Business

Chinese-owned automakers are emerging as major players in India’s electric passenger vehicle segment, challenging long-time leaders Tata Motors and Mahindra & Mahindra. In under two years, brands such as BYD, MG Motor and Volvo — all backed by Chinese companies — have overtaken several Korean and German rivals and now account for nearly a third…

Eight of India’s ten most valuable companies together added more than Rs 2.05 lakh crore in market capitalisation last week, with Bharti Airtel and Reliance Industries leading the upswing. The positive movement came alongside a steady recovery in the broader market, where the BSE Sensex rose 1.62 per cent and the NSE Nifty gained 1.64…

Yamaha Motor is aiming for a strong rise in exports from India this year, with the company expecting a 25 per cent jump. The Japanese two-wheeler maker plans to position its Chennai plant as the main export hub for global markets, particularly advanced economies.Yamaha Motor Co Ltd senior executive officer and Yamaha Motor India group…

India’s consumption landscape is gearing up for a major shift over the coming decade, with the country’s retail market expected to reach $1 trillion by 2030. A new report by venture capital firm Fireside Ventures says this surge will be fuelled by rising disposable incomes, faster digital adoption and the growth of a large aspirational…

French department store Galeries Lafayette has officially entered India with a large five-floor store opened in Mumbai, hoping to tap into the country’s massive consumer base—but the road ahead is far from simple.Backed locally by the fashion division of the Aditya Birla Group, the retailer’s debut marks another attempt by global luxury brands to establish…

File photo: Ex-Fed governor Adriana Kugler (Picture credit: AP) Former Federal Reserve governor Adriana Kugler, who resigned abruptly in August, repeatedly broke the central bank’s strict trading rules before stepping down, according to new disclosures released by US ethics authorities.A report by the US Office of Government Ethics, reviewed after the Federal Reserve referred the…

Toy exporters, who began the financial year with strong dispatches due to early festive shipments and advance buying from US customers, are now having to cut prices and change packaging to cope with the slowdown. The slump comes after American buyers shifted to other sourcing markets following the United States’ decision to impose a 50%…

The US Postal Service (USPS) has sought sweeping administrative and legislative changes after reporting a $9 billion annual loss, a marginal improvement from the $9.5 billion deficit posted last year, Reuters reported.New Postmaster General David Steiner said the agency continues to face a “significant systemic annual revenue and cost imbalance” and must accelerate efficiency measures,…

Rajahmundry Railway station (File photo) New Delhi: Passengers may soon find popular food chains such as KFC, McDonald’s, Baskin Robbins, Pizza Hut, Haldiram’s and Bikanerwala at railway stations. The railway board has revised its catering policy to allow premium brand catering outlets to operate at stations across the country.The proposal to issue guidelines for premium…

The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia…