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L&T Tech partners with Emerson for system integration and product development
As per the engagement, L&T Tech will serve as a global system integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries.
INR collapses to fresh record low
The Indian rupee is seen collapsing to new record lows against the dollar in opening trades on Tuesday amid rebound in oil prices and dollar index edging higher. US President Donald Trump reportedly said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close.
LTTS announces strategic partnership with Emerson
L&T Technology Services (LTTS) announced a strategic global partnership with Emerson (NYSE: EMR), a global automation leader and provider of advanced test and measurement solutions.
Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCs
Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.
Global jitters keep FPIs on edge, Rs 14,231 crore pulled out in May
Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 14,231 crore so far this month driven by persistent global macroeconomic uncertainties.
Global jitters keep FPIs on edge, ₹14,231 crore pulled out in May
Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 14,231 crore so far this month driven by persistent global macroeconomic uncertainties. With this, the total outflow of Foreign Portfolio Investors (FPIs) from the equity market has crossed Rs 2 lakh crore in 2026, which is higher than the Rs 1.66 lakh crore pulled out during the entire 2025, according to data with the NSDL. FPIs were net sellers in all months of 2026, except February. They withdrew Rs 35,962 crore in January before turning net buyers in February, when they invested Rs 22,615 crore, the highest monthly inflow in 17 months. However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflow of Rs 60,847 crore and extended into May with withdrawal of Rs 14,231 crore so far. "The selling was largely driven by persistent global macroeconomic uncertainties, particularly concerns around inflation, interes
The Price Of Building What Lasts | The Week In Whys
Oil, markets and research shape the systems driving an uncertain global economy.
Samsung launches 5th edition flagship innovation, education programme in India
Samsung has launched its fifth Solve for Tomorrow programme in India. This initiative aims to empower young innovators to create technology solutions for real-world problems. The 2026 edition offers significant grants and incubation support. Top teams will receive substantial funding and mentorship.
IRAJ International to host ICSTSEIM-2026 in Bhubaneswar on August 7-8, focusing on AI and sustainable engineering
Bhubaneswar will host the International Conference on Science, Technology, Sustainable Engineering, and Innovation Management (ICSTSEIM-2026) on August 7-8, 2026. Co-hosted by EATM, the event will focus on the intersection of AI and sustainable engineering, alongside advancements in education. The summit aims to foster global partnerships and empower the next generation of researchers.
Midcap index scales all-time high despite flat close for benchmarks
Strong domestic participation and improving global risk sentiment lifted midcap stocks to record highs, even as benchmark indices closed largely unchanged
Yanolja acquires InnKey to expand global enterprise hospitality platform
Global travel technology firm Yanolja has acquired India's InnKey, an enterprise hospitality platform. This move strengthens Yanolja's global reach in the hotel sector. InnKey's unified system manages hotel operations, including front office and finance. The acquisition aims to enhance guest experiences and streamline operations for hotel groups. InnKey's platform supports over 500 hotels in India and integrates with global systems.
KPIT Technologies shares slide 4% as Q4 profit falls 33% YoY to Rs 163 crore
KPIT Technologies shares fell sharply on Thursday. The automotive software firm reported a 33% year-on-year decline in net profit for the March quarter. This occurred despite a healthy 12% rise in revenue. Operating expenses increased significantly. The company's board recommended a final dividend. Management cited global uncertainties impacting the mobility sector.