Business News - Page 19

China’s fresh push to boost flagging economy, opens up $71 billion ‘swap facility’

With its economy not responding enough to the already announced stimulus package, China is opening up a $71 billion ‘swap facility’ to re-energise the markets

India's biggest Hyundai Motor India IPO gets even bigger, set to open on Oct 15

Hyundai Motor India has fixed a price band at Rs 1,865-1,960 per share for its Rs 27,870-crore IPO. The public issue will open for subscription on October 15

14 big reasons for RBI's confidence in India's 'resilient' growth story

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on October 9 said, 'Resilient growth gives us the space to focus on inflation so as to ensure its durable descent to the 4 per cent target'

US goes to polls, but federal deficit hits $1.8 trillion, highest in post-Covid era

The $1.8 trillion federal deficit for the fiscal year 2024, which ended on September 30, highlights that the US government has spent way beyond what it collected in revenue

RBI keeps repo rate unchanged at 6.5%, changes stance to neutral

RBI Governor Shaktikanta Das said, 'MPC decided by a majority of five out of six members to keep the policy repo rate unchanged at 6.5 per cent'

The shoes helping Adidas run faster as Nike slows down

Nike’s struggles have opened the door for Adidas to gain market share with its Samba and Gazelle sneakers, though the trend may be fading.

RBI monetary policy tomorrow, will it take global cue to cut repo rate?

RBI's new monetary policy committee will announce its decision on interest rates on October 9. Economists say that the MPC with three new members may set the stage for a rate cut

China’s economy to grow below 5% target despite stimulus package, forecasts World Bank

As per the World Bank, China’s economic growth is expected to weaken further to 4.3 per cent from an estimated 4.8 per cent 2024 even with a temporary boost from recent stimulus measures

Farmers get a third of what you pay for veggies, middlemen and retailers pocket the rest: RBI study

According to ab RBI working paper, fruits and vegetables' farmers are getting around one third of the price that a consumer is paying; the rest is apportioned by the wholesalers and retailers

Embraer C-390 Millennium: An unbeatable combination for Hungary

The C-390 first entered service with the Brazilian Air Force (FAP) in 2019, and the Portuguese Air Force in 2023, deployed in a variety of roles that underline its true multi-mission capabilities

Meta CEO Mark Zuckerberg becomes third richest person in the world, overtakes Amazon's Jeff Bezos

Zuckerberg's rise came amid a strong week of trading for Meta shares, which are up more than 5 per cent this week.

US added 254,000 jobs in September, unemployment rate dips to 4.1%

The addition of 254,000 was markedly higher than August's 159,000 number, which was also revised higher

How big will be India's biggest IPO? Hyundai seeks $19 bn valuation to raise $3.3 bn: Report

Hyundai Motor India Ltd IPO is expected this month. Amid this, a report says that Hyundai Motor Co. is seeking a valuation of $19 billion for the public offering of its India unit

9 things about EU vote on 45% tariff on Chinese EVs as Germany sides with Hungary

As the EU gears up to face a pivotal vote on whether to impose tariffs up to 45 per cent on imports of Chinese-made electric vehicles several member states such as Germany and Hungary urged the body to reconsider the move

Expect better salary hike in 2025 than you got this year: Survey

According to a survey by professional services firm Aon, salary hike for 2025 is expected at 9.5 per cent, a slight increase from the 9.3 per cent this year

ChatGPT-maker OpenAI's valuation hits $157 billion, one of the biggest in the world

OpenAI has raised $6.6 billion from top investors, including Microsoft and Nvidia, boosting its valuation to $157 billion. Despite personnel changes, the AI company is targeting significant growth, with projections of $11.6 billion in revenue next year, and continues its pursuit of artificial general intelligence (AGI)

Philippines make Netflix, HBO streaming expensive with 12% value-added tax

This law could support the development of local streaming platforms as global companies like Netflix and regional provider Viu aim to grow their presence in the Philippines, which has a population exceeding 110 million

Middle East mayhem mauls Wall Street & global stock markets but pushes oil price high

After Iran launched around 180 missiles at Israel and worsened fears of a region-wide conflict, Wall Street's main indices sank. Stocks in Europe reacted similarly. However, gold and oil prices shot up

12 money rules changing from October 1 in India

From October 1, new rules for the regularisation of irregular PPF accounts, Sukanya Samriddhi Yojana (SSY), and other small saving schemes functional via post offices will be implemented

Normet paves the way for the future of underground construction as India embraces sustainability

In an exclusive collaboration with CNBCTV18, Normet presents "Defining the Future Underground": A Deep dive into Normet's Vision and Solutions for India's Underground Construction Sector

Three Flipkart sellers sue India's antitrust watchdog to block competition law probe

"The alleged investigation ... is arbitrary, opaque, unfair," the Amazon and Flipkart sellers argued. Thier lawsuits can potentially delay the investigation process that has found them in breach of competition laws

18 killed in Sudan's El-Fasher market attack as conflict deepens

The Rapid Support Forces' shelling of the market on Thursday evening also injured dozens, activists said separately, as the paramilitaries and regular army vie for control of the North Darfur state capital, 17-months into their war in the northeast African country.

India’s forex reserves hit record $692.3 billion, rupee sees best performance of 2024

The rupee experienced its best performance of the year during the period covered by the forex data, bolstered by a 50-basis-point rate cut by the United States Federal Reserve and increased inflows into Indian stocks and bond

Epic Journey in Motion: "Bharat Ka Safar" pushes boundaries midway through record-breaking expedition

Every mile conquered is a testament to human perseverance, innovation, and the desire to explore the unknown

7 things about tariffs on China's EVs, solar cells and steel that US enforces from today

These US measures align with actions by other economies like the European Union and Canada. They are a sign of broader concerns in the West about China's growing dominance in high-tech and industrial sectors

Nykaa Best in Beauty Summit 2024: Showcasing the promise, growth and opportunities in the beauty & personal care segment in India

The Nykaa Best in Beauty Summit 2024 highlighted a key insight: India’s beauty and personal care market is set for phenomenal growth, driven by rising incomes, premiumisation, e-commerce expansion, and tech innovations

Indian health insurer sues Telegram over chatbot hacking to leak customer data

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