US Federal Reserve Chairman Jerome Powell (File photo) US Fed FOMC Meeting: Led by chairman Jerome Powell, the US Federal Reserve on Wednesday announced a 25 basis points rate cut after the FOMC meeting. “In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower […]
‘Will be addressed satisfactorily’: Piyush Goyal expresses optimism on India-US trade deal talks; calls relations positive
The bilateral relationship became strained after Trump levied 50 per cent duties on Indian products. Expressing confidence in the India-US trade deal, Commerce Minister Piyush Goyal on Wednesday said that relations between the two countries remain positive. He cited the friendship between Prime Minister Narendra Modi and US President Donald Trump, and expressed confidence that […]
GST rate cuts: Apollo tyres to pass on benefits to buyers; customers to save Rs 300–Rs 2,000
Apollo Tyres on Wednesday announced that it will be passing on the benefits of the recent GST rate cut to customers by lowering the tyre prices. Depending on the product, prices will drop by Rs 300 to Rs 2,000.Passenger car tyres will become cheaper by Rs 300 to Rs 1,500, while truck and bus radial […]
Canada rate cut: Central bank trims lending rate to 2.5%; economy struggles under Trump’s tariff war
Canada’s central bank on Wednesday lowered its key lending rate to 2.5%, giving some relief to borrowers as the country’s economy feels the strain of US President Donald Trump’s trade war.The Bank of Canada had kept its rate steady at 2.75% since March, while assessing the impact of Trump’s shifting tariffs on Canadian businesses that […]
‘India’s growth resilient’: S&P reaffirms GDP outlook despite global turbulence; why growth story is strong
Global economic shocks have slowed India’s growth in the short term, but its long-term prospects remain strong, according to a report by S&P Global India Research.The report highlighted that reforms, infrastructure development, and process improvements have strengthened India’s position, giving it a competitive edge over developed countries.“Amid global market volatility, India’s growth is resilient and […]
Hyundai wage hike: Chennai plant staff to get Rs 31,000 more every month; three-year package includes health benefits
South Korean car maker Hyundai Motor India agreed on a three-year wage package for its employees at the Chennai plant in Tamil Nadu. The deal, announced on Wednesday runs from 1 April 2024 to 31 March 2027 and includes a monthly salary hike of Rs 31,000, applied in a ratio of 55%, 25% and 20%, […]
Jerry leaves Ben & Jerry’s: Feud with parent Unilever over Gaza; co founder steps down ‘in good conscience’
Ben & Jerry’s co-founder Jerry Greenfield has stepped down from the ice cream brand, saying he can no longer “in good conscience” remain after 47 years, as the company’s long-running rift with its parent Unilever deepens over its position on Gaza.In an open letter to the Ben & Jerry’s community, shared on X by his […]
Yes Bank stake sale: SBI seals 13.18% divestment to Japan’s SMBC; largest cross-border deal in banking sector
Yes Bank stake sale: State Bank of India (SBI) has offloaded around 13.18% of its holding in Yes Bank Limited (YBL) to Japan’s Sumitomo Mitsui Banking Corporation (SMBC), marking the completion of a major divestment.SMBC, part of the Sumitomo Mitsui Financial Group (SMFG), is counted among the top foreign banks in India. SMFG itself is […]
Nestle share price drops: Chairman Paul Bulcke to step down earlier than expected; food giant’s shares fall 0.5%
Nestle shares dipped on Wednesday after the food and beverage giant announced the “earlier than planned” exit of its chairman, Paul Bulcke, marking another shake-up at the top of the Swiss multinational.The news sent Nestle’s stock down 0.51% to 71.52 Swiss francs ($90.80) in early trading, weighing on the Swiss stock exchange’s SMI index, which […]
Digital registry! Centre to digitise database of land records; move to establish ownership rights, cut disputes
The government is working on building a comprehensive, integrated electronic database of land records that will clearly establish ownership rights in both rural and urban areas, supported by cadastral maps, land resources secretary Manoj Joshi told ET.Officials believe the move will enhance real-time access to land ownership details, improve the utilisation of land resources, reduce […]