Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Railways utilised 98 pc of its budget for FY26: Ashwini Vaishnaw
New Delhi: Indian Railways utilised 98 per cent of its budget for FY26, reflecting the pace of execution of projects, and in the days to come, trains will dominate flights on several…
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Saudi: Aramco sees 25 pc more profit after shifting exports from Hormuz
Aramco, the world’s largest oil company, said on Sunday, May 10, its first quarter profit jumped 25 per cent as the Iran war disrupted oil supplies and raised prices. Dhahran, Saudi Arabia-based…
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Royal Enfield announces Rs 2,200 Cr AP plant amid Kolar showroom Kannada row
Bengaluru: Leading two-wheeler manufacturer Royal Enfield has announced plans to establish a massive new manufacturing facility in Andhra Pradesh with an estimated investment of Rs 2,200 crore, a move expected to generate…
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Rupee falls 45 paise to 94.67 against US dollar in early trade
Mumbai: The rupee depreciated 45 paise to 94.67 against the US dollar in early trade on Friday, as Brent crude prices rose back to USD 101.00 per barrel after US and Iranian…
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Hyderabad-based Skyroot Aerospace becomes India’s first space-tech unicorn
New Delhi: Hyderabad-based private space launch startup Skyroot Aerospace on Thursday, May 7, said it has raised $60 million in a fresh funding round led by existing investors Sherpalo Ventures and Singapore’s…
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Alcoholic beverage industry seeks price hike amid rising costs from West Asia crisis
New Delhi: Alcoholic beverage makers have sought a reasonable price hike from state governments to deal with pressures arising out of rising can and bottle costs due to supply chain disruptions triggered…
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Andhra bags Royal Enfield’s Rs 2,200 crore first expansion project outside Tamil Nadu
Amaravati: Royal Enfield, a motorcycle manufacturer owned by Eicher Motors, will invest Rs 2,200 crore to establish a manufacturing facility and vendor park at Satyavedu in Tirupati district, marking the company’s first…
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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…
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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…
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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…
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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)…
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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…
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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…
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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…
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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…
