Samsung AI Chip Boom Drives Record Profits
Samsung Electronics reports record quarterly profit tripling to $13.98 billion driven by AI chip demand, while warning of cost pressures on smartphone and display businesses.
Category : Business
Rupee Hits Record Low of 92.00 vs USD: What's Next for INR?
The Indian rupee plunged to an unprecedented low of 92.00 against the US dollar in early trading, driven by Federal Reserve policies and Asian currency weakness. Analysts examine the rupee's future trajectory.
US Slams EU-India Trade Deal, Accuses Europe of Funding Ukraine War
US Treasury Secretary Scott Bessent condemns EU's free trade agreement with India, accusing European nations of prioritizing commerce over ending Ukraine conflict by indirectly financing Russian war efforts.
Titagarh & ABB Sign Metro Propulsion Technology Agreement
Titagarh Rail Systems and ABB India have signed a strategic agreement to deliver propulsion systems for 25kV metro projects, including technology transfer for TCMS under Make in India initiative.
Amazon Layoffs: 16,000 Jobs Cut in AWS, Retail Teams
Amazon has eliminated 16,000 corporate jobs, with cuts sweeping through AWS cloud division and retail operations. Software engineers are among those affected across US, UK, and India offices.
UP Power Corp to Collect Record Rs 616 Crore Fuel Surcharge
Uttar Pradesh Power Corporation Ltd will levy its highest-ever 10% fuel surcharge in February, collecting approximately Rs 616 crore from consumers to adjust for November's increased coal costs.
India-EU FTA Boosts Market: Stocks to Watch
Indian stock market expected flat to positive amid India-EU FTA optimism. Economic Survey 2025-26 in focus. Expert recommends five breakout stocks for intraday trading.
Stock Market Opens Mixed on Jan 29, 2026; LT, Power Grid, Tata Steel Active
Indian stock markets opened with mixed trends on January 29, 2026, influenced by global cues. Key stocks like LT, Power Grid, Tata Steel, Maruti, and Asian Paints are in action, reflecting varied sectoral performance.
Akasa Air Restarts Pilot Recruitment After 18-Month Halt
Budget carrier Akasa Air has resumed pilot hiring after an 18-month pause as it prepares to expand its fleet with new Boeing 737 MAX aircraft deliveries, addressing crew constraints under revised aviation regulations.
US Treasury Secretary Disappointed with Europe on India-EU Trade
US Treasury Secretary Bessent expressed disappointment with European nations regarding the India-EU trade agreement, questioning whether the deal threatens American interests as negotiations advance without Washington's involvement.
Amazon Closes Physical Go & Fresh Stores, Pivots Strategy
Amazon announces closure of Amazon Go and Amazon Fresh physical stores after business review. Company will focus on expanding Whole Foods Market and strengthening online grocery delivery services.
Goyal Counters Congress Criticism of India-EU Trade Deal
Commerce Minister Piyush Goyal strongly rebutted Congress leader Jairam Ramesh's criticism of the India-EU FTA, defending it as a landmark economic deal that will create growth and jobs while dismissing opposition concerns as politically motivated.
Nifty, Sensex Open in Red; Focus on Budget, Trade Talks
Indian equity benchmarks Nifty50 and BSE Sensex opened lower on Thursday due to weak global cues. Analysts highlight upcoming Union Budget and India-EU trade talks as key factors influencing market direction.
Gold Hits Record High on MCX After US Fed Policy
Gold prices in India soared by 5% to reach a new record high on the Multi Commodity Exchange (MCX) following the US Federal Reserve's latest policy announcement. The surge was driven by a weaker US dollar and market expectations of future rate cuts.
Silver Crosses ₹4 Lakh as Tensions, Fed Policy Boost Demand
Silver prices surged 4% to cross ₹4 lakh mark on MCX, hitting ₹4,00,780, driven by US-Iran tensions, Fed's unchanged rates, and weaker dollar. Global silver nears $120/oz with 60% yearly gain.
