Business

(This July 17 story has been corrected to fix Donald Sherman’s quote to say ‘wildly,’ not ‘widely,’ in paragraph 16) Donald Trump’s social ​media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the U.S. president’s posts on his Truth Social ‌platform, according to people familiar…

Delayed orders from senior military commanders, a lack of basic equipment and overall confusion were among the issues that hindered the deployment of Venezuelan troops in the crucial first days after two devastating earthquakes struck the country’s coast last month, eight sources familiar with the response told Reuters, amid public outrage over the government’s response to the…

Apple overtook Nvidia to become the world’s most valuable company with a market capitalisation of $4.88 trillion. The shift reflects changing investor sentiment towards AI, with confidence growing in Apple’s ability to monetise AI through services, hardware and its ecosystem. Apple overtook Nvidia on Friday to become the world’s most valuable company, reflecting a shift in investor…

Protesters in Kyiv called for the dismissal of Ukraine’s commander-in-chief, Oleksandr Syrskyi, after President Volodymyr Zelenskiy’s removal ​of a popular defence minister sparked outrage and demands for a more modern approach to warfare. Several thousand people gathered outside the presidential office for a second ‌day after Mykhailo Fedorov, a 35-year-old tech wizard who has been partly credited…

U.S. Small Business ​Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk’s SpaceX after she was nominated for the ‌job, earning millions of dollars from the company’s record initial public offering, a Reuters review of her financial disclosures showed. Loeffler invested between $1 million and $5 million as of January 3, 2025, in…

Wildfire smoke blanketed the eastern ​U.S. from the Great Lakes to Washington, D.C. on Friday, floodwaters tore through Texas’s Hill Country for a third day, and new fires erupted in the Pacific Northwest overnight, with 68 large ‌blazes now burning in 15 states. Millions of Americans faced hazardous conditions and orders to stay indoors, as the country’s…

Jack Chen has never defaulted on a loan since he began borrowing to cover expenses during his internship days, but his credit report now carries a red flag because of his swelling debt burden, ​and new loan applications are being rejected. That leaves the 27-year-old telecoms maintenance worker from Jiangsu province facing a default of around 140,000…

IBM Stock Crash: IBM said its revenue for the three months ending in June rose just one per cent to $17.2 billion. The shares of IBM (International Business Machines) plunged 25 per cent on Tuesday after the US tech giant released disappointing preliminary second-quarter results. This was the worst stock price crash company in the last 58…

Microsoft will lay off 4,800 employees, including 1,600 at Xbox, with severance based on tenure and level. Microsoft on Monday (July 6) announced its plans to lay off around 4,800 employees, or 2.1 per cent of its global workforce. Asha Sharma-led Xbox copped the biggest hit, with 1,600 employees losing their jobs in the first tranche of…

OpenAI has named former Uber India chief Prabhjeet Singh as Managing Director for India as it expands in a key Artificial Intelligence market. OpenAI has appointed former Uber India executive Prabhjeet Singh as its Managing Director for India, underscoring the company’s growing focus on one of the world’s most important artificial intelligence (AI) markets. Singh, who previously…

U.S. companies cannot ship goods, software and technology to companies on the list without a license, which is likely to be denied. Apple ⁠is lobbying the Trump administration for clearance to buy ⁠memory chips from ChangXin Memory Technologies, a ‌Chinese company the ​Pentagon has put on a blacklist, the Financial Times reported on Friday. The iPhone maker…

A punishing heatwave sweeping across much of Europe prompted a partial alcohol ban in France, ‌nationwide warnings in Germany and the closure of a soccer fan zone in Spain, as temperatures climbed towards record levels. France was expecting 35 of its 96 departments or regions to declare red heatwave alerts on Sunday with temperatures of 39 ​to…

A Swedish transport authority is recommending a vote against the Europe-wide rollout of Tesla’s (TSLA.O), opens new tab supervised self-driving software, unless the U.S. EV ‌maker disables its ability to exceed legal speed limits, a regulatory letter shows. In a previously unreported letter dated April 30, obtained through a freedom of information request, the Swedish Transport Administration…

