Silver prices in India soared to a record high, surpassing Rs 1.40 lakh/kg, driven by international prices exceeding $45/ounce and a weaker rupee. This surge in the white metal contrasts with a slight softening of gold prices domestically, influenced by global trends. Market analysts attribute the precious metals rally to dovish US rate-cut outlook, geopolitical…
Firoz Mistry, son of the late Cyrus Mistry, has joined Afcons Infrastructure’s board as a director, following his cousin Pallon Mistry. This move strengthens his role within the Shapoorji Pallonji Group, where he’s involved in strategy and governance.
Crisil Intelligence reports that the US’s increased H-1B visa fees are projected to slightly decrease Indian IT firms’ operating margins by 0.20%. Companies are already shifting towards offshore delivery and local hiring in the US, mitigating the impact. While revenue growth is expected to moderate, the US remains a crucial market, contributing significantly to IT…
India’s food processing sector is set for a major boost with Reliance Consumer Products Ltd (RCPL) and Coca-Cola bottlers pledging over Rs 65,000 crore at the World Food India Summit. RCPL plans to invest Rs 40,000 crore in AI-enabled food parks, while Coca-Cola bottlers will invest Rs 25,760 crore across nine states.
The US economy rebounded in the second quarter with a surprising 3.8% growth, a significant upgrade from the previous estimate, following a contraction attributed to trade policies. A sharp drop in imports and accelerated consumer spending fueled the surge. However, economists caution that tariffs risk slowing growth and unsettling businesses, as job growth has slowed…
The CBDT has extended the deadline for submitting tax audit reports for the financial year 2024-25 to October 31, 2025, providing relief to taxpayers. This decision follows representations from professional associations citing difficulties in completing audits due to floods and other disruptions.
Airbus’s board is convening in Delhi for their annual strategy session, highlighting India’s growing importance in the aerospace sector. The meeting underscores Airbus’s commitment to India, fueled by substantial aircraft orders from IndiGo and Air India. Airbus aims to deepen its collaboration with Indian suppliers and expand its manufacturing presence, aligning with the Make-in-India initiative.
Prime Minister Narendra Modi’s flagship initiative Make in India has completed 11 years, marking a historic milestone in India’s journey to become a global manufacturing and innovation hub. Launched in 2014, the initiative aimed to revive India’s industrial base, attract investments, and position the country as a world-class manufacturing destination. We take a look at…
