Business

Vande Bharat sleeper, Indian Railways’ new train for overnight premium travel, has received overwhelming passenger response, according to the Ministry of Railways. The first commercial run of Vande Bharat Sleeper train between Kamakhya and Howrah saw all tickets selling out within hours of bookings opening, Indian Railways said.According to railway officials, reservations for the Vande…

HYDERABAD: In line with its strategy sharpen its focus on fast growing markets of central India, KONE India has set up its central region office in Hyderabad, which is its fifth regional office in the country. The new office will cater to states such as Madhya Pradesh, Chhattisgarh and parts of Maharashtra, in addition to…

BENGALURU: ElevenLabs, a voice AI startup valued at about $6.6 billion, has appointed Karthik Rajaram as general manager and country head for India, as the company sharpens its focus on the market amid rising adoption of AI-generated voice and audio tools.In his new role, Rajaram will lead ElevenLabs’ go-to-market strategy and revenue growth in India,…

Foreign investors sold Indian equities worth about $3 billion in January, the largest monthly outflow since August. (AI image) Stock markets saw a very sharp selloff on Tuesday, resulting in market capitalization dropping and investors’ wealth eroding by as much as Rs 9.86 lakh crore. Both Nifty50 and BSE Sensex declined by over 1%, dropping…

India is stepping up the adoption of battery and alternative fuel-powered train engines as it moves to phase out diesel locomotives on short and medium-distance routes, following the near-complete electrification of its rail network.With just 405 route kilometres (rkm) left to be electrified out of a total 70,117 rkm, officials said the focus of the…

Representative image (AI-generated) The Indian rupee weakened by 7 paise on Tuesday, closing at a record low of 90.97 against the US dollar. This comes as strong dollar demand from metal importers and continued foreign fund outflows weighed on investor sentiment.Forex traders said that the rising geopolitical uncertainties, including fresh US expansionary signals, have increased…

Representative image (AI) HYDERABAD: Global fast moving consumer goods (FMCG) giant Unilever is open to the of setting up its global capability centre (GCC) in Hyderabad and top brass of the company held deliberations on the issue with Telangana chief minister A Revanth Reddy at the World Economic Forum (WEF) at Davos.The CM, who is…

Representative image (AI) MUMBAI: A new technology festival, ImagiNxt 2026, will make its debut in Mumbai in May, positioning itself as a cross-sector platform linking India’s startup ecosystem with policymakers, investors and global technology leaders. The two-day event will be held on May 22–23 at the Jio World Centre.Organisers say the idea behind ImagiNxt is…

Netflix has revised its proposed acquisition of Warner Bros. Discovery, shifting to an all-cash transaction valued at USD 27.75 per share. The move aims at simplifying the deal structure and strengthening its position amid rival takeover efforts.The revised offer values Warner Bros. Discovery at an enterprise value of about USD 82.7 billion, including debt and…

MUMBAI: PhonePe has secured go ahead from markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), said people aware of the matter. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). An OFS allows existing company shareholders to offload…