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 […]
Adani Properties is seeking court approval to acquire 87 properties including hotels and malls from Sahara Group, in a move that could bolster the Gautam Adani-led conglomerate’s real estate holdings. Adani Group Chairman Gautam Adani. (Bloomberg) Sahara Group, founded by the late Subrata Roy, is seeking to sell its hotels, shopping centres, and residential and […]
Rumours of Sachin Tendulkar owning a certain smallcap stock have sent it soaring 13,000% in a year, so much so that the company has had to issue a clarification. Former India cricketer Sachin Tendulkar. (AFP) There’s circulation of misinformation that the legendary cricketer Sachin Tendulkar has invested in RRP Semiconductors Ltd., and “we feel because […]
Tech Mahindra Ltd. delivered on its key financials in the fiscal second quarter, aided by strength in its banking and manufacturing verticals, even as impact of US tariffs loomed. Tech Mahindra has announced an interim dividend of ₹15/share. (Reuters) Consolidated revenue of the Mahindra Group company rose 4.8% over the previous three months to ₹13,995 […]
India’s GDP will grow faster than estimated earlier despite the impact of US tariffs on Indian economy—the fourth largest in the world, according to the International Monetary Fund. A vegetable market in Ahmedabad. India’s sweeping GST reforms is set to boost consumption in the face of crippling US tariffs. (Reuters) IMF now sees India’s GDP […]
Another ‘Swadeshi’ moment beckons Indian tech platforms, which are back in conversation. There is a renewed push for Indian apps as alternatives to global platforms. While there may be reason to look back at a similar wave from a few years ago as a cautionary tale, founders insist home-grown apps now benefit from better underlying […]
Adani Enterprises Ltd., Alphabet Inc.’s Google and Bharti Airtel Ltd. have come together to build India’s largest AI data centre in Visakhapatnam, as part of the Gemini creator’s $15-billion push into India’s AI landscape. Adani Group Chairman Gautam Adani. (Bloomberg) Adani ConneX, the data-centre joint venture of Adani Group and US-based Edge ConneX, along with […]
Tata Motors Ltd. has completed the demerger of its passenger vehicle (PV) and commercial vehicle (CV) businesses, marking one of India’s largest auto restructurings in recent years. The process, which began in early 2024, culminated with the stock trading ex-demerger today. The Tata Motors demerger marks a pivotal step in its transformation into a dual-focused […]