State Bank of India (SBI) and seven other lenders announced on Friday the sale of 20 percent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 13,483 crore, marking the largest cross-border investment in the Indian banking sector. Upon completion of this transaction, SMBC will become the single…
The Trump administration is working to bring the first group of white South Africans it has classified as refugees to the United States early next week, according to officials briefed on the plans and documents obtained by The New York Times. Although the president halted virtually all other refugee admissions shortly after he took office…
US stock markets opened on a positive note Friday, buoyed by gains in technology stocks and renewed optimism that trade tensions with China may be easing. The Dow Jones Industrial Average climbed 110 points, or 0.27%, to 41,478.58, while the S&P 500 added 23 points, or 0.41%, to 5,686.99. The tech-heavy Nasdaq led the gains,…
On a frigid day in early January, as she worked in her office in the Boston suburb of Billerica, Mass., Siyu Huang received a two-word text message. “Spinning wheels,” it said. Attached was a short video clip showing a car on rollers in an indoor testing center. To the untrained eye there was nothing remarkable…
US President Donald Trump on Friday floated slashing tariffs on China to 80% ahead of a weekend meeting, signaling a possible move to ease tensions in the ongoing trade war.“80% Tariff on China seems right! Up to Scott B,” Trump posted on Truth Social referring to Treasury Secretary Scott Bessent, who is one of the…
At a pharmaceutical factory in Chengdu, China, an order that Thomas Leung placed from Manhattan in January is sitting on hold. The shipment includes a variety of concentrated herbal granules used in traditional Chinese medicine. There’s dang gui, also known as angelica root, which is used to treat gynecological ailments; chai hu, or bupleurum root,…
The recent uptick in Basmati rice prices is driven by increased international demand and not linked to geopolitical tensions between India and Pakistan, according to the All India Rice Exporters Association (AIREA).AIREA President Satish Goel clarified that the export prices of Basmati varieties 1509 and 1718 have seen a slight rise since March due to…
Japanese tech giant Panasonic is planning to pare troubled business lines and its work force by thousands as it aims to reorient itself for a technological era no longer dominated by its traditional electronics. In a statement on Friday, Panasonic said that it would cut about 10,000 jobs globally, primarily within the fiscal year that…
Trump declared a 90-day suspension of his planned reciprocal tariffs on global trading partners last month. India-US trade deal: India has proposed reducing its tariff differential with the United States to under 4% from the current 13%, seeking exemption from President Donald Trump‘s existing and future tariff increases, two sources familiar with the negotiations between…
The show’s producer, Jonathan Nolan, has put himself at the forefront of Hollywood’s push to get California to approve $750 million in tax rebates. Source link
