The logo of German car manufacturer Volkswagen is pictured at Volkswagen’s transparent factory in Dresden, Germany, on May 14, 2025. (AP-Photo) Volkswagen is considering closing four factories in Germany and increasing planned job cuts to as many as 1,00,000 (1 lakh) in what could become the biggest restructuring in the company’s history as the automaker…
The Middle East conflict had triggered concerns across global markets as tensions around the Strait of Hormuz threatened energy supplies and raised fears of slower economic growth. However, with the US and Iran reaching a ceasefire and energy markets showing signs of stabilisation, the outlook has improved.Crisil Ratings now expects the impact on corporate India’s…
An Uber spokesperson said Prabhjeet Singh is leaving the company to pursue another leadership opportunity. Uber India and South Asia President Prabhjeet Singh has stepped down after more than a decade with the ride-hailing company, the company confirmed on Thursday, PTI reported.An Uber spokesperson said Singh is leaving the company to pursue another leadership opportunity.“We…
Among the biggest drags was Micron Technology, whose shares fell 5.5%. The memory-chip maker has been one of Wall Street’s biggest winners this year, with its stock roughly quadrupling as AI-driven demand boosted sales. Wall Street slipped on Friday as another sharp selloff in artificial intelligence (AI)-linked stocks outweighed gains across much of the broader…
Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains from the India-UK Free Trade Agreement (FTA), saying the pact should become a catalyst for “transformational growth” when it comes into force on July 15. Commerce minister Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains…
Recent AI models capable of identifying software vulnerabilities have heightened concerns over cyberattacks, operational risks and national security, prompting financial watchdogs to accelerate the adoption of supervisory technology. Financial regulators are racing to adopt artificial intelligence (AI) to keep pace with rapidly evolving cyber threats, with watchdogs increasingly developing their own AI-powered supervisory tools to…
India’s foreign exchange reserves rose by $963 million to $672.587 billion in the week ended June 19, reversing the previous week’s sharp decline, as a surge in gold reserves more than offset a fall in foreign currency assets, according to RBI data released on Friday, PTI reported.The country’s forex reserves had declined by $9.985 billion…
A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run…
The Department of Fertilisers (DoF) has issued an Invitation for Expression of Interest (EOI) for setting up Green Urea plants and recently held a high-level pre-EOI meeting. The Centre has drawn up a roadmap to kickstart Green Urea production in India, proposing annual procurement of 7.24 lakh metric tonnes (MT) of Green Ammonia under the…
Employee unions have sought a substantially higher fitment factor of 3.83. (AI image) 8th Pay Commission news: The Eighth Central Pay Commission is expected to adopt a measured approach while deciding the fitment factor, keeping in view the financial implications for both the Centre and the states as it moves into the concluding phase of…
