One of the main reasons for the depreciation of INR has been the broad-based strength of the USD The rupee fell 4 paise to an all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in the rupee was largely because of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic...Read More
The UK's FTSE 100 gained as energy shares rose along with oil prices, and EasyJet hit an eight-month high after positive brokerage reviews. The energy sector was buoyed by oil price increases, while miners saw gains due to copper pricing rebound. Other market movements included Marston's and SSP Group surging due to robust profit reports. On Tuesday, the UK's FTSE 100 benchmark rose, driven primarily by an uptick in energy shares following a hike in oil prices. The energy sector recorded a 1.7%...Read More
Asian stocks experienced an upswing, primarily driven by the tech sector's performance following record highs on Wall Street. The market was influenced by U.S. interest rate speculations and France's political instability. Meanwhile, the Chinese yuan dropped due to tariff threats, impacting regional indices differently. Asian markets witnessed a notable boost as tech stocks surged, building on Wall Street's record-breaking performance. The uptick comes amid significant attention on U.S. interes...Read More
BANGKOK: China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications. The Chinese Commerce Ministry announced the move a day after Washington broadened its crackdown on China's semiconductor industry - its third in three years to export controls on computer chip-making equipment, software and high-bandwidth memory chips. Such chips are needed for advanced applications....Read More
Airbus, Thales, and Leonardo are planning Project Bromo, a joint space company to compete with Starlink. This initiative aims to consolidate European satellite assets into a single entity, creating a new satellite champion modeled on MBDA. The proposal comes amid impending job cuts and challenges in Europe's space sector. Airbus, Thales, and Leonardo are in discussions to form a new joint space company, dubbed 'Project Bromo,' aimed at rivaling Elon Musk's Starlink. This ambitious plan seeks to...Read More
Air New Zealand is cutting domestic flights, citing weak economic conditions, with a 2% seat reduction planned between February and June next year. Air New Zealand has revealed plans to further scale back its domestic flight services, pointing to unfavorable economic conditions as the driving factor behind the decision. The airline highlighted the need to adjust its operations in response to a weakening domestic market, aiming to strike a balance between market demands and financial sustainabil...Read More
Why Is Indian Railways Called Indian Railways, Not Indian Railway? UPSC-Level Question Solved Months after India and China reached a deal to end border deadlock, External Affairs Minister S Jaishankar has flagged challenges that the two countries are facing. Speaking in the Lok Sabha, External Affairs Minister S Jaishankar said that India is committed to engaging with China to arrive at a fair and mutually acceptable framework for boundary settlement. The External Affairs Minister noted that In...Read More
Kochi: The 14 exotic birds seized from two passengers at the Cochin International Airport Limited (CIAL) here on Monday have been sent back to Thailand, while the mother-son duo arrested for smuggling the avians have been produced before the court. The Customs seized the birds from Thiruvananthapuram natives Bindumol and her son Sarath as they landed in Kochi airport from Thailand on a Thai Airways flight on Monday. The officials then handed over the passengers to the Forest Department, and the...Read More
HDFC bank's m-cap last breached the Rs 14 lakh crore mark on November 28 during intraday trade, before the stock settled below Rs 1,800 In a significant block deal on Tuesday, 21.7 lakh shares of HDFC Bank were sold, according to Bloomberg. This transaction led to a rise in the bank's market capitalization, surpassing Rs 14 lakh crore during morning trading, with shares increasing by as much as 2% to Rs 1,837 on the BSE. Although the identities of the buyers and sellers remain undisclosed, the...Read More
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perc...Read More
Fresh off her recent victory at the Syed Modi International Badminton Championship last week, PV Sindhu is back in news with that special announcement as she is set to embark on a new journey -- this time off the court. The two-time Olympic medallist and former world champion will marry Venkata Datta Sai, an executive director at Posidex Technologies, on December 22 in Udaipur. Sindhu's Syed Modi victory marked the end of a title drought, reinforcing her position as one of India's greatest badmi...Read More
Accor, a world-leading hospitality group, proudly announces the signing of Novotel Agra Fatehabad Road, marking the debut of the Novotel brand in Agra City. Set to open in 2029, this new address will exemplify Novotel's commitment to championing balanced living, balancing business and leisure to create a seamless experience for guests visiting the home of the iconic Taj Mahal. Spanning 13,000 square meters, Novotel Agra Fatehabad Road will offer 275 intuitively designed rooms starting at 28 squ...Read More
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a ke...Read More
Technological advancements are transforming plantation practices, offering solutions for improved efficiency and sustainability. Tools like AI-driven systems, automated machinery, and data analytics are helping farmers optimize resources and boost productivity. Experts highlight the environmental benefits of these technologies. "Smart soil sensors are a game-changer for modern farming," said Arav Agarwal, an innovator. "They not only help conserve water but also enable farmers to maintain healt...Read More
Granules India shares slipped sharply in trade, down nearly 10% after the company informed that US FDA has classified the inspection at Gagillapur facility in Hyderabad, Telangana as an 'Official Action Indicated' (OAI). The exchanges were informed about an inspection at the facility on September 7, which had resulted in a Form 483 issuance with six observations. Now, Granules India has said that it has responded to 'all the observations' issued by the USFDA. "The Company has responded to all ...Read More
