Business

Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has secured fresh orders worth Rs 585 crore since its last disclosure on June 5, the company said in a stock exchange filing.Major components of the new orders include fire control and sighting systems for missiles, communication equipment, jammers, spares, and services, according to the disclosure filed with the NSE on …

River Island plans to close 33 shops in the UK in a move which puts hundreds of jobs at risk. The clothing retailer said more people shopping online and higher costs to run stores were behind its proposals to creditors. It also wants its landlords to cut rents at a further 71 stores which are at risk. The family-owned retailer …

BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, has announced a $100 million third fund, its largest to date. The fund has completed its first close with more than 50% of the capital already committed and has begun deploying capital with two investments already made.Founded by Richa Bajpai, Campus Fund is registered as a Sebi …

ITR filing FY 2024-25: Pre-filling of ITR forms has several advantages. (AI image) Income Tax Return Filing FY 2024-25: The Income Tax Department has been aiming to make the e-filing of income tax returns easier for taxpayers, and one such step in that direction is pre-filled ITR forms. If you have been filing tax returns, you would know that the …

RBI Governor Sanjay Malhotra said a front-loaded interest rate cut would offer clarity and confidence to economic agents and support growth as the global environment remains volatile, according to minutes of the June monetary policy meeting released on Friday.The Monetary Policy Committee (MPC), headed by Malhotra, cut the repo rate by 50 basis points on June 6, marking the second …

Liv McMahon Technology reporter Getty Images The BBC is threatening to take legal action against an artificial intelligence (AI) firm whose chatbot the corporation says is reproducing BBC content “verbatim” without its permission. The BBC has written to Perplexity, which is based in the US, demanding it immediately stops using BBC content, deletes any it holds, and proposes financial compensation …

US stocks traded in a narrow range on Friday, returning from the Juneteenth holiday to a market still clouded by geopolitical uncertainty and inflation concerns. The S&P 500 slipped 0.2% in midday trading, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average rose 45 points, or 0.1%, as of 11 am Eastern Time.Bond yields were largely steady after …

Tesla’s first retail location is scheduled to open in Mumbai by mid July. (AI image) Elon Musk-led Tesla plans to inaugurate its first showrooms in India this July, according to informed sources, marking its official entry into the world’s third-largest car market, as the company seeks expansion amidst declining sales in European and Chinese markets.The company’s first retail location is …

AI image means for representation only India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion in the week ended June 13, according to data released by the Reserve Bank of India (RBI) on Friday.This follows a $5.17 billion increase in the previous week, taking the total gains over two weeks to nearly $7.5 billion, PTI reported. The all-time …

The ongoing conflict in the Middle East has so far had a limited impact on Indian companies’ global trade exposure, but any escalation could pose risks to key sectors, CRISIL Ratings said in a report.While global crude prices have remained volatile amid the tensions between Israel and Iran, India’s direct trade with both countries is under 1% of total foreign …