Business

[ad_1] NEW DELHI: The Adani Group has ended its partnership with Chinese company DragonPass, which is a platform offering airport lounge access service. Adani currently runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram and is building the upcoming one at Navi Mumbai.“Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers,” said a spokesperson for Airport Holdings.DragonPass is a global platform that offers lounge access and travel-related privileges to cardholders and subscribed members. The brief tie-up was aimed at extending those services to passengers transiting through Adani-operated airports. [ad_2] Source link

[ad_1] Walmart reported a dip in first-quarter profit on Thursday and said it will raise prices due to mounting tariff-related costs stemming from policies implemented by President Donald Trump.While the retail giant posted strong sales, it acknowledged growing challenges that could weigh on future performance.The company earned $4.45 billion, or 56 cents per share, for the quarter ended April 30, compared to $5.10 billion, or 63 cents per share, in the same quarter a year earlier. Adjusted earnings per share came in at 61 cents, surpassing analyst expectations of 58 cents, according to FactSet as reported by news agency AP.Revenue increased 2.5% year-over-year to $165.61 billion, slightly below Wall Street projections. Walmart's US comparable sales—which include physical stores and online platforms—rose 4.5%, down slightly from the 4.6% growth in the previous quarter and the 5.3% jump seen in the third […]

[ad_1] Wall Street slipped Thursday morning as markets digested a surprise drop in US wholesale prices and oil tumbled on growing optimism over a potential nuclear agreement between the United States and Iran.The Dow Jones Industrial Average fell 170.92 points, or 0.41%, to 41,880.14 at the initial minutes of market opening. The Nasdaq Composite dropped 83.94 points (-0.44%) to 19,062.87, while the S&P 500 slid 15.44 points (-0.26%) to 5,877.14.The downward momentum followed new data from the US Lavor Department showing that wholesale prices fell 0.5% in April, marking the first monthly decline since October 2023 and the sharpest drop in five years. The producer price index (PPI) rose 2.4% year-over-year, decelerating from a 3.4% increase in March, defying expectations of a modest monthly gain.Core wholesale prices — which exclude food and energy — dropped 0.4% from March and were […]

[ad_1] The government should ramp up efforts on programmes like the Smart Cities Mission and AMRUT to promote greener urban development and strengthen ecological resilience, a new report by the State Bank of India (SBI) recommended.According to the report, these initiatives are crucial in managing India’s rapid urban growth while safeguarding the environment. It explained that these schemes are playing a key role in aligning environmental sustainability with urban expansion, supporting what the report termed a "U-shaped hypothesis".What is a U-shaped hypothesis? Under this theory, the initial phases of urbanisation typically result in forest loss, but as it reaches a more advanced stage, particularly beyond the 40% mark, stronger environmental policies kick in, helping forest cover recover and improving land-use planning. This helps in enhancing the institutional capacity which in turn balances urban expansion along with environmental conversation.To maintain long-term […]

[ad_1] The United States maintains its position as India's primary trading partner. (AI image) India-US trade deal: US President Donald Trump on Thursday claimed that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs". Trump said that India has proposed eliminating import duties on American products. Trump said that Indian authorities have put forward a proposition that would essentially remove all import taxes on US merchandise.The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India."It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives […]

[ad_1] IFFCO shall provide advanced Nano Fertilisers, Bio-stimulants. (AI image) Indian Farmers Fertiliser Cooperative Limited (IFFCO), recognised as the world's largest processed fertiliser cooperative and a prominent prominent player in agri-input manufacturing and marketing, has established a strategic collaboration through a Memorandum of Understanding (MoU) with the Foundation for Development of Rural Value Chains (FDRVC). The FDRVC, established as a not-for-profit organisation under the Ministry of Rural Development's initiative, focuses on supporting producer-owned collective enterprises (PE) with professional management. This collaborative effort seeks to strengthen Farmer Producer Organizations (FPOs) throughout India by improving their access to innovative, sustainable and premium agricultural inputs. The initiative is expected to benefit over 800 FPOs and one million farmers nationwide.The formal MoU signing ceremony was conducted between Yogendra Kumar, Marketing Director of IFFCO, and Bipin Bihari, CEO of FDRVC.Under this partnership, IFFCO shall provide […]

[ad_1] In 2025, TCS achieved the top position as Europe's IT service provider for customer satisfaction. Tata Consultancy Services has achieved recognition as one of the top 100 valuable global brands in Kantar BrandZ Most Valuable Global Brands 2025 Report. The company's brand value reached $57.3 billion, showing significant growth of 28% compared to the previous year.A separate independent assessment by Momentum-ITSMA revealed that TCS achieved 95% aided brand recognition amongst business leaders across 26 nations globally. This marks a substantial increase from the 29% awareness level recorded in the same survey in 2010, according to the company's press release quoted by ET."This growth in brand value and equity highlights TCS' sustained brand building efforts, including high-impact global sports partnerships, customer-centric innovation, and consistent marketing excellence," the IT major said in a statement."For two decades, Kantar BrandZ has acknowledged the […]

[ad_1] Should you buy or sell gold, and what are the gold and silver price levels you should watch out for? (AI image) Gold and silver price prediction: Gold prices have dipped sharply in the last few days while silver prices are showing strength. Even as some geopolitical tensions around the world weigh, there are signs of the dollar gaining favour. In such a scenario, what is the outlook for gold and silver prices? Should you buy or sell gold, and what are the gold and silver price levels you should watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views:MCX GoldGold prices witnessed a sharp 5% decline last week, bringing the precious metal down to a critical support level near ₹92,000. This level holds significant technical importance, and as long as it […]

[ad_1] MUMBAI: Following an understanding reached between India and Pakistan over the weekend on the stoppage of military action, a semblance of normalcy seems to be setting in the border towns.Businesses are largely resuming full operations, and employees are returning to offices in these areas. Companies with a wider coverage of manufacturing and other processes, however, are treading with caution, ready to maintain operational flexibility and precautionary measures if the need arises. They are tracking directives from the local authorities and the situation on the ground.As of Monday night, there were drone intrusions in some border areas, resulting in blackouts in places like Amritsar despite the ceasefire, TOI reported. Mother Dairy stated that it is fully operational as of now but continues to be watchful.“We have operations in procurement, processing, and sales in select markets of the bordering states of […]

[ad_1] Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Havells, Adani Energy Solutions Ltd, and HCL Technologies Ltd are the top buy calls for today.Here’s his view on Nifty, Bank Nifty and the top stock picks for May 15, 2025:Index View: NiftyFrom ending at 3 week low last week to claiming back to 6 month high – markets have broken out of its previous range seen between 23900 and 24400. A new range window has now opened up on Nifty between 24400 – 25400 with volatility seen at elevated levels for the balance of this week. All the sharp gains at the start of this week were on the back of the ceasefire agreement announced over the weekend added by a sweetener […]