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Board gives SBI go-ahead to raise Rs 20,000 crore via bonds this fiscal

New Delhi, July 16: The board of directors of State Bank of India (SBI) on Wednesday approved a proposal to raise funds worth Rs 20,000 crore through the issuance of bonds to domestic investors in the current financial year (FY26).In a regulatory filing, India's largest lender confirmed that...
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Revenues of sugar mills in India to rise 8% in FY26

New Delhi, July 16: An above normal monsoon is expected to lead to increased sugarcane acreage in Maharashtra and Karnataka, which, in conjunction with expectations of better yield in key sugar-producing states, projects a 15 per cent jump in sugar output during this year, according to a...
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India’s trade deficit narrows to $18.78 billion in June

New Delhi, July 15: India’s trade deficit for June this year narrowed to $18.78 billion, compared to $21.88 billion in May, according to data released by the Commerce and Industry Ministry on Tuesday.India's exports growth remained flat at $35.14 billion in June as against $35.16 billion same...
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Global PC shipments surge over 4% to 63 million units in April-June

New Delhi, July 15: Worldwide PC shipments reached over 63 million units in the second quarter of calendar year 2025, rising over 4 per cent year-on-year (YoY), a report said on Tuesday.PC makers shipped a total of 63,225 million units in the March-June quarter, a rise of 4.4 per cent as...
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Money supply rises for 2nd consecutive month in May: BOK

Seoul, July 15: South Korea's money supply rose for the second consecutive month in May, driven by increased investment in funds as the stock market rebounded, central bank data showed on Tuesday.The country's M2, a key gauge of the money supply, stood at 4,279.5 trillion won (US$3.09...
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Tesla all set to drive into India market with first showroom in Mumbai

Mumbai, July 15: Elon Musk-run electric car-maker Tesla is all set to enter the country with the opening of its first showroom in the financial capital on Tuesday, launching Model Y and Model S vehicles in the presence of Maharashtra Chief Minister Devendra Fadnavis.Although not manufacturing...
AI 171 crash preliminary report has found no mechanical or maintenance faults: Air India CEO
Business

AI 171 crash preliminary report has found no mechanical or maintenance faults:...

New Delhi, July 14: Air India CEO Campbell Wilson has, in an internal mail to the airline’s staff, stated that the Preliminary Report into the Boeing Dreamliner crash in Ahmedabad has found no mechanical or maintenance issues with the aircraft or engines, and that all mandatory maintenance...
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India’s WPI inflation plunges into negative zone as food, fuel prices fall

New Delhi, July 14: India’s inflation based on the Wholesale Price Index (WPI) plummeted to the negative zone at 0.13 per cent in June for the first time this year as prices of food and fuels declined during the month, according to data released by the Commerce and Industry Ministry on...
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Nearly 70% APAC occupiers keen to expand warehousing operations in India:...

New Delhi, July 14: India has emerged as the most preferred destination for the logistics sector with nearly 70 per cent of Asia-Pacific occupiers planning to expand their warehousing footprint in the country over the next two years, according to a CBRE survey released on Monday.This growing...
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TN yarn manufacturers form association to revive struggling sector amid rising...

Chennai, July 14: Amid mounting production costs and delayed payments, yarn manufacturers in Tirupur district, Tamil Nadu, have come together to form a new body -- the Tirupur Yarn Manufacturers Association -- in an effort to revive the ailing sector and restore profitability.Tirupur, a major...
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India’s life insurance industry to grow at 10-12% over 3-5 years

New Delhi, July 12: The Indian life insurance industry registered new business premiums of Rs 41,117.1 crore in June amid the ongoing impact of the revised surrender value regulations, lower credit life sales, and group single premiums, according to a new report.CareEdge Ratings expects the...
Google hires Indian-origin Varun Mohan to double down on AI coding
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Google hires Indian-origin Varun Mohan to double down on AI coding

New Delhi, July 12: Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race.In a post on social media platform X, Demis Hassabis, Co-Founder and CEO at Google DeepMind, informed hiring several...
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