The valuation of Indian Premier League has eroded for a second year in a row, after a bidding war for broadcasting rights made it the world’s most lucrative cricket tournament. Cricketer Virat Kohli’s Royal Challengers Bangalore is the latest winner of the Indian Premier League in 2025. (Representative Image/ANI) IPL’s valuation dropped nearly 11% to […]
India and Brazil, two of the largest emerging market hit hardest by Donald Trump’s trade wars, are deepening their ties, betting that a united front will help them find new market to skirt US tariffs. India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inacio Lula da Silva in Brasília in July 2025. Both India […]
Gold prices rose to a fresh record to just shy of the $4,200-per-ounce levels on Wednesday, after Jerome Powell hinted at more US Fed rate cuts and amid US-China trade war. The safe-haven gold has gained 59% year-to-date, driven by multiple factors. (Reuters) Spot gold was up 0.9% at $4,178.15 per ounce, as of 0448 […]
The Employees’ Provident Fund Organisation (EPFO) has rolled out its biggest reform in years to pushback against new withdrawal limits and requirement for a minimum balance. The Employees Provident Fund Organisation (EPFO) is trying to modernise its systems while retaining the sanctity of retirement savings. (HT) The EPFO board has approved a proposal that allows […]
A lesser known stock caught strays off LG India’s listing-day pop in a good way, so much so that its shares rose to a 52-week high. While LG Balakrishnan & Bros Ltd. is an auto components maker based in Coimbatore, LG Electronics India Ltd. sells home appliances. (Representational Image) On Tuesday, shares of LG Balakrishnan […]
Tarun Garg has become the first Indian to lead Hyundai Motor Co. Ltd.’s India operations since the South Korean carmaker entered the subcontinent with the Santro in 1996. Hyundai India MD & CEO Designate Tarun Garg. (Tushar Deep Singh/HT) Effective 1 January 2026, Garg will replace Unsoo Kim as managing director and chief executive officer […]
Tech Mahindra Ltd. is banking on its financial services and manufacturing to deliver growth in the second half of the ongoing fiscal, even as US business is hit, according to its chief executive officer. Tech Mahindra CEO Mohit Joshi and CFO Rohit Anand. (Tushar Deep Singh/HT) “Macro is stabilising and improving in parts but it’s […]
Jerome Powell signalled more US Fed rate cuts are in the offing as a slowdown in jobs creation poses a growing risk to the US economy, AFP reported on Tuesday, citing written remarks by the chair of the US Federal Reserve. Chair Jerome Powell has reiterated that the US Federal Reserve is slightly more worried […]
Goldman Sachs Group Inc. told staffers to expect an additional round of layoffs this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by Artificial Intelligence. Goldman Sachs’ headcount was 48,300 at the end of September, about 1,800 more employees than at the end of last year. […]
India is fast-tracking trade talks with the US with the goal of concluding deal negotiations by next month, according to people familiar with the matter, even as Russian oil imports remain a sticking point. Prime Minister Narendra Modi (left) and US President Donald Trump. (AFP) New Delhi is working on a plan that would be […]
