Auto players seek EV protection in EU pact

NEW DELHI: As Indian and European negotiators enter what is seen to be the final rounds of talks for a free trade agreement (FTA), the local auto companies are wary of Chinese electric vehicles using European Union as a gateway to enter the domestic market at lower duty.As a result, auto players have demanded that…

Read More

At 7%, mfg expected to stay robust

The manufacturing sector remained robust and is estimated to grow by 7% in 2025-26 as opposed to 4.5% last fiscal while construction continued to be healthy at a growth rate of 7%, compared with an increase of 9.4% in 2024-25. Nominal GDP, which accounts for inflation, is estimated to grow by 8% in 2025-26.The crucial…

Read More

‘People live in homes, not corporations’: Trump to ban large investors from buying single‑family homes in US

US President Donald Trump announced on Truth Social that he is taking steps to ban large institutional investors from buying single‑family homes in US. The MAGA chief said he will also ask Congress to codify the measure and plans to discuss broader housing and affordability proposals during his upcoming speech at the World Economic Forum…

Read More

Mobiles to appliances: Samsung set for AI play

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…

Read More

Trump blocks defence dividends and buybacks; executive pay capped at $5 million; stocks tumble

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…

Read More

I-T department flags crypto risks, opposes entry | India News

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…

Read More

US jobs data: Job openings slide to near five-year low; hiring stays sluggish despite solid growth

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…

Read More