BUSINESS

US markets today: Wall Street logs second sharp fall as AI favourites tumble; global indices mirror tech-led slump

US stocks experienced volatility on Friday, with major AI-linked stocks like Nvidia swinging sharply, impacting broader indices. The S&P 500,…

4 months ago

Trade ties: Switzerland secures US tariff cut to 15%; $200 bn investment push announced

Switzerland will invest $200 billion in the US by 2028 following a trade agreement that significantly reduces tariffs on Swiss…

4 months ago

$100 billion trade target by 2030: India, Russia discuss boost to bilateral ties; marine and pharma products in focus

India has urged Russia to expedite the approval of domestic establishments and registration of marine and pharmaceutical products to boost…

4 months ago

Ford CEO warns US of a workforce crisis: “We have 5,000 skilled-mechanic jobs unfilled even with a $120,000 salary.”

Ford CEO Jim Farley warns of a national crisis as the company struggles to fill 5,000 skilled mechanic roles, despite…

4 months ago

Shutdown strain: Small US businesses reel under halted contracts; firms weigh layoffs as Congress moves to end deadlock

US small businesses are grappling with a severe cash crunch due to the prolonged government shutdown, now in its seventh…

4 months ago

Banking push: FinMin asks PSBs to boost MSME, farm credit; focus on deposits, asset quality and AI-led innovation

Public sector banks are directed to boost lending to MSMEs and agriculture, while focusing on low-cost deposits and robust risk…

4 months ago

Tax refund update: CBDT gives concurrent powers to CPC Bengaluru for rectifications; what it means for taxpayers

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154.…

4 months ago

Tax notice alert! Buying land above Rs 30 lakh? Here’s why you may come under Income Tax Department scrutiny and how to avoid it

Property buyers are increasingly receiving income tax notices questioning the source of funds for their purchases. Tax authorities are using…

4 months ago

‘Relieved from services’: Britannia CEO Varun Berry steps down; Rakshit Hargave to take over from December 15

Varun Berry has stepped down as Britannia's executive vice-chairman, MD, and CEO after a decade of significant growth. The company…

4 months ago

US stocks today: Markets rise on hopes of US govt shutdown ending; Nasdaq jumps over 440 points, S&P 500 gains 1%

Global stock markets surged on Monday. Investors are optimistic as the US government shutdown nears resolution after a 40-day standoff.…

4 months ago