Business

Charlie Javice’s story sounds almost too bizarre to be real: a young fintech founder who tricked JPMorgan into buying her startup for $175 million, ended up convicted of fraud, and is now serving a prison sentence, yet the same company she scammed is still paying more than $142 million for her legal bills, including questionable…

The United States is hoping to finalise its rare earths agreement with China by Thanksgiving, US Treasury Secretary Scott Bessent said on Sunday, signalling momentum in the negotiations launched after Presidents Donald Trump and Xi Jinping met in South Korea last month, AFP reported.The tentative deal reached in late October includes a one-year suspension of…

Prime Minister Narendra Modi has asked engineers working on the Mumbai–Ahmedabad bullet train project to systematically document their technical and on-ground experiences, saying such a record would help India replicate high-speed rail projects across the country without “repeated experimentation.”Interacting with engineers and workers of the Mumbai–Ahmedabad High Speed Railway (MAHSR) corridor in Surat on Saturday,…

Nearly 90% of Indian organisations are preparing to hire specialised professionals over the next year to strengthen digital identity management, infrastructure and cyber security frameworks, according to a Rubrik Zero Labs report released on Sunday.The study says the rapid adoption of artificial intelligence is driving a surge in AI agents, leading to a sharp rise…

Indian travellers are powering a sharp rise in tourist numbers across several overseas destinations this year, with Moscow, Vietnam, Japan, South Korea and Georgia reporting strong double-digit growth. The upswing comes even as Azerbaijan and Turkey have fallen out of favour following their support for Pakistan during Operation Sindoor.Moscow has emerged as one of the…

Gold prices are expected to stay choppy in the coming week as investors brace for a heavy line-up of US economic signals, including the jobs report, Federal Reserve meeting minutes and a speech by Fed Chair Jerome Powell. Analysts said the data flow and commentary from Fed officials will shape expectations around a potential December…

Indian companies are rapidly moving from AI experimentation to real-world deployment, but most remain cautious about writing big cheques for large-scale transformation, a new EY–CII study has found.According to the report, 47% of enterprises now run multiple Generative AI applications in their core workflows, a sharp shift from the pilot-heavy approach seen even a year…

Samsung has announced a sweeping $310-billion investment plan over five years, aimed largely at expanding semiconductor and AI-enabling infrastructure as the global artificial intelligence boom drives unprecedented demand. The package, unveiled on Sunday, strengthens South Korea’s position as one of the world’s leading chip and AI hubs and builds on the country’s broader strategy to…

The government’s e-Jagriti digital consumer grievance platform has handled nearly 1.30 lakh cases since its launch in January, with more than 2 lakh users—including non-resident Indians—registering on the unified system. The consumer affairs ministry said in a statement that 1,27,058 cases had been disposed of as of 13 November, highlighting the platform’s efficiency in strengthening…

The Indian rupee may finally have found a floor after months of sustained depreciation, with Jefferies indicating that the currency has likely bottomed out following its sharp underperformance against major emerging market peers, ANI reported.In its latest GREED & fear note, Jefferies said the rupee has been “the worst performer year to date amongst major…