Business

US officials indicated progress in finalizing details of a trade agreement with China, following recent talks in Malaysia. The discussions aimed to de-escalate a costly tariff dispute, with both nations seeking a resolution. This development comes amid heightened tensions and threats of further tariffs. The longstanding trade tensions between the United States and China might…

The US may see another rate cut this year, even as uncertainty looms over the economy due to the ongoing US government shutdown.The Federal Reserve’s second-to-last rate meeting of 2025 takes place amid a standoff between Republicans and Democrats over healthcare subsidies, which has halted the publication of nearly all official economic data. Without these…

India is gearing up to transform its electronic waste into a major source of critical minerals, as the ministry of mines intensifies collaboration with private players to build large-scale recycling capacity across the country. The ministry is working closely with private industry to expand the country’s recycling capacity, aiming to fully process electronic waste and…

Reliance Industries chairperson Mukesh Ambani MUMBAI: Reliance Industries and Meta Platforms will make a joint investment of Rs 855 crore in AI services in India, a market expected to reach $20-22 billion by 2027. The companies – one owned by India’s richest man, Mukesh Ambani, and the other led by Mark Zuckerberg – will be…

KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…

US President Donald Trump announced on Saturday that he is increasing tariffs on Canadian goods by an additional 10 per cent, in response to a Canadian advertisement featuring late US leader Ronald Reagan.Also Read | ‘Cheated and got caught!’ Trump again blasts Canada over ‘fake Reagan ad’; cites national security The move comes just two…

The new consolidated notification effectively merges all relevant exemptions and procedural details into a single framework, eliminating redundancy while preserving the substance of existing benefits. NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new…

Gold and silver prices lost their festive sparkle this week, snapping a nine-week rally as investors booked profits amid a strong dollar, easing geopolitical tensions, and falling global prices. On the Multi Commodity Exchange (MCX), December gold futures dropped Rs 3,557, or 2.80 per cent, to close at Rs 1,23,451 per 10 grams on Friday,…

Life Insurance Corporation (LIC) of India NEW DELHI: The department of financial services (DFS) in the finance ministry and govt’s policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer’s…

Dividend cheque was presented to Union health minister JP Nadda by Dr Anitha Thampi, chairperson of HLL, in the presence of minister of state Anupriya Patel and health secretary Punya Salila Srivastava. Mini-Ratna CPSE HLL Lifecare Limited has paid a record dividend of Rs 69.53 crore to the Government of India for the financial year…