Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
-
Vodafone Idea shares surge over 5 pc
New Delhi: Shares of Vodafone Idea jumped over 5 per cent on Wednesday, May 6, as Aditya Birla group Chairman Kumar Mangalam Birla will now steer the debt-ridden firm as its new…
-
Samsung crosses USD 1 trillion valuation as AI boosts demand for chips
Samsung Electronics is now worth USD 1 trillion, joining a tiny club of the world’s most valuable companies, after a global rush to build artificial intelligence (AI) systems sent demand for its…
-
Indian companies announce USD 1.1 bn investment in US, to create 1,500 jobs
Washington: Indian companies on Tuesday, May 6, announced USD 1.1 billion investments in the US spanning aerospace, defence, energy and artificial intelligence sectors. The announcement was made at the SelectUSA Investment Summit…
-
BASF to set up two major GCCs in Hyderabad, 3,000 jobs expected
Hyderabad: BASF, short for Badische Anilin- & Soda-Fabrik, a German chemical manufacturer, has shown interest in establishing two Global Capability Centres (GCCs) in Hyderabad. The company submitted a Letter of Intent (LoI)…
-
Over 800 luxury homes sold in Hyderabad, Bengaluru, Chennai in FY26: Report
Hyderabad: Three southern cities, Hyderabad, Bengaluru and Chennai, saw a combined sales of 811 ultra-luxury homes, each costing Rs 10 crore or above, during the last fiscal for a total amount of…
-
India, Jamaica agree to boost trade, skilled mobility: Jaishankar
Kingston: India and Jamaica agreed to further strengthen trade linkages and explore cooperation for recruitment and mobility of skilled professionals, including healthcare workers and teachers, External Affairs Minister S Jaishankar said. Addressing a…
-
Groundbreaking ceremony of Rs 453 crore ITP Aero Facility held in Hyderabad
Hyderabad: Telangana IT and Industries Minister D Sridhar Babu on Tuesday, May 5, performed a groundbreaking ceremony for the ITP Aero Facility project at Shamshabad. The new facility is being established at…
-
Pakistan resumes alcohol exports after 50 years
Karachi: Pakistan’s only locally-owned brewery has started exporting alcohol, a product that continues to remain banned for the country’s majority Muslim population for nearly five decades now. Murree Brewery has started exporting…
-
Stock markets drop in early trade on renewed geopolitical concerns
Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday, May 5, amid fresh tensions in the Strait of Hormuz region. The rupee falling to all-time low of 95.40…
-
Rupee falls 39 paise to close at all-time low of 95.23 against US dollar
Mumbai: Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday, as the ongoing Middle East tensions are causing volatility in global markets, keeping…
-
India’s LPG consumption slides 16 pc in April amid West Asia conflict
New Delhi: India’s cooking gas LPG consumption fell by a steep 16 per cent in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and…
-
BHEL Q4 net profit jumps two-fold to Rs 1,290 crore
New Delhi: State-owned BHEL on Monday posted a two-fold jump in consolidated net profit to Rs 1,290.47 crore during the quarter ended March 31, supported by growth in revenues. It had reported…
-
Historic halt: Kuwait exports no crude oil in April, first since 1991 Gulf War
Kuwait exported no crude oil in April 2026, marking the first such stoppage since the aftermath of the Gulf War, according to ship-tracking platform TankerTrackers. In a post on X on Saturday,…
-
Fact check: Does producing 1 litre of ethanol take 10,000 litres of water?
Hyderabad: A number has been doing the rounds – 10,790 litres, the amount of water needed to produce just one litre of ethanol from rice. The figure has since led to a sharp…
-
Delivery platforms act to protect workers as temperatures cross 40 degrees
New Delhi: As brutal heatwaves sweep across large parts of India, pushing temperatures well above 40 degrees Celsius, the spotlight has once again turned to the millions of gig workers who form…
