Buisiness

Against the backdrop of global debates surrounding diversity, equity, and inclusion (DEI), CEAT, a flagship company of the RPG Group, is stepping up its efforts to implement women-centric and diverse policies in the traditionally male-dominated manufacturing sector. With a goal of achieving gender diversity of 25% on the shop floor and 20% at the leadership…

The head of the International Monetary Fund (IMF) said Thursday that the world economy is likely to avoid a recession despite mounting global trade tensions sparked by US President Donald Trump’s sweeping tariffs. However, the cost of these trade disruptions will be significant, IMF Managing Director Kristalina Georgieva warned.Speaking to reporters in Washington ahead of…

UnitedHealth Group (UNH) stock tumbled 19% Thursday after the company drastically cut its 2025 earnings forecast, citing significantly higher-than-expected medical costs tied to a surge in demand for outpatient and physician services within its Medicare Advantage plans.The insurer now expects adjusted earnings per share to fall between $26 and $26.50, well below its earlier guidance…

Gold prices in the national capital surged by Rs 70 on Thursday to touch a new record high of Rs 98,170 per 10 grams, tracking firm global cues, according to the All India Sarafa Association.The previous session had already seen a sharp rise of Rs 1,650, pushing the precious metal of 99.9 per cent purity…

US President Donald Trump on Thursday slammed Federal Reserve Chairman Jerome Powell, saying his “termination cannot come fast enough” after Powell warned that “tariffs likely to generate inflation.”“The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG,…

Infosys, India’s second-largest IT services firm, on Thursday reported a 11.7 per cent year-on-year drop in consolidated net profit for the March quarter, which stood at Rs 7,033 crore.In the corresponding period last year, the company had posted a profit of Rs 7,969 crore.Despite the decline in quarterly profit, Infosys surpassed its full-year revenue guidance….

Indian benchmark indices continued rally for the fourth consecutive session on Thursday, with the BSE Sensex surging over 1,500 points and the Nifty50 closing above the 23,850 mark. The rally was primarily fuelled by strong buying in the financial sector, despite ongoing concerns regarding US tariff policies and the global economic slowdown.The 30-share BSE Sensex…

Amid the trade war with US, Chinese companies Shanghai Highly Group and Haier have shown increased willingness to comply with Indian regulations for business expansion, according to Economic Times sources. They are now reportedly accepting minority ownership in joint ventures, a position they previously resisted, influenced by mounting US tariffs. Should Chinese firms face exclusion…

US and China have been steadily increasing tit-for-tat tariffs on each other’s imports. US President Donald Trumpon Wednesday ratcheted up his tariff offensive up to 245% on China. He also declared it’s up to China to return to the negotiating table after Beijing backed out of a high-stakes Boeing aircraft deal.“The ball is in China’s…

The World Trade Organization slashed its forecast for merchandise trade this year as soaring US tariffs and broader uncertainty hammer international commerce. The Geneva-based WTO expects the volume of world merchandise trade to decline by 0.2% in 2025 – almost three percentage points lower than it would have been without the US-led trade war, marking…