China took aim at the United States on Monday, sharply criticizing its 50% tariffs on Indian imports, calling the move “unfair, unreasonable” and making it clear that Beijing firmly opposes the move.China’s ambassador to India, Xu Feihong said that Washington has long taken advantage of free trade, but is now using it as a weapon.Speaking […]
IPO watch: LG Electronics may launch India arm IPO in October; Rs 15,000-crore issue in works
South Korea’s LG Electronics is gearing up to launch the initial public offering (IPO) of its Indian subsidiary in October, banking sources aware of the matter told ET. The consumer electronics major is planning to raise around Rs 15,000 crore through the share sale, making it the largest IPO of 2025 so far.According to one […]
Infosys buyback plan: Board to consider equity repurchase; company to hold key meeting on September 11
Infosys, India’s second-largest IT services company, on Monday said its board will consider a proposal for the buyback of equity shares on September 11, PTI reported.In a BSE filing, the company said, “…the Board of Directors of Infosys Limited will consider a proposal for buyback of fully paid-up equity shares of the company at its […]
Trade deals: India and EU resume negotiations; Qatar FTA may be announced next month
India is set to accelerate its trade negotiations with many nations as a series of bilateral engagements is lined up this week.Fresh rounds of negotiations with the European Union began today as an EU team arrived in New Delhi and discussions opened formally, sources told ANI.Union commerce and industry minister Piyush Goyal is scheduled to […]
US markets today: Wall Street ticks higher near record levels; Robinhood and EchoStar surge on key announcements
US stocks edged higher on Monday as investors prepared for a week packed with critical economic data that could influence whether, and by how much, the Federal Reserve adjusts interest rates at its next policy meeting in a week.The S&P 500 rose 0.3%, hovering just below the record level it reached last week. The Dow […]
SpaceX deal: Elon Musk’s firm to buy EchoStar spectrum licenses for $17 bn; Starlink expansion to get major boost
Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2 […]
Jobs data: India’s unemployment rate lowest among G20 at 2%; Union minister Mansukh Mandaviya cites WEF report
India’s unemployment rate, at 2 per cent according to World Economic Forum data, is the lowest among G20 nations, Union Labour and Employment minister Mansukh Mandaviya said on Monday.Speaking at the signing of MoUs between the Labour Ministry and digital mentorship platform Mentor Together and classifieds site Quikr, the minister said the figure reflected how […]
Boardroom shift: Amitabh Kant joins HCLTech board as independent director; ex-G20 Sherpa to guide strategy
Amitabh Kant (FIle photo- PTI) IT services major HCL Technologies on Monday announced the appointment of Amitabh Kant as an independent director with effect from September 8, 2025.The company said in a statutory filing that the appointment, cleared by the Board and recommended by the Nomination and Remuneration Committee, is for a term of five […]
Tourism boom: India’s hospitality sector to touch $60 bn by 2028; domestic travel to drive surge, says report
India’s tourism and hospitality sector is projected to touch nearly $60 billion by 2028, driven by a sharp rise in domestic travel, according to a report by IDBI Capital.The study forecasts that domestic visitors will double from 2.5 billion in 2024 to 5.2 billion by 2030, clocking a compound annual growth rate (CAGR) of 13.4%. […]
Why have central banks’ gold purchases come down? High prices, geopolitics weigh; trend of moving away from US assets intact
Escalating prices of gold have contributed to the slowdown in gold purchases. (AI image) After aggressively buying gold in the last year, central banks around the world have now slowed down their purchases of the yellow metal. Central bank gold acquisitions have come down compared to last year, indicating a more measured stance amid global […]