his statement, Rabuka said, “…The recent announcements of the tariffs (by the United States)…I told him (PM Modi)…
MUMBAI: Rakesh Gangwal along with the family’s trust, part of the promoter family of Interglobe Aviation (Indigo), is selling about 1.2 crore shares of the airline, translating to 3.1% of its equity for at least Rs 7,028 crore (about $801 million).The Indian arms of Morgan Stanley, Goldman Sachs and JP Morgan are managing the block…
Trump tariffs to take effect It’s here — Trump’s 50% tariffs on India. So, where do India’s exporters go from here? For some of India’s biggest exporters, the answer is any which way that helps them survive the biggest business shock of their entrepreneurial career.TOI spoke to companies across sectors for this story. Some companies…
Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any…
