Business

Nomura initiated its coverage of Lloyd Metals with the target price at Rs 1,600. Analysts said that supported by low-cost iron ore assets to 2057, vertical integration into steel, predictable (MDO) earnings, and diversification into copper, LMEL is transitioning from a pure-play miner to a more stable, diversified and less cyclical business model. They estimate…

MUMBAI: Worldline will sell its India payments arm to BillDesk for 60 million euros in equity. The deal includes a long-term software pact where BillDesk keeps using Worldline tech. Worldline will continue to keep India as a talent/innovation hub and evolve its Global Capability Centers into AI-first innovation hubs for automation/GenAI/agentic-AI at scale for Western…

New Delhi: Barring Vodafone Idea (Vi), no other telecom company is going to get any relief on their adjusted gross revenue (AGR) dues as govt will not step outside the Supreme Court’s mandate, telecom minister Jyotiraditya Scindia said Wednesday. “We are operating under an SC verdict. As far as AGR is concerned, it is based…

Mumbai: Calling GenAI a civilisational shift, TCS CEO K Krithivasan said the company is not afraid of the technology disrupting livelihoods and is prepared to cannibalise its own revenues if needed, leveraging AI to deliver client outcomes more effectively. “We are telling associates that if you find you can do something faster, better and cheaper…

MUMBAI: Indian startups have laid off more than 4,500 employees since July last year, data sourced from executive search firm Longhouse Consulting showed. The sudden ban on online real-money gaming which nudged many startups to shut overnight has pushed the numbers up but much of it also has to do with the selective flow of…

MUMBAI: Scheduled commercial banks have regained market share in financing the commercial sector in FY26 up to Jan 31 by expanding non-food credit faster than the overall resource pool, reversing a contraction seen in FY25 amid a surge in equity issuances and non-bank funding.Data for FY26 up to Jan 31, 2026 released in RBI’s bulletin…

US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points,…

A 7,400 sq ft apartment at DLF The Camellias in Gurugram has been purchased by Berkshire Hathaway’s Ajit Jain. The vice-chairman overseeing insurance operations at Berkshire Hathaway, Ajit Jain, is regarded as one of Warren Buffett’s most trusted associates. The apartment has been bought for around Rs 85 crore, according to sources quoted in an…

Russian and Iranian oil producers are reportedly offering deeper discounts to compete for the same limited pool of Chinese buyers after India pulled back from purchases. Analysts say India’s imports from Russia could fall by 40 per cent from January levels, to around 600,000 barrels a day, according to a scenario from Rystad Energy, as…