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, an...Read More
Investing.com -- European markets opened higher on Tuesday, although investor attention is fixed on unfolding political challenges in France this week. At 3:17 ET (8:17 GMT) Germany's DAX index gained 0.5%, France's CAC 40 increased by 0.8%, and the UK's FTSE 100 advanced 0.4%. Data releases on the agenda for Tuesday include U.K. retail sales figures and Spanish unemployment data. France's markets will be under close scrutiny as Prime Minister Michel Barnier invoked special constitutional mea...Read More
NEW DELHI: In a major boost to tourism in Jammu and Kashmir, Uber has officially launched its Shikara booking service in the picturesque Dal Lake, offering a seamless and convenient way for tourists to enjoy one of the region's most iconic experiences. Tariq Ahmad, a houseboat owner, welcomed the launch, calling it "a very good step for both Shikara owners and tourists." "It provides a new attraction for visitors, allowing them to experience the beauty of Dal Lake with ease and reliability," h...Read More
Rohit Jetly, who until recently served as the country head for India at global investment and retirement savings business Fidelity International, was given additional responsibilities. His expanded role now includes overseeing technology and operations for the company's global platform solutions (GPS) division. Its HR head, Upasna Nischal, succeeds Jetly as the new India site leader. These changes reflect Fidelity International's commitment to strengthening its leadership and capabilities in the...Read More
LONDON - South32 (OTC:SOUHY) Limited (ASX / LSE / JSE: S32; ADR: SOUHY), the globally diversified mining and metals company, announced the appointment of Stephen Pearce and Mandla Msimang as independent Non-Executive Directors to its Board, effective from February 1, 2025. Both Pearce and Msimang will seek election by shareholders at the company's 2025 Annual General Meeting. Stephen Pearce brings over two decades of directorship experience and is currently serving on the board of BAE Systems (...Read More
SAS supports Denmark's plan to expand Copenhagen Airport, boosting global reach, economic growth, and connectivity for travelers and businesses alike. The Danish government's bold decision to secure a controlling stake in Copenhagen Airport marks a transformative step in enhancing Denmark's infrastructure and global connectivity. This forward-thinking move ensures a cohesive approach to the airport's development as a world-class hub, aligning with the nation's long-term strategic goals, accordi...Read More
Stock market today: The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). According to Trendlyne, an equity research platform, Nifty 50 is above its 100-day EMA of 24,306 and 50-day EMA of 24,364...Read More
China has enacted an immediate ban on the export of dual-use items related to gallium, germanium, antimony, and superhard materials to the U.S., in response to Washington's latest crackdown on the Chinese chip sector. The new curbs, citing national security, will require stricter reviews for graphite dual-use exports, escalating trade tensions between the two nations....Read More
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie...Read More
US, Spain, Thailand, China, Tokyo, Munich, and more will showcase Marriott International's trailblazing luxury experiences, offering transformative travel in 2025. At the International Luxury Travel Market (ILTM) in Cannes, Marriott International, Inc. has unveiled an exciting new phase of global expansion. The Luxury Group is introducing a range of innovative brand extensions, including luxury tented camps, remote lodges, and personalized experiences, all designed to elevate Marriott's positio...Read More
AirAsia has expanded its presence in Vietnam with the introduction of a direct route from Kota Kinabalu to Ho Chi Minh City, effective today. The first flight took off from Kota Kinabalu International Airport at 11:45 AM, arriving at Tan Son Nhat International Airport in Ho Chi Minh City at 12:55 PM, boasting a remarkable 96% passenger load. This launch marks AirAsia's 16th international route operated by AirAsia Malaysia (flight code AK) from Kota Kinabalu. This new service supports Malaysia'...Read More
The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk's news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Face...Read More
In an exclusive interview with FinTech Magazine at Money20/20, Matthew Van Buskirk, Co-founder and CEO of Hummingbird Regtech, discusses how the company is enabling data to be labelled at ease through the use of artificial intelligence. Hummingbird positions itself as an AI enablement company, addressing a critical challenge in the financial sector: the lack of well-labelled, clean training data. "From the day we launched, we saw that deploying effective machine learning or AI capabilities in ...Read More
Though controversial, some research suggests that blood-type-specific diets may help optimize health. Consult a professional before making drastic changes. The TOI Lifestyle Desk is a dynamic team of dedicated journalists who, with unwavering passion and commitment, sift through the pulse of the nation to curate a vibrant tapestry of lifestyle news for The Times of India readers. At the TOI Lifestyle Desk, we go beyond the obvious, delving into the extraordinary. Consider us your lifestyle comp...Read More
Complainant, Gadhagoni Chakradhar Goud, alleges surveillance used to damage reputation A case has been filed against Bharat Rashtra Samithi (BRS) leader and former minister Harish Rao at the Panjagutta Police Station in Telangana's Hyderabad in connection with allegations of illegal phone tapping . The complaint, filed by Gadhagoni Chakradhar Goud, a real estate dealer and former political candidate, also names senior police official Radha Kishan Rao in the case. In his written complaint, Gou...Read More