MUMBAI: The recent steep rise in the price of gold has catapulted the total estimated value of the yellow metal with Indian households to over $5 trillion, pegging it at about 125% of the country’s GDP. However, this massive gold purchase year after year “represents a conversion of financial savings (bank deposits) into physical assets….
NEW DELHI: The proposed India-EU free trade agreement (FTA) is expected to improve access to technology and create new opportunities for localisation and exports, Skoda Auto Volkswagen India MD and CEO Piyush Arora told TOI. “The FTA strengthens our strategy of developing products in India for the Indian market, while also creating opportunities for exports……
Scientists have made an astonishing finding that brings us closer than ever to the concept of ‘Green Mars’, by discovering a desert moss species – Syntrichia caninervis – which may be able to act as a pioneer in colonising the Red Planet. A paper published in The Innovation (Cell Press) details the abilities of this…
MUMBAI: HDFC Bank‘s interim chairman Keki Mistry said the bank’s management reviews every issue and takes corrective action. His comments come in the wake of the sudden resignation of former chairman Atanu Chakraborty three days ago, citing misalignment between certain practices and his values and ethics.Chakraborty’s exit has been marked by investor anxiety, sharp market…
MUMBAI: As the global markets enter the fourth week of the war in West Asia, in the domestic market oil & gas, banking and auto stocks are expected to be the main focus of Dalal Street investors in the new but truncated trading week. During the first three weeks, as crude oil prices jumped about…
MUMBAI: Kotak Mahindra Bank said on Saturday that its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell close to 31% stake in Infina Finance – a capital market lending arm – to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman, Aryavir, and Nishtha Jhunjhunwala Discretionary Trusts, Derive Trading and Resorts,…
HDFC Bank CEO and MD Sashidhar Jagdishan said in an interview with TOI that there were matters on which he and the former chairman agreed to disagree, and these were dealt with maturity on the board, and his resignation came as a surprise. However, Chinese whispers gave these a dramatic flavour outside.When did you come…
Planting trees is often described as a simple way to deal with climate change. The idea is easy to understand. Trees take in carbon dioxide and store it. Forests also support wildlife and help regulate water systems. Because of this, many governments and companies have promised to plant large numbers of trees. The expectation is…
India’s Koneru Humpy (PTI Photo) Top Indian Grandmaster Koneru Humpy has announced her decision to withdraw from the FIDE Women’s Candidates Tournament, citing personal safety and well-being as her primary concern. The tournament, which begins on March 28 at the Cap St Georges Hotel and Resort in Pegeia, Cyprus, is the only pathway to the…
Former cricketer Suresh Raina (PTI Photo) Chennai Super Kings on Sunday unveiled a major milestone in their history by inducting Suresh Raina and Matthew Hayden into the franchise’s inaugural Hall of Fame. The honour was announced during their fan engagement event “Roar’26” held at the MA Chidambaram Stadium in Chennai.Raina, one of the most iconic…
