Mumbai, May 29 (IANS) Indian equity benchmark indices ended sharply lower on Friday after a volatile trading session, as uncertainty surrounding a possible US-Iran understanding triggered heavy selling in the final hour of trade.The Sensex closed at 74,775.74, down 1,092.06 points or 1.44 per cent, while the Nifty settled at 23,547.75, declining 359.40 points or 1.50 per cent.The Nifty witnessed sharp swings during the session, touching an intra-day high of 24,002.80 before falling to a low of 2…

New Delhi, May 29 (IANS) India has climbed to fifth place in global digital economy rankings and ranked fourth on the CHIPS‑AI index, marking accelerating digital momentum in an increasingly competitive environment, a report said on Friday.The report from the ICRIER‑Prosus Centre for Internet and Digital Economy (IPCIDE) said that the study among 71 countries, covering 96 per cent of global GDP, revealed that “India outpaced major developed economies, including Germany, France, Japan and Can…

New Delhi, May 29 (IANS) Among a slew of measures to improve energy security in the country and decarbonise the road and highways sector, India is likely to bring a mandate on blending isobutanol with diesel as early as this year, Roads Transport and Highways Secretary V. Umashankar said on Friday.In his remarks at the CII Multimodal Transportation and Logistics Summit here, Umashankar said: “Blending of diesel has been looked into with great seriousness. Bharat Petroleum is already undertaking …

Mumbai, May 29 (IANS) InterGlobe Aviation, the parent company of IndiGo, on Friday reported a consolidated net loss of Rs 2,537 crore for the March quarter (Q4) of FY26, compared with a net profit of Rs 3,067.5 crore in the corresponding period last financial year.The airline’s revenue from operations, however, rose marginally by 1 per cent year-on-year to Rs 22,438 crore during the quarter, up from Rs 22,152 crore in the same period a year ago (Q4 FY25), according to its stock exchange filing…

New Delhi, May 29 (IANS) Union Minister for Agriculture & Farmers Welfare and Rural Development Shivraj Singh Chouhan on Friday urged states to remove unnecessary procedural complexities and focus on farmer‑centric governance as he highlighted record food‑grain production.As per advance estimates, India’s total food grain production has reached approximately 376.563 million tonnes, the highest ever, Shivraj Singh Chouhan said, according to the statement from the Ministry of Agriculture…

New Delhi, May 29 (IANS) Cumulative investments of nearly $360 billion in infrastructure development over the last decade have translated into estimated annual savings of $123–133 billion for the Indian economy, a joint report said on Friday.The joint report from CII and Knight Frank India said the India’s logistics cost have been slashed to about 10–10.7 per cent of GDP in FY 2026, from 13–14 per cent of GDP a decade ago due to infrastructure investments.The firm said that the country’s…

Mumbai, May 29 (IANS) Domestic equity markets traded marginally higher in morning trade on Friday as investors and traders closely monitor developments in West Asia and await clarity on a potential extension of the US-Iran ceasefire.Sensex rose as much as 352 points or 0.46 per cent to touch an intraday high of 76,220 in early deals, while Nifty traded around 100 points or 0.40 per cent higher at 24,002.Sectorally, information technology stocks led the gains with Nifty IT rising over 2 per cent,…

Seoul, May 29 (IANS) South Korea’s industrial output lost ground in April from a month earlier, data showed on Friday, with retail sales and facility investment sliding amid economic uncertainties stemming from tensions in the Middle East.Industrial production fell 0.6 percent last month from March, according to data from the Ministry of Data and Statistics, reports Yonhap news agency.Output in the mining and manufacturing sector, a key pillar of the economy, shed 0.7 percent from the previous m…

New Delhi, May 29 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Friday said he engaged with over 50 global business and industry leaders at a roundtable held in New York.Taking to the microblogging platform X, he stated that the meeting was hosted by the Consulate General of India in New York in collaboration with the US-India Strategic Partnership Forum (USISPF).In a post, the minister highlighted India’s strong growth story, reform-driven business environment and expanding o…

Seoul, May 29 (IANS) Samsung Electronics said on Friday it has begun shipping samples of its latest high-bandwidth memory (HBM) chip, the 12-layer HBM4E, marking the world’s first shipment of the next-generation artificial intelligence (AI) memory product.The move comes just three months after Samsung became the first company to begin mass production and shipments of sixth-generation HBM4 chips in February, underscoring its efforts to strengthen its leadership in the rapidly growing AI memory ma…