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Asha Sharma (Photo credit- Microsoft) TOI Correspondent from Washington: In a sweeping reset during Xbox’s 25th anniversary year, Satya Nadella-led Microsoft has named Asha Sharma as CEO of Microsoft Gaming, pitching another Indian-American into a leadership position at a time of intense xenophobia in MAGA circles. Wisconsin-born Sharma, 43, succeeds Phil Spencer, the widely admired…
Before you make the decision on which asset class to invest in, experts believe it’s prudent to look at historical data. (AI image) Gold and silver have delivered eye-popping returns over the last one year. In contrast, Sensex and Nifty have delivered a muted performance. Gold and silver have already delivered an exceptional run over…
US President Donald Trump has imposed a fresh 10% tariff on imports from all countries, including India, hours after the US Supreme Court struck down a key legal basis for several of his sweeping global tariffs. The move shifts the legal foundation of his trade policy rather than ending it, ensuring tariffs remain central to…
TOI correspondent from Washington: In an extraordinary and unprecedented attack on a storied 236-year old institution that predates the arrival in America of his forbears by almost a century, President Donald Trump has accused the US Supreme Court of being swayed by foreign interests after it struck down his “liberation day” tariffs in a 6-3…
Eighty-six countries and two international organisations have signed the AI Impact Summit declaration, signalling broad global support for shared principles on responsible and inclusive artificial intelligence, IT minister Ashwini Vaishnaw said on Saturday. The declaration was adopted at the conclusion of the India AI Impact Summit held in New Delhi, with signatories including the US,…
The likelihood of a monetary policy rate hike remains low due to subdued core inflation, according to a report by ICICI Bank Global Markets. The Reserve Bank of India is expected to maintain a prolonged pause in its rate cycle into FY2026–27, with greater emphasis on injecting durable liquidity to ensure effective monetary policy transmission,…
The US Supreme Court ruled that President Donald Trump cannot legally use emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The decision blocks part of his trade strategy but does not end his trade war.The ruling mainly affects “reciprocal tariffs,” which Trump announced last April in the Rose Garden. These…
As weekend approaches, bank customers need to verify the holiday calendar before visiting branches, as bank closures in India depend on national holidays, state-specific festivals, and the weekly schedule mandated by the Reserve Bank of India (RBI). While some Saturdays are working days, others are designated holidays, making it important to confirm branch availability in…
New Delhi: Domestic industry and experts saw some relief in the US Supreme Court striking down Trump’s tariffs and argued that it may help India negotiate a better deal.While US President Donald Trump had imposed 50% tariffs on Indian exports, the 25% penal tariffs have been done away with. With the interim agreement finalised, the…
Mumbai: Investor sentiment in India improved after the completion of India-EU free trade negotiations in end-Jan and the subsequent interim trade agreement with the US, which lifted financial flows and supported markets through trade access, capital inflows, and policy stability, an RBI report said.RBI’s state of the economy report said the domestic economic landscape in…
