Business Industrial
CII urges urgent reforms to tackle India's burgeoning case pendency. Recommends real-time state rankings based on case-clearance rate and expansion of National Judicial Information Grid for effective policymaking.
IBM pledges $150B investment in US, focusing on quantum computing and mainframe production, following similar moves by Nvidia and Apple. Aimed at boosting local manufacturing and addressing trade conflicts.
JPMorgan restructures MSGN's debt, slashing it to $210M. Knicks owner James Dolan reduces rights fees, paving the way for a potential sale of MSGN after the debt restructuring. Knicks and Rangers fees decreased.
BYD's rise poses a risk to US automakers like Tesla. Despite tariffs, BYD thrives with internal component manufacturing and rapid growth in key markets. Tesla faces challenges with competition and declining earnings.
Pakistan's airspace closure amid tensions is forcing Indian airlines like Air India & IndiGo to reroute flights, increasing fuel costs & flight times. This impacts routes to Europe, Middle East & North America and disrupts schedules.
US CEOs worry about recession due to trade war uncertainty and China tensions. Tariffs could upend the economy, impacting US firms and global markets. A potential 'Deal of the Century' remains a slim hope.
MSG Networks nears JPMorgan restructuring to avoid bankruptcy, potentially paving way for a merger with YES Network. Dolan may sell MSGN after debt reduction. Sports app access options available.
Southwest Airlines faces trade war uncertainties and demand pullback after policy changes like baggage fees. They still plan basic economy and assigned seating. Post-pandemic recovery is key.
Domestic tractor sales are projected to reach a record high of 975,000 units by 2026, driven by higher MSP, replacement demand and TREM V implementation. Growth of 3-5% is expected.
President Trump's trade war strategies and criticism of the Fed Chair create market uncertainty. Trade deals with China, Japan, and others stall, impacting stocks, bonds, and even driving investors to gold and Bitcoin.
Trump nominates Clayton as US Attorney for Southern District, crucial for financial crime investigations. Senate confirmation faces potential challenges despite Clayton's bipartisan past and focus on security and trafficking.
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Tesla delays US production of its cheaper Model Y (codenamed E41) due to tariff exposure. Budget car is still slated for China & Europe. Production of 250,000 units expected in 2026.
ITC is investing ₹81 crore in Mother Sparsh, raising its stake to 49.3%. It's also acquiring SNBPL (24 Mantra Organic) for ₹400 crore to boost its presence in the organic food sector and support sustainable farming.
Empire State Realty Trust (ESRT) defies Manhattan office market trends with high occupancy (94.2%). Renewals & strategic upgrades drive success, overcoming class distinctions. Key leases: Gerson Lehrman, Workday, Carolina Herrera.
Samsung & LG consider reshoring to the US (South Carolina & Tennessee). Honda denies moving production. Driven by rising costs & supply chain issues, other companies like Toyota & GE are also reshoring.
India’s fintech sector is expected to grow strongly over the next 10 to 20 years, with huge potential to expand digital payments and offer more financial services such as credit and insurance, especially for those who are currently underserved, said MobiKwik Co-Founder Upasana Taku.
The Port Newark Container Terminal was going full-out on Wednesday after President Trump’s punishing tariffs kicked in, with cranes working to unload one ship after another — as shippers, retailers and importers braced for the stiff new duties to be levied on the next load of cargo from overseas.
During her opening statement, Wynn-William, Facebook’s former director of global public policy, told lawmakers that Meta began providing briefings to the Chinese Communist Party “as early as 2015” while pursuing “Project Aldrin” – a top-secret effort to gain access to China’s lucrative market.
US consumer spending for Easter is expected to rise about 5% this year as Americans snap up candy and gifts to celebrate despite concerns around high inflation and economic uncertainty, a National Retail Federation report showed on Tuesday.
Indian startups struggle to compete with global big tech companies like Google, Facebook, and Amazon, due to their vast resources and control of data, said Ansuman Pattnaik, director general, Competition Commission of India (CII), the country's anti-trust body.
A section of the market also pointed out that banks have accumulated temporary surplus due to increase in government cash balances and surge in CDs.
Shoppers may soon see higher price tags on many pharmaceutical drugs, which are also manufactured in Switzerland, Germany and the UK en masse; food products; and electronics — all goods that the US largely imports from other nations, experts told The Post.
In January, the realtor signed a memorandum of understanding (MoU) with Technopark to develop a World Trade Center (WTC) and business hotel in Thiruvananthapuram, spanning 1.5 million square feet.