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JPMorgan CEO Jamie Dimon (File photo) Jamie Dimon, chairman & CEO of the world’s largest bank, visited India to address global business leaders and investors at JP Morgan’s 10th annual India conference. Impressed by Mumbai’s coastal road during his visit, Dimon, in an exclusive interview to TOI, discussed tariffs, H-1B visas, market risks, and stressed…
MUMBAI: Hikal shareholders have approved the reappointment of Bharat Forge vice-chairman and joint MD Amit Kalyani to the board of the chemicals company, with almost all votes cast supporting his continuation. Interestingly, his aunt Sugandha Hiremath and her family, who own about 35% of Hikal, also voted in his favour. Her action comes amid an…
NEW DELHI: The Organisation for Economic Cooperation and Development (OECD) on Tuesday lifted India’s economic growth forecast by 40 basis points for 2025-26, citing monetary and fiscal policy easing and reforms linked to the Goods and Services Tax (GST).“In India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to…
MUMBAI: The rupee closed at 88.76 against the dollar on Tuesday, down 46 paise from its previous close of 88.30 – its steepest one-day fall in nearly a month. The currency opened at 88.59 and hit a day’s low of 88.80. It has now lost over 3.5% this year, making it one of the weakest…
The global economy is heading into a phase of weak growth and systemic disruption, the World Economic Forum (WEF) said in its latest Chief Economists’ Outlook released on Tuesday.India, projected by the IMF to grow 6.5 per cent in 2025, continues to be the fastest-growing major economy, but its manufacturing ambitions face hurdles from the…
MUMBAI: A new study by the International Air Transport Association (IATA) has concluded that the airline industry has access to sufficient sustainable feedstock to achieve its net-zero emissions goal by 2050. The study, however, identifies a significant bottleneck in the slow rollout of technology needed to convert these diverse feedstocks into sustainable aviation fuel (SAF),…
The rupee depreciated 45 paise to settle at a fresh all-time low of 88.73 against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and concerns over the steep hike in the US H-1B visa fee, which exporters fear will hit India’s IT services sector.Forex traders said the local currency extended losses…
Shares of Tylenol maker Kenvue rebounded sharply on Tuesday, recovering from a steep fall triggered by President Donald Trump’s unfounded remarks linking the drug to autism.At the opening bell, Kenvue shares climbed more than 6 per cent, a day after plunging 7.5 per cent, AP reported. Trump had repeatedly instructed pregnant women to avoid Tylenol…
Public sector banks (PSBs) in India are set to see robust loan growth in retail, agriculture, and MSME segments in the coming quarter, according to a sector repirt by Nuvama Institutional Equities.While corporate lending has increasingly shifted to mutual funds and capital markets, loans to individuals, farmers, and small businesses are expected to drive overall…
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to introduce a monetary limit for issuing GST demand notices, in a bid to reduce unnecessary disputes and avoid notices being issued on flimsy grounds, PTI reported citing a senior official on Tuesday.Shashank Priya, Member, CBIC, said the board will soon…
