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Ammann says Gujarat plant in India can expand for exports
Ammann Group Holdings AG is transforming its Gujarat facility into a global manufacturing hub, aiming to expand exports beyond India, including potentially entering the US market.
Indian markets hold steady after US Federal Reserve rate hike
Indian stock markets ended slightly higher on Thursday, with the Nifty rising 0.2%, as investors absorbed the anticipated US Federal Reserve rate hike.
US stocks rebound Thursday as Dow rises 300 points
US equities rebounded as tech stocks surged, crude oil prices fell due to eased supply concerns, and bond yields cooled following the Fed's rate hike.
Mazama Energy raises $135 million for 10-gigawatt Oregon geothermal
Mazama Energy secured $135 million in a Series B round to advance its geothermal technology, aiming to harness super-hot rock for high-efficiency electricity generation.
Crusoe raises $3.9B at $30.9B valuation to fund OpenAI project
Crusoe has raised $3.9 billion in a Series F round to expand its data center projects, including large sites and modular "AI factories" for rapid deployment.
Micron Technology, Infineon and Tata Electronics accelerate India's semiconductor production
Micron, Tata Electronics, and Infineon have announced plans to expand semiconductor production in India, highlighting significant growth in manufacturing and workforce development.
Amogh Kaloti orders Sir Ratan Tata Trust board meeting pause
Amogh Kaloti, Maharashtra's charity commissioner, is pivotal in the high-profile Tata corporate battle, overseeing crucial trust-related legal proceedings.
So Delicious Dairy Free recalls Salted Caramel pints for stones
So Delicious Dairy Free has recalled its Salted Caramel Cluster Non-Dairy Frozen Dessert pints due to potential contamination with small stones and other foreign materials.
India plans rules to ensure digital gold backed by bullion
The government is considering requiring digital gold to be backed by physical bullion and placing it under the joint oversight of the Reserve Bank of India and Sebi.
Palantir CEO Alex Karp says OpenAI and Anthropic seek nationalization
Palantir CEO Alex Karp argues that the AI apocalypse narrative is a strategy by companies like Anthropic and OpenAI to seek government liability protection.
Diwali orders from GCC countries push India's food exports higher
India's food exporters are witnessing a major surge in overseas orders, particularly ahead of the Diwali festival.
Insurance premiums won't get costlier despite new UPI fees
The National Payments Corporation of India (NPCI) has announced a 0.4% merchant discount rate (MDR) on select high-value person-to-merchant UPI transactions, with a cap of ₹300 per transaction.
TCS launches custom chip design services
Tata Consultancy Services (TCS) has launched its Custom System-on-Chip (SoC) Design Services.
Tata Sons board approves public listing proposal
Tata Sons' board has approved a proposal for the company's public listing.
Tim Cook, Sam Altman to attend Trump-Xi Jinping state dinner
Tim Cook, the Executive Chairman of Apple Inc. and Sam Altman, the CEO of OpenAI, will attend a state dinner hosted by US President Donald Trump for Chinese President Xi Jinping next week, according to Bloomberg.
How Fed's rate hike could trigger foreign investor exodus
The US Federal Reserve has raised its benchmark interest rate by 25 basis points, marking the first hike since 2023.
Applied Materials to invest $5B in India by 2035
US-based semiconductor equipment maker Applied Materials has announced plans to invest $5 billion in India by 2035.
Saudi Aramco has halted crude supplies to India, report says
Saudi Aramco has halted the supply of crude oil to Indian refiners until further notice, The Economic Times reported.
Tata Sons reappoints N Chandrasekaran as chairman for 5 years
Tata Sons, the holding company for Tata Group, has reappointed N Chandrasekaran as its executive chairman for another five-year term.
Applied Materials to invest $5B in India over next decade
US-based chip equipment giant Applied Materials has announced a massive $5 billion investment in India over the next decade.
Sweden's EQT Group to invest $50B in India by 2030
Swedish private equity firm EQT Group has announced plans to invest $50 billion in India by 2030.
Judge asks Musk's companies to reveal Apple settlement agreements
A federal judge has asked Elon Musk's companies, X Corp and SpaceXAI, to explain their decision to drop antitrust claims against Apple.
Musk's long-time backer transfers $8.5B SpaceX stake to investors
Valor Equity Partners, a venture capital firm founded by Antonio Gracias, a long-time Elon Musk backer and current board member at SpaceX, has decided to distribute a portion of its SpaceX stock among its limited partner investors.
AI start-up Manus seeks $4B valuation after Meta split
Chinese-founded artificial intelligence (AI) start-up Manus is looking to double its valuation to $4 billion.
NSE IPO opens as GMP plunges 43%: Apply or avoid?
The National Stock Exchange of India (NSE) has launched its long-awaited initial public offering (IPO) today.
US House passes bill allowing 100% tariffs on India
The US House of Representatives has passed a bill allowing President Donald Trump to impose tariffs of up to 100% on countries buying Russian oil and gas.
