Finance Minister Nirmala Sitharaman praised Delhi High Court Justice Pratibha Singh after her selection to lead the World Intellectual Property Organization’s Advisory Board of Judges. Singh will serve from 2025 through 2027 as the first Indian and Asian representative to chair the panel. The finance minister noted Singh’s expertise in intellectual property cases and her…
Microsoft paid Chief Executive Satya Nadella $96.5 million for the 2024-2025 financial year, marking his largest compensation package since he assumed leadership in 2014. The board credited his work in positioning the company at the forefront of artificial intelligence development. About 90 percent of his earnings came through stock awards while his base salary remained…
Gold purchases may decline after Diwali as prices prepare to drop when Indian markets reopen on Wednesday. International rates plunged 5.5 percent in the sharpest fall since August 2020. Domestic traders anticipate corrections bringing costs down to between 122,000 and 123,000 rupees per 10 grams. Silver declined more than 2 percent to trade near 47.60…
South Korean semiconductor shipments will surpass 165 billion dollars in 2025 as artificial intelligence applications drive demand for advanced chips. First Vice Industry Minister Moon Shin-hak announced the projection at a semiconductor industry event on Wednesday. The nation sold 119.7 billion dollars worth of chips between January and September, marking a 16.9 percent rise from…
Indian Railways will add approximately 7,800 special trains to accommodate travelers celebrating Diwali and Chhath festivals as authorities establish command centers to track passenger flow. Minister Ashwini Vaishnaw inspected New Delhi Railway Station and assessed preparations after reviewing operations from the Rail Bhawan coordination hub. Officials monitor congestion and handle complaints through more than 80…
LTIMindtree executive Nachiket Deshpande will leave his role as director and president on Oct. 31 to pursue other opportunities. The technology firm announced its departure in a regulatory filing on Tuesday. Deshpande joined the board in 2019 and helped guide strategic planning and expansion efforts. Chairman S.N. Subrahmanyan praised his leadership contributions to the organization’s…
India’s pension regulator proposed new valuation methods to improve transparency in retirement investment programs. The Pension Fund Regulatory and Development Authority released guidelines suggesting dual assessment approaches for government bonds in the National Pension System and Atal Pension Yojna. The changes would reduce the effects of interest rate fluctuations on account values while supporting infrastructure…
Delhi firecracker vendors depleted their inventory before Diwali as demand exceeded supply across the capital. Shoppers traveled to Gurugram, Noida, Ghaziabad, Faridabad, and Sonipat when local stocks ran out. Brijesh Goyal of the Chamber of Trade and Industry said most retailers faced shortages a day before the festival, with citywide revenue reaching 50 billion rupees….
India’s regional air connectivity program has transported more than 15.6 million travelers across 323,000 flights since its 2016 launch, the Civil Aviation Ministry reported Tuesday. The initiative has activated 649 routes linking 93 previously unconnected airports, among them 15 helicopter facilities and two water landing sites. Federal authorities have allocated over 430 billion rupees in…
India shipped 48.4 million smartphones between July and September, marking a 3 percent annual increase as Apple achieved record deliveries and captured 10 percent of the market. Research firm Omdia reported that manufacturers stocked retail channels heavily ahead of the festive shopping season. The growth stemmed from product launches in July and August, combined with…
