There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s called cementation. Montana Resources, the…
Air India declared on Tuesday the suspension of its two-way flight services connecting multiple destinations. (AI image) India-Pakistan tensions impact on air travel: Hours after resuming flights to airports in parts of northern India, airlines like Air India and IndiGo announced cancellations for May 13.On Monday, the Airports Authority of India (AAI) declared that 32…
A temporary reprieve in trade tensions between the United States and China has reduced, but not eliminated, the odds of a shock to the economy that carries a whiff of stagflation, a top official at the Federal Reserve warned on Monday. Austan D. Goolsbee, president of the Federal Reserve Bank of Chicago, said tariffs and…
Infosys reported a decline of 11.7% in its net profit to Rs 7,033 crore for the fourth quarter compared to the previous year. Infosys staff members have received signals suggesting a reduced performance bonus for the quarter ending March 2025, reflecting ongoing uncertainty in the IT services industry.During a recent conference bridge discussion with a…
Two Chinas inhabit the American imagination: One is a technology and manufacturing superpower poised to lead the world. The other is an economy that’s on the verge of collapse. Each reflects a real aspect of China. One China — let’s call it hopeful China — is defined by companies like the A.I. start-up DeepSeek, the…
MUMBAI: Tata Steel will inject $2.5 billion (Rs 21,411 crore) into its Singapore unit, T Steel Holdings, to bolster its European business operations and repay debt. Tata Steel owns the UK and Netherlands businesses through T Steel Holdings.Any overseas investment exceeding $1 billion in a financial year requires prior approval from the RBI. The board…
President Trump has defended his decision to introduce tariffs on goods from other countries by arguing that it will lead companies to shift production to the United States, bringing back jobs. For German companies, which have been producing their goods in the United States since the late 1800s, such arguments ring hollow. Thousands of German…
Market watchers will focus on crucial inflation data due Tuesday, including India’s CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Tuesday a day after an over 3.5% rally. While Nifty50 went below 24,800, BSE Sensex was below…
Fox Corp. revealed new details about its streaming service on Monday, including that it would debut this fall and would be called Fox One. The announcement came ahead of the company’s upfront, an annual pitch to entice advertisers with a slate of upcoming shows. Lachlan Murdoch, the company’s chief executive and son of the Fox…
MUMBAI: In three companies – One97 Communications (Paytm), Aether Industries, and KFin Technologies – institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.In Paytm, Antfin (Netherlands) Holding, one of the early investors in the digital payments solutions pioneers in India, is…
