Latest News, Updates & Breaking Headlines
China’s rare earth industry is set for faster shipments to select buyers after authorities issued the first batch of new export licences, a step that follows months of disruption caused by Beijing’s tighter controls earlier this year. The move reflects a key outcome of the Donald Trump–Xi Jinping summit, according to Reuters.The approvals mark a…
Air India had operated a 164-seater Airbus A320 on eight flights before an engineer finally detected a safety lapse and the aircraft was taken out of service.The flight, operated betwen November 24 and 25 according to sources cited by ET, was not suitable for flying as its airworthiness licence had already expired. The operations posed…
New Delhi: Punjab National Bank Monday said that it expects the Indian economy to show robust growth in the coming quarters of the current fiscal, which is expected to boost credit demand for banks.“The Indian economy is very robust, despite challenges; our Q2 GDP growth number was 8.2%. In that quarter (July-Sept), the full impact…
Oppo, Vivo, Lenovo-Motorola, Haier, Midea and other top Chinese electronic companies are relying on group companies to fund their Indian operations, according to the Registrar of Companies filings. Most of the funds received are from external commercial borrowing route from linked parties.According to sources cited by ET, this comes as the entities face a roadblock…
MUMBAI: Complaints against credit information companies have almost quadrupled in three years, signalling growing frustration among borrowers over credit scores and data accuracy. This surge stands out in the wider trend of rising grievances handled by India’s financial ombudsman. CIC complaints rose from 1,039 in 2022-23 to 3,847 in 2023-24 and further to 4,585 in…
Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…
Gold prices eased on Tuesday as traders chose to cash in recent gains, mirroring the softer sentiment in overseas markets. The pullback ended the strong run in bullion seen in the previous session.On the Multi Commodity Exchange, the benchmark contract slipped to Rs 1,30,266 per 10 grams. The February 2026 futures also headed lower, giving…
The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…
India’s main refiner, IOC, has maintained its procurement of non-sanctioned Russian crude over several weeks. (AI image) With major Russian oil firms Rosneft and Lukoil being sanctioned, India’s state-run oil refiners are now picking up non-sanctioned crude – and that too at lucrative discounts! US President Donald Trump sanctioned the two Russian crude oil majors…
NEW DELHI: With demand continuing to be strong post the festive season, leading automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hyundai and Toyota Kirloskar – saw robust growth in sales in Nov as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at…
