The Times of India - Business (2 hours ago)
India's economy is poised for robust growth of 6.6-6.8% this financial year, buoyed by easing global energy prices and normalized Strait of Hormuz shipments. Inflation is expected to remain manageable around 4.5%, with the current account deficit projected at 1.5% of GDP. Strong domestic demand, particularly in consumption and investment, remains...
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Volkswagen is reportedly considering a massive overhaul, including closing four German factories and significantly increasing job cuts, potentially impacting up to 100,000 roles. This drastic move comes as the automaker faces intense competition from Chinese rivals, US tariffs, and declining European demand. The proposals, set for discussion soon,...
ReadThe Times of India - Business (5 hours ago)
Commerce and Industry Minister Piyush Goyal urged Indian and British businesses to aim for "transformational growth" with the upcoming Free Trade Agreement, effective July 15. He emphasized exploring partnerships to maximize opportunities beyond incremental gains. Goyal also highlighted the Double Contribution Convention, benefiting temporary...
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Wall Street experienced a downturn Friday, primarily driven by a significant selloff in AI-linked stocks. This overshadowed gains in other sectors, pushing the S&P 500 towards its second weekly dip in three months. Investor concerns about earnings growth justifying AI stock valuations intensified, impacting global markets. Major tech players like...
ReadThe Times of India - Business (6 hours ago)
Amid escalating cyber threats, financial regulatory bodies across the globe are increasingly leveraging AI. They are developing proprietary AI solutions to strengthen the oversight of banking and digital assets, acknowledging the necessity of keeping up with swiftly evolving risks. Moreover, international platforms are encouraging joint efforts to...
ReadThe Times of India - Business (6 hours ago)
India's foreign exchange reserves saw a significant rebound, climbing by $963 million to $672.587 billion in the week ending June 19. This recovery was primarily driven by a substantial surge in gold reserves, which more than compensated for a dip in foreign currency assets. The overall reserves reversed a sharp decline from the previous week,...
ReadThe Times of India - Business (7 hours ago)
India is set to boost Green Urea production with a new roadmap, aiming to procure 7.24 lakh metric tonnes of Green Ammonia annually under the National Green Hydrogen Mission. This initiative seeks to cut reliance on imported urea and decarbonize fertilizer manufacturing.
ReadThe Times of India - Business (8 hours ago)
Global market jitters over Middle East tensions have eased following a US-Iran ceasefire, improving the outlook for Indian corporate profitability. Crisil Ratings now anticipates a smaller 100-basis-point decline in operating margins for fiscal 2027, down from a previous 200-basis-point estimate. While most sectors are expected to see minimal...
ReadThe Times of India - Business (8 hours ago)
Indian refiners are unlikely to resume buying Iranian oil despite a temporary US waiver. Existing supply commitments, payment concerns, and the waiver's short duration mean most refiners have already secured other crude sources. While opportunistic purchases at steep discounts are possible, a significant return to Iranian barrels is improbable for...
ReadThe Times of India - Business (9 hours ago)
India's tech sector is booming with AI, generating billions in revenue and moving projects from concept to reality. Industry leaders emphasize AI's role in creating new opportunities, not replacing jobs, by demanding expertise in orchestration, data, and security. This shift is projected to unlock a massive market, with companies increasingly...
ReadThe Times of India - Business (9 hours ago)
The trains that will run on India's first bullet train corridor will be manufactured indigenously. And that will be a feat for India's engineering capabilities. A Rs 866.87 crore contract has been awarded to BEML Limited by Integral Coach Factory (ICF) Chennai for manufacturing two prototype bullet train or high-speed train sets.
ReadThe Times of India - Business (10 hours ago)
Micron Technology's market value soared, briefly surpassing Tesla and exceeding Meta, driven by a robust fourth-quarter forecast and significant AI sector exposure. Investors reacted positively to projected revenue and profit growth, alongside $22 billion in customer commitments for future chip supplies. This surge underscores the increasing demand...
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