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D-St rout wipes out ₹5 trillion in M-cap amid AI fears, tariff tensions

D-St rout wipes out ₹5 trillion in M-cap amid AI fears, tariff tensions

The market capitalisation of companies listed on the BSE plunged by over ₹5 trillion on Tuesday, weighed down primarily by technology stocks and renewed tariff tensions.

The market cap of BSE-listed stocks fell by ₹5.16 trillion to ₹468.52 trillion with the benchmark indices falling over 1 per cent.

US imposes 126% initial duty on Indian solar imports over subsidy concerns

US imposes 126% initial duty on Indian solar imports over subsidy concerns

The Trump administration set preliminary duties of 126 per cent on solar imports from India after determining the country unfairly subsidised manufacturing.

The US Commerce Department also set initial duties from 86 per cent to 143 per cent for Indonesia and 81 per cent for Laos.

Air India technical incidents like fuel leaks hit 14-month high in January

Air India technical incidents like fuel leaks hit 14-month high in January

Technical incidents such as engine oil and fuel leaks affecting Air India flights reached the highest rate in at least 14 months in January, a company document shows, underscoring growing strain on the carrier's revamp ambitions.

India's second-largest airline has come under ​scrutiny from the country's safety regulator since a crash last year killed 260 people.

Bengal SIR: SC allows Jharkhand, Odisha judicial officers for verification

Bengal SIR: SC allows Jharkhand, Odisha judicial officers for verification

The Supreme Court on Tuesday permitted the chief justice of the Calcutta High Court to deploy additional civil judges with at least three years of experience to expedite verification of claims and objections under the Election Commission’s (EC) Special Intensive Revision (SIR) of voter rolls in West Bengal. The top court also noted that if additional manpower is required, the chief justice can seek serving or retired judicial officers of similar rank from Jharkhand and Odisha.

AI transition will be painful but IT industry will reinvent: HCLTech CEO

AI transition will be painful but IT industry will reinvent: HCLTech CEO

The information technology (IT) industry is going through a “painful transition” due to AI but writing its obituary is wrong, said C Vijayakumar, chief executive officer and managing director of HCLTech.

Indian-American venture capitalist Vinod Khosla last week said that artificial intelligence could render traditional employment obsolete within decades and disrupt India’s outsourcing industry.

Suzlon appoints Ajay Kapur as Group CEO, forms new executive council

Suzlon appoints Ajay Kapur as Group CEO, forms new executive council

Renewable energy solution provider Suzlon on Tuesday appointed Ajay Kapur as the Group CEO.

The company also elevated J P Chalasani to the newly formed Group Executive Council.

Aligned with Suzlon 2.0 vision, Suzlon forms a Group Executive Council (GEC) to steer strategic direction and appoints Ajay Kapur as Group CEO to drive scale and business transformation across the group, the company said in a statement.

Centre aims to raise ₹1.79 trillion from IPOs of state-run firms by 2030

Centre aims to raise ₹1.79 trillion from IPOs of state-run firms by 2030

India aims to raise ₹1.79 trillion ($19.7 billion) from selling stakes in state-run ​firms through initial public offerings by the 2029/30 ​financial year, it said on Monday.

The IPOs will be part ‌of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.

Countries 'playing games' on trade deals will face more tariffs: Trump

Countries 'playing games' on trade deals will face more tariffs: Trump

US President Donald Trump on Monday warned countries against backing away from recently negotiated trade deals with the US after the Supreme Court struck down his emergency tariffs, saying that he would hit them with much higher duties under different trade laws.

Amazon opens 12-storey office in Bengaluru, company's 2nd largest in Asia

Amazon opens 12-storey office in Bengaluru, company's 2nd largest in Asia

E-commerce giant Amazon on Monday announced the opening of a new office in Bengaluru, its second-largest in Asia. The company’s largest office space is in Nanakramguda, Hyderabad.

The Bengaluru office space, which spans 1.1 million square feet, is a 12-storey campus that can support over 7,000 employees across e-commerce, operations, payments, technology, and seller services in India.

'Too early to comment': FM Sitharaman on impact of US tariff changes

'Too early to comment': FM Sitharaman on impact of US tariff changes

Finance Minister Nirmala Sitharaman on Monday said it is too early to comment on the tariff changes announced by the United States and the commerce ministry is reviewing the situation.

On Friday, the US Supreme Court gave a verdict against the sweeping import tariffs imposed by the Trump administration on trade partners.

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