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Business News - Page 13

Japan core inflation stays below 2% target after BOJ’s landmark rate hike

Japan’s core CPI rose 1.4% in May for the fourth straight month below the Bank of Japan’s target, even as rising energy costs and producer prices keep inflation risks alive after the central bank’s historic policy tightening.

Kia India to hike vehicle prices by up to 2% from July 1 amid rising input costs

The automaker says the price revision across its model range comes as higher raw material costs and operational expenses continue to put pressure on the automobile industry.

US reviews European troop presence and warns NATO allies on defence spending

Washington pushes Europe to take greater defence responsibility as Pentagon reviews US troop deployments; NATO allies race to fill gaps after reduction in American crisis forces

Bank of England hits pause at 3.75% as Iran war fallout keeps inflation fears alive

The Bank of England’s Monetary Policy Committee voted 7-2 to keep borrowing costs unchanged, warning that higher energy prices could keep inflation pressures alive despite signs of easing geopolitical tensions.

India’s engineering exports surge 24% to $12.31 billion in May despite global trade headwinds

EEPC India says strong global demand, government support and exporter adaptability helped engineering shipments maintain momentum amid West Asia tensions and supply chain disruptions

India’s energy sector stays resilient amid global turmoil as diversified supplies, coal strength provide shield: S&P Global Energy

India’s energy strategy is helping it withstand geopolitical shocks, with refiners adapting to Strait of Hormuz risks, domestic coal supporting grid stability and rising AI demand positioning the country as a global data centre hub, according to S&P Global Energy

UK wage shock keeps Bank of England on edge as pay growth beats forecasts ahead of rate call

Britain’s labour market delivers a surprise boost as wages rise faster than expected and unemployment falls, creating fresh challenges for the Bank of England’s inflation fight.

China makes Africa yuan testing ground, expands currency’s footprint via trade, debt

China is expanding the yuan’s footprint across Africa through rising trade, debt financing and new payment networks, advancing Beijing’s push to build alternatives to Western finance

Gold’s new era: Why the record-breaking bull run may be just getting started

After a historic rally to record highs, gold’s momentum may still have further to go as central bank accumulation, geopolitical uncertainty, inflation concerns and expectations of future rate cuts continue to support the precious metal’s long-term outlook.

Second hike in three months: Tata Motors raises commercial vehicle prices by up to 2.5%

Tata Motors will raise prices across its commercial vehicle range by up to 2.5 per cent from July 1, marking its second increase in three months amid rising commodity and input costs

India's defence production jump 110% in 5 years: How did New Delhi do this?

India's defence production has surged 110 per cent in five years to a record Rs 1.78 lakh crore. Here's how policy reforms, private-sector participation, indigenous weapons programmes and rising exports helped drive the transformation

Joshua Baer, the ‘Austinpreneur’ who helped build Texas’ tech capital, dies in plane crash

Joshua Baer, founder of Capital Factory and one of the architects of Austin’s rise as a technology hub, has died in a private jet crash in Texas. He was 50

Gold climbs over 1% after oil slump as markets react to new US-Iran ceasefire pact

Gold rose more than 1 per cent as oil prices fell after the US and Iran extended their ceasefire agreement, although expectations of a Federal Reserve rate hike later this year continued to cap gains.

'It's all right. Whatever': Trump backs Fed's Warsh despite rate hold

US President Donald Trump voiced confidence in Federal Reserve Chair Kevin Warsh after the central bank kept interest rates unchanged, signalling a softer White House approach to the Fed despite continued differences over monetary policy

‘Price increases are unavoidable’: Apple CEO Tim Cook warns of product price hikes as chip costs surge

Apple has warned that rising memory and storage chip costs driven by AI demand are forcing “unavoidable” price increases across its products, as CEO Tim Cook flags mounting supply chain pressure and tighter chip availability

‘Fastest implementation’ in British trade deal history: India-UK FTA goes live on July 15

India and the UK have announced that their landmark free trade agreement will come into force on July 15, delivering duty-free access to 99 per cent of Indian exports and marking the fastest implementation of a trade deal in British history

Hawkish signals, Fed reforms: Five takeaways from Kevin Warsh's first FOMC meeting

The Federal Reserve kept rates unchanged, but Kevin Warsh's first FOMC meeting delivered hawkish signals, sweeping reform plans and a new communication style that left investors reassessing the path of US monetary policy

G7 turns into trade victory lap for India as UK, EU and US negotiations gather momentum

Prime Minister Narendra Modi's meetings at the G7 Summit delivered major trade gains for India, with the UK trade pact set to take effect from July 15, the EU targeting an FTA signing by year-end, and the US indicating a trade deal is close

India’s top exchange NSE files IPO draft papers after years of delay, eyes $55 billion valuation

India’s National Stock Exchange (NSE) has filed draft IPO papers after years of delay, marking a major step toward its long-awaited listing. The exchange is eyeing a valuation of around $55 billion

Goldman Sachs cuts Brent forecast to $80 as Hormuz reopening calms supply fears

Goldman Sachs lowered its Brent crude outlook after a deal to reopen the Strait of Hormuz raised hopes of a quicker recovery in Middle East oil exports. However, the bank warned prices could still surge above $130 if geopolitical tensions return.

Japan ends 30-year ‘free money’ era: Why BOJ’s rate hike could shake global markets

The Bank of Japan’s move away from ultra-low interest rates marks the end of one of the biggest monetary experiments in modern history. The shift could reshape global liquidity, trigger changes in the yen carry trade, impact US bond markets, and influence capital flows into emerging economies such as India.

Whistleblower in UK court against Jaguar Land Rover — alleges ‘fire risks’ in Range Rover Evoque model

Former Jaguar Land Rover engineer Hazar Denli has alleged the company instructed him not to document concerns about a potential fire risk in the Range Rover Evoque, claims the automaker denies in an ongoing UK employment tribunal

India's defence production surges 110% in five years to record Rs 1.78 lakh crore

India's defence production reached a record Rs 1.78 lakh crore in FY2025-26, rising 110 per cent in five years as private sector participation and defence exports hit new highs amid a global military spending boom

BigBasket co-founder Hari Menon steps down as CEO; Amazon veteran Amit Nanda named successor

BigBasket co-founder Hari Menon has stepped down as CEO, with former Amazon India executive Amit Nanda taking over as the Tata-backed online grocery platform looks to strengthen its position in India's rapidly expanding quick commerce market

Record rice stocks, five-year-high wheat reserves strengthen India's food security

India's rice stocks hit a record 68.43 million tonnes in June, while wheat reserves reached a five-year high, strengthening food security and giving the government more flexibility to manage exports and inflation

Indian, French companies pledge £1.3 bn for UK clean energy and battery projects

Indian and French companies have pledged more than £1.3 billion in investments for UK clean energy, battery storage and advanced manufacturing projects, as Prime Ministers Narendra Modi and Keir Starmer push for deeper economic cooperation on the sidelines of the G7 Summit

US-Iran deal reportedly outlines $300 bn private investment fund; Trump says no US money involved