Chandelier bidding. Quiet phone banks. Executives wiping their brows. One of the most anticipated auctions of the season proved to be anticlimactic on Monday evening at Christie’s in New York, where many objects were presold to guaranteed bids and there was little evidence of the enthusiastic buyers who defined the market’s peak in 2022. Experts…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the National Company Law Tribunal (NCLT), which had rejected SNJ…
For weeks, Jay Foreman, a toy company executive, froze all shipments from China, leaving Care Bears and Tonka trucks piled up at Chinese factories, to avoid paying President Trump’s crippling 145 percent tariff. But as soon as his phone lit up at 4 a.m. on Monday alerting him that Mr. Trump was lowering tariffs on…
Image used for representative purposes NEW DELHI: Cyber security watchdog CERT-In on Monday issued a vulnerability advisory regarding certain versions of Apple’s iOS operating system and iPad operating system as they may allow malicious applications. “A vulnerability in Apple‘s iOS and iPad OS may allow certain malicious applications to cause affected devices to become unresponsive…
House Republicans on Monday outlined their plans for an expansive tax bill that would temporarily enact President Trump’s campaign pledges not to tax tips or overtime pay, roll back subsidies for clean energy and create a new type of tax-advantaged investment account for children. The bill, which the Ways and Means Committee will formally take…
Anil Agarwal-led Vedanta Ltd on Sunday said it is actively exploring critical mineral resources across six Indian states — Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh — as it looks to strengthen its position in the fast-growing clean energy value chain.Critical minerals are vital for a wide range of energy-efficient technologies, including electric vehicles,…
President Trump’s decision to impose, and then walk back, triple-digit tariffs on Chinese products over the past month demonstrated the power and global reach of U.S. trade policy. But it was also another illustration of the limitations of Mr. Trump’s aggressive approach. The tariffs on Chinese goods, which the United States ratcheted up to a…
MUMBAI: A ceasefire between India and Pakistan lifted investor sentiment on Dalal Street on Monday, spurring the sensex and Nifty to their biggest single-day gain ever in terms of points. The day’s rally also made investors richer by Rs 16.2 lakh crore, marking the biggest one-day gain in market capitalisation.After an initial surge in the…
The Federal Railroad Administration, the nation’s railroad agency, has brought in the Boring Company, the tunneling firm founded by Elon Musk, to help with a multibillion-dollar Amtrak project, according to three people familiar with the discussions. Federal Railroad Administration officials have talked with employees at the Boring Company about assessing the costs and progress of…
Tata Steel reported a more than two-fold increase in its consolidated net profit to Rs 1,200.88 crore for the March quarter, driven by higher volumes and reduced controllable costs, despite lower realisations.The company had posted a net profit of Rs 554.56 crore in the same period a year earlier, according to an exchange filing. However,…