A $300 billion private ​fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with ‌direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal to end the…

Warfare in Ukraine ​and beyond faces a paradigm shift in the coming years as artificial intelligence systems integrate into unified networks that speed up ‌decisions on the battlefield, a senior Ukrainian official said. Ukraine, in the fifth year of fighting a full-scale Russian invasion, is already using AI for a plethora of battlefield functions, from flying drones…

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms (META.O), and other ​social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to ‌pay the most at $9 million in the bellwether case for school districts, according to documents that reveal financial…

Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to ​bolster computing capacity to meet growing demand for chatbot Claude and ‌scale its products. The new valuation after the series H funding round puts Anthropic ahead of OpenAI, last valued at $852 billion post-money in March, intensifying…

In an Ebola outbreak, hours matter. Yet the response to the deadly and fast-spreading epidemic in the Democratic Republic of Congo is weeks if not months behind – and missing thousands of people who may be at risk. Interviews with global health officials and documents from a meeting led ​by the World Health Organization and Africa Centres…

The Pentagon on Wednesday announced a five-year, $9.69 billion ​agreement to consolidate Microsoft (MSFT.O), and ‌other enterprise software licenses scattered across the military services, the intelligence community, and ​the U.S. Coast Guard into ​a single contract vehicle, officials said. The ⁠cost-cutting effort hands Microsoft a guaranteed ​enterprise-wide foothold across the U.S. armed ​forces while squeezing out duplicative…

Russia said on Monday that it intended to launch “systematic ​strikes” on targets in Kyiv linked to the Ukrainian military as well as decision-making centres, and urged foreigners to leave, a day after one of ‌its heaviest bombardments of the city since the start of the war. But Ukrainian Foreign Minister Andrii Sybiha urged Kyiv’s allies not…

Doctors operating on the front lines of the fight against Ebola in Congo, already grappling ​with shortages of basic supplies, are now also having to deal with attacks on their facilities and fleeing patients as the virus spreads ‌rapidly. At least three such incidents have occurred in the northeastern province of Ituri where the first Ebola cases…

Russia said on Monday that it intended to launch “systematic ​strikes” on targets in Kyiv linked to the Ukrainian military as well as decision-making centres, and urged foreigners to leave, a day after one of ‌its heaviest bombardments of the city since the start of the war. But Ukrainian Foreign Minister Andrii Sybiha urged Kyiv’s allies not…

Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to ‌Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed. The U.S.-Israeli war on Iran that began on February 28 has severely curtailed shipping through the…

The United States on Friday temporarily banned the entry of lawful permanent residents ​who have been in the Democratic Republic of ‌Congo, Uganda or South Sudan in the previous 21 days, citing concerns over Ebola. U.S. citizens, nationals and green card holders had ​been exempt from a 30-day Ebola ban, ​but the U.S. CDC said on Friday…

The number of Americans filing claims for unemployment benefits fell last week, pointing to labor market resilience and giving the Federal Reserve room ​to focus on surging inflation from the war with Iran. There are no signs yet that employers are responding to rising costs by reducing headcount. The nearly three-month-long U.S.-Israeli conflict ‌with Iran has disrupted…

Meta carried out a fresh round of layoffs on Wednesday, informing thousands of employees that their roles were being eliminated Meta carried out a fresh round of layoffs on Wednesday, informing thousands of employees that their roles were being eliminated to offset big investments that the company is making and to streamline operations. Around 8,000 employees across…

Meta to cut about 8,000 jobs globally starting from Singapore, reassign around 7,000 staff to new AI focused roles, affected employees were notified by a 4 AM HR email Meta Layoffs: Meta has announced plans to cut around 8,000 jobs globally as part of a major organisational restructuring drive, with the process beginning from Singapore. Alongside the layoffs,…

Samsung Electronics’ (005930.KS), opens new tab union plans for 48,000 workers to walk off the job on Thursday after efforts to clinch a deal on bonus payments fell through, threatening the health of South ​Korea’s economy and the global supply of semiconductors. Union leader Choi Seung-ho said that the ​18-day strike would go ahead as management had…

