Business

Sebi now requires a draft abridged prospectus at the DRHP stage for IPOs and allows debt issuers to offer incentives to retail investors. Sebi board meeting: From now, companies will be required to make available a short, clear and standard summary of the offer document, known as a ‘draft abridged prospectus’, at the DRHP (Draft Red Herring Prospectus)…

Jared Kushner’s Affinity Partners, which was one of Paramount’s financing partners, is exiting the battle. Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. The decision to recommit…

The regulator overseeing Australia’s world-first teenage social media ban rejected the “technological exceptionalism” championed by mostly U.S.-based platforms and said a groundswell of American parents wanted similar measures. eSafety Commissioner Julie Inman Grant said Australia was entitled to restrict access to social media, just as it applied safety rules to any imported good, and added that many…

At least half a dozen executives from top Indian arms makers, including Adani Defence (ADEL.NS), opens new tab and Bharat Forge (BFRG.NS), opens new tab, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India’s defence business leaders…

Indian rice exporters dismissed Donald Trump’s tariff threat, saying the US market is too small to matter. Demand remains strong globally, with new markets like Benin and Russia rapidly expanding. Indian rice exporters seemed unperturbed after US President Donald Trump threatened to levy additional duties claiming that he will “take care” of the alleged dumping of Indian…

Noel Tata has become the largest stakeholder in the Tata family after inheriting significant shares from his mother, Simone Tata, boosting his stake in Tata Sons to 1%. Noel Tata has emerged as the largest Tata family stakeholder after receiving a significant portion of Tata Sons shares from his mother, Simone Tata. This transfer, which occurred several…

Hollywood unions and theater owners on Friday sounded the alarm over Netflix’s proposed $72 billion takeover of Warner Bros Discovery, warning the deal would cut jobs, concentrate power and reduce theatrical movie releases if the deal passes regulatory review. The deal would place the streaming giant’s HBO brands under the Netflix umbrella and also hand control of…

The US dollar languished not far from a five-week low against its major peers on Friday (Dec 5) as investors braced for a Federal Reserve rate cut next week. Markets widely expect a quarter point reduction when the policy-setting Federal Open Market Committee meets on Dec 9 to 10, and a focus will be on any signals…

OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal, The Information reported that OpenAI is paying less than $400 million in stock, citing people with knowledge of the deal. OpenAI…

The Employees’ Provident Fund Organisation (EPFO) has declared that no extensions will be granted for linking Aadhaar with Universal Account Number (UAN) after the deadline of 31 October 2025. The Employees’ Provident Fund Organisation (EPFO) has announced that there will be no further extensions for the mandatory Aadhaar seeding with Universal Account Number (UAN) for filing the…

Global airlines scrambled to fix a software glitch on Airbus A320 jets on Saturday as a partial recall by the European planemaker halted hundreds of flights in Asia and Europe and threatened U.S. travel over the busiest weekend of the year. Airlines worked through the night after global regulators told them to remedy the problem before resuming…

Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the U.S. Thanksgiving holiday. Brent crude futures shed 33 cents, or 0.5 per cent, to $62.8 a barrel as of 0445 GMT, while…

India and Canada are reportedly close to finalising a $2.8-billion uranium deal, signalling revived nuclear and trade cooperation despite recent diplomatic tensions and marking a major boost for India’s energy ambitions. India and Canada are inching close to a $2.8 billion Uranium deal, the Globe and Mail reported on Monday, citing people familiar with the matter. The…

HP will lay off 4,000–6,000 employees by 2028 as it increases AI use and reorganises operations. The company targets USD 1 billion in savings. Rising memory chip prices may pressure profits. AI PC demand is growing, but HP’s profit forecast for 2026 is weaker than expected. HP Inc. has announced that it will lay off 4,000 to…

Income Tax Refund Status: Taxpayers can track their refund through the official income tax e-filing portal. Here’s how to do it For many taxpayers, Income Tax Return (ITR) refunds are taking longer than expected this year due to verification issues, processing delays and mismatches in bank details. If you are waiting for your refund, the quickest way…

Facebook parent company Meta Platforms (META.O), opens new tab defeated a U.S. attempt to unwind its acquisitions of Instagram and WhatsApp on Tuesday when a federal judge ruled the company does not hold a social media monopoly. The ruling gives Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term,…

