File photo (Picture credit: AP) TOKYO: The Bank of Japan hiked interest rates to a 30-year high of 0.75 per cent on Friday, the first increase since January, as it said the economy had shown signs of improvement.The unanimous vote to lift the main borrowing rate from 0.5 per cent came hours after official data…
Rupee continued its upward rally against the US dollar on Friday, strengthening past its 90 mark to reach 89.96 against US dollar in early trade. The currency opened at 90.1325 per dollar, up about 0.1% from its previous close of 90.20 against US dollar. This comes after Rupee made a tentative recovery after sliding to…
BENGALURU/MUMBAI: RRP Semiconductor, a BSE-listed company, is suddenly distinguishing itself in the global craze for semiconductors. The company stands out as an anomaly in India’s fast-evolving semiconductor narrative-drawing intense attention not for technological breakthroughs or manufacturing scale, but for its stock price surge that has sharply defied conventional valuation logic. Little known until recently, even…
MUMBAI: US-based private equity firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a year…
NEW DELHI: Saying that time has come for it to decide on the passive euthanasia plea regarding 31-year-old Harish Rana, who has been in a vegetative state for the last 13 years, Supreme Court on Thursday decided to talk to his parents before it moves further in the matter. Significantly, the secondary report filed by…
Analysts suggest that the market’s short-term trend remains volatile with a weak bias. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday on positive global cues. While Nifty50 went above 25,900, BSE Sensex was up around 350 points. At 9:16 AM, Nifty50 was trading at 25,913.10,…
TikTok has signed a joint venture agreement with major investors to keep its platform running in the United States and avoid a potential ban linked to its Chinese ownership, according to an internal memo seen by news agency AFP.TikTok chief executive Shou Zi Chew told employees that the company and its parent ByteDance have agreed…
Bitcoin BTC$86,989.56 strengthened as the Japanese yen dropped after the Bank of Japan (BOJ) hiked interest rates as expected. The Japanese central bank raised its short-term policy rate by 25 basis points to 0.75%, the highest level in roughly three decades, continuing the gradual shift away from decades of ultra-loose monetary policy. In the policy…
China could receive the first shipments of Nvidia’s second-most powerful AI chips, signalling a shift in America’s long-standing restrictions on exports to Beijing.The US government has began a formal licensing process that could pave the way for chip gaint’s Beijing entry, Reuters reported, citing five people familiar with the matter. This comes after US President…
NEW DELHI: Opposition parties staged a 12-hour overnight dharna in the Parliament complex on Thursday night to protest the passage of the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill, or VB-G RAM G Bill, which replaces the Mahatma Gandhi National Rural Employment Guarantee Act.The protest came hours after Parliament cleared the Bill…