An Ebola outbreak in the Democratic Republic of Congo and Uganda has been declared ​a public health emergency of international concern by the World Health Organization, after 80 deaths were attributed to the disease. The WHO said the outbreak, caused by ‌the Bundibugyo virus, did not meet the criteria of a pandemic emergency but there was a…

India Steel Production: India remains one of the quickest expanding steel markets in the world within this global uptrend. Global steel prices climbed across most major markets in April and early May. But the strongest momentum did not come from China or India. It came from Brazil. A latest report by Goldman Sachs — Global Steel: The…

LinkedIn will cut about 5 per cent of its staff as it reorganises its business, according to reports. LinkedIn planned to inform staff of layoffs on Wednesday (May 13), two people familiar with the matter told Reuters, in a widening of technology sector cuts this year. The Microsoft-owned social network plans to cut about 5 per cent…

U.S. banks are rushing to fix scores of IT system weaknesses flagged by Anthropic’s powerful but costly Mythos AI tool, prompting urgent repairs, software upgrades and raising the possibility of ​disruption for customers. A handful of the country’s largest lenders currently have access to Mythos, Reuters has previously reported, and are now uncovering issues the program is…

Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech…

Mythos, an advanced AI model developed by Anthropic, can compress weeks of hacking effort into hours. This is making banks nervous globally. A new kind of threat is forcing governments around the world to act quickly. When Union Finance Minister Nirmala Sitharaman called top bankers into a high-level security meeting last month, the message was unusually stark.…

Rivian (RIVN.O), is working on undisclosed variants of its R2 electric vehicles, the company’s CEO said, days after starting volume production of the smaller and more affordable SUVs. Rivian, ​known for its high-end R1 SUVs and pickup trucks, plans to start deliveries of ‌R2 SUVs around June and analysts have said a successful rollout is critical to…

SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company’s IPO registration reviewed by Reuters, a sum that dwarfs the cost of its workhorse Falcon rocket as Elon Musk’s space company nears a ​decade trying to perfect a fully reusable launch system. The future of SpaceX’s most lucrative businesses as it…

Apple (AAPL.O), ​on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and sent its shares ‌up nearly 4% after hours. Apple, though, warned of continuing chip supply constraints, and the forecast underscored how it was fending off supply-chain pressures and rising memory chip costs with…

A fresh legislative push in the United States has brought the future of the H-1B visa programme into sharper focus A fresh legislative push in the United States has brought the future of the H-1B visa programme into sharper focus. A group of Republican lawmakers has introduced a bill in Congress that seeks a temporary halt and…

Call it a different kind of sticker shock. The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world’s largest car market to ​a fraction of the level of the next-largest market, the U.S. The contrast is stark. The average new…

Oil prices rose 1% on Tuesday, extending gains from the previous session, ‌as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers. U.S. President Donald Trump is unhappy with the latest…

Nvidia crossed a historic $5 trillion valuation as booming AI demand and a wider chip rally sent shares soaring, reinforcing its dominance despite growing competition from Alphabet and rivals. Nvidia Tops $5 Trillion: Nvidia’s shares jumped sharply on Friday, pushing the company’s market value above $5 trillion for the first time since October. Investors are once again pouring money…

A new antitrust lawsuit on Tuesday accuses Google of shutting out rival Android app stores by monopolizing app distribution and billing, violating U.S. antitrust law. Aptoide, a Portuguese company that specializes in mobile games and calls itself the world’s third-largest Android app store, said it would have exerted substantially more pressure on Google’s pricing and policies but…

US gasoline and diesel prices have reached seasonal record highs due to ongoing disruptions from the US-Iran conflict, significantly affecting global energy markets. US gasoline and diesel prices have surged to seasonal record highs as the fallout from the US-Iran war continues to ripple through global energy markets. As of the middle of April 2026, the national…

A senior Iranian source said on Saturday the U.S. had agreed to release Iranian frozen assets ​held in Qatar and other foreign banks, but a U.S. official swiftly denied the assertion. The senior Iranian ‌source welcomed the purported U.S. move as a sign of “seriousness” in reaching a deal with Washington in talks in Islamabad. The source…

