MUMBAI: Export of diamonds from India to the US has nearly halved after President Trump slapped a 50% tariff on the country, plunging the industry into a crisis, said Al Cook, CEO at De Beers Group, adding that there hasn’t been a large scale “relocation” of Indian industry to other countries, though, as stakeholders are…
LAS VEGAS: With artificial intelligence the dominant theme of the world’s largest consumer electronics show, CES 2026 , Samsung Electronics unveiled its ‘Companion to AI living’ vision at The First Look, its preview event.“Samsung is building a more unified, more personal experience across mobile, visual display, home appliances and services,” said T M Roh, CEO…
US President Donald Trump vowed to block defence contractors from paying dividends or buying back shares until they accelerate the production of military equipment. The announcement was made on Truth Social on Wednesday and sent defence stocks tumbling. It signals a rare direct intervention in the US military-industrial sector. He claimed that US produces the…
NEW DELHI: The income tax department on Wednesday flagged major risks associated with virtual digital assets (VDA), such as cryptocurrency, joining the Reserve Bank of India in opposing the entry of these instruments.In a presentation to the parliamentary standing committee of finance, the tax authorities flagged as to how anonymous, borderless and near-instant value transfer…
US employers posted significantly fewer job openings in November, signalling that hiring remains subdued even as economic growth has picked up, according to data released by the Labor Department. Businesses and government agencies reported 7.1 million open jobs at the end of November, down from 7.4 million in October. While hiring remained weak, layoffs also…
The Competition Commission of India (CCI) has sought information from IndiGo and aviation regulator DGCA to assess whether the country’s largest airline indulged in unfair business practices following widespread flight cancellations last month, PTI reported citing sources.In early December, IndiGo, which commands over 63% share of the domestic aviation market, faced major operational disruptions that…
Agnivesh Agarwal, the eldest son of mining billionaire Anil Agarwal, passed away in the US. He was 49.Agnivesh, who was on the board of Vedanta group firm Talwandi Sabo Power Limited (TSPL), was recovering from an undisclosed illness at the time of his death.Anil Agarwal has two children: his late son, Agnivesh, and a daughter,…
NEW DELHI: IndiGo on Wednesday became the first Indian airline to induct an Airbus A321XLR (extra long range) aircraft in its fleet. Arriving in Delhi, the airline’s first A321XLR will be deployed on the airline’s upcoming non-stop services connecting Mumbai to Athens from Jan 23, 2026, and Delhi to Athens from Jan 24, 2026, operating…
US stocks were mixed in early trading on Wednesday, a day after key indices touched fresh record highs, as investors turned cautious ahead of crucial US jobs data and amid rising global uncertainty.The S&P 500 was hovering between gains and losses, while the Dow Jones Industrial Average edged up 28 points, or 0.1 per cent….
Warner Bros. Discovery has once again turned down a takeover offer from Paramount, telling shareholders that the rival bid does not serve their interests and reiterating its recommendation to support a proposed $72 billion transaction with Netflix.In a statement on Wednesday, the company said its board had reviewed Paramount’s latest proposal and concluded that it…
