Business News - Page 9
Trump made $1.4 billion from crypto ventures in 2025, financial disclosure reveals
US President Donald Trump's annual financial disclosure shows he earned more than $1.4 billion from crypto ventures in 2025, led by meme coin and World Liberty Financial
US turns 250: How did the Dollar become so powerful, and can it keep its crown?
As the United States celebrates its 250th anniversary, we take a look at how the US dollar became the world's most powerful reserve currency. Explore the history of Bretton Woods, the petrodollar, and whether modern de-dollarisation threats will finally dethrone this global financial hegemon
Noel Tata to step down as Voltas Chairman in November after turning 70
Tata Group veteran says the company's 72nd AGM was his last as Chairman, days after announcing his exit from Trent.
Silver economy, AI reshape global workforce; India signs 28 mobility pacts: Jaishankar
External Affairs Minister says India's mobility strategy goes beyond overseas jobs, positioning skilled workforce movement as a key pillar of global cooperation.
UPI launches in Greece, expands India’s global digital payments network to 10 countries
The rollout through a Eurobank-NPCI International partnership allows Indian travellers to make seamless digital payments in Greece, strengthening UPI's presence across Europe and advancing India's digital public infrastructure globally
India’s crude imports rebound as refiners diversify sourcing beyond Gulf amid Hormuz disruptions: HSBC
Indian refiners restore crude imports to pre-conflict levels by increasing purchases from Russia, the US, Oman, West Africa and South America, reducing reliance on Middle East supplies, HSBC says.
France's June inflation cools to 2%, undershoots forecasts
Preliminary data from INSEE shows French inflation eased more than expected in June, strengthening hopes that price pressures across the euro zone remain under control.
UK economy grows 0.6 per cent in Q1, tops G7 growth table despite living standards squeeze
Britain's economy grew by 0.6 per cent in the first quarter of 2026, retaining its position as the fastest-growing G7 economy, although falling household disposable income and an April contraction point to emerging economic headwinds
More central banks plan to cut dollar holdings, boost gold reserves: OMFIF survey
For the first time, more central banks plan to reduce US dollar holdings than increase them over the next decade, while gold, AI and emerging markets emerge as key pillars of future reserve management.
For first time in 20 years, Warren Buffett delays Gates Foundation donation: Report
Warren Buffett has reportedly delayed his annual multibillion-dollar donation to the Gates Foundation for the first time in 20 years as he awaits the outcome of an independent review into the foundation's past ties to Jeffrey Epstein
'It's in last 1 or 2%': US envoy Sergio Gor says India-US trade deal nears completion
US Ambassador Sergio Gor says the India-US trade deal is in its final 1-2 per cent of negotiations, calling it a "win-win" for both countries. The US also announced $20.5 billion in fresh investments in India, while highlighting deeper cooperation in AI, technology and defence
As Europe bakes under deadly heatwaves, World Bank drops climate finance target after Trump pressure
The World Bank Group said it will "retire" its previous goal of devoting 45 per cent of annual lending resources to projects with climate co-benefits, a significant policy shift that comes as Europe endures a severe heatwave and as the institution faces pressure from the Trump administration to narrow its focus back to core development priorities
Yen at 40-year low: What's driving its historic slump, and can Tokyo stop it?
The Japanese yen has fallen to its weakest level against the US dollar in 40 years, raising fears of fresh government intervention. Here's what's driving the currency's historic slump and whether Tokyo can halt its decline amid a hawkish Federal Reserve and widening interest-rate gap
HDFC Bank names banking veteran Puneet Sharma as next CFO, effective December 1
HDFC Bank has appointed veteran banker Puneet Sharma as its next chief financial officer. The outgoing Axis Bank CFO will join as CFO-designate on September 1 and formally take charge from December 1, bringing over 26 years of banking and financial services experience
NRI money could unlock India's next capex cycle after easing banks' funding crunch: Axis Bank CEO
Axis Bank CEO Amitabh Chaudhry says fresh NRI deposits enabled by the RBI's latest policy could first lower banks' funding costs before financing infrastructure, data centres and India's next investment cycle. Estimates suggest the scheme could attract between $50 billion and $100 billion in overseas deposits
Trump warns US fuel retailers: Cut gasoline prices immediately or face 'big problems'
US President Donald Trump has urged fuel retailers to cut gasoline prices immediately, saying crude oil has fallen to around $68 a barrel. He warned of "big problems" for retailers that fail to lower pump prices and renewed his criticism of California's fuel taxes
India is an 'indispensable anchor' of global growth, envoy Vinay Mohan Kwatra says
India's Ambassador to the US, Vinay Mohan Kwatra, says India has become an "indispensable anchor" of global growth and outlined a roadmap for the economy to expand from $4.3 trillion today to as much as $30 trillion by 2047
Former CEC Rajiv Kumar appointed HDFC Bank part-time chairman
HDFC Bank has named former Chief Election Commissioner and ex-Finance Secretary Rajiv Kumar as its new part-time chairman for a three-year term, succeeding Atanu Chakraborty, pending regulatory clearance
India emerges as global data centre hub as US, Europe face capacity crunch
ICICI Securities report says AI boom, hyperscale cloud demand and policy support are positioning India as the next big destination for global data centre investments.
India's factory output rises 5.1% in May on manufacturing boost
Manufacturing expands 5.5%, capital goods output surges 12.9%, electricity rebounds sharply; mining remains the lone drag on industrial production
Delhi goes all-electric: Only EV autos to be registered from January 1
Only electric auto-rickshaws will be registered from January 1, while new two-wheelers must be electric from April 1, 2028, under the Capital's proposed EV policy.
WEF warns global fragmentation could erase $6.9 trillion from world economy
WEF says a full East-West economic decoupling could trigger a sharp slowdown in global growth, stoke inflation, and hit emerging economies hardest as trade tensions deepen.
HDFC Bank likely to back Sashidhar Jagdishan for a third term as CEO. RBI now holds the key
HDFC Bank is expected to recommend CEO Sashidhar Jagdishan for a third term after independent legal reviews cleared governance concerns raised by former chairman Atanu Chakraborty. The final decision now rests with the RBI
The great Gulf reversal: Why the region's biggest loss may be its people
As conflict drives skilled Indians home, economists warn the Gulf's expatriate-led growth model faces a defining moment, with ripple effects for remittances, real estate and labour markets across India.
After targeting US firms, China turns to Japan's defence industry. Here's why
China has expanded its export control regime from US firms to Japan's defence industry, signalling a broader strategy of using critical supply chains and dual-use export controls as geopolitical tools amid rising tensions over Taiwan and regional security
India has seen the future of warfare. Now it's rewriting its military shopping list
From Ukraine to Operation Sindoor, recent conflicts have turned drones into one of the defining weapons of modern combat. India is now beginning to reshape its defence spending around that new reality
Elon Musk at 55: The 55 milestones behind his global business empire
Elon Musk turns 55 with a business empire spanning Tesla, SpaceX, xAI, X and Neuralink. Here's a look at the 55 milestones that transformed him into the world's richest entrepreneur
South Korea wants to spend $650 billion to win the AI race. Here's the bigger plan
South Korea has unveiled a decade-long $650-billion plan to build a new semiconductor and AI hub led by Samsung and SK Group. The ambitious strategy aims to strengthen the country's position in the global AI race while reshaping its industrial landscape beyond Seoul
China says it can endure an EU trade freeze. Here's why Beijing sounds so confident
China says it can withstand even a freeze in trade ties with the European Union as Brussels hardens its stance on subsidies, market access and supply-chain risks. Here's why Beijing believes it has the upper hand despite rising tensions
Putin admits fuel shortages. Why Ukraine's drone war is becoming Russia's costliest challenge
Ukraine's escalating drone attacks on Russian oil refineries are exposing new vulnerabilities in Moscow's war economy. As Vladimir Putin admits fuel shortages for the first time, here's why Kyiv's long-range strategy could become Russia's costliest challenge