Jefferies has a buy rating on Adani Enterprises with the target price cut to Rs 2,600 from Rs 2,750. Analysts said Adani Airports is facing near term traffic softness, delaying Navi Mumbai International Airport (NMIAL) ramp-up, but non-aero revenues and airport-led real estate monetisation continue to build. They also said that the company’s new energy…
New Delhi: A powerful new AI model is forcing govts, banks, and technology firms to rethink the rules of cybersecurity – and in India, the stakes may be even higher.Claude Mythos, developed by Anthropic, has demonstrated the ability to autonomously detect and exploit software vulnerabilities, including flaws that have persisted for decades. Early tests revealed…
New Delhi: After months of negotiations, govt and auto industry on Thursday reached a consensus on the proposed CAFE-3 fuel efficiency norms, with companies agreeing to most of the draft circulated last week, even as concerns remain over meeting stricter emission targets by FY32.TOI has learnt that officials told industry representatives that the thrust of…
As the European Union is set to widen its carbon border tax regime, Indian exports could face significantly higher carbon-related costs as the regime widens its scope, according to a report by the Global Trade Research Initiative (GTRI).The report said the European Parliament’s environment committee has proposed extending CBAM to around 180 additional steel- and…
Wipro on Thursday approved a Rs 15,000 crore share buyback, its largest so far, even as the IT major’s offer remains smaller than recent repurchases by peers Infosys and TCS, PTI reported.The company’s latest buyback surpasses its Rs 12,000 crore programme in 2023, but trails Infosys’ Rs 18,000 crore offer –the largest by any Indian…
Wipro reported a marginal decline in its March quarter profit even as revenue grew, with the IT major flagging a challenging global environment and cautious near-term outlook.The company posted a consolidated net profit of Rs 3,501.8 crore for Q4 FY26, down 1.89 per cent from Rs 3,569.6 crore a year ago, according to PTI.The dip…
‘No power is as costly as no power’ – Homi Jehangir Bhabha, the father of India’s nuclear programme, had once famously said. Several decades later, India’s nuclear energy ambitions have entered a decisive phase.On April 6, the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu achieved criticality, achieving a sustained nuclear chain reaction…
Benchmark indices Sensex and Nifty ended lower in a volatile session on Thursday as profit-taking in banking and financial stocks erased early gains after a sharp rally in the previous session.The 30-share BSE Sensex fell 122.56 points, or 0.16 per cent, to close at 77,988.68, while the NSE Nifty declined 34.55 points, or 0.14 per…
The Nagpur-Mumbai Samruddhi Expressway saw 1.55 crore vehicles in 2025-26, generating toll revenue of Rs 1,240.04 crore, marking a sharp rise from the previous fiscal.The toll collection was higher by Rs 499.41 crore compared to 2024-25, officials said, citing data from the Maharashtra State Road Development Corporation, according to PTI.The 701-km-long access-controlled corridor passes through…
India and Russia on Thursday held a round table to strengthen cooperation in the steel sector, focusing on supply chains, technology and research collaboration amid global uncertainties.A Russian delegation comprising industry representatives participated in discussions with Indian counterparts, enabling exchange of views on key issues such as raw material sourcing, technological collaboration, equipment manufacturing and…