Federal Reserve Board Chairman Kevin Warsh speaks on inflation Federal Reserve chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers…
IGL has raised CNG prices in Delhi-NCR by Rs 3.89 per kg Compressed natural gas (CNG) consumers in Delhi and several other cities will have to pay more from Saturday, with Indraprastha Gas Ltd (IGL) announcing a Rs 3.89 per kg increase in prices amid a sharp rise in the cost of imported liquefied natural…
Meta India, SE Asia VP Devanathan joins OpenAI BENGALURU: Meta’s vice-president for India and Southeast Asia, Sandhya Devanathan, is leaving the social media giant after more than a decade to join OpenAI, where she will become vice-president for Southeast Asia and Australia.Devanathan will be based in Singapore and report to Kiran Mani, OpenAI’s managing director…
Peyman Kargar will become TVS Motor’s new Chief Executive Officer starting January 27, 2027 CHENNAI: TVS Motor Company, has appointed Peyman Kargar, currently president of international business, as its director and chief executive officer with effect from Jan 27, 2027. Kargar will succeed K N Radhakrishnan, who will continue as CEO until Jan 27 and…
Representative AI -generated image BENGALURU: Ford Business Solutions (FBS) plans to hire around 500 people in India in 2027, mainly in technology and data roles, as the automaker builds specialised capabilities in areas such as AI and connected vehicles while taking a more calibrated approach to overall workforce growth. The India global capability centre (GCC),…
Foreign currency assets rose by $9.482 billion to $591.333 billion during the reporting week (representative image) India’s foreign exchange reserves surged by $12.422 billion to a new all-time high of $729.328 billion in the week ended August 21, Reserve Bank of India (RBI) data showed on Friday.The country’s forex reserves have now risen for eight…
NEW DELHI: IndiGo Ventures, IndiGo’s corporate VC arm, will invest an undisclosed amount in Sarvam, India’s full-stack sovereign AI company, as part of Sarvam’s Series B round of funding. Announced Friday, the investment builds on the existing relationship between IndiGo and Sarvam who have been working together in multiple areas like enhancing customer experience and…
India is planning to send its first cargo ship through the Northern Sea Route in 2027. Donald Trump’s trade and tariff policies, sanctions risks, and the ongoing Middle East route disruptions have led economies like India to reassess their supply chain strategies. The US-Iran war and the Houthi attacks in the Red Sea have exposed…
Goldman Sachs estimated that total Gulf exports recently stood at 15 million to 16 million barrels per day (representative image) Oil prices were largely steady on Friday but remained on track for a sharp weekly decline as traders weighed stalled US-Iran diplomatic talks against a tentative and uneven recovery in crude flows through the Strait…
$3.8 billion Jio IPO gets Sebi approval Jio Platforms, the digital services arm of Mukesh Ambani-led Reliance Industries, has received approval from the Securities and Exchange Board of India (Sebi) for its proposed $3.8 billion initial public offering, paving the way for what could become India’s biggest listing.The market regulator approved the IPO on Friday,…
