Buisiness

US stock market (Photo-AP) US stock market experienced mixed movements on Thursday as President Donald Trump‘s latest tariff announcement on imported cars weighed down automakers, while positive economic data provided some support for the market.The S&P 500 showed little movement in the morning, recovering from an earlier dip. As of 10 a.m. Eastern time, the…

BENGALURU: Happiest Minds chairman Ashok Soota expressed concerns about the prospects of the Indian IT sector, even as his observations stem from market indicators suggesting an impending economic downturn in the US. “The market is predicting a US slowdown or recession. This has clouded the prospects for the Indian IT industry. We want to state…

The US has reclaimed its position as the world’s leader in billionaires, surpassing China for the first time since 2016, according to the latest Hurun Global rich list. The US now has 870 billionaires, an increase of 70 from the previous year, while China follows with 823 billionaires, adding just 9 to its tally but…

The Income tax department‘s offices across India will remain open from March 29 to March 31 to assist taxpayers in completing any pending tax-related tasks before the end of the fiscal year. The current financial year 2024-25 concludes on March 31.Despite the weekend and the observance of Eid-al-Fitr, which may coincide with Monday, the Income…

Zhang stands apart from traditional Chinese billionaires due to his innovative and globally-focused enterprise. TikTok owner ByteDance Ltd.‘s founder Zhang Yiming has emerged as the wealthiest individual in China, marking his first ascent to this position. On Wednesday, Zhang claimed the top spot by overtaking Zhong Shanshan, known for his bottled water enterprise, and Tencent…

Bengaluru: Infosys has dismissed 45 trainees at its Mysuru facility following their inability to pass internal assessments, even after receiving three opportunities to qualify, sources told TOI. This marks the second instance of such terminations at the Mysuru facility in 45 days. In Feb, Infosys terminated around 350 freshers at its Mysuru campus after they…

Elon Musk, who heads both Tesla and SpaceX, saw a remarkable 82% increase in his net worth. (AI image) World’s richest persons 2025: Tesla’s Elon Musk has once again claimed his position as the world’s wealthiest individual, securing the top spot on the Hurun Rich List for the fourth time in a five-year period.The 53-year-old,…

EPFO auto settlement feature, capped at Rs 1 lakh, enables subscribers to access funds for various purposes including medical expenses. The Employees’ Provident Fund Organisation or EPFO aims to streamline further its claim settlement procedures and plans to incorporate UPI payments for amounts up to Rs 1 lakh. In a conversation with TOI, Labour Secretary…

India intends to extend privileges previously exclusive to overseas Indians to all foreign investors. (AI image) The Reserve Bank of India (RBI) plans to raise the investment limit for individual foreign investors in listed companies to 10% from 5%, aiming to enhance capital inflows, according to senior government officials and documents seen by Reuters.Foreign portfolio…

Trump auto tariffs impact: Tata Motors shares declined 6.31% to Rs 663 during early trading hours on Thursday, following the announcement by US President Donald Trump regarding implementation of 25% tariff on imported cars and light trucks starting next week.The United States of America is a significant market for Jaguar Land Rover, contributing 22% of…