Elon Musk has criticized WhatsApp’s security, claiming users cannot trust the messaging app after a class-action lawsuit accused Meta of allowing unauthorized access to private messages despite claims of end-to-end encryption. Elon Musk has once again taken a strong swipe at WhatsApp, declaring that users “can’t trust” the popular messaging app. His comments came after a new…

Tata Sons Chairman N Chandrasekaran addressed Air India employees in Gurugram, emphasising the importance of execution during challenging times. Air India is going through a challenging period, and the focus should be on execution, Tata Sons Chairman N Chandrasekaran told airline employees in a townhall address in Gurugram, advising them to ‘stay grounded in reality’. Addressing employees…

A social media post has ignited discussions about Oracle’s recent mass layoffs affecting 30,000 employees, executed swiftly via a standardized email. Peter Girnus, who presents himself as an HR executive, highlighted the stark contrast between the laid-off workers and newly appointed CFO Hilary Maxson, who receives a hefty compensation package. A viral post on social media platform…

A fuel tanker that ​according to ship ‌tracking services loaded a Russia-origin cargo ​originally bound ​for Cuba began discharging ⁠on Thursday ​at an independently-owned ​terminal in Venezuela, according to vessel monitoring data ​and a ​source. Source : https://www.reuters.com/business/energy/fuel-tanker-that-rerouted-cuba-now-discharging-venezuela-data-source-say-2026-04-02/

You can claim from both corporate and personal health policies, but here’s how to avoid rejection and maximise your coverage in case you spend beyond the available limit. Many people get their health insurance through their workplace, but some also maintain an individual policy for extra protection in critical times. Even though corporate policies are convenient, they…

The spike in oil prices poses a significant challenge for India, which imports nearly 90% of its crude oil needs. International crude oil prices climbed more than 3% on Monday as tensions in West Asia escalated, with Yemen’s Houthi militants opening a new front through missile and drone strikes on Israel. At around 6:30 am, the May…

Vijaypat Singhania, the former chairman of the Raymond Group, died peacefully at the age of 87 in Mumbai. His son, Gautam Singhania, announced the news on social media. Former Raymond chairman Vijaypat Singhania died here on Saturday evening, his family said. He was 87. His son Gautam Singhania, the group’s current chairman and managing director, announced the…

Vicki Hollub is preparing to retire as chief executive of Occidental Petroleum (OXY.N), opens new tab, after her decade-long stewardship of the U.S. oil and gas ​company that made her one of the most powerful women in a male-dominated industry, sources familiar with the matter told Reuters. Hollub, 66, plans to make a formal ‌announcement later this…

Your income tax slabs don’t change. What changes is how income, deductions, salary, capital gains and disclosures are reported, verified and filed. From April 1, India’s six-decade-old tax law, the Income-tax Act, 1961, will give way to the Income-tax Act, 2025. The government says this is not just a tax overhaul, but a law rewrite. Tax rates…

The U.S. is making its ​offer of security guarantees for a peace deal in Ukraine conditional on Kyiv ceding all of the country’s eastern region of Donbas to Russia, President Volodymyr Zelenskiy told Reuters ‌in an interview. With the U.S. focused on its own conflict with Iran, President Donald Trump is applying pressure to Ukraine in an…

Traders bet half a billion dollars ​on the price of crude only 15 minutes before U.S. President Donald Trump announced a five-day delay to attacks ‌on Iran’s energy infrastructure that sent the market plunging, exchange data and Reuters calculations showed. Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its…

Under the new rules, all ITR forms will be aligned with provisions of Income-tax Act, 2025, leading to a complete redesign of return formats From April 1, 2026, filing your income tax return (ITR) is set to undergo a significant transformation. With the new Income-tax Rules, 2026 coming into effect, the government is not just tweaking forms—it…

Finance Minister Nirmala Sitharaman told Rajya Sabha that India is ramping up domestic LPG production by 25 percent to offset 65 percent import reliance disrupted by the West Asia war and Strait of Hormuz closure. She assured steady household supplies, highlighted non-fossil power capacity surpassing fossil fuels, and confirmed clearance of Rs 1.48 lakh crore UPA-era oil…