Suspended director and promoter of TLPL, Riju Ravindran, moved the NCLT, terming the CCD subscription agreement terms as “invalid and unenforceable under indian law”.He requested the NCLT to “set aside Resolution Nos. 1 to 7 passed at the meeting of the CoC of TLPL.” He stated that Glas is holding 99.25 per cent voting rights in Think…

Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday (Nov 14). The Elon Musk-led automaker and its suppliers have already replaced some China-made components and aim to switch all other components to those made outside of China in the…

Rs 1,885 crore is dedicated to pollution control and environmental initiatives, the highest allocation in the city’s history. Delhi’s FY 2025-26 budget, presented by Chief Minister Rekha Gupta on 25 March 2025, totals Rs 1 lakh crore, a 31.5 % increase over the previous year’s estimate. Within this, the government has earmarked approximately Rs 1,885 crore for…

India’s labor market is facing significant imbalances, with urban unemployment rising sharply despite a slight national decline. India’s labour market continues to show worrying signs of imbalance. Even as the overall unemployment rate eased slightly in the July–September 2025 quarter, urban joblessness rose sharply, revealing a growing mismatch between economic growth and employment generation. According to Forbes…

SoftBank Group’s $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller. In its quarterly results, the Japanese tech investor (9984.T), said it had sold all the 32.1 million Nvidia…

Visa (V.N), and Mastercard (MA.N), announced a revised $38 billion settlement with merchants who accused the card networks of charging too much to accept their credit cards, hoping to satisfy a judge who rejected a smaller accord as inadequate. Monday’s settlement would end 20 years of litigation in which businesses accused Visa, Mastercard and banks of conspiring…

More than 900,000 people evacuated vulnerable areas of the Philippines as Super Typhoon Fung-wong began lashing the main island of Luzon, with work and classes suspended across several regions, including Metro Manila. Fung-wong, locally known as Uwan, is forecast to make landfall in Aurora province as early as Sunday night, even as the Southeast Asian archipelago recovers…

As U.S. consumers tighten their wallets, budget-friendly restaurant chains such as McDonald’s, Chili’s and Domino’s are emerging as winners, drawing more diners who are trading down to cheaper meals. The shift is leaving pricier fast-casual chains, including Chipotle Mexican Grill (CMG.N), opens new tab, and Mediterranean-inspired Cava (CAVA.N), opens new tab and Sweetgreen (SG.N), opens new tab,…

Warren Buffett has a message for people who generate or view AI-created impersonations of him. There’s only one Oracle of Omaha. Berkshire Hathaway (BRKa.N), opens new tab said on Thursday that videos using AI-generated images of its longtime chief executive are circulating on YouTube, featuring comments he never made. The 95-year-old investor, known for his market instincts…

Finance Minister Nirmala Sitharaman said India needs big, world-class banks and confirmed talks with the RBI and lenders. She also emphasised fiscal discipline, infrastructure growth, and India’s push toward economic self-reliance. Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this…

Tesla (TSLA.O), opens new tab CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company’s annual meeting at…

With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s website. Amazon’s…

Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Musk’s pay package is still seen as likely to win, given broad investor support in the past and the backing Tesla enjoys from its large retail shareholder base. Laws…

Bringing an end to the speculation around Mehli Mistry’s trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata group, ANI quoted sources close to Mistry. Bringing an end to speculation around Mehli Mistry’s trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata Group, ANI quoted…

Kimberly-Clark is laying down $40 billion to buy Kenvue in a massive deal that has puzzled some investors as the Tylenol maker struggles with weak sales, lawsuits and White House attacks linking its painkiller to autism. Shares of Kimberly-Clark dropped sharply after the Monday announcement as stockholders scrutinized the 46% premium being paid for the former Johnson…

For Amazon, the deal represents a significant endorsement of its cloud computing capabilities Amazon’s cloud computing arm has signed a $38bn deal with OpenAI to provide computing power for the company’s artificial intelligence models. The agreement sent Amazon shares higher in early trading. Under the seven-year arrangement, OpenAI will use Amazon Web Services (AWS) to access hundreds…

