Business News - Page 20
Coca-Cola explores Mumbai IPO for India bottling arm, signals deeper push into high-growth market
Coca-Cola said it is exploring a potential IPO in India for Hindustan Coca-Cola Beverages in 2027, alongside a partial stake sale, marking a key step in the refranchising of its bottling operations amid rising competition in the Indian beverage market
Noel Tata opposes Tata Sons listing, warns RBI of risks to Tata Trusts’ philanthropic mission
Noel Tata has raised concerns with the RBI over a potential Tata Sons listing, warning it could dilute patient capital allocation and disrupt funding for Tata Trusts’ philanthropic initiatives. The debate has intensified ahead of key board meetings, exposing differing views within the Trusts over governance and long-term strategy
India-US trade deal enters final stretch; Goyal says 99% of negotiations complete
India and the United States are nearing the conclusion of the first tranche of their bilateral trade agreement, with Commerce Minister Piyush Goyal saying 99 per cent of negotiations have been completed and only a few issues remain ahead of a final round of talks in New Delhi
China builds new legal shield against foreign sanctions with tougher investment rules
China has introduced sweeping new investment regulations that allow Beijing to review, block or unwind overseas transactions involving Chinese investors, technology and sensitive data, while expanding its ability to retaliate against foreign sanctions and investment restrictions
Euro zone manufacturing loses momentum as supply shocks push costs to four-year high
Euro zone manufacturing expanded for a fourth straight month in May, but growth slowed as supply-chain disruptions linked to the West Asia conflict pushed input costs to a four-year high and demand for goods stagnated
India-Oman trade deal opens new opportunities for exporters and MSMEs: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal says the India-Oman CEPA will boost exports, create jobs and strengthen MSMEs by providing near-complete duty-free access for Indian goods and expanding opportunities in services, pharmaceuticals and labour-intensive sectors
India redraws economic strategy as West Asia war sparks oil shock and inflation fears
HSBC India Manufacturing PMI climbed to 55.0 in May, signalling stronger factory activity despite rising energy, fuel and raw material costs
SoftBank dethrones Toyota as Japan’s most valuable firm as AI frenzy reshapes markets
SoftBank Group has overtaken Toyota Motor as Japan’s most valuable listed company after a sharp AI-driven rally, highlighting how investor enthusiasm for artificial intelligence and semiconductor stocks is reshaping global markets
GST collections rise 3.2% to Rs 1.94 lakh crore in May; import revenue jumps 19%
Net GST mop-up grows 3.3% to ₹1.67 lakh crore; government says adjusted growth stands stronger after excluding last year’s one-time telecom payment
India’s manufacturing growth hits three-month high in May as demand remains strong
India’s manufacturing activity expanded at its fastest pace in three months in May, driven by strong domestic demand and rising new orders, even as higher fuel costs and West Asia-related supply disruptions added pressure on businesses
India’s factory activity hits three-month high in May despite rising cost pressures, PMI shows
HSBC India Manufacturing PMI rose to 55.0 in May from 54.7 in April as strong domestic demand lifted output and new orders, even as input inflation remained near four-year highs
Berkshire doubles down on housing with $6.8 billion Taylor Morrison acquisition
Cash acquisition expands Berkshire Hathaway’s housing footprint and marks the first major takeover since Greg Abel succeeded Warren Buffett as CEO.
Oil prices jump over 2% as Israel intensifies Lebanon offensive, raising supply fears
Brent crude climbs above $93 a barrel while WTI nears $90 as escalating Middle East tensions and concerns over the Strait of Hormuz outweigh weak economic data from China.
US moves to block Nvidia and AMD AI chip shipments to Chinese firms operating overseas
US tightens AI export controls as fears grow over advanced chips reaching Chinese firms through overseas subsidiaries
Centre cuts export tax on petrol, diesel and jet fuel from June 1; domestic rates remain unchanged
Amid the ongoing crisis in West Asia, the Central Government revised export taxes on petrol, diesel and aviation turbine fuel (ATF) for the next fortnight.
