FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) General Motors will […]
SoftBank reduces Ola Electric stake to 13.5% from 15.6%
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore […]
Dwarka Yashobhoomi to get a five star ITC hotel
NEW DELHI: India’s largest convention and exhibition centre — Yashobhoomi, Dwarka — will soon have a premium five star hotel. India International Convention and Exhibition Centre Ltd at Yashobhoomi has allotted land to ITC Hotel Ltd (ITCHL) on a long term lease basis.ITCHL MD Anil Chadha said: “Yashobhoomi is a game-changer for the meetings, incentives, […]
Marriott Bonvoy appointed ICC’s official accommodation partner
NEW DELHI: Marriott Bonvoy — the travel platform of the world’s largest hotel chain — will be International Cricket Council’s (ICC) Official Accommodation Partner through to 2029. The deal, the two say, will give Marriott Bonvoy’s 26 crore members “the opportunity to embrace the excitement of the game across continents and showcases Marriott Bonvoy’s offerings […]
US markets today: Wall Street edges higher after mixed jobs data; rate-cut bets pushed back
US stock markets traded slightly higher on Friday after a mixed US jobs report tempered expectations of an early interest rate cut by the Federal Reserve, without fully closing the door on easing later this year, according to an AP report.In early trading, the S&P 500 rose 0.2% and hovered near its all-time high set […]
‘Closely following developments’: India watches proposed US tariff bill on Russian oil buyers; what MEA said
India on Friday said it is closely monitoring developments around a proposed US legislation that seeks to impose steep tariffs of up to 500% on countries procuring Russian crude oil, amid growing pressure from Washington, PTI reported.“We are aware of the proposed bill. We are closely following the developments,” External Affairs Ministry spokesperson Randhir Jaiswal […]
Ask Dhirendra: ‘How much risk is right for me, and why does my risk appetite keep changing?’
Your “risk profile” is not carved in stone. It changes with the market, your age, your job, your experiences. (AI image) If I had a rupee for every time someone told me “Sir, I am a moderate-risk investor,” I could start my own small-cap fund.“Moderate risk” is the NSE of personal finance: everyone mentions it, […]
Sensex, Nifty down over 2% in just 5 sessions: All eyes on US Supreme Court ruling on Trump tariffs – what will it mean for markets?
Investors are anticipating that the decision could either trigger a sharp surge in the Sensex and Nifty or exacerbate the turbulence. (AI image) Will the world continue to face US President Donald Trump tariffs or will the Supreme Court in America deem them illegal? It’s an important factor in the minds of investors world over, […]
India outlook: Reforms put wind in its sails amid global headwinds; PMO’s Shaktikanta Das maps the road ahead
India is at the cusp of a historic economic journey, with government policies and reforms giving the country “wind in its sails” even as global trade uncertainties intensify, Principal Secretary to the Prime Minister Shaktikanta Das said on Friday.Delivering the inaugural Bibek Debroy Memorial Lecture, Das said India has emerged stronger from successive global shocks […]
India–US trade talks: Did a missed Modi–Trump call stall the deal? GTRI flags deeper policy gaps
A remark by US Commerce Secretary Howard Lutnick blaming the lack of a personal phone call from PM Narendra Modi for the stalled India–US trade deal does not stand up to scrutiny and diverts attention from substantive policy differences, the Global Trade Research Initiative (GTRI) said in a report released on Friday.In an interview on […]