Stocks to Watch: L&T, SBI, Rail Vikas Nigam, NSDL, GRSE
Investors are closely monitoring Larsen & Toubro, State Bank of India, Rail Vikas Nigam Limited, NSDL, and GRSE as key stocks to watch in today's market session.
360 ONE Leads India's Wealth Management with Robust Growth
360 ONE expects India's wealth management AUM to reach ₹152 trillion by FY29. The company's Q3FY26 results show strong performance driven by industry tailwinds and recurring revenue growth.
India's Economic Growth Strategy Amid Global Changes
Chief Economic Advisor V. Anantha Nageswaran outlines how India can maintain its economic momentum through manufacturing strength, export competitiveness, and fiscal prudence in a turbulent global landscape.
US Disappointed by India-EU Trade Deal
US Treasury Secretary Janet Yellen voices disappointment regarding the India-EU trade agreement, highlighting concerns over US economic interests and global trade dynamics.
Q3 Results Today: ITC, Paytm, Swiggy, Tata Motors Among 140 Firms
Around 140 companies, including ITC, Paytm, Swiggy, Tata Motors, Canara Bank, and Dabur, are set to announce their Q3 FY26 results on January 29. Market experts predict cautious sentiment with stock-specific movements driven by earnings and global factors
Kanpur Power Station Fire Causes Rs 90 Lakh Loss, Outage
A massive fire erupted in a 10 MVA transformer at Kanpur's Old RPH power station, triggering panic and widespread power cuts. KESCO estimates Rs 90 lakh in damages; an investigation is underway.
LDA Approves 27-Storey Aishbagh Square in Lucknow
Lucknow Development Authority approves construction of 27-storey Aishbagh Square luxury residential complex with 384 flats. Registration opens Jan 29, prices start from Rs 1.11 crore.
India-EU FTA: Turkey Cannot Reroute Goods to India
India and the EU have concluded FTA negotiations, but Turkey cannot benefit despite EU-Turkey Customs Union. Officials clarify Turkish goods cannot enter India duty-free via EU ports due to rules of origin.
Amazon Cuts 16,000 Jobs in Global Restructuring
Amazon announces elimination of nearly 16,000 corporate roles worldwide as part of organizational streamlining. Senior VP Beth Galetti communicates layoffs aimed at reducing management layers and bureaucracy.
Economic Survey 2026 Tabled: GDP Growth Outlook Revealed
Finance Minister Nirmala Sitharaman tables Economic Survey 2025-26 in Parliament ahead of Budget 2026. Key focus on GDP growth projections, economic reforms, and policy direction for upcoming fiscal year.
Stock Market: Gap-Down Opening Expected, Economic Survey Today
Indian stock market indices Nifty 50 and Sensex are likely to open lower on Thursday, influenced by mixed global cues and anticipation of the Economic Survey 2025-2026 release. Gift Nifty trends signal a weak start, with key stocks in focus.
India's FY27 Budget: Fiscal Discipline Meets Capex Growth
India's FY27 Union Budget focuses on fiscal consolidation with 4.3% deficit target, prioritizing capital expenditure over populist spending. Key sectors like defence, infrastructure, and digital services set to benefit from strategic allocations.
Ghaziabad Plans New Ramps on Hindon Elevated Road for Improved Access
Ghaziabad Development Authority plans two new ramps and a cloverleaf interchange on Hindon Elevated Road to improve connectivity to Indirapuram and Vasundhara. Construction expected within six months.
YEIDA Issues LoI for Rs 587 Cr Medical Tech Plant in Noida
Yamuna Expressway Authority grants intent letter to Shukra Pharmaceuticals for advanced medical devices manufacturing facility in Sector 28, promising 2,900 jobs and cutting-edge cancer treatment technology.
Energy Options Trading Booms in India, Overtaking Gold
Retail traders in India are pivoting from gold and silver to energy options on MCX, driven by geopolitical tensions and winter demand. The shift boosts MCX revenues as energy's share exceeds 60% of premium turnover.
Page 188 of 868