Business

For almost a decade, N Chandrasekaran has been the man at the centre of the Tata Group. Now, the search for the person who will replace him has begun. Chandrasekaran will step down as Tata Sons chairman when his current term ends on February 20, 2027. His decision not to seek another term follows months of uncertainty over his reappointment...

Gold and silver prices opened higher on the MCX on Wednesday with investors awaiting US inflation data for clues on the Federal Reserve’s monetary policy path. Ongoing tensions in the Middle East also kept concerns over oil-led inflation in focus. In the domestic market, MCX silver futures for September 2026 delivery were up Rs 2,612 at Rs 2,38,271 per kg. Gold...

International crude oil prices rose on Monday, Aug. 10 on uncertainty over the reopening of the Strait of Hormuz after Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the US must still meet other conditions. Iran is currently not engaging in talks with US. However, US had earlier stated that a...

The Food Safety and Standards Authority of India (FSSAI) has barred the sale of certain rum and whiskeys sold by Diageo India’s United Spirits, Inbrew Beverages and Mohan Rocky Springwater. FSSAI said laboratory tests found that some manufacturers were adding flavours of the alcoholic beverage itself, for example, rum flavour in rum or whisky flavour in whisky. The action comes in the...

Air India has announced the appointment of former Ethiopian Airlines Group CEO Tewolde Gebremariam as its new chief executive and managing director, four months after Campbell Wilson resigned, as the Tata Group-owned carrier enters the next phase of its transformation focused on expansion and profitability. The appointment follows a global search overseen by a committee of Air India’s board, which...

Amid continued tensions in West Asia and fears that a weak monsoon could lift food prices in the months ahead, Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the central bank has kept the repo rate unchanged at 5.25%. The Standing Deposit Facility (SDF) rate and Marginal Standing Facility (MSF) rate and the bank rate were also kept unchanged...

India is getting ready for visits by Chinese President Xi Jinping and Russian President Vladimir Putin, with both leaders planning to attend the BRICS summit to be held in Delhi on September 12 and 13, sources here said on Wednesday (July 29, 2026). Consultations are continuing with regard to these upcoming high-level visits. On Monday (July 27, 2026) and Tuesday...

IndiGo managing director Rahul Bhatia has called for a review of India’s pilot flight duty time rules, saying these norms erode cockpit productivity, inflate airline costs and make the country’s aviation sector “uncompetitive” compared with global peers “I think Flight Duty Time Limitations (FDTL) needs a review, and I think there’s enough conversation going on with the government. All we...

Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal Reserve with another inflation shock just hours before one of its most uncertain interest-rate decisions in years. The rally accelerated after President Donald Trump vaguely told Fox News that the...

India’s industrial activity gathered momentum in June, with factory output growing at its fastest pace in nearly two years as manufacturing remained robust and investment-linked sectors continued to outperform, pointing to resilient domestic economic activity despite global uncertainties. The Index of Industrial Production (IIP) rose 7.3 percent year-on-year in June, up sharply from the revised 5.1 percent growth recorded in...

Indian equity benchmarks opened higher on Monday as oil prices fell after US-Iran pause strikes. At the open, Sensex climbed 580 points while Nifty was up 170 points. At the close, Sensex was up 776 points while Nifty gained 228 points. Meanwhile, the rupee opened 44 paise stronger at 96.13 against the US Dollar, compared to Friday’s close of 96.57...

HCLTech on Friday announced that it plans to set up its first AI Data Center in the upcoming Odisha Sovereign AI Park in partnership with Sarvam and the Government of Odisha. In an exchange filing, the company said the AI data center will be established as part of its proposed entry into the full-stack AI market The filing added that...