The move is aimed at strengthening its delivery business and reducing reliance on “unpredictable” third-party performance, CEO Akshay Jatia said on a post-earnings call, without disclosing details. Westlife Foodworld, which operates fast-food chain McDonald’s in west and south India, said on Monday it would launch a 20-minute food delivery model through its app to boost same-store sales…

Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, is facing a lawsuit in the US filed by HPS, the private credit investment arm of BlackRock. It was just two years ago that Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, shot into the limelight after featuring in Capacity’s Power 100 List, which recognises…

The CBI has accused industrialist Anil Ambani of approving favours to Yes Bank founder Rana Kapoor’s family, causing huge financial losses to the bank. This development highlights alleged corruption and risky investments linked to Ambani’s companies. In a major development in the Yes Bank corruption case, the Central Bureau of Investigation (CBI) has accused industrialist Anil Ambani…

Bankim Brahmbhatt, owner of Broadband Telecom & Bridgevoice, is accused of siphoning off up to $500 million that he received as loan collateral. An India-origin CEO of a little-known telecom-services company in the US has emerged at the centre of what has been described as a “breathtaking” fraud in an opaque corner of the US debt markets.…

She wanted to be Mrs. Schmidt. Michelle Ritter had become used to driving around in tech billionaire Eric Schmidt’s Tesla, living in his Bel Air Mansion and conducting business meetings in a bikini – all while paying herself $1 million a year. But it wasn’t enough for the 31-year-old mistress. After five years of being with Silicon…

Union Finance Minister Nirmala Sitharaman’s flight to Bhutan made an emergency landing in Siliguri due to severe bad weather. She will stay overnight in Siliguri and continue her journey on Friday once conditions improve. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman’s flight to Bhutan made an emergency landing on Thursday afternoon due to severe bad…

Microsoft said on Wednesday they are investigating an issue in which Microsoft 365 Cloud and Office.com were reported to be inaccessible. Source: https://www.channelnewsasia.com/business/microsoft-investigating-access-issues-m365-cloud-and-officecom-5434221

Singapore and Vietnam on Thursday (Oct 30) signed an agreement that will see Vietnam support the unimpeded export of a mutually agreed quantity of rice to Singapore on agreed terms when requested by the government. The memorandum of cooperation on rice trade was signed on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week. In…

Microsoft also said that it has secured a deal with OpenAI where the ChatGPT maker will purchase $250 billion of Azure cloud computing services. Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way…

Amazon will lay off up to 30,000 corporate employees starting Tuesday, its biggest round of cuts since 2022, as the tech giant trims costs and corrects pandemic-era overhiring across divisions. Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand…

Ferrari (RACE.MI), is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles. The plan for now is limited in scope and is an effort by the Italian…

U.S. President Donald Trump will test his deal-making capabilities on a trip to Asia, a region battered by his hardball trade policies, while doubts hang over his highly anticipated meeting with China’s Xi Jinping. Trump, who left Washington on Friday night, is set for a five-day trip to Malaysia, Japan and South Korea, his first to the…

The United States hit Russia’s major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms. The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President…

There are ways to mitigate some of the risks of relying so much on cloud computing, says this University of Melbourne researcher. The world’s largest cloud computing platform, Amazon Web Services (AWS), experienced a major outage that has impacted thousands of organisations, including banks, financial software platforms such as Xero, and social media platforms such as Snapchat.…

During Diwali week, the Prime Minister was a de-light-ful winner of the national Fancy Dress Contest cosplaying as a brave soldier. You might have seen the reels by now and the blanket coverage. You might have also spotted a mugshot of the same gent looking straight into the camera for all the self-congratulatory colourful communication created for…

The AWS outage disrupted hundreds of websites and apps, including Venmo, Robinhood Markets Inc. and Apple Inc.’s Apple Music and Apple TV. Amazon.com announced on Monday afternoon that its cloud services had returned to normal after a widespread internet outage disrupted thousands of websites worldwide, including major platforms such as Snapchat and Reddit. However, the company said…

China isn’t just fighting back, it’s fighting smart. By borrowing America’s own trade war tactics, Beijing is turning Washington’s long-arm rules against it in a high-stakes economic showdown. China is fighting back in its escalating trade war with the United States, and it’s doing so by deploying the very same tactics Washington has used against it for…

