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Posted in Economy

India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club

Vietnam signed a free trade agreement with the four-nation European Free Trade Association (EFTA) on October 18, joining India as an Asian economy with a…

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SBI said it received communications on October 16 from its Threat Intelligence Service Provider, (Santosh Kumar/ HT Photo/Representational)
Posted in Business

SBI confirms data leak involving 3,897 customer records in preliminary analysis

State Bank of India (SBI) on Wednesday said a preliminary analysis identified 3,897 customer records containing personally identifiable information in data suspected to have been…

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Tesla Cybertrucks lead the way as the SpaceX Starship spacecraft rolls out toward the launch pad before its 11th test flight from the company's complex in Starbase, Texas, US. (REUTERS)
Posted in Business

Inside a possible SpaceX-Tesla merger that Elon Musk calls ‘a good idea’

Elon Musk said that a merger between SpaceX and Tesla would be a “good idea”, adding that special committees had been formed to discuss the…

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Isha Ambani, non-executive director of Jio Platforms Ltd. addresses during a Jio Platforms Ltd. IPO press conference in Mumbai. (REUTERS)
Posted in Business

Jio Platforms IPO fully subscribed in 100 minutes of opening

Jio Platforms Ltd’s initial public offering was fully subscribed within 100 minutes of opening on Wednesday, signalling strong investor demand for the ₹30,213-crore issue, which…

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The public offer of Jio Platforms was set to exceed Hyundai Motor India's  ₹27,870 crore IPO of 2024, and become India's largest by value. (ANI file photo)
Posted in Business

Jio Platforms IPO: Qualified Institutional Buyers portion fully subscribed at over 2x demand

The Jio Platforms’ IPO saw the portion marked for Qualified Institutional Buyers (QIBs) fully subscribed at over 2x demand, within a few minutes of the…

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The National Stock Exchange shares listed on the BSE at  ₹1,800 on September 24, a 0.84% premium over the issue price of  ₹1,785. (REUTERS/File)
Posted in Business

Jio Platforms IPO opens for bidding; a look at India’s five biggest public listings

Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries , opened public bidding on Wednesday for its $3.2 billion IPO, India’s biggest and…

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Jio Platforms, telecoms, cloud and AI group raised $853.3 million (approximately Rs8,106.35 crore) from marquee anchor investors (REUTERS)
Posted in Business

Sensex, Nifty open higher, Jio Platforms’ record IPO in focus

Sensex and Nifty opened higher on Wednesday, with attention turning to the launch of Jio Platforms’ record IPO, although elevated crude oil prices could limit…

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Posted in Economy

India-US trade deal ‘pretty close’, Trump says; will be very different from earlier pacts

Washington: The US and India are “pretty close” to making a trade deal, which will be much different than the earlier pacts, US President Donald…

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Approximately 35% of AI proposals do not pass IT evaluation.
Posted in Business

Sonos and Plaud define AI utility, Adobe’s report, and Microsoft sells a solution

Cognitive warmup. There is worrying data for artificial intelligence (AI), enterprises and AI in enterprises. Adobe’s latest 2026 State of AI Readiness Report suggests that…

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B-heavy molasses is an intermediate which has more sugar (sucrose) content; C-heavy molasses has very little sugar. (Unplash/ Representational)
Posted in Business

Ethanol, poultry industries set for tug of war over maize after curbs on sugar

Ethanol producers and the poultry, dairy and starch industries could face a sharper contest for maize in the next ethanol supply year (November-October), after the…

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