Trump’s Tariffs Turn Porsche’s Headwinds Into a ‘Violent Storm’
The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration. Source link
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Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from accessing securities markets
NEW DELHI: Securities and Exchange Board of India (Sebi) issued directives on Wednesday prohibiting Sumant Kathpalia, former CEO of IndusInd Bank, and four other individuals from participating in securities market activities. The regulatory body has also impounded Rs 19.78 crore from them through an interim directive.The other executives facing restrictions include Arun Khurana, who served…
Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices
Japan’s government faces pressure to curtail debt-fueled spending that some argue has staved off populist waves. Source link
British American Tobacco trims ITC stake by 2.5% in Rs 12,941 crore deal to boost financial flexibility
British American Tobacco Plc (BAT) on Wednesday divested a 2.5 per cent stake in Indian conglomerate ITC Ltd for Rs 12,941 crore through open market transactions, reducing its shareholding in the FMCG giant to 22.94 per cent from 25.44 per cent.According to bulk deal data available with the National Stock Exchange (NSE), BAT’s affiliate Tobacco…
N Chandrasekaran to step down as Tata Chemicals chairman and director, S Padmanabhan named to take over
N Chandrasekaran, Chairman of Tata Sons N Chandrasekaran, Chairman of Tata Sons, has stepped down from his roles as Chairman and Director of Tata Chemicals, effective May 29, 2025. The announcement was made via a regulatory filing, with the Board of Directors acknowledging his resignation during a meeting held on Wednesday, according to news agency…
The Allure (and Complications) of “Golden Shares”
The White House would like some control of U.S. Steel if it approves its sale to Nippon Steel. Such deals could alter foreign investment in the United States. Source link
India’s industrial output growth slows to 2.7% in April 2025, weighed down by mining & power sectors
India’s industrial production growth decelerated to 2.7% in April 2025, down from 5.2% recorded in the same month a year ago, as the mining, manufacturing, and power sectors showed weaker performance, official data revealed today. The Index of Industrial Production (IIP) for April 2025 showed a notable slowdown after the 5.2% growth in April 2024.According…
Cabinet approves Rs. 3,399 crore worth rail projects to boost connectivity in Maharashtra and Madhya Pradesh
The Cabinet Committee on Economic Affairs (CCEA), under Prime Minister Narendra Modi‘s chairmanship, has sanctioned two significant railway multitracking projects in Maharashtra and Madhya Pradesh. These infrastructure developments, estimated at Rs 3,399 crore, are scheduled for completion in 2029-30.The sanctioned initiatives comprise: Ratlam-Nagda 3rd and 4th railway lines Wardha-Balharshah 4th railway line The projects will…
Delhi’s IGI airport ranks among top 10 hub airports in Asia-Pacific and Middle East
NEW DELHI: Delhi’s Indira Gandhi International Airport has earned distinction as the only Indian airport ranked among the top 10 hub airports in the Asia-Pacific and Middle East region, according to the 2024 Air Connectivity Ranking released by Airports Council International (ACI) for Asia-Pacific (APAC) and Middle East (MID).Dubai International Airport leads the rankings, while…
With Direct Flights From the U.S., Greenland Awaits More Tourists
Already in the geopolitical spotlight, the country prepares for the first direct flights from the United States. In the capital of Nuuk, the expected tourism influx is both exciting and worrying. Source link