Oil prices surged on Monday as the fallout from U.S. and Israeli military strikes on Iran rippled through global energy markets, with tanker traffic through the Strait of Hormuz already heavily impacted and military strikes continuing across the region. In early Asian trade, Brent futures broke the $80 mark, briefly trading at $82.37 before trimming gains slightly as markets...
Reliance Group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate here for a second round of questioning in connection with an alleged bank fraud-linked money laundering case. The 66-year-old businessman entered the federal probe agency’s office in central Delhi around 10.30 am. Officials in the agency said they have recorded his statement under...
India’s renewable energy (RE) sector is likely to attract $350 billion investments over five years, with major expansion plans in domestic module manufacturing capacity and additional 41 gigawatt (Gw) of energy storage capacity to support the larger 500 Gw clean energy target by 2030, New and Renewable Energy Minister Pralhad Joshi said on Wednesday in...
The board of Tata Sons on Tuesday deferred a decision on reappointing N. Chandrasekaran as chairman for five more years after objections from Tata Trusts chairman Noel Tata, two executives aware of the matter said. The development signals continuing tensions at Tata Trusts that are casting a shadow over the Tata Sons board, given that...
Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani on Thursday (February 19, 2026) announced ₹10 lakh crore investment by his group as he promised to revolutionise artificial intelligence, as he did with mobile data. Speaking at India AI Impact Summit in New Delhi, Mr. Ambani said the best of AI is yet to come...
board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying itsrevised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, Warner Bros’ board said Paramount’s offer hinges on “an extraordinary amount of debt financing” that heightens the risk of...
India has added 52,537 megawatts (MW) of electricity generation from all sources combined in the ongoing financial year until January 31, the Union Ministry of Power said on Sunday (February 15, 2026). This translates to an addition of more than 11% to the total installed capacity of the country at end of the erstwhile financial...
Tata Motors has entered into an agreement to supply 70,000 commercial vehicles (CV) for deployment in Indonesia through a wholly owned indirect subsidiary, PT Tata Motors Distribusi Indonesia. According to industry insiders, this is the largest single order secured by any CV manufacturer in the country. The company did not disclose the order value or...
The combined market valuation of eight of the top 10 valued firms jumped by a whopping Rs 4.55 trillion last week, with Reliance Industries emerging as the biggest winner, in line with a remarkable rally in equities. Last week, the BSE benchmark surged by 2,857.46 points or 3.53 per cent. From the top-10 pack, Reliance...
Mumbai: India’s forex reserves jumped by another USD 14.361 billion to a new all-time high of USD 723.774 billion during the week ended January 30, the Reserve Bank said on Friday. In the previous reporting week, the forex kitty had increased by USD 8.053 billion to USD 709.413 billion, surging past the earlier all-time high...