Business

MUMBAI: Tata Sons has formed a Rs 500 crore public charitable trust to aid families impacted by the Air India 171 crash in Ahmedabad. It will contribute Rs 250 crore to the AI-171 Memorial and Welfare Trust, while its primary shareholder, Tata Trusts, will match this with Rs 250 crore. This is one of the…

MUMBAI: Geopolitical uncertainty and trade tariff jitters are weighing on hiring and new job openings in certain sectors, impacting discretionary spending by consumers across sectors ranging from apparel to auto. In the jewellery space which still has an edge given the intrinsic value gold and diamond hold, spends have been a bit better comparatively but…

India, whilst potentially benefiting from reduced prices, faces uncertainty regarding continued imports due to possible US intervention. (AI image) Russia oil sanctions by European Union: The EU implemented sanctions on Friday which also target a Rosneft-owned Indian oil refinery and reduced the oil price ceiling as part of heightened measures against Russia regarding the Ukraine…

US President Donald Trump has sharply intensified his criticism of Federal Reserve Chair Jerome Powell, accusing him of stalling the US housing market with high interest rates and hinting at possible dismissal over a controversial $2.5 billion renovation at the Fed’s headquarters.In a pair of fiery Truth Social posts on Friday, Trump branded Powell a…

Wall Street edged higher on Friday as the S&P 500 and Nasdaq hovered near record highs, putting US stocks on track for a third winning week in the past four. Strong corporate earnings, easing Treasury yields, and growing speculation of a Federal Reserve rate cut fuelled investor optimism.The S&P 500 rose 0.2% in early trade…

Foreign Institutional Investors (FIIs) have renewed heavy selling in Indian equities, withdrawing a massive Rs 10,169 crore over five straight sessions through July 17, according to data cited by an ET report. The latest wave of outflows has pushed the July tally past the $1 billion mark, marking a sharp reversal after three months of…

India’s economy is performing well but needs continued investment in infrastructure, trade agreements coming through, and ease of doing business to accelerate growth, Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council, said on Friday.“So we are in good shape, but can we grow faster? Yes, but for that, we will need to…

Chevron has completed its $53 billion acquisition of Hess Corp, securing a stake in one of the world’s most lucrative oil fields, after winning a key arbitration ruling in Paris. The International Chamber of Commerce (ICC) cleared the way for Chevron to join Exxon Mobil and China’s CNOOC in Guyana’s massive Stabroek Block, ending a…

NEW DELHI: Nayara Energy’s refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow’s war machine.“For the first time, we’re designating a flag registry and the biggest Rosneft refinery…

India needs to be ‘very careful and clever’ in US trade deal talks, says Raghuram Rajan; flags farm import riskFormer Reserve Bank of India Governor Raghuram Rajan has cautioned that India needs to be “very careful and clever” while negotiating trade agreements with the United States, especially in sectors like agriculture where developed economies provide…