New Delhi’s line is clear that it will not compromise on its strategic autonomy and will not be dictated to by anyone on whom it should be doing business with, particularly when it comes to Russia—an old and key strategic partner. Trump Russian oil policy, India stop buying Russian oil, US tariffs on Indian imports, Modi Trump…

Female jobless rate hits a 3-month high; youth unemployment climbs to 15% India’s unemployment rate edged up to 5.2% in September from 5.1% in August, with rural areas witnessing a sharper increase than urban centers, according to the latest Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics and Programme Implementation (MoSPI), said a…

Google announced on Tuesday that it will invest $15 billion in India over the next five years to establish its first artificial intelligence hub in the country. Located in the southern city of Visakhapatnam, the hub will be one of Google’s largest globally. It will feature gigawatt-scale data center operations, extensive energy infrastructure and an expanded fiber-optic…

The Enforcement Directorate has arrested Ashok Kumar Pal, CFO of Reliance Power Limited, in connection with a money laundering investigation involving fake bank guarantees. The Enforcement Directorate on Friday arrested a top official in Anil Ambani’s firm in a money laundering case. Ashok Kumar Pal, CFO and Executive Director in Reliance Power Limited, was arrested in a…

Wipro submitted that the company has used the trademark ‘WIPRO’ in relation to its consumer care and lighting products since at least 1977. The Delhi High Court has declared the trademark ‘WIPRO’ as a well-known mark within the meaning of Section 2(1)(zg) of the Trade Marks Act, 1999, formally recognising the brand’s enduring reputation, extensive commercial presence,…

Tata Trusts Boardroom Battle: Tata Trusts faces internal strife as Noel Tata and N Chandrasekaran meet Amit Shah and Nirmala Sitharaman over governance disputes. Tata Trusts Infighting: The rift within Tata Trusts, the principal shareholder of Tata Sons, has reached the corridors of power. Sources close to the Tata Group told CNBC-TV18 that the government cannot be…

The much-needed modernization of the U.S. Army’s battlefield communications network being undertaken by Anduril, Palantir (PLTR.O), and others is rife with “fundamental security” problems and vulnerabilities, and should be treated as a “very high risk,” according to a recent internal Army memo. The two Silicon Valley companies, led by allies of U.S. President Donald Trump, have gained…

Amazon (AMZN.O), opens new tab founder Jeff Bezos predicted on Friday gigawatt-scale data centres will be built in space within the next 10 to 20 years and that continuously available solar energy meant they would eventually outperform those based on Earth. Speaking at the Italian Tech Week in Turin, Bezos also compared the surge in artificial intelligence…

US lawmakers have requested explanations from Tata Consultancy Services regarding the company’s ongoing submission of numerous H-1B visa petitions despite laying off American tech workers. US senators are taking up the fight against the H-1B visa program, right up to the top management of major US corporations. Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Dick…

The Pulses Mission is expected to benefit around 2 crore farmers with the supply of better seeds, post-harvest infrastructure and 100 per cent assured procurement of tur, urad, and masoor pulses from growers at the Minimum Support Price during the next 4 years, according to an official statement. The Union Cabinet, chaired by Prime Minister Narendra Modi,…

China’s Pop Mart (9992.HK), is borrowing from Disney’s (DIS.N), playbook to turn toothy monster Labubu’s blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. Pop Mart has already done what many thought impossible – making Labubu the first Chinese product to win a global audience for its emotional and…

Consumer confidence fell sharply in September on growing worries about the labor market. The consumer-confidence index dropped to 94.2 in September from a revised 97.8 in the prior month, the Conference Board said Tuesday. This is the lowest level since April. Economists polled by the Wall Street Journal had forecast the index to slip to 96.0 in…

They’re flying off the shelves and not in the good way. Amazon has pulled roughly 500 thousand units of various products from its virtual store in recent weeks after manufacturer recalls for safety concerns — including fans that cause fires and potentially suffocating baby crib attachments, according to a report. A variety of imported goods were part…

BharatGen, India’s first government-supported multimodal AI initiative, has secured Rs 988.6 crore from the IndiaAI Mission 2025, as revealed by Union IT Minister Ashwini Vaishnaw. BharatGen, India’s first government-backed multimodal sovereign AI initiative, has emerged as the single largest beneficiary of the government’s IndiaAI Mission 2025. The company has been awarded Rs 988.6 crore in funding by…

