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Gen AI boosting productivity of Indian IT industry's rising niche: TCS exec

Generative AI has taken centre stage in the space and clients are replanning budgets and product features, Chakravarti said

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Canada's Brookfield Asset Management had said at the start of the year that it would buy ATC's India operations, ATC Telecom Infrastructure, for $2.5 billion via the trust

Global investors, fund managers struggle to keep up as India's market grows

Part of the reason for the long-term underweight has been that many investors preferred China's cheaper and dynamic market, while entry and exit costs for funds can be high in India

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Will take action against US media in response to charges, says Russia

The United States on Wednesday filed money-laundering charges against two employees of RT

Swedish automaker Volvo Cars slashes its margin and revenue ambitions

Volvo Cars, which is majority-owned by China's Geely, lowered its target for operating profit margin

With super typhoon winds, Yagi whirls towards Southern Chinese provinces

Packing maximum sustained winds of 209 kph (130 mph) near its eye, Yagi registers as the world's second-most powerful tropical cyclone

China urges US to 'immediately' lift all tariffs on Chinese-made goods

US is expected to make its final determination in the coming days after delaying a decision twice

Bank of Japan policymaker urges caution regarding interest rate hikes

The BOJ's plan to keep raising rates comes at a time when many other central banks are beginning to ease policy

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

India to top China among emerging markets, equities rally: Morgan Stanley

In the context of India being underweight in the average emerging markets portfolio, this is even better for foreign portfolio flows

Harris' proposed tax reforms may cut S&P 500 earnings by 5%: Goldman Sachs

Harris proposed raising the corporate tax rate to 28 per cent from 21 per cent and ensure big corporations pay their fair share

India's shrinking balance of payments surplus keeps rupee near record lows

RBI has been regularly intervening in the forex markets on both sides, leading to rupee holding a narrow range

World Bank approves $68 mn cross-border bank lifeline for Pacific Islands

The funding includes $9 million each to eight Pacific Island countries to establish a service

Here's what airlines are doing in response to Cathay's A350 engine failure

Qatar Airways said the issue had no impact on its 24 A350-1000 aircraft and it would continue to monitor any developments

China offers Africa billions in fresh financing, promises 1 million jobs

Xi promised delegrates from more than 50 African nations that the $19 trillion Chinese economy will unilaterally improve access to its market for African trade

UN chief warns Africa's inadequate access to debt relief risks unrest

Zambia in June became the first country to successfully restructure its debt through the scheme

Top super PAC backing Kamala Harris to accept cryptocurrency donations

Although Harris has yet to publicly take a stance on crypto, her campaign staff have met with prominent crypto firms, including Coinbase and Ripple, Reuters has previously reported

Asian shares try to stabilise after global sell-off, US data in focus

Oil prices were steady in early trading after dropping in the previous sessions on weak demand and supply woes