Business News - Page 2

Why is the rupee sinking even as the dollar weakens globally?

The Indian rupee is hovering near record lows despite a weakening US dollar. Foreign outflows, higher US tariffs, visa fee hikes, and persistent trade concerns have fuelled the decline. The RBI’s interventions have limited volatility, but heavy selling continues to weigh on India’s currency

Vellore Institute of Technology’s iconic Techno Fest to begin from 26 September

The festival has become a cornerstone of the national student calendar attracting over 40,000+ participants and supported by more than 70+ sponsors and collaborators

GST 2.0 kicks in: How much money will Indian households save?

It is the first day of Navratri (September 22), and new GST tax rates have come into effect. PM Modi says this will result in a ‘GST Savings Festival’. From medicines to food items and more, here’s how Indians will have an increase in household savings

Who will manage TikTok operations in the US? Murdoch, Ellison, Dell in talks

TikTok’s future in the US may soon be decided as President Donald Trump confirmed plans for American investors, including Lachlan Murdoch, Larry Ellison, and Michael Dell, to take control of its US operations. The deal would shift TikTok’s data storage, ownership, and algorithm oversight to the US

Explained: The $6.2 billion mega merger deal that was really behind Jimmy Kimmel's suspension

ABC’s suspension of ‘Jimmy Kimmel Live’ wasn’t just about his remarks on Charlie Kirk’s murder. The move is deeply tied to a $6.2 billion mega merger involving Nexstar and Tegna amid intense Federal Communications Commission (FCC) scrutiny and political pressure from Trump-appointed chairman Brendan Carr

Z Connect’s AI Turns Your Transaction Data into Actionable Insights

Z-Connect, Zrika's AI platform for real business clarity and growth. See how it transforms scattered transaction data into immediate, actionable insights

Trump UK visit: How the $204 billion US investment may help the British economy bounce back

US President Donald Trump’s second State visit to the UK featured lavish royal ceremonies, record US investments worth £150 billion, and the signing of a landmark Tech Prosperity Deal with PM Keir Starmer. While the visit brought pledges of thousands of jobs, differences over steel tariffs and immigration remain unresolved

'Not obvious what to do': Fed cuts rates, not confusion US has about its economy

While the US Federal Reserve cut interest rates for the first time since US President Donald Trump came to the office, it leaves the American economy on a murky path of maintaining a balance between rising unemployment and inflation

What's the cost of keeping Elon Musk away from politics? A trillion dollars, it seems

Tesla has proposed a record-breaking $1 trillion compensation plan to retain CEO Elon Musk and secure his focus on ambitious projects like autonomous taxis and humanoid robots. The move comes as Musk personally purchased $1 billion in Tesla shares while facing criticism over political involvement

India imports more Russian oil in August: Report

India’s crude oil imports from Russia rose to €2.9 billion (approx. $3.1 billion ) in August, nearly matching China’s, despite new U.S. tariffs and pressure from President Trump, according to a report

The world briefly got a new richest man: Oracle’s Larry Ellison overtook Elon Musk, but only for hours

Tesla CEO Elon Musk briefly lost his title as the world's richest man to the Oracle co-founder Larry Ellison. According to the Bloomberg Billionaires Index, Ellison's wealth surged to $393bn on Wednesday morning, surpassing Musk's $385bn

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

When it comes to digital updates, Chennai motorists are miles ahead

Will US refund tariffs if Supreme Court rules against Trump’s policy?

The US Supreme Court is set to decide the fate of Trump’s sweeping reciprocal tariffs later this year. If the court rules against the administration, US Treasury Secretary Scott Bessent has confirmed that 'we would have to give a refund on about half of the tariffs, which would be terrible for the Treasury'

China’s exports and imports grow slower than expected amid tariff-trade war with US

The increase in China's overseas shipments last month fell below a Bloomberg forecast of 5.5 percent.

Modi, Trump reaffirm friendship: Are tensions between India-US finally easing up?

India-US relations face turbulence as Prime Minister Narendra Modi and President Donald Trump balance personal friendship with growing disagreements over tariffs. Amid talks of Modi’s bonhomie with Xi Jinping and Vladimir Putin after the SCO Summit, Trump’s trade penalties, and upcoming UNGA talks, both nations are navigating one of their most challenging phases

Tesla offers billionaire Elon Musk a trillion-dollar pay package. Here's the breakdown

Tesla outlined a $1 trillion compensation plan for CEO Elon Musk on Friday, which pays out if he is able to grow the EV company's market capitalization from about $1.1 trillion to $8.5 trillion and to hit several operational targets.

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

With the growing wave of electric SUVs, styling has become a statement of intent

Why the GST reform is a festive bonanza for the common man

India has rolled out its biggest GST reforms since 2017, cutting rates on essentials, farm equipment, and insurance while simplifying slabs to just five per cent and 18 per cent. A new 40 per cent rate targets luxury and sin goods. The changes aim to ease household budgets, support farmers and students, and boost spending ahead of the festive season

Trump targets India over trade yet again. But did you know the US secretly rakes in billions from New Delhi?

US President Donald Trump has targeted India over the trade deficit with the United States yet again. Trade deficits have emerged as something of a bugbear for Trump. His obsession with them, which began during his first term, has seemingly reached new heights this year. But did you know that the US is actually raking in billions from India?

$6 billion windfall: Is crypto now the Trump family’s biggest business venture?

The Trump family’s cryptocurrency venture, World Liberty Financial, has quickly become its largest source of wealth, with locked holdings valued at around $6 billion. The launch of its $WLFI token drew massive trading volumes and scrutiny over potential conflicts of interest as Donald Trump balances presidential duties with his family’s expanding crypto empire

US Treasury Secretary Bessent talks of plan B for Trump’s tariffs. What could it be?

US Treasury Secretary Scott Bessent says the Trump administration has a 'Plan B' if the Supreme Court strikes down the president’s sweeping tariffs imposed under emergency powers. While defending the use of the 1977 IEEPA law, Bessent pointed to other trade statutes, including the Smoot-Hawley Act, Sections 232, 201, 301, and 122, as fallback options

How Trump’s 50% tariffs on India will backfire on US businesses too

The US has doubled tariffs on Indian goods to 50 per cent, targeting sectors like textiles, jewellery, chemicals and furniture. While meant to punish India over Russian oil imports, the move could also hurt American businesses, raising inflation, squeezing supply chains and making goods costlier for US consumers

New workplace trend alert! What is 'job-hugging' that American employees are practising?

Once marked by the 'Great Resignation', US workers are now holding tightly to their jobs in what experts call 'job hugging'. With hiring slowing, opportunities shrinking and economic uncertainty growing, employees are staying put — but experts warn this trend could stall careers, block new entrants and set the stage for another mass resignation

Powell hints at rate cuts amid weak jobs data, flags ‘clear’ tariff impact on prices

Federal Reserve Chair Jerome Powell on Friday signaled that a weakening job market may soon compel the central bank to cut interest rates, after holding them steady for eight consecutive months

Who is Peter Navarro, Trump’s adviser who has called India 'Maharaj in Tariff'?

Peter Navarro, Donald Trump’s chief trade adviser, has slammed India, dubbing it a 'maharaj in tariff' and accusing it of running a 'profiteering scheme' through discounted Russian oil. From his Harvard roots to his prison stint and return to Trump’s inner circle, here’s everything to know about the man driving US tariff wars

Is Bangladesh heading towards a debt trap?

Low tax collection, rising debt, and shrinking public spending is threatening Bangladesh’s economic recovery and development goals, according to a report

How China is scaling up Russian oil orders as Trump turns the screws on India

China is increasing its purchases of Russian crude, which was once destined for India, as US President Donald Trump’s tariff offensive forces New Delhi to scale back its imports. With Beijing securing at least 15 cargoes for October and November delivery, the shift shows how much Russia is dependent on Asian buyers

As Trump weaponises tariff, Fed sees a bigger worry: Not jobs, but rising prices in America

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