Buisiness

MUMBAI: Within 24 hours of Celebi’s exit from the ground handling scene, the Mumbai airport operator appointed an interim service provider to ensure that airlines and passengers are not affected.Celebi’s ground handling equipment will be leased by this company, and its employees will be transferred to this interim service provider to ensure continuity of service,…

NEW DELHI : Korean Hyundai will launch 26 new cars in India over the next five years, firing stiff competition in the industry as the company pumps in fresh investments and new vehicles to shore up market share amidst growing challenge from homegrown Mahindra & Mahindra and Tata Motors.The company said it will invest Rs…

India’s foreign exchange reserves rose by $4.553 billion to $690.617 billion for the week ended May 9, driven primarily by a significant increase in gold assets, according to data released by the Reserve Bank of India (RBI) on Friday.This marks a reversal from the previous reporting week, when reserves had declined by $2.065 billion to…

US markets showed slight gains in trading on Friday, continuing their recent upward momentum. With minimal news driving trading, market participants awaited the latest updates on consumer sentiment and inflation. The Dow Jones Industrial Average edged lower by 37.71 points to 42,285.04 (-0.09%), while the Nasdaq Composite rose 31.66 points to 19,143.98 (+0.17%) at the…

Gopichand P Hinduja (Image credit: Hinduja website) Gopi Hinduja and his family retained their position as Britain’s wealthiest, according to The Sunday Times Rich List, despite a drop in their overall fortune. The Hinduja family’s net worth now stands at £35.3 billion, down from £37.2 billion the previous year.Gopichand Hinduja, who belongs to the second…

Hyundai Motor India Ltd (HMIL) on Friday reported a 4% decline in its consolidated profit after tax (PAT) to Rs 1,614 crore for the fourth quarter ended March 31, 2025, attributed to lower sales in the domestic market.The automaker had reported a PAT of Rs 1,677 crore in the same period last fiscal.Despite the dip…

US President Donald Trump on Thursday announced a series of business deals worth more than $200 billion between American companies and the United Arab Emirates, marking a major milestone in trade relations between the two nations.The agreement confirmed a $14.5 billion deal involving US aviation giants Boeing and GE Aerospace, and UAE’s national airline, Etihad…

The company’s shares dropped by 222 points (10%) to TRY 2,002 on May 16, continuing a substantial downward trend. (AI image) Celebi share price crash after India ban: Celebi Hava Servisi AS shares plunged in trade on Thursday with a significant 10% decline on the Istanbul Stock Exchange following the Indian authorities’ withdrawal of security…

India seeks to enhance its energy procurement from the US, responding to President Donald Trump’s desire to address bilateral trade disparities. (AI image) The United States of America has become the world’s fourth largest supplier of crude oil to India, overtaking the UAE. According to Vortexa, an energy cargo tracking firm, India’s US crude imports…

Investors are actively buying into Indian defence stocks following India’s Operation Sindoor. (AI image) India-Pakistan tensions: Defence stocks in India and China tell an interesting tale after the India-Pakistan ceasefire. Post the Pahalgam terror attack, India launched Operation Sindoor to target terrorist camps in Pakistan and Pakistan occupied Kashmir. The neighbouring country’s resulting drone attacks…