Oil prices surged over 1% on August 31 as escalating military action in the Strait of Hormuz sparked fresh fears over global energy security. The friction reverberated immediately through trading floors. Brent crude futures gained $1.08, or 1.23%, to reach $89.18 a barrel, while US West Texas Intermediate crude increased by 92 cents, or 1.10%, to...
Tata Consultancy Services (TCS) will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche AG’s management and IT consulting subsidiary, for an enterprise value of €320 million as part of a broader five-year strategic partnership with the German luxury automaker. The acquisition, approved by the board of TCS Netherlands B.V., a wholly owned subsidiary...
The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of the Bombay Presidency Radio Club and a McDonald’s outlet in south Mumbai, along with 11 other food establishments across the state, over alleged violations of food safety and hygiene norms, PTI reported, citing officials. The action follows an intensified crackdown after IAS officer...
Crude oil prices marched higher in Thursday’s trade, climbing to their highest levels in nearly a month as the United States prepared to impose a sweeping package of economic measures aimed at further isolating Iran from international financial and commercial channels. International benchmark Brent crude rose by nearly $3 to around $92 a barrel, hitting...
The price of oil jumped sharply Monday after President Donald Trump cast doubt on another deal with Iran to extend the expiring ceasefire. “They want to make a deal, but they’re not going to make the kind of a deal that I feel is necessary,” Trump said in the Oval Office. Shortly after Trump’s comments,...
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...
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...
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...
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....
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...