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General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
The Bank of England (BoE) on Thursday kept its benchmark interest rate unchanged at 4%, opting for caution ahead of the UK government’s upcoming budget later this month that is expected to include tax increases, AFP reported.Governor Andrew Bailey said the central bank remained confident that rates were on a “gradual path downwards” but stressed…
China on Saturday said it will exempt certain Nexperia semiconductor products from an export ban imposed amid a dispute with Dutch authorities, signalling a partial easing of tensions that had alarmed European businesses.Anxiety over potential chip shortages had mounted after the Netherlands invoked a Cold War-era law in late September to take control of Nexperia,…
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
PATNA: Government has indicated that it is close to finalising a bilateral trade deal with the US and also hinted that the much-delayed Export Promotion Mission is expected to be announced in the next fortnight or so. During a meeting with Export Promotion Councils in Delhi late on Wednesday, commerce and industry minister Piyush Goyal…
China said on Thursday it will suspend for one year certain export restrictions, including those related to rare earth materials, that were announced earlier in October, signalling a temporary easing in trade tensions with the United States, AFP reported.According to Beijing’s commerce ministry, the decision to “suspend the implementation of the relevant export control measures……
Fugitive diamond merchant Nirav Modi Fugitive diamantaire Nirav Modi, imprisoned in the UK for over six years, told a London court that there are “sensational developments” expected when his extradition case to India reopens next month.The 54-year-old appeared before High Court Judge Simon Tinkler at the Royal Courts of Justice on Friday to present his…
Infosys has stepped up lateral hiring across its development centres in India, offering cash rewards to employees who recommend candidates for open positions, signaling growing momentum in mid-career recruitment at the Bengaluru-headquartered software giant, according to an ET report.In an internal communication, Infosys outlined referral bonuses of Rs 10,000 for job level 3 hires, Rs…
CeeDee Lamb’s rehab shows progress ahead of possible return (Image via: Getty Images) The Dallas Cowboys are eagerly anticipating the return of star wide receiver CeeDee Lamb, sidelined with a high-ankle sprain since Week 3. Having missed the past two games, Lamb’s absence has left a major gap in Dallas’ passing attack. With rehab showing…
Gold prices are expected to remain volatile in the coming week as investors monitor developments around the US government funding bill, labour market data, and commentary from the Federal Reserve, analysts said. The release of the Federal Open Market Committee (FOMC) minutes on Thursday is also likely to influence bullion market sentiment.“The week ahead is…
