Business
20065 articles
24 salary receipts a year better than 12? Indian expat in Australia explains benefits of fortnightly paychecks
An Indian expat in Australia advocated for fortnightly salaries, sharing how this payment cycle improves his financial management. He argued that receiving pay every two weeks allows better budgeting, savings, and investment.
US to get new NASA-led space academy, Trump signs order: What is it all about? Explained
The US Space Academy is a proposed NASA-led federal academy dedicated to combining rigorous technical education with leadership development, discipline, and a durable commitment to public service.
Of advisor bots and fee cuts in the times of exec coaching wars
India's booming executive coaching industry is turning into a price war. New entrants are undercutting veterans to build hours and credentials, corporate clients are pushing for discounts, and AI looms as a cheaper alternative.
Trump announces ‘biggest oil deal in history’ giving US majority control of 65 billion barrels of Venezuelan reserves
Donald Trump announced that the US has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in what he calls the ‘biggest oil deal in history.’ He says the agreement will double US reserves, lower domestic gas prices, and boost Venezuela’s economy.
Iran war news LIVE: IRGC navy claims ‘decisive control’ over Hormuz; Trump announces ‘biggest oil deal in world history’
Iran war news LIVE: Iran’s IRGC reportedly rejected the US’s repeated claims that the Strait of Hormuz is open, saying US officials are continuing to “lie” about the status of the waterway to influence the price of oil and “cover up their failures.”
Apple TV hikes prices in US as streaming service gets more expensive
Apple is raising the price of its Apple TV streaming service in the US, with monthly and annual plans becoming more expensive immediately. The increase marks the fourth price hike since the service launched in 2019.
Dolly Parton airport? Tennessee governor backs fans’ push to rename Nashville airport after country music icon
A campaign to rename Nashville International Airport after Dolly Parton has gained support from Tennessee Governor Bill Lee and the airport authority's CEO, just days after the country music icon's death at 80.
Trump administration targets Egyptian bank’s UAE branches in fresh push to isolate Iran
The Trump administration has moved to restrict Banque Misr's UAE branches from the US financial system. They have accused the bank of supporting Iran, as Washington intensifies its push to economically isolate Tehran and pressure countries to cut financial ties.
US stocks today: US stocks end lower as Warsh keeps inflation fight front and centre
US stocks ended lower as Fed Chair Kevin Warsh reaffirmed the central bank’s focus on bringing inflation to 2%, raising expectations for a possible September rate hike. The Dow, S&P 500 and Nasdaq fell, while Nvidia and other tech stocks weakened. Investors also assessed mixed corporate earnings and economic data.
At $729 billion, India's forex kitty a record
India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a specialized swap window. The foreign currency assets grew by $9.4 billion, while gold reserves also experienced a positive shift. The RBI's new facility has helped gather $72.85 billion in inflows since its June launch, resulting in a total growth of $48 billion in reserves attributed to this initiative.
Big change for packaged foods? India proposes front-pack warnings for high sugar, salt and fat, says report
The FSSAI proposed a red hexagonal label for foods high in saturated fat, sugar, and salt to promote consumer awareness. Despite government efforts, companies resisted warning labels, leading to public outcry for clearer food labeling in India.
Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raised
Gap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appointment comes as Old Navy struggles with falling comparable sales, while Gap's other brands gain momentum. Investors are betting on a turnaround at the company's biggest brand.
Sebi plans bigger institutional role in public offers by small firms, sources say
India's market regulator is considering new rules for small business public offerings. These potential changes include quotas for institutional investors ahead of share sales. The regulator may also raise listing size limits and profit requirements for these firms. These proposed adjustments follow concerns about fund diversion and high fees. Such moves aim to enhance governance and investor protection in the segment.
India and Canada Are Uniquely Complementary Partners: Canadian Finance Minister
Canadian Finance Minister François-Philippe Champagne has described India and Canada as uniquely complementary economic partners, highlighting opportunities in energy security, food security, critical minerals and investment. His comments came as India and Canada began their first bilateral Economic and Financial Dialogue in Toronto. Both countries are seeking to deepen trade ties, complete an investment protection agreement this year and raise bilateral trade to C$70 billion by 2030.
Mumbai milk price hike: How much prices rose, why, and how other metros compare
Mumbai's tabela milk price will rise by ₹9 to ₹102 a litre from 1 September, with producers citing higher cattle and feed costs. The increase will remain is effect until 28 February 2027 and comes ahead of the festive season.
Hero MotoCorp buys Rs 1,758 crore Ather Energy stake in block deal
Hero MotoCorp acquired 1.18 crore shares of Ather Energy for Rs 1,758 crore. This purchase significantly deepened Hero MotoCorp's existing holding in the electric two-wheeler maker. The Government of Singapore was the seller in this substantial block deal transaction. Hero MotoCorp's stake in Ather Energy now stands at approximately 32.8 percent. This move strengthens Hero MotoCorp's position in India's growing electric mobility market.
Tukaram Mundhe-led Maharashtra FDA cancels Cipla unit's drug licence over Reactin Plus irregularities
FDA cancels Cipla unit's drug licence: During an inspection in June, FDA officials found that the packaging of Reactin Plus Tablets, a Schedule H prescription medicine, carried an unauthorised claim describing it as an analgesic and antipyretic.
Jackson Hole: Will Kevin Warsh's inflation warning put Nifty under pressure on Monday?
Nifty faces potential pressure on Monday following US Fed Chairman Kevin Warsh's hawkish inflation comments at Jackson Hole. Elevated US bond yields, a stronger dollar, and rising crude oil prices threaten foreign institutional flows, while technical analysts highlight 24,200 as a key resistance level for the Indian stock market.
