NEW DELHI: Amid the conflict in West Asia, output in India’s eight core infrastructure industries inched up to 1.7% in April from the upwardly revised 1.2% in March, latest official data released Wednesday showed. Notably, as many as four industries linked to energy sector and the fertiliser industry registered a decline in output during the…
Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profit and cash flow to record levels. The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in…
BENGALURU/DELHI/MUMBAI: The shelves began emptying even before Parle Products could quite understand what was happening. By Wednesday evening, searches on Melody, the caramel toffee by the Mumbai-based manufacturer of biscuits and confectionery, had jumped over 190 times on Google, while search strings like ‘Melody Modi’, ‘Meloni Melody’ all had ‘breakout’ tags on the search platform….
MUMBAI: Even as gold loans grew 50.4% in FY26 to emerge as the primary driver of retail credit, the home loan portfolio expanded only 9.4%, with growth largely led by higher ticket sizes, while credit card outstandings remained the slowest segment with flat year-on-year growth. According to a latest report by CRIF India, the March…
NEW DELHI: Multilateral military exercise PRAGATI 2026 involving personnel from 12 friendly countries started at Meghalaya’s Umroi Military Station on Wednesday.The contingents of Bhutan, Cambodia, Indonesia, Laos, Malaysia, Maldives, Myanmar, Nepal, Philippines, Seychelles, Sri Lanka and Vietnam were accorded a traditional welcome by the Indian Army.PRAGATI — Partnership of Regional Armies for Growth and Transformation…
MUMBAI: Mobile phone financiers will face restrictions on “mobile lock” practices under RBI’s amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming…
NEW DELHI: A Pune-based defence company has successfully carried out firing demonstrations of the EXTRA and Predator Hawk “Suryastra” rockets with ranges of 150km and 300km, respectively, at the Integrated Test Range in Chandipur, Odisha, on May 18 and 19, reports Surendra Singh. Suryastra is India’s first indigenous universal multi-calibre rocket launcher system, designed for…
Prediction market provider Polymarket filed to list parlays in sports event contracts in the U.S. on Wednesday, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed to list “combinatorial outcome contracts” on Wednesday, describing these event contracts — the official term for prediction markets — as combining two or more underlying…
India and South Korea on Wednesday signed two memorandums of understanding (MoUs) related to self-propelled air defence systems and directed energy weapon systems (that include high-power microwaves and laser beams) during defence minister Rajnath Singh’s visit to Seoul, a defence source told TOI. “Both future-oriented projects have a strong make-in-India focus,” the source said. Two…
The U.S. Federal Reserve took another step toward special limited payment accounts that would give a lighter version of the master-account services the central bank offers to its fully-fledged banks, opening a comment period on the latest description of the new accounts. Firms with diverse business models can use such accounts to clear and settle…