In a statement, Gujarat Cooperative Milk Marketing Federation (GCMMF) announced revision in price list of more than 700 product packs, offering full benefit of GST reduction to its customers, effective September 22, 2025. New Delhi: GCMMF, which markets dairy items under Amul brand, on Saturday announced reduction of retail prices of more than 700 product packs, including…

Adani Group companies gained over Rs 69,000 crore in market capitalisation in a single session on Friday, fueled by a buying frenzy following SEBI’s clean chit in the Hindenburg case. Adani Group companies gained over Rs 69,000 crore in market capitalisation in a single session on Friday, fueled by a buying frenzy following SEBI’s clean chit in…

U.S. Senator Ted Cruz, the Republican who leads oversight of the Federal Communications Commission, joined Democrats on Friday in criticizing FCC Chair Brendan Carr’s recent threats against Disney (DIS.N), opens new tab and local broadcasters for airing “Jimmy Kimmel Live.” The conservative senator from Texas, one of the most powerful Republicans in Congress, said Carr’s threat to…

A woman approached the police five days and had loged a complaint against Samir, a senior police official told Hindustan Times. Fugitive businessman and former IPL chief Lalit Modi’s brother Samir Modi has been arrested by the Delhi Police on rape charges. The arrest was made at the Indira Gandhi International Airport on Thursday evening. A woman…

Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported on Thursday. The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the arrangement. The deal closed last week and Sankar…

Russia’s oil pipeline monopoly Transneft (TRNF_p.MM), has warned producers they may have to cut output following Ukraine’s drone attacks on critical export ports and refineries, three industry sources said on Tuesday. In a statement on its website, Transneft described the news as “fake” and part of the West’s “information war” against Russia. Kyiv has stepped up attacks…

The incursion of Russian drones in Poland has reignited safety concerns over the vulnerability of civil air transport in Europe, aviation and insurance experts said, the latest upheaval facing airlines from escalating global conflict. Early on Wednesday, Poland shot down drones in its airspace with the backing of military aircraft from its NATO allies, the first time…

Oracle shares surged about 43 percent to a record high on Wednesday, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of the world’s richest list. The company unveiled four multi-billion-dollar contracts on Tuesday, amid an industry-wide shift, led by companies such as OpenAI and xAI,…

People are turning to AI chatbots for anything from writing emails to planning holidays. But can they be trusted with our finances? A few months ago, a fellow journalist asked me: “Do you invest? Do you think you will be able to retire with a million dollars?” Thinking back on the mild heart-stopping fluctuations I’d seen in…

The market distribution for UPI transactions continues to be led by a few key applications. In terms of transaction volume, PhonePe was the market leader with an estimated 9.6 billion transactions, followed by Google Pay with 7.4 billion transactions and Paytm in third place with 1.6 billion transactions. The Unified Payments Interface (UPI) network processed over 20…

Poland shot down drones that entered its airspace during a widespread Russian attack in western Ukraine on Wednesday, with the NATO member calling the incursion “an act of aggression” Polish Prime Minister Donald Tusk said that he was in “constant contact” with NATO Secretary General Mark Rutte. Tusk has called for an emergency meeting of the council…

India and the European Union are intensifying talks to finalise their free trade agreement by year-end. The negotiations focus on resolving trade barriers while expanding strategic and defence ties amid global uncertainties. India and the European Union are accelerating efforts on an ambitious free trade agreement (FTA), scheduling two critical rounds of negotiations within the next month…

Addressing a news conference here, Haryana Chief Minister Saini said the wide-ranging reforms approved by the GST Council will prove to be a milestone towards “Atmanirbhar Bharat”. Saini said it is Prime Minister Narendra Modi’s commitment “that we have to empower and strengthen the poor, farmers and common sections”. Haryana Chief Minister Nayab Singh Saini on Saturday…

Noida Scam Alert: Police have seized four mobile phones, eight SIM cards, a laptop, a car, GST-related documents and a rent agreement from the accused. The police has arrested a former employee of a private firm in Noida for allegedly generating fake invoices of around Rs 10 crore to fraudulently claim input tax credit of Rs 1.8…

The visit, facilitated by the MHA, is seen as a significant step in ongoing legal proceedings in UK courts, senior officials confirmed. A delegation from the UK’s Crown Prosecution Service (CPS) recently visited Tihar Jail in Delhi to assess prison conditions, as part of efforts to strengthen India’s case for the extradition of , among others, high-profile…

