MUMBAI: Raymond, which has shed its apparel and real estate businesses through a series of demergers, is in talks to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and others, people familiar with the matter said.If completed, the deal would mark Raymond’s first overseas acquisition since its 2024 restructuring and would…
NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.“We have carried forward the…
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NEW DELHI: Chief Justice of India Surya Kant on Saturday clarified his recent remarks comparing some unemployed youth to ‘cockroaches’, asserting that his observations had been ‘misquoted’ and were specifically aimed at people entering professions using ‘fake and bogus degrees.‘In a statement issued a day after the remarks triggered controversy, CJI Kant said, “I am…
NEW DELHI: The central government on Tuesday approved an increase in the number of judges from 33 to 37 (excluding the Chief Justice of India) at meeting, six years after it was raised from 31 to 33.The move, which government said aims to strengthen the Supreme Court, is aimed to ensure speedier justice as over…
IREN (IREN) co-founder Daniel Roberts outlined an ambitious vision for the company as a vertically integrated AI infrastructure platform in a lengthy X post on Friday, arguing that the biggest bottleneck in artificial intelligence is no longer chips, but physical infrastructure. “AI demand grows exponentially. Infrastructure doesn’t,” Roberts wrote, pointing to growing constraints around power,…
MUMBAI: Light-weight jewellery was the flavour this Akshaya Tritiya, as a steep rise in gold prices nudged consumers to strike a balance between their budgets and love for the yellow metal that’s considered auspicious in Indian culture.For context—gold has risen nearly 57% year-on-year since last year’s festival—from around Rs 97,000 per 10 grams to roughly…
DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts. The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced on Friday. It…
Bitcoin BTC$70,662.70 and the wider crypto market saw a notable price bounce on Friday after major economies announced joint efforts to boost oil supplies through the now-disrupted Strait of Hormuz. BTC, the largest cryptocurrency, jumped to $70,800, up more than 1% on the day, extending its recovery from overnight lows under $68,900, according to CoinDesk…
NEW DELHI: Ending 10 days of suspense, the Congress on Thursday finally picked VD Satheesan as the next chief minister of Kerala after days of intense lobbying, marathon consultations and growing pressure within the party following the UDF’s sweeping victory in the assembly elections.The Congress-led alliance returned to power in the state after nearly a…
