Bengaluru: In a major boost to India’s aerospace ambitions, Airbus and Tata Advanced Systems Ltd (TASL) are teaming up to establish the country’s first privately-owned helicopter assembly plant in Kolar, Karnataka. The facility will produce Airbus’s top-selling H125 helicopters, marking a significant milestone in India’s “Make in India” initiative. This Final Assembly Line (FAL) will Read More…
New Delhi: In a significant relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITR) for the assessment year 2025. The new deadline is now September 15, 2025, replacing the earlier cutoff of July 31, 2025. The extension comes in light of key revisions to Read More…
Kochi: After soaring to record-breaking levels, gold prices in Kerala have taken a sharp dip, falling by a total of ₹2,280 over the past two days. On Tuesday, prices plummeted by ₹2,200 per sovereign, followed by an additional ₹80 drop today. The current rate now stands at ₹72,040 per sovereign and ₹9,005 per gram. The Read More…
Bengaluru: In yet another wave of job cuts, Indian IT major Infosys has terminated 240 trainee employees after they failed to clear internal assessment tests. This follows a similar move in February 2025, when the company laid off nearly 300 employees. The affected trainees had joined in October 2024, many of whom had been waiting Read More…
At TiE Con Mumbai 2025, Infosys founder N.R. Narayana Murthy voiced strong skepticism over India’s AI advancements, calling them overhyped and misleading. He criticized the misrepresentation of AI, arguing that many so-called breakthroughs are merely old algorithms repackaged under new labels rather than true innovations. Murthy asserted that while AI holds immense potential, India is Read More…
Gold prices have taken a sharp downturn, falling nearly 1% from their record highs, as President Donald Trump’s latest tariff announcements caused the U.S. dollar to strengthen. On February 3, 2025, spot gold fell to $2,784.30 per ounce, while U.S. gold futures dropped to $2,815.20 per ounce, after reaching an all-time peak just days earlier. Read More…
Gold prices in Kerala have surged once again, with the price of one tola of gold reaching ₹61,840, marking an increase of ₹960 in a single day. The price per gram has also risen by ₹120, now standing at ₹7,730. This marks a continued upward trend in gold prices, following the historic breach of ₹60,000 Read More…
Tata Consultancy Services (TCS) is launching a massive 37-acre campus in Kochi, Kerala, with an investment of ₹690 crore. This ambitious project, called the TCS Innovation Park, is set to house nearly 10,000 employees in phases, with the first phase slated to begin operations in the financial year 2023-24. The Kerala government has allocated 36.84 Read More…
Mumbai: The Indian rupee opened weaker, depreciating by 15 paise to trade at ₹83.10 against the US dollar as the dollar index surged to new highs. Buoyed by strong US economic data and expectations of additional Federal Reserve rate hikes, the dollar’s rally has intensified pressure on emerging market currencies, including the rupee. Traders attributed Read More…
Apple is reportedly in advanced discussions with Bharat Forge, a leader in precision engineering and manufacturing, to establish a component manufacturing base in India. This collaboration could mark a significant step in Apple’s efforts to diversify its supply chain and reduce reliance on China. Bharat Forge, known for its world-class engineering capabilities, is expected to Read More…