Latest News, Updates & Breaking Headlines
Strong consumer spending lifted the US economy to its fastest growth rate in two years in the July–September quarter, even as job creation remained subdued and concerns over the cost of living persisted.America’s gross domestic product expanded at an annual rate of 4.4% in the third quarter, a slight upward revision from the earlier estimate…
Sony is partnering with Chinese rival TCL Electronics, ceding majority control of its iconic Bravia TV brand. In a new joint venture, Sony will hold a 49% stake, while TCL takes 51%, to manage global TV and home audio operations. Sony Group is spinning off its television and home entertainment division to Chinese rival TCL…
MUMBAI: Electricity, chemicals and metals accounted for 60% of the proposed investments in terms of sectors while in terms of geography, Andhra Pradesh, Odisha and Maharashtra account for half of the total investments proposed in the country in the first nine months of FY26.According to a Bank of Baroda Economic Research note, new investment announcements…
A consumer court in Rajasthan’s Kota on Friday ordered Bollywood actor Salman Khan to appear in person in connection with a complaint alleging a “misleading” pan masala advertisement. The court also directed a forensic examination of the signature on the power of attorney submitted on the actor’s behalf.The court noted that the next hearing in…
US-based iRobot, which was once considered one of America’s biggest consumer electronics companies, filed for bankruptcy last week. Now, Colin Angle, the co-founder and former CEO of the Roomba robot vacuum maker, has revealed what went wrong for the company. Angle claimed that unfair competition from Chinese companies played a major role in iRobot’s recent…
Four peddlers, one consumer arrested in Telangana drug bust HYDERABAD: The Hyderabad Narcotics Enforcement Wing (H-NEW) arrested four people, including three alleged drug peddlers, for their involvement in a drug network.H-NEW officials said the accused — Ummidi Immanuel, an event manager from Kondapur; Sushmitha Devi, a software professional at a prominent firm; and G Sai…
Sunil Mittal (File photo-ANI) New Delhi: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second Chinese company to have sold a significant stake in its Indian operations after…
US consumer confidence weakened in December, sliding to its lowest level since President Donald Trump rolled out sweeping tariffs earlier this year, as households grew more anxious about high prices, trade levies and job prospects, according to a survey by the Conference Board.The Conference Board said its consumer confidence index fell 3.8 points to 89.1…
India is emerging as a rare bright spot in retail at a time when shopping malls across Western economies are facing sustained closures, according to real estate consultancy firm Anarock.Since 2020, the US has recorded a net shutdown of nearly 1,200 mall stores, with rising vacancy levels pushing almost 40 per cent of empty malls…
Netflix has been hit with a consumer lawsuit seeking to block the online video giant’s planned $72 billion acquisition of Warner Bros Discovery’s studio and streaming businesses.The proposed class action was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the US subscription…
