MUMBAI: The Rs 25,000-crore rights offer for Adani Enterprises, the flagship of the Adani Group, closed with 108% subscription with the public portion subscribed 130%. The promoters of the company who hold 74% in the company had said that they would participate in the rights offer to subscribe to their full quota. The public portion…
Supply Chain Automation, Robotics Won’t Lead To Fall In Employment: Sr V-P Madan NEW DELHI: Amazon may not have been the quickest of the block in rolling out 10-minute delivery in India, but it is taking the model to serve its customers in other parts of the world.“We have launched Amazon Now in UAE, Egypt…
NEW DELHI: The three-member selection committee headed by Prime Minister Narendra Modi that met on Wednesday to appoint the new Chief Information Commissioner (CIC), eight information commissioners (ICs) and a vigilance commissioner is learnt to have finalised the names. However, Leader of Opposition (LoP) in Lok Sabha Rahul Gandhi is learnt to have registered his…
The team behind crypto payments app Valora is joining Stripe as the payments giant increasingly expands into blockchain tech and stablecoins, Valora founder Jackie Bona said in a Wednesday blog post. “We’ve seen firsthand how access to stablecoins and crypto rails can expand economic opportunity,” Bona said. “In the past few months, it became clear…
India’s economic growth forecast for this year has been boosted to 7.2% by the Asian Development Bank, a significant upgrade from its previous projection. This upward revision is attributed to a stronger third-quarter performance, with tax cuts playing a key role in stimulating consumer spending. The ADB also anticipates a robust regional economic expansion. NEW…
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue…
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
NEW DELHI: In a first-of-its-kind move, DGCA on Wednesday set up an eight-member “oversight team” of senior flight operations inspectors to oversee IndiGo’s operational aspects, including monitoring flights, crew availability and pilot shortage situation on a daily basis. Two officials (not pilots) will oversee the cancellation and refund status; payment of compensation to passengers for…
The Commodity Futures Trading Commission has announced the initial names as it stands up its CEO Innovation Council meant to delve into derivatives market-structure developments, especially around tokenization, crypto and blockchain technology. Prominent crypto-sector CEO names such as Gemini’s Tyler Winklevoss, Kraken’s Arjun Sethi and Polymarket’s Shayne Coplan will join chief executives from such mainstay…
Congress leader Rahul Gandhi criticized Home Minister Amit Shah’s response on electoral reforms as “defensive,” asserting that key opposition questions went unanswered. Gandhi highlighted concerns regarding transparent voter lists, EVM architecture, and alleged dual voting by BJP functionaries, noting Shah’s silence on these points and the removal of the Chief Justice from the EC selection…