Hundreds of federal agents descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals. This is the latest in a long line of workplace raids conducted as part of the Trump administration’s mass deportation agenda. But the one on Thursday is especially distinct because of…

A disgraced former FBI official tipped off an employee of a Chinese group that did business with the Biden family about planned arrests related to a criminal investigation, compromising the integrity of the probe, according to a Justice Department watchdog. Charles McGonigal, who helmed the FBI’s counterintelligence division in New York from 2016 to 2018, was sentenced…

When asked what would be next on agenda for the finance ministry, Nirmala Sitharaman spoke about non-financial regulators. Union Finance Minister Nirmala Sitharaman reflected on the recently introduced reforms in the goods and services tax (GST) rates, and said it would fuel increased consumption, thus helping the economy. When asked what would be next on agenda for…

US President Donald Trump hosted top tech leaders at the White House, with AI and investments in focus. Five Indian-origin CEOs, including Nadella and Pichai, highlighted the diaspora’s growing influence in global technology. US President Donald Trump on Thursday hosted a high-profile dinner at the White House with America’s top technology leaders, with discussions centered on artificial…

A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict reached Wednesday in San Francisco federal court followed a more than two-week trial in a class-action case covering about 98 million smartphones operating in the United States between July 1, 2016, through…

Florida plans to end all state vaccine mandates, including for students to attend schools, the state’s surgeon general, Joseph Ladapo, announced on Wednesday, a move public health experts warned could trigger severe outbreaks among children, tourists and those with compromised immune systems. Ladapo, along with Florida Governor Ron DeSantis, cast the issue of vaccination as one of…

President Trump has criticized India for its high tariffs, labeling it the “most tariffed nation.” He claims India has proposed a “no tariff” deal but warns it may be too late. Trump defends his 50% tariff on Indian imports, asserting that it is necessary for fair trade. US President Donald Trump has once again lashed out at…

Insurance and warranties emanating from potential damage because of the use of the blended fuel would be honoured, stated the industry executives. E20 is safe for use in any vehicle plying on Indian roads, said the chief of the Automotive Research Association of India (ARAI) Reji Mathai, on Saturday (August 30, 2025), referring to a 2021 study…

On the eve of a visit to China, Russian leader Vladimir Putin blasted Western sanctions as his country’s economy teetered on the brink of recession, wounded by trade curbs and the cost of his war in Ukraine. Russia and China jointly opposed “discriminatory” sanctions in global trade, Putin said in a written interview with China’s official Xinhua…

A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an appeal with the U.S.…

ISRO has unveiled an ambitious 22-year space roadmap to build 3D-printed habitats on Mars, set up a crew station on the Moon, and develop next-generation rockets capable of carrying massive payloads into deep space. India has outlined an ambitious long-term space strategy that envisions a crewed lunar base by 2047 and eventual settlement on Mars, signalling its…

Chief Economic Advisor V Anantha Nageswaran said that high tariffs are expected to be “short-lived” as both countries are in talks for the removal of the 25 per cent penal tariff and a subsequent bilateral trade deal. Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that the Indian economy will grow at a rate between…

India’s economy grew 7.8% in Q1 FY26, a five-quarter high, defying US tariff pressure. Strong manufacturing, services, and public spending highlight resilience, proving Trump’s “dead economy” jibe wrong. New Delhi: Just days after the 25% additional tariff by the United States came into effect, India’s GDP data from the April-June quarter has become the talking point. According…

The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administration officials said. The U.S. Customs and Border Protection (CBP) agency will begin…

Nvidia’s business in China will be the focus of investors when the AI chipmaker reports earnings on Wednesday (Aug 27), following an unusual deal with the Trump administration and Beijing’s subsequent efforts to stall imports. Caught in the crossfire of Washington and Beijing’s ongoing trade war, the fate of Nvidia’s China business hangs on where the world’s…

Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday. The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads. The Facebook and Instagram parent declined to comment when…

Billionaire Elon Musk’s electric vehicle company Tesla (TSLA.O), rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case. Lawyers for the plaintiffs disclosed the settlement proposal in a filing, on Monday in the federal court…