Business

The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…

The Russian president indicated that to address trade disparities, Russia could increase its imports of agricultural goods and pharmaceutical products from India. (AI image) India and Russia are looking to deepen trade ties, with Russian president Vladimir Putin instructing officials to formulate strategies to address the trade imbalance. This includes increased procurement of agricultural goods…

Union finance minister Nirmala Sitharaman on Friday highlighted India’s growing economic resilience and said that the nation is well-equipped to absorb external shocks, amid ongoing external trade tensions.“Our capacity to absorb shocks is strong, while our economic leverage is evolving. Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer…

Asian stocks mostly rose on Friday, as investors ended the week on a positive note, with hopes of US interest rate cuts outweighing worries over a government shutdown.Japan’s Nikkei jumped 721 points or 1.6% reaching 45,675. Kospi also traded 2.7% higher, gaining 93 points to 3,549.Shanghai and Shenzhen also added 0.5% and 0.3% respectively.HSI, on…

BENGALURU: Tata Consultancy Services (TCS) is under scrutiny as lawmakers in both the US and UK press CEO K Krithivasan for answers regarding the company’s employment practices and cybersecurity protocols. US Senators Charles E Grassley and Richard J Durbin from the senate judiciary committee wrote to TCS CEO K Krithivasan, raising concerns about the company’s…

MUMBAI: Less than one out of 10 households in India (9.5%) invest in securities market-related financial products like stocks and mutual funds, a Sebi survey showed. This is despite 63% of the country’s total 33.7 crore households knowing about at least one of these products.Among states, nearly 21% of households in Delhi invest in securities…

BENGALURU: American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies in the US for $500 million for patent infringement.The plaintiffs allege that Hexaware’s flagship modernization platforms — RapidX, Amaze, and Tensai/ATOP — illegally incorporate Natsoft’s patented technologies covering automated code testing, business-rule extraction, code generation, and legacy modernisation.Plaintiffs alleged that Hexaware…

MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below…

The Delhi High Court has summoned SpiceJet to respond to a recovery petition filed by Tata Consultancy Services (TCS), which is seeking the attachment of the airline’s property at Terminal 1D of Indira Gandhi International Airport.TCS is claiming Rs 2.34 crore, along with interest, for services provided to the airline between July 2019 and September…

Armoured Vehicles Nigam (AVANI), India’s leading producer of armoured platforms, is looking to expand internationally and is scouting for partners to market its products overseas. The company is targeting Africa, West Asia, Central Asia, and Southeast Asia for potential channel partnerships to export its vehicles, spare parts, and maintenance support.AVANI manufactures key defence platforms, including…