Business

MUMBAI: Rising geopolitical tensions in the Persian Gulf region pushed up Brent prices above the $100-per-barrel mark for the first time since July on Wednesday. This, in turn, led to the weakening of the rupee, which fell below the 95/$ mark and settled at 95.1 at close. Dalal Street, too, felt the jitters courtesy of…

BENGALURU: Coforge shares dropped nearly 6% on BSE after chairman and independent director OP Bhatt resigned from the company’s board with immediate effect on Tuesday. The resignation followed an internal audit review that raised concerns about how the company’s board evaluation exercise was handled and presented. Bhatt became chairman of Coforge in 2024. He previously…

MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on Wednesday, Jain said…

BENGALURU: Cognizant’s US green-card filings have been suspended amid an investigation into potential fraud and misuse of employment visa programmes, Anthony D’Esposito, inspector general at US Department of Labor, said in a post on X. “Fighting fraud is a Team Sport…..Threats to American workers will not be tolerated. Alongside @WHFraudTF, we’re following facts, fraud and…

MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people in the know…

Apple’s first foldable phone NEW DELHI: Apple on Wednesday entered the foldable smartphone market with iPhone Duo, priced at Rs 2,99,900, taking on Samsung, Google and Chinese brands in a category it had stayed away from even as rivals spent years refining the form factor.The book-style device has a 5.5-inch outer screen and unfolds into…

Merchandise exports rose 17.04% to $173.78 billion during April-July, while imports climbed 19.27% to $292.38 billion. India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and Industry Minister Piyush Goyal said on Wednesday.The union minister said the…

The Philippine Coast Guard said 42 people had been rescued from the vessel. A fire broke out aboard a passenger ferry near the popular tourist destination of Coron in the Philippines’ Palawan province on Wednesday evening, killing at least five people, according to the Philippine Coast Guard (PCG) and local media.The vessel, M/V June Aster,…

The father claimed that the youngest subjected him to repeated torture and humiliation. (Image for representative purpose only) A father bought land parcels in the youngest son’s name, but their relationship turned bitter and the senior citizen alleged that he had been humiliated and tortured. Orissa High Court’s judgment in the case holds significance.When an…

India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India…