Robert Murdoch (AP file photo) and son Lachlan Murdoch (Photo from Fox corporation website) Rupert Murdoch’s family has finalised succession arrangements that hand control of his media empire to eldest son Lachlan Murdoch, ensuring Fox News retains its conservative direction. 94-year old Murdoch, an Australian-born American tycoon, built one of the world’s largest media groups, […]
Old packs, new prices: FMCG companies rush to deliver GST gains
MUMBAI: FMCG companies are on their toes, putting in place strategies so that benefits of the GST cuts can be passed on to consumers from Day 1 (Sept 22) even as they await clarity from govt on labelling and packaging issues. Firms are fast shifting their production to new MRPs and streamlining dispatches, which essentially […]
India-Israel ties: Bilateral investment treaty sealed; step towards deeper economic and strategic relations
India and Israel on Monday sealed a bilateral investment treaty, in a move aimed towards strengthening economic ties and laying the groundwork for a possible Free Trade Agreement (FTA).The Government of India and the State of Israel formalised the BIT with Union finance minister Nirmala Sitharaman and her Israeli counterpart, HE Bezalel Smotrich, signing the […]
‘Something being worked out’: Nirmala Sitharaman signals relief for exporters hit by US tariffs; government keeping close watch on rupee
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman has said the government is preparing a comprehensive package to support Indian exporters impacted by the steep 50 per cent tariff imposed by the US. She noted that a multi-departmental exercise is underway to assess the effect on shipments.In an interview with […]
Investing in mutual funds: Should low charges make you buy a fund? Here’s what experts say
Mutual Fund investments (AI image) The direct plan of the Jio BlackRock Flexicap Fund that opens later this month has a total expense ratio of 0.5%. The fund house claims that its efficient execution processes would lower costs and potentially increase portfolio returns for investors. The logic seems simple: the lower the cost, the higher […]
Digital economy: Coal India explores data centres in closed mines; to boost digital infra, sustainability
Coal India Limited (CIL) is exploring the possibility of setting up data centres in its decommissioned mines, repurposing redundant assets to meet India’s rising demand for digital infrastructure while pushing sustainable development.The state-owned miner has initiated a detailed feasibility study with consultants, officials told PTI. The exercise will include site assessments, a comparative analysis of […]
Hyundai raid fallout, US work visa system hurdles: How Trump’s Made-in-US dream is being paralysed – explained
Trump has expressed his desire to facilitate the training of US workers by bringing in battery plant specialists. (AI image) US President Donald Trump’s ambitious ‘Made-in-USA’ dream is facing hurdles created by his own administration’s actions. The recent immigration raid on a Hyundai-LG Energy Solution battery facility in Georgia is an example of how Trump’s […]
Food security: Smallholder farmers hold key to tackling global food crisis, says ICAR director
Complex challenges facing global agri-food systems require solutions centred on smallholder farmers, the country’s top agricultural research official said as international experts gathered in the capital to deliberate on the future of world food security.Department of Agricultural Research and Education Secretary and ICAR Director General Mangi Lal Jat was addressing DialogueNEXT in India, a two-day […]
Switching to E20 blended fuel: Why are vehicle owners worried? Explained
The government’s rollout of E20, a new ethanol-blended petrol, has sparked panic and confusion across India, the world’s third-largest auto market.Since its nationwide rollout in April, the move has sparked public concern and confusion, with many worried about how it might affect their vehicles and calling for more options in ethanol fuel blends like the […]
PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona
PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company […]