Apple wants India to modify a tax law that hinders its expansion in the country| Business News

Apple Inc. is lobbying the Government of India to modify its income tax law to ensure that the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers. That, Apple believes, hinders expansion in its fastest growing market. Apple’s contract manufacturers Foxconn and Tata have pumped in billions of […]

Hyundai outlines ₹45,000-crore India growth plan amid sliding market share| Business News

Hyundai Motor Co. Ltd. has outlined a ₹45,000-crore investment plan for India to make the country its second largest region globally, even as its market share erodes in the world’s third largest car market. Hyundai CEO Jose Munoz at Hyundai India’s first investor day in Mumbai on Wednesday, 15 October 2025. (Handout Image) Hyundai India […]

IPL valuation shrinks for second year in a row to $8.8 billion, new report shows| Business News

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 […]

Trump tariffs unite India and Brazil to triple their $12-billion bilateral trade| Business News

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 price hits record high, silver price eases amid US Fed rate-cut, US-China trade woes| Business News

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 […]

What’s changed for your own provident fund, overnight| Business News

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 […]

The LG confusion? LG India’s listing pops auto parts stock to 52-week highs| Business News

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 […]

Hyundai India appoints Tarun Garg as MD & CEO as Unsoo Kim resigns| Business News

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 eyes growth in second half of Fiscal 2026 amid US headwinds| Business News

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 […]