Latest News, Updates & Breaking Headlines
Mumbai: Metal prices are on a tear globally as geopolitical tensions, rising chances of a rate cut in the US, higher demand from some of the fast-growing industries like EV, solar and semiconductors for these metals, and expectations of higher demand from China have added to the tailwinds.On Wednesday, silver crossed the $90-per-ounce (Oz) mark…
A key industry demand relates to strengthening the Customs Authority for Advance Rulings (CAAR). (AI image) As the Centre readies the Union Budget 2026-27, industry and tax experts have flagged mounting customs litigation, uneven trade facilitation and gaps in digitalisation as areas needing urgent policy attention. In its pre-Budget memorandum, FICCI has outlined a series…
BENGALURU: Ifosys is under investigation by the US Department of Justice over the classification of certain H-1B visa recipient employees working for one of its clients in immigration documents filed with US govt authorities. Infosys said it is engaged in discussions with the DoJ regarding the ongoing investigation and is continuing its own inquiry into…
Infosys outperformed its larger peer, TCS, with a stronger performance in the Dec quarter. Its shares rose as much as 8% in early trade on the NYSE on Wednesday after the company reported higher-than-expected sales, driven by strong large deal wins, and upgraded its revenue growth guidance for FY26.It posted sequential revenue growth of 0.6%…
MUMBAI: Startups are readjusting their IPO valuations amid market volatility. After Amagi Media Labs, the first new-age company to head to Dalal Street this year, Shadowfax has tempered its valuation targets. At the upper end of the price band set at Rs 124 per share, the logistics company is seeking a valuation of Rs 7,169…
China’s exports ended last year with a growth spurt and sent its trade surplus to a record $1.2 trillion in 2025, extending a boom that’s seen factories escape Donald Trump’s tariffs by making deeper inroads into markets beyond the US.The resilience was the biggest surprise for an ailing Chinese economy and could cushion it in…
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…
India’s shipments to China posted a rare year-on-year increase in 2025, even as the bilateral trade gap ballooned to an all-time high, underlining the persistent imbalance in the two-way economic relationship, PTI reported.Data released by Chinese customs on Wednesday showed that Indian exports to China rose by $5.5 billion during January–December 2025, taking total outbound…
US retail sales rose a better-than-expected 0.6% in November as holiday shopping gathered momentum, following a revised 0.1% decline in October, according to data released by the Commerce Department. The report was delayed by more than a month due to the 43-day federal government shutdown, AP reported.Retail sales had edged up 0.1% in September, after…