How tomatoes have become the latest symbol of America's affordability squeeze
Tomato prices in the US have jumped nearly 40 per cent in a year, outpacing most grocery items and becoming a symbol of rising living costs. Experts point to tariffs on Mexican imports, the Iran conflict, and weather-related disruptions as key drivers behind the sharp increase
From aircraft ownership to lease resets: IndiGo’s multi-pronged strategy to curb forex risk
Hit by a weaker rupee and geopolitical disruptions, IndiGo is turning to aircraft ownership, lease renegotiations and fleet optimisation to reduce forex exposure and strengthen its balance sheet for long-term growth.
CNBC-AWAAZ hosted Bharat Economic Samvaad on May 26, bringing together India’s top policymakers, business leaders, and economists
CNBC-AWAAZ hosted the Bharat Economic Samvaad in Mumbai on May 26, bringing together top policymakers, industry leaders, and economists to discuss India’s growth journey and the roadmap towards becoming a Viksit Bharat by 2047.
IndiGo posts Rs 2,537 crore loss in Q4 as rupee depreciation and cost pressures bite
India’s largest airline reported a net loss of Rs 2,536.9 crore in the March quarter, compared with a profit a year ago, despite higher revenue and capacity growth.
India and Canada continue talks to finalise CEPA trade pact, says MEA
The Ministry of External Affairs says negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA) are ongoing, signalling efforts by New Delhi and Ottawa to deepen trade and investment ties.
Warsh’s favourite inflation gauge cools, but economists warn against celebrating too soon
Dallas Fed’s trimmed mean inflation eased to 2.3 per cent in April, reinforcing Fed Chair Kevin Warsh’s view that inflation is moderating. But economists say the metric may be understating tariff-driven price pressures, painting an overly optimistic picture.
RBI eyes bigger role for e-rupee in welfare payouts, cross-border transactions
The RBI plans to expand the use of the digital rupee in welfare payouts and cross-border transactions, while also scaling CBDC pilots and financial cloud infrastructure despite a decline in retail e-rupee circulation
BOJ may pause bond tapering in 2027 as market volatility and fiscal concerns mount
Japan's central bank is increasingly leaning towards pausing its bond-buying reduction programme next fiscal year as rising yields, market volatility and political pressure complicate efforts to unwind years of extraordinary monetary stimulus.
France inflation cools slightly, economy slips into contraction amid energy shock
France’s inflation eased slightly to 2.8 per cent in May, but the economy unexpectedly contracted in the first quarter as rising energy prices and weakening exports intensified pressure on Europe’s slowing economy
Who is Hemant Taneja? The Indian-origin investor backing Anthropic’s AI rise
Indian-origin investor Hemant Taneja, CEO of General Catalyst, is making Silicon Valley’s biggest AI bet yet by backing Anthropic’s rapid rise in the global artificial intelligence race
Trump on a US $250 bill soon? Why this won't be easy to do
The proposal to place US President Donald Trump on a new $250 bill for America's 250th anniversary will face legal hurdles under American law as Treasury Secretary Scott Bessent confirmed design preparations
China exports are getting costlier — and the oil shock, AI boom are partly to blame
China’s export prices rose at the fastest pace in a year as higher oil costs and surging AI-driven semiconductor demand fuelled a new wave of export inflation, signalling changing global trade and supply chain dynamics
Dollar weakens, Brent crude slides on reports of US-Iran ceasefire extension
The US dollar weakened and oil prices extended weekly losses after reports suggested Washington and Tehran were close to extending a ceasefire and reopening shipping through the Strait of Hormuz, easing fears over global energy supplies
EU mulls bolstering trade defences as China threatens key sectors
The EU executive is set for much-heralded talks Friday on ramping up Europe's trade defences to shield critical industries from Chinese rivals -- with a growing chorus pressing for a crackdown.
RBI revives plastic currency plan, eyes polymer banknotes pilot amid rising cash demand: Report
The Reserve Bank of India is reviving plans to introduce polymer banknotes, with a pilot project likely soon amid rising cash demand, soaring printing costs and concerns over durability of paper currency