Business

Asian markets mostly rose on Tuesday as investors focused on hopes of United States rate cuts and nerves around rising Japanese bond yields eased slightly.In Hong Kong, HSI rose 0.11%, rising 28 points to reach 26,061. Nikkei also rose 56 points to trade at 49,360 at 10:30 AM IST. South Korea’s Kospi added 1.81% to…

TOI correspondent from Washington: In the predatory world of American artificial intelligence, where top engineers command salaries in the millions and signing bonuses rival small fortunes, Apple Inc has taken a big bite out of Microsoft and Google. The iPhone giant on Monday announced the hiring of Amar Subramanya, a Bengaluru-educated Google veteran who briefly…

NEW DELHI: Manufacturing activity softened in Nov as export orders eased due to the impact of US tariffs while job creation in the sector slowed to a 21-month low, a survey showed on Monday. Registering 56.6 in Nov, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) was above the neutral mark of 50.0 and its…

MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…

Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…

Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….

NEW DELHI: Seeking to ensure that prices of sin goods such as tobacco products and pan masala do not fall after withdrawal of GST compensation cess, finance minister Nirmala Sitharaman on Monday moved two bills that will empower govt to levy excise duty on tobacco and tobacco products, while imposing health and national security cess…

Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…

Reserve Bank of India Governor Sanjay Malhotra on Monday unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years. The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services. Objectives focus on women, households,…

Union Cabinet’s approval of a Rs 7,280 crore rare earth permanent magnet (REPM) scheme has been welcomed by industry executives as a major boost to India’s EV and electronics supply chains. The programme aims to create 6,000 metric tonnes per annum of integrated REPM capacity through five globally bid projects, supported by sales-linked incentives and…