CATEGORIES

BYD seeks price cuts as auto war escalates

Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate.

Musk wants $2 trillion of spending cuts. Here's why that's hard.

Social Security benefits cost the U.S. government $1.45 trillion in the most recent fiscal year, according to CBO estimates

JLR now has to take on its Chinese partner at home

Chery's UK push comes after JLR was forced to defend its teaser ad for Jaguar's new all-electric image

Adani shares leap after clarification on alleged FCPA violations

Shares of Adani Group companies surged as much as 20% on Wednesday after Adani Green Energy Ltd said the US authorities had not indicted its top executives for violating the Foreign Corrupt Practices Act (FCPA).

AGEL gets 2nd extension in AP

Adani Green was contracted to supply 3,000 MW of renewable electricity to Andhra Pradesh starting March 2024

Indian airlines riding high on wedding season travel surge

Flight and charter bookings spike as 3.5 million weddings are expected from Nov to mid-Dec

Good Glamm's Saggi said to be starting electronics biz

Good Glamm has been trying to sell some key brands including Sirona and The Moms Co.

Aircastle settles insolvency case with SpiceJet for $5.6mn

In a relief to SpiceJet, Ireland-based aircraft lessor Aircastle has withdrawn its insolvency case against the budget airline after reaching a $5.6 million settlement.

Niva Bupa to gain from premium hike, lower expense ratio

Niva Bupa Health Insurance Co. Ltd's first earnings post-listing show its performance is significantly better than that of the Indian health insurance industry in the first half (H1FY25).

Aster DM eyes fresh funding to buy rest of the stake in arm

Listed hospital chain Aster DM Healthcare Ltd is planning to raise fresh capital from select investors as it moves to acquire the remaining ownership in its wholly owned subsidiary, Aster Aadhar Hospital (Prerana Hospital Ltd), in Maharashtra.

Dollar sale by RBI is starving banks

Indian banks suffered a deficit of liquidity this week for the first time in two months as dollar sales by the authorities to support the rupee drained cash from the financial system.

Airtel is setting a good tone

It was a foregone conclusion that Indian private telecom companies would do well in the September quarter (Q2FY25) thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades.

Rupee falls 15p to 84.44 a dollar

The dollar index, which gauges the greenback's strength against six currencies, was trading lower by 0.46%

PAG lines up $375 mn loan for firm's largest India buyout

PAG, one of Asia's biggest alternative asset managers, has lined up a $375 million buyout loan with four banks for its planned acquisition of India's largest rigid plastic packaging provider, according to people familiar with the matter.

LegalPay: Cost-effective solutions to complex disputes

Businesses today struggle with unpaid dues, rising debt, and increasing defaults, leaving them financially strained and unable to grow.

Former Peak XV MD Piyush Gupta launches Kenro Capital

Gupta also said that Kenro is in discussions to raise funds, but did not divulge more details

Influencers wait for investors

Venture capitalists are circumspect when it comes to investing in influencer-backed businesses

Apple misses out on smartphone mkt rebound in 2024

Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple Inc. barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are gaining ground in China and emerging markets.

Stellaris Venture launches $300 mn fund, its largest ever

With this new fund, the investment firm has more than $600 million in assets under management

India's trade with Russia hits $66 bn in 2024, says envoy

A senior Russian diplomat on Wednesday said bilateral trade between the two countries reached a record $66 billion in 2024, marking a fivefold increase over the past five years, with a 9% rise in the first eight months of this year.

Piyush Goyal calls for stronger trade ties with France

Union commerce and industry minister Piyush Goyal on Wednesday urged France and India's Asia-Pacific partners to strengthen trade ties, advance technological collaboration to tackle global challenges such as climate change, and expand defence partnerships.

Vaishnaw urges stronger curbs on social media, OTT content

Union minister Ashwini Vaishnaw on Wednesday said that there is a need to strengthen existing regulations to curb vulgar content on social media and over-the-top (OTT) platforms, and called for a consensus on the same.

India moots fund to end plastic pollution

The multilateral fund proposed by India will provide grant-based finance to developing countries

Bilateral trade numbers from China, India show rising gap

India's reported imports from China has fallen significantly short of China's export figures

Seaweed cure in sight for bovines' methane burps

Indian cows and buffalos may be put on a diet of seaweed to tackle the problem of bovine burps, the methane-emitting scourge, in the fight against climate change.

Bankruptcy body for creditors trying out mediation first

India's bankruptcy regulator and the central government will consider making mediation mandatory between defaulting companies and their creditors before moving proceedings into bankruptcy courts, two persons informed about the development said.

Donald Trump rounds out his economic team

President-elect Donald Trump rounded out his economic team on Tuesday, selecting Kevin Hassett, a longtime adviser, to lead the National Economic Council and the trade lawyer Jamieson Greer to be his U.S. trade representative.

A 3-second video clip holds lessons for film contracts

Actor Nayanthara's public dispute with actor-producer Dhanush may stem from the denial to use a three-second behind-the-scenes clip from her film for a documentary.

Mega aviation package to cut levies, ease rules soon

Niti Aayog leads effort to make India aviation hub, involving multiple ministries

Edtechs, coaching centres snag IIT grads with lucrative offers

India's edtech sector has hired several thousand graduates from the famed Indian Institutes of Technology (IITs)—both from campus and laterally—as teachers over the past five years.