BENGALURU: HCLTech on Monday announced plans to invest up to Rs 3,500 crore to establish AI data centres, with the potential to scale to 50 MW of capacity, targeting rising demand from enterprises and govts for sovereign AI infrastructure.“AI has fundamentally changed the economics of computing. For us, the data centre is the foundation for…
NEW DELHI: India’s trade deficit widened to a five-month high of $30.4 billion as imports jumped 31% – the fastest pace of expansion in nearly four years – to $70.8 billion, although exports retained their momentum.Latest data released by the commerce department on Monday estimated that exports rose 15.4% to $40.4 billion, but it was…
NEW DELHI: The domestic pharmaceutical retail market is showing its strongest signs yet of a shift from price-led to demand-led growth. Volume growth crossed 3% in June, the first time in 24 months after hovering at around 1-2% during the first five months of the year.Encouraged by the strong trend during Jan to June, the…
NSE’s benchmark to define real estate sector performance The Nifty Realty Index is a sectoral stock market index of the National Stock Exchange (NSE) that is benchmark of the performance of country’s listed real estate companies. It is designed to reflect the movement of companies primarily engaged in the construction and development of residential and…
The renewed interest from foreign investors could help extend the recovery in the benchmark NSE Nifty 50 index. (AI image) Foreign investors seem to be turning bullish on Indian equities again with more than $1 billion invested in the last week. Goldman Sachs Group Inc. has projected that these overseas inflows could strengthen further as…
The Supreme Court allowed the appeal, set aside the judgments of the Delhi High Court and the Additional Rent Controller, and restored the eviction order passed by the Additional Rent Control Tribunal. (AI image) The Supreme Court has held that tenancy rights transferred from one bank to another under a scheme of amalgamation framed under…
SC asks Centre to place rules before it within 2 weeks NEW DELHI: The Supreme Court on Monday directed the Centre to place before it, within two weeks, the rules framed under the Bharatiya Vayuyan Adhiniyam, 2024, while hearing a plea seeking regulatory guidelines to curb the “unpredictable fluctuations” in airfares and ancillary charges imposed…
NEW DELHI: Centre on Monday firmly rejected reports claiming that India was delaying an interim trade agreement with the United States, calling them “completely false, baseless and misleading” and asserting that negotiations between the two countries remain on track.The clarification came after a Reuters report claimed that India was unwilling to rush into a trade…
Housing sales and prices in Dubai plunged to Middle East war Dubai’s residential property market slowed down in the first half of 2026 as geopolitical tensions in West Asia weighed on buyer sentiment, with housing sales falling 16 per cent year-on-year, according to real estate consultancy Anarock.Residential transactions totalled AED 225.7 billion during the January-June…
The final equity payment to Shell will be calculated after taking into account adjustments related to debt, cash and other items outlined in the transaction agreements. (AI image) Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in…
