Stock market outlook: The markets this week were driven by macroeconomic pressures and mixed global cues. Domestically, the rupee slid to a fresh record low of 90.56 against the US dollar, dampening risk sentiment. However, some relief came after the US Federal Reserve announced a 25-basis-point rate cut, while optimism over progress in India–US trade…
As the new year approaches, a clear theme is emerging on Wall Street, the technology giants that powered the bull market may no longer dominate market gains.Strategists at firms such as Bank of America and Morgan Stanley are advising clients to look beyond the so-called Magnificent Seven, a group that includes Nvidia and Amazon and…
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort.That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world’s largest…
In a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers calibrated its cameras, typical of the incremental automation being adopted even across smaller factories in the world’s manufacturing powerhouse.China is already the world’s largest market for industrial robots, and the government is pouring billions of dollars into…
The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion.SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest…
Representative image (AI) In a significant acknowledgement of India’s growing economic importance to the United States, three members of the US House of Representatives have moved to roll back steep tariffs imposed by President Donald Trump on Indian imports, arguing that the measures hurt American jobs, consumers, and the broader US-India partnership.The resolution, introduced by…
Automakers saw a strong rise in factory dispatches to dealerships in November, indicating that consumer demand remained strong even after the festive season ended. Companies noted that cars, two-wheelers and three-wheelers recording strong double-digit growth as compared to the same period, a year earlier. Industry body SIAM said that the month turned out to be…
Train travel could soon become even better, with passengers able to savour their favourite delicacies from popular brands, right on board!Indian Railways has begun testing a revamped on-board catering model on selected trains, as the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) looks to upgrade the quality and delivery of meals served to passengers….
NEW DELHI: After a massive nationwide operation, Central Board of Direct Taxes acted against several intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act.The move followed actions in July 2025, covering 150 premises, during which more than 102 suspicious RUPPs were identified for their role…
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