US raises interest rate for first time in 3 years
The US Federal Reserve has raised its key interest rate by 25 basis points, the first hike in over three years.
Centre reduces windfall tax on petrol, diesel, ATF exports
The Indian government has reduced the windfall tax on petrol exports from ₹1.5 to ₹0.5 per liter for the next fortnight, starting September 16.
Cab aggregators can't demand tips before booking rides in India
The Indian government has ordered cab aggregators to stop the practice of advance tipping before booking a ride.
Home prices in NCR up 193% in a decade
The National Capital Region (NCR) has witnessed a staggering 193% increase in home prices over the past decade, according to a new report by industry body ASSOCHAM and Knight Frank Research.
How EU plans to cut trade deficit with China
European Commission President Ursula von der Leyen has vowed to use all possible means to tackle the "unsustainable" trade deficit with China.
Nobel laureate Michael Kremer becomes World Bank's chief economist
The World Bank has appointed Nobel laureate Michael Kremer as its new chief economist.
How did restricted Pakistan-made 'Goree,' 'Chandni' creams enter Indian market
The Central Drugs Standard Control Organisation (CDSCO) has issued a public health warning against two Pakistani cosmetic products, Goree Beauty Cream and Chandni Whitening Cream.
RBI may raise repo rate by 50bps this year: JPMorgan
JPMorgan has predicted that the Reserve Bank of India (RBI) could raise interest rates by a total of 50 basis points (bps) by December.
Indians earning up to ₹25,000/month can now get PF benefits
The Union Cabinet has approved a significant hike in the wage ceiling for Employees' Provident Fund Organisation (EPFO) subscribers.
Flipkart's Big Billion Days sale starts October 9: Check deals
Flipkart has announced the dates for its highly-anticipated Big Billion Days sale 2026.
India-Canada trade deal negotiations might be done by 2026-end
India and Canada are in the final stages of negotiating a Comprehensive Economic Partnership Agreement (CEPA), with hopes to conclude it by the end of this year.
NSE IPO: Selling shareholders eye ₹16,500cr profit
The selling shareholders of the National Stock Exchange (NSE) are poised to make huge profits from its much-anticipated initial public offering (IPO).
Why Tata stocks fell up to 7% today
Tata Group stocks witnessed a major fall today, with losses of as much as 7%.
TikTok founder becomes Asia's richest, overtaking Gautam Adani
Zhang Yiming, the founder of ByteDance, has surpassed Indian billionaire Gautam Adani to become Asia's richest person.
Nithin Kamath says UPI MDR could raise costs for brokers
Zerodha co-founder Nithin Kamath has raised concerns over the proposed Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions.
OpenAI seeks fresh funding at $1.2T valuation
OpenAI, the artificial intelligence (AI) company behind ChatGPT, is in early-stage talks for a new funding round.
New Zealand ratifies landmark free trade deal with India
New Zealand's parliament has approved a landmark free trade agreement with India.
ATM-related shares up by 5% today: What's the reason?
Shares of cash management companies Radiant Cash Management and CMS Info Systems surged up to 5.4% and 5%, respectively, today.
Just 17% merchants willing to bear 0.4% UPI charges: Survey
A survey conducted by LocalCircles has revealed that only 17% of merchants are willing to bear a Merchant Discount Rate (MDR) of 0.4% on Unified Payments Interface (UPI) transactions over ₹2,000.
Jindal Supreme IPO fully subscribed in 30 minutes
The Initial Public Offering (IPO) of Jindal Supreme has been fully subscribed within just 30 minutes of its opening on the first day.
Paytm, MobiKwik rally as UPI fees open new revenue stream
Shares of One97 Communications (Paytm's parent company), CMS Info Systems, One Mobikwik, Yes Bank, and others have surged in trade today.
US advances bill that could hit India with 100% tariffs
The United States House of Representatives has advanced a Russia sanctions bill that could impose tariffs as high as 100% on Indian goods.
UPI MDR: Who gets what from new merchant fees?
The National Payments Corporation of India (NPCI) has released a circular detailing the distribution of the new merchant discount rate (MDR) for Unified Payments Interface (UPI) transactions.
India-New Zealand FTA might come into effect from October 19
The India-New Zealand Free Trade Agreement (FTA), signed on April 27, is expected to come into effect from October 19, as per PTI.
CBI probe against former NSE chief Chitra Ramakrishna to continue
The Supreme Court of India has refused to interfere with the Delhi High Court's decision, which held that the National Stock Exchange serves a public purpose and its officers perform public duties.
UPI payments above ₹2,000 to attract fees starting October 15
The National Payments Corporation of India (NPCI) has announced that a merchant discount rate (MDR) will be applicable on select person-to-merchant (P2M) unified payments interface (UPI) transactions from October 15.
Advance tax deadline is today: Key things to know
The deadline for advance tax filing is today. Taxpayers whose estimated tax liability after TDS/TCS exceeds ₹10,000 are required to pay this installment.