The department said that the emails were meant only as facilitative reminders to help taxpayers review financial information. The Income Tax Department on Saturday asked taxpayers to ignore certain emails sent under its Advance Tax e-Campaign for Assessment Year 2026-27 after some messages were found to contain incorrect information about “significant transactions.” In a clarification posted on…

The price of US benchmark crude oil jumped to about $95 a barrel The price of a barrel of Brent crude oil, the international standard, jumped above $100 a barrel early on Thursday, just days after it spiked near $120 in the latest jolts to financial markets and the global economy as a whole amid the West…

Pain is also witnessed in the broader markets, with Nifty Midcap 150 trading with cuts of 1.29%, and the Smallcap 250 index is trading with cuts of 1.42%. Indian markets are seeing some pressure again in Thursday’s trade after a brief period of recovery the past two days, amid renewed geopolitical tensions in the Middle East. As…

Caitlin Kalinowski, who oversaw ​hardware at OpenAI, announced her resignation on Saturday, citing concerns ‌about the company’s agreement with the Department of Defense. In a social media post on X, Kalinowski wrote that OpenAI did not take enough ​time before agreeing to deploy its AI models on the ​Pentagon’s classified cloud networks. “AI has an important role…

The sharp rise in energy prices appeared to be driving investors’ concerns that the war could stoke inflation. A global market sell-off intensified Tuesday, as Iran expanded its retaliatory attacks around the Persian Gulf region, and US and Israeli officials signaled that strikes on Iran could continue for weeks. Stocks and bonds slipped, and oil and gas…

U.S. President Donald Trump threatened to impose a ​full U.S. trade embargo on Spain on Tuesday after the European and NATO ally refused to let the U.S. military use its bases for missions linked to ‌strikes on Iran. “Spain has been terrible,” Trump told reporters during a meeting with German Chancellor Friedrich Merz, adding that he had…

Jack Dorsey is cutting over 4,000 jobs at Block, reducing the workforce by nearly half, saying the move reflects an AI-driven structural shift rather than financial trouble. In one of the most sweeping tech layoffs of the year, Jack Dorsey said he is cutting more than 4,000 jobs at Block, reducing the payments company’s workforce by nearly…

According to official sources, Sports Minister Mansukh Mandaviya recently visited the circuit and held talks with officials from Yamuna Expressway Industrial Development Authority. The Adani Group is working on strategies to restart the Formula 1 motor sport at the Buddh International Circuit in Greater Noida, Karan Adani, the MD of Adani Cement said on Saturday. According to…

Neal Katyal, an Indian-origin American lawyer, gained prominence after the US Supreme Court ruled against Donald Trump’s tariffs, emphasizing that tariff authority resides with Congress. Indian-origin American lawyer Neal Katyal has come into the spotlight following a major US Supreme Court ruling that struck down former President Donald Trump’s sweeping reciprocal tariffs. In a 6–3 decision, the…

Google CEO Sundar Pichai said India is already witnessing a transformation capable of producing world-leading AI companies. Speaking at the India AI Impact Summit, he praised India’s developer energy and thriving startup ecosystem, citing firms like Flipkart and Oyo. He added that local AI innovation, including work by companies like Sarvam, shows strong global potential. Google CEO…

At ET NOW GBS 2026, Times Group MD Vineet Jain hailed India’s decade of transformation under Prime Minister Narendra Modi. Times Group Managing Director Vineet Jain on Friday laid out an expansive vision of India’s transformation over the past decade, declaring at the ET NOW Global Business Summit (GBS) 2026 that the country is no longer asking…

The Bombay High Court refused to hear Vijay Mallya’s plea against the Fugitive Economic Offenders Act, directing him to clarify his return to India before the court proceeds further. The Bombay High Court on Thursday made it clear that it will not hear a petition filed by fugitive businessman Vijay Mallya unless he returns to India. A…

US President Donald Trump, while announcing a trade agreement with India last week, had said that New Delhi had reportedly agreed to stop buying crude oil from Russia following which a 25 percent additional tariff on India had been revoked Russia’s foreign minister said on Wednesday that only US President Donald Trump — and no Indian official…

Brad Arnold, a founder and lead singer of American rock band 3 Doors Down, died on Saturday, nine months after disclosing that he had kidney cancer, the group said. He was 47. Arnold said in a May 2025 social media video that he had been diagnosed with advanced-stage clear cell renal carcinoma that had spread to one…

Strong sales fail to calm market fears over soaring AI and infrastructure spending. Amazon shares dove more than 11 per cent on Thursday (Feb 5) as the computing and retail titan reported strong sales but significantly boosted spending estimates. Amazon reported a profit of US$21.2 billion on net sales of US$213.4 billion in the recently ended quarter…

Growth estimates realistic, implementation to make capex work is our government’s strong point, Prime Minister himself monitors last mile of projects, says Finance Minister Nirmala Sitharaman. Growth estimates realistic, implementation to make capex work is our government’s strong point, Prime Minister himself monitors last mile of projects, says Finance Minister Nirmala Sitharaman in an interview to Aanchal…

Despite President Trump’s announcement of a tariff cut on Indian goods to 18%, the Global Trade Research Initiative (GTRI) has advised caution due to unverified claims about the trade deal. Even after US President Donald Trump announced an immediate cut in tariffs on Indian goods to 18%, trade policy think tank Global Trade Research Initiative (GTRI) has…

Elon Musk’s flagship artificial intelligence chatbot, Grok, continues to generate sexualized images of people even when users explicitly warn that the subjects do not consent, Reuters has found. After Musk’s social media company X announced new curbs on Grok’s public output, nine Reuters reporters gave it a series of prompts to determine whether and under what circumstances…

After hitting record highs last week, the prices of gold and silver have suddenly reversed course. DW looks at how a euphoric rally flipped into a sharp, confidence-shaking rout. What happened to gold and silver prices over the past week? After surging to a record high above $5,580 (€4,705) per ounce on Thursday, gold Suffered its steepest…

“If you are going to look at the market reaction of the last 50 budgets, it is not at all clear that the response on that particular day is an indicator of how things panned out,” Sanjeev Sanyal said. The market’s negative reaction to budget is no indicator about the outcome of the budget, Sanjeev Sanyal Economic…

Budget 2026: FM Nirmala Sitharaman gives a strong push to manufacturing, infrastructure and job creation, while proposing a simpler tax and customs system. Budget 2026 Takeaways: Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27, giving a strong push to manufacturing, infrastructure and job creation, proposing a simpler tax and customs regime, and hailing the…

Expenses such as university tuition, medical treatment, or foreign travel run into several lakhs and a lower TCS means families don’t have to block a large sum with the government If you are planning to travel or study abroad, then Nirmala Sitharaman’s Sunday budget will surely lift your spirits. The finance minister, while presenting her ninth Union…

The new rule kicks in on April 1, 2026 for FY 2026 to 27 and beyond. Investors who bought SGBs on the exchange and plan to hold till maturity need to factor in this tax hit. Finance Minister Nirmala Sitharaman’s Budget has triggered fresh anxiety among Sovereign Gold Bond investors after a proposed rule change that removes…

The minister said India’s IT industry has pivoted to providing AI services, and this will also be a big advantage for data centre infrastructure providers. Praising the Union Budget presented by Finance Minister Nirmala Sitharaman, IT and Railways Minister Ashwini Vaishnaw said it will help take India’s semiconductor industry to the next step and also boost investment…

Piyush Goyal says the India-EU FTA will eliminate textile duties, protect farmers and autos, boost Make in India, create jobs and neutralise carbon tax risks, positioning India on equal global footing. Can India now compete with countries like Vietnam and Bangladesh? Union Minister of Commerce and Industry Piyush Goyal on Friday said the India-European Union Free Trade…

Tesla (TSLA.O), said on Wednesday it will invest $2 billion in CEO Elon Musk’s artificial-intelligence company xAI – and that production plans for its ​Cybercab robotaxi were on track for this year. The news supported Musk’s plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company’s roughly $1.5…

India and the US are nearing a significant trade deal, with ongoing negotiations despite India’s concurrent free trade agreement with the EU. A day after India-European Union (EU) sealed the ‘Mother of All Deals’ — Free Trade Agreement (FTA) combining 27 EU nations, officials informed that New Delhi and the United States have made “very significant” progress…

The US dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday (Jan 27), after President Donald Trump said the value of the dollar is “great” when asked whether he thought it had declined too much. Trump made the comment to reporters in Iowa ahead of a speech expected to centre…

Core services such as cash deposits and withdrawals, cheque clearances, and branch operations are likely to be affected at PSBs Bank Strike Today: Banking services at public sector banks nationwide may face disruptions on Tuesday, January 27, as the United Forum of Bank Unions (UFBU) proceeds with its planned nationwide strike, demanding the immediate rollout of a five-day…

More than 1,300 apartment buildings in the Ukrainian capital Kyiv were still without heating following a Russian missile and drone attack earlier this week, Kyiv Mayor Vitalii Klitschko said on Sunday. Russia has sharply intensified bombardments of Ukraine’s energy system since it invaded its neighbour in 2022. Russia launched a vast attack on Ukraine’s energy system on…

The price of gold has risen above $5,000 (£3,659) an ounce for the first time ever, extending a historic rally that saw the precious metal jump by more than 60% in 2025. It comes as tensions between the US and NATO over Greenland have added to growing concerns about financial and geopolitical uncertainty. US President Donald Trump’s…

Amazon (AMZN.O), is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter. The company in October cut some 14,000 white-collar jobs, about half of the 30,000 target first reported by Reuters. The total this time is expected…

After 14 years behind Samsung, Apple is back on top in global smartphone sales, just as Chinese rivals step up the pressure. Foldables and advanced AI are the new battleground in the fight for the next billion users. Samsung’s grip on the smartphone crown lasted so long that it seemed unbreakable. The South Korean tech giant achieved…

A Mumbai-based entrepreneur has revealed how losing ₹30 crore in a failed business venture affected his health. A Mumbai-based entrepreneur has revealed how losing ₹30 crore in a failed business venture affected his health. Prashant Desai said that he kept piling on the pounds despite working out religiously — until he realised that mental stress and sleepless…

Google has appealed a US district judge’s landmark antitrust ruling that found the company illegally held a monopoly in online search. “As we have long said, the Court’s August 2024 ruling ignored the reality that people use Google because they want to, not because they’re forced to,” Google’s vice president for regulatory affairs Lee-Anne Mulholland said. In…

Indian quick commerce firms Swiggy and ‍IPO-bound Zepto have changed the branding of their quick commerce operations to stop promoting it as ‌a “10-minute” service following a government order, according to the companies’ apps on Wednesday (January 14, 2026). Reuters reported on Tuesday (January 13) that the government ordered Eternal’s Blinkit, Zepto and Swiggy to stop promoting…

Unrest in Iran has killed more than 500 people, a rights group said on Sunday, as Tehran threatened to target U.S. military bases if President Donald Trump carries out his renewed threats to intervene on behalf of protesters. With the Islamic Republic’s clerical establishment facing the biggest demonstrations since 2022, Trump has repeatedly threatened to get involved…

NASA on Friday said the space agency and SpaceX are targeting to undock the agency’s SpaceX Crew-11 mission from the International Space Station no earlier than 5 p.m. ET (2200 GMT) on Wednesday, January 14, pending weather conditions. Source : https://www.reuters.com/business/aerospace-defense/nasa-spacex-set-target-date-crew-11s-return-earth-2026-01-10/

Prada has launched a unisex fragrance inspired by India, named Infusion de Santal Chai Eau de Parfum, which combines sandalwood and chai latte notes. Italian luxury fashion house Prada has once again drawn inspiration from India—this time from one of the country’s most beloved daily rituals. After last year’s Kolhapuri chappal controversy, the brand has unveiled a…

SEBI’s “show-cause notice” alleged that members of Bank of America’s deal team shared price-sensitive information with employees who were not directly involved in executing the block trade, as per the report. India’s market regulator has reportedly found lapses in how Bank of America handled sensitive details linked to a large stock transaction, raising fresh